As the Middle East war has stretched beyond a month, energy prices have soared sharply, sending ripples across the globe. Iran’s chokehold of Strait of Hormuz has pushed fuel costs higher, hitting energy supplies for major economies. The impact is visible in multiple sectors in India, with higher costs of fuel and petrochemical products feeding…
Anthropic CEO Dario Amodei has issued one of the strongest warnings yet about the direction of artificial intelligence, arguing that humanity is entering a period of extraordinary technological danger that could determine the future of civilization. In his 38‑page essay, “The Adolescence of Technology: Confronting and Overcoming the Risks of Powerful AI”, Amodei described the…
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MUMBAI: The surge in retail credit in India rests on a quiet infrastructural shift-the growing ability of lenders to judge creditworthiness of borrowers quickly and cheaply. What has made this possible is a dramatic fall in the cost of obtaining credit reports, aided by digital scale and the proliferation of fintech platforms that allow consumers…
Indian equities are facing a more cautious outlook, with JPMorgan cutting its rating on the market to neutral from overweight. The brokerage warned that the Nifty 50 could drop to 20,500 in a worst-case scenario, which would mean a fall of around 15% from current levels. It stated that high valuations and uncertainty linked to…
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NEW DELHI: Amid reports of two cheetahs from Madhya Pradesh’s Kuno National Park (KNP) moving into Rajasthan’s Baran district, National Tiger Conservation Authority (NTCA) Sunday said this movement reinforces the strategic rationale for the proposed 17,000 sqkm Kuno–Gandhi Sagar inter-state wildlife corridor spanning seven districts of Rajasthan and eight of MP.Calling the inter-state movement a…
US inflation rose in line with expectations in February, with further upside risks emerging from the Iran war, a trend that could delay interest rate cuts by the Federal Reserve, Reuters reported.The personal consumption expenditures (PCE) price index –the Fed’s preferred inflation gauge– increased 0.4% in February after a 0.3% rise in January, data from…
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As February progresses, customers planning to visit banks are advised to check the holiday schedule in advance to avoid inconvenience. In India, banks observe both national and state-specific holidays, which means closure dates can differ from one region to another.Next week, several banks across the country will remain closed for state observances: February 18: Banks…
