Business

The US has cautioned European countries against retaliatory tariffs linked to President Donald Trump’s threatened levies over Greenland, with Treasury Secretary Scott Bessent describing such a response as ill-advised.Speaking to reporters on the opening day of the World Economic Forum in Davos, Bessent said any retaliatory move by Europe would be “very unwise”, according to…

Embracing artificial intelligence is no longer optional but a matter of survival for individuals, companies and governments, and India appears to be moving in the right direction, said Jack Hidary, CEO of SandboxAQ, at the World Economic Forum (WEF) Annual Meeting.“It’s time to embrace AI or die,” Hidary told PTI, outlining his central thesis that…

Silver prices surged to an all-time high in the national capital on Monday, crossing the psychologically significant Rs 3 lakh-per-kg mark, while gold also scaled a new record, as heightened geopolitical tensions and tariff-related uncertainty fuelled strong safe-haven demand, PTI reported.According to market participants, silver jumped by Rs 10,000 in a single session to trade…

The Securities and Exchange Board of India on Monday floated a proposal to introduce a regulatory framework for ‘Significant Indices’, a move aimed at strengthening governance standards and improving transparency among index providers in the securities market, PTI reported.In a consultation paper, Sebi defined ‘Significant Indices’ as those administered by an index provider and used…

NEW DELHI: The India-EU summit next week will see both sides announcing in an agreement that negotiations for the free trade agreement (FTA) have been successfully concluded, even though the actual signing will take place later. According to diplomatic sources, apart from the FTA, signing of a security and defence partnership to facilitate defence industrial…

BENGALURU: Ola Electric Mobility on Monday said it has appointed Deepak Rastogi as its chief financial officer, effective January 20, after incumbent CFO Harish Abichandani resigned from the role citing personal reasons, according to exchange filings.In a disclosure to stock exchanges, the company said its board approved Rastogi’s appointment at a meeting held on January…

Reserve Bank of India (ANI image) The Reserve Bank of India (RBI) is likely to keep key policy interest rates unchanged at its upcoming monetary policy review scheduled for February 4–6, as inflation has begun to edge up, ratings agency Crisil said on Monday.The Monetary Policy Committee (MPC) had cut the repo rate by 25…

India and the European Union are on the verge of sealing their long-delayed free trade agreement. (AI image) In a historic first, India and the European Union are all set to seal a trade deal that has taken almost two decades to finalize. The scale of the proposed free trade agreement is evident in Commerce…

MUMBAI: Moody’s Ratings said in a report that India’s insurance sector is likely to benefit from Govt moves to recapitalise and merge state-owned non-life insurers, as the measures aim to improve underwriting discipline, ease pricing pressures, and support long-term profitability amid strong economic growth and regulatory change.The report said large state-owned insurers have historically prioritised…

MUMBAI: RBI has revised its priority sector lending norms allowing lending to the National Cooperative Development Corporation to qualify as priority sector loans, with the objective of expanding credit to cooperative societies while tightening compliance and reporting requirements for banks.The revised Master Directions on Priority Sector Lending recognise loans extended by banks to the National…