India and the Netherlands have established a Joint Trade and Investment Committee (JTIC) to deepen bilateral economic engagement and address barriers to trade and investment, the commerce and industry ministry said on Friday, PTI reported.An MoU to this effect has been signed between the two countries, creating a formal institutional mechanism to review trade relations,…
Dense fog disrupted flight operations at Delhi’s Indira Gandhi International Airport on Friday, leading to the cancellation of at least 177 flights and delays to more than 500 services, PTI reported citing officials.An official said the cancellations included both departures and arrivals, covering some international flights as well. Data from flight tracking website Flightradar24 showed…
Sales of existing homes in the US rose modestly in November from the previous month but declined compared with a year earlier, as higher prices continued to weigh on affordability despite relatively stable mortgage rates, according to data released on Friday, AP reported. Existing home sales increased 0.5 per cent from October to a seasonally…
The Asian Development Bank (ADB) committed $4.258 billion in sovereign lending to India in 2025, supporting projects across workforce skilling, renewable energy, urban infrastructure, metro and rail networks, healthcare services and ecotourism, the multilateral lender said on Friday, reported PTI.Of the 16 new projects committed during the year, nearly 32% were in the human and…
India and Oman are aiming to operationalise their recently signed Comprehensive Economic Partnership Agreement (CEPA) within the next three months, Commerce and Industry Minister Piyush Goyal said on Friday, signalling a faster rollout than several past trade pacts, PTI reported.The India–Oman free trade agreement was signed on December 18. Under the CEPA, Oman has offered…
Piramal Finance on Friday said it has decided to exit Shriram Life Insurance Company by selling its entire 14.72% stake to South Africa-based Sanlam Group for Rs 600 crore, as part of its strategy to monetise non-core assets.The company said it has signed a share purchase agreement with Sanlam Emerging Markets (Mauritius) Limited (SEMM), the…
Gold prices began the day on a softer note on the Multi Commodity Exchange (MCX), with the yellow metal opening at Rs 1,34,027 per 10 grams, a decline of Rs 494 or 0.37%. Despite the dip, gold has managed to stay above the key Rs 1.34 lakh level, a zone closely watched by market participants…
Asian equities inched higher on Friday after as investors relieved after softer reading of US inflation, expecting another interest rate cut as early as next month. Optimism was further supported by strong earnings from US chipmaker Micron Technology, which eased fears that the rally in technology stocks may be overstretched.Hong Kong’s HSI is trading at…
Rupee continued its upward rally against the US dollar on Friday, opening at 90.1325 per dollar, up about 0.1% from its previous close.The currency closed at 90.20 against US dollar, on Thursday, making a tentative recovery after sliding to record lows earlier this week.This rebound was largely attributed to intervention by the Reserve Bank of…
BENGALURU: Cognizant AI CTO Babak Hodjat said at the Nasdaq-listed company’s AI Lab here that as enterprises race to embed large language models (LLMs) deeper into business operations, a key question remains unresolved: how much can these systems be trusted to reason correctly at scale? While today’s LLMs are powerful, he said, they tend to…