Global CEO and President Cristiano Amon In a big affirmation of India’s electronics manufacturing and AI ambitions, American semiconductor giant Qualcomm is all set to sign a deal to contract-manufacture and source automotive module products from India that will be exported across the world, apart from being sold in the domestic market, Global CEO and…
Swiss President Guy Parmelinbacks a governance framework for AI that does not rely on a single instrument and calls for societal norms that guide users. Excerpts from an interview with TOI:How should countries deal with AI regulation? Is there a need to have a new agency? Will a regulatory set up stifle innovation and development…
Air India’s operational turnaround is showing early results, with fleet reliability improving and spare parts availability rising as the airline advances its transformation plan, CEO Campbell Wilson said on Thursday.Speaking during a town hall with employees, Wilson said operational resilience remains a key focus area for the Tata Group-owned carrier and that enhanced fleet reliability…
A drop in US mortgage rates is offering early encouragement to prospective homebuyers ahead of the crucial spring homebuying season, even as borrowing costs continue to hover near the 6% mark.The average rate on a 30-year fixed mortgage declined to 6.01% this week from 6.09% a week earlier, mortgage buyer Freddie Mac said Thursday, AP…
NEW DELHI: India will play a “central role” in shaping both the opportunities and safeguards around advanced artificial intelligence, Anthropic CEO Dario Amodei said on Thursday, as the company announced its India expansion.Anthropic has opened an office in Bengaluru and appointed Irina Ghose as managing director for India. The company also said it has entered…
Stock market today: Benchmark equity indices snapped a three-day winning streak on Thursday, with the Sensex plunging over 1,200 points and the Nifty closing near the 25,450 mark amid a broad-based sell-off triggered by escalating geopolitical tensions between the US and Iran.The 30-share BSE Sensex tumbled 1,236.11 points, or 1.48 per cent, to settle at…
India’s state-owned Bharat Petroleum Corp (BPCL) and private refiner HPCL Mittal Energy Ltd (HMEL) have each bought one million barrels of Venezuelan Merey crude oil, marking BPCL’s first-ever purchase and HMEL’s first in two years, according to Reuters sources on Wednesday. The deals, arranged through trader Vitol, will increase India’s Venezuelan oil imports to at…
Gold rose and hovered once again around 5,000 driven by renewed geopolitical tensions and a rebound after a sharp fall at the start of this week. Also a dip buying ahead of the Federal Reserve meeting minutes was seen, while mixed economic data kept the fed officials bias also divided. Prices are steady in the…
Stock market today (AI image) Stock market today: Indian equity benchmarks are slowly inching upwards, with Nifty50 and BSE Sensex opening in green after three days of gains. While Nifty50 was above 25,850 in early trade, BSE Sensex rose over 100 points. At 9:18 AM, Nifty50 was trading at 25,861.55, up 42 points or 0.16%….
AI image used for representative purposes Russia’s foreign ministry firmly claimed on Wednesday that it has “no reason to believe” that India changed its stance on purchasing Russian oil, despite US claims suggesting otherwise. The ministry emphasised that the oil trade benefits both nations and helps maintain global energy market stability, while dismissing recent statements…
