NEW DELHI: India’s booming futures and options (F&O) market saw a sharp dip in trading activity last week, with volumes dropping by nearly 20%, following Securities and Exchange Board of India’s (Sebi) ban on New York-based quantitative trading firm Jane Street over alleged market manipulation.The daily average turnover in index options on the NSE, which…
Gibran raises $2.6 million to build nature-inspired, adaptive AI systems (Representative AI image) BENGALURU: AI research startup Gibran has raised $2.6 million in a seed round led by Together Fund to develop a new class of adaptive, scale-free systems that augment human creativity and decision-making. The company draws on principles from evolutionary biology and complex…
NEW DELHI: The US Federal Aviation Administration (FAA) and Boeing have privately issued a notification that the fuel switch locks on Boeing aircraft are safe, according to a Reuters report citing sources. The clarification follows India’s Aircraft Accident Investigation Bureau (AAIB) preliminary report on the June 12, Air India Flight 171 crash.According to the Reuters…
Market experts indicate that ongoing uncertainty in trade talks could maintain markets in a consolidative phase. (AI image) Stock market today: Nifty50 and BSE Sensex, the Indian equity benchmark indices, opened in red on Monday. While Nifty50 was below 25,100, BSE Sensex was down over 200 points. At 9:18 AM, Nifty50 was trading at 25,095.20,…
MUMBAI: A new directive issued by the RBI permits banks to accept voluntary pledges of gold or silver from borrowers seeking agricultural and MSME loans, even within the limits traditionally classified as “collateral-free”. This will help small borrowers, particularly in rural India, get easier terms on their loans.According to the circular issued on July 11,…
If you are planning to buy first class Forever stamps, it is your last chance to get them at 73 cents before prices rise once again. The United States Postal Service (USPS) will be increasing the cost of first-class Forever stamps, along with several other services, on Sunday, July 13. The change was confirmed by…
Unified Payments Interface (UPI) has officially surpassed Visa to become the world’s leading real-time payment system, processing over 650 million transactions daily. Amitabh Kant, the former CEO of Niti Aayog, hailed the milestone on X, posting, “UPI surpasses Visa to become the world’s leading real-time payment system, processing over 650 million transactions daily.”He said that…
NEW DELHI: The mandatory retrofitting of coal-fired generation plants with mechanisms to reduce sulphur emission will apply to only units within 10 km of cities with population exceeding 10 lakh instead of all power stations under a 2015 mandate.The revised policy, notified on Saturday, is expected to reduce the cost of power by 25-30 paise…
Gold prices are expected to remain firm in the upcoming week, supported by heightened global risk aversion, sustained weakness in the US dollar index, and a series of trade-related developments as key supporting factors, analysts said.They further added that investors will be focusing on key US data releases, including Consumer Price Inflation (CPI) and retail…
Syria has signed an $800 million agreement with UAE-based company DP World to develop the port of Tartus, state media reported on Sunday, marking a major step in the country’s push to rebuild after 14 years of civil war. The deal comes as the new Islamist authorities, who took power following the ousting of longtime…
