Policy Coordination: ‘Policy sync key for strong growth’

Policy Coordination: 'Policy sync key for strong growth'

New Delhi: Policy coordination, both global as well as domestic, is critical to ensure that growth comes back on track and remains strong, sustainable, balanced, and inclusive, finance minister Nirmala Sitharaman said on Monday. Sitharaman said the G20 New Delhi Leaders’ Declaration underscores the urgency of implementing well-calibrated macroeconomic and structural policies to bolster equitable … Read more

Ukraine removes Shree Ramkrishna Exports from international war sponsors list

Ukraine removes Shree Ramkrishna Exports from international war sponsors list

MUMBAI: Ukraine has removed the Indian diamond manufacturer Shree Ramkrishna Exports (SRK) – one the largest in the world – from its list of international sponsors of war. The Mumbai-based company was accused last month of “continuing to co-operate with the aggressor, purchasing diamonds in Russia,” despite Western sanctions. SRK responded by insisting it had … Read more

OpenAI, startup behind ChatGPT, is in talks to sell shares at $86 billion valuation

OpenAI, startup behind ChatGPT, is in talks to sell shares at $86 billion valuation

OpenAI is in talks to sell existing employees’ shares at an $86 billion valuation, according to people with knowledge of the matter. The artificial intelligence startup behind ChatGPT is negotiating the transaction, known as a tender offer, with potential investors, said the people, who asked not to be identified discussing confidential information. The firm hasn’t … Read more

Gross: Net direct tax collection rises 11% to about Rs 3.80 lakh crore so far this fiscal: Finance ministry

Gross: Net direct tax collection rises 11% to about Rs 3.80 lakh crore so far this fiscal: Finance ministry

NEW DELHI: The figures of direct tax collections for financial year 2023-24 as on June 17 show that net collections are at Rs 3,79,760 crore, compared to Rs 3,41,568 crore in the corresponding period of the preceding FY, representing an increase of 11.18%. As per a statement released by the finance ministry on Sunday, net … Read more

Bitcoin rises to highest level since June 2022

Bitcoin rises to highest level since June 2022

LONDON: Top cryptocurrency bitcoin hit a nine-month high of $26,533 on Tuesday, in its fourth consecutive day of gains, as it appeared to benefit from chaos in global markets following last week’s collapse of Silicon Valley Bank.Bitcoin rose to $26,533 at around 1306 GMT, up around 10% on the day at its highest since June … Read more

Fed: US consumer inflation still elevated but Fed under stress

Fed: US consumer inflation still elevated but Fed under stress

WASHINGTON: US consumer inflation edged down in February but remains elevated, according to government data released Tuesday, adding pressure to the Federal Reserve as it balances its inflation fight with financial stability concerns.The central bank has been on an aggressive campaign to tame inflation, raising interest rates eight times since early last year to ease … Read more