Swiss President Guy Parmelinbacks a governance framework for AI that does not rely on a single instrument and calls for societal norms that guide users. Excerpts from an interview with TOI:How should countries deal with AI regulation? Is there a need to have a new agency? Will a regulatory set up stifle innovation and development…
Air India’s operational turnaround is showing early results, with fleet reliability improving and spare parts availability rising as the airline advances its transformation plan, CEO Campbell Wilson said on Thursday.Speaking during a town hall with employees, Wilson said operational resilience remains a key focus area for the Tata Group-owned carrier and that enhanced fleet reliability…
A drop in US mortgage rates is offering early encouragement to prospective homebuyers ahead of the crucial spring homebuying season, even as borrowing costs continue to hover near the 6% mark.The average rate on a 30-year fixed mortgage declined to 6.01% this week from 6.09% a week earlier, mortgage buyer Freddie Mac said Thursday, AP…
NEW DELHI: India will play a “central role” in shaping both the opportunities and safeguards around advanced artificial intelligence, Anthropic CEO Dario Amodei said on Thursday, as the company announced its India expansion.Anthropic has opened an office in Bengaluru and appointed Irina Ghose as managing director for India. The company also said it has entered…
US stocks edged lower on Thursday as rising oil prices and renewed concerns over a potential US-Iran conflict weighed on investor sentiment, even as several companies reported mixed quarterly earnings, according to AP.The S&P 500 slipped 0.4% and was on track for its first decline in four sessions. The Dow Jones Industrial Average fell 257…
Individual taxpayers often struggle with determining the correct reportable value of foreign assets. (AI image) India’s foreign assets reporting is no longer evolving quietly in the background; it has entered an era of assertive enforcement. Budget 2026 reinforced that overseas income/ asset disclosure is not merely a procedural obligation to disclose in the Income tax…
Foreign institutional investors (FIIs) are sharply reducing exposure to technology sector, amid rising concerns that advances in artificial intelligence could disrupt traditional software services business models that have long powered the country’s IT industry.FIIs pulled out Rs 10,956 crore from Indian IT stocks in the first fortnight of February alone, as the launch of new…
The Pradhan Mantri Awas Yojana (PMAY) remains one of the government’s flagship housing schemes aimed at improving home ownership affordability across urban India. The programme provides interest subsidies and financial assistance to eligible beneficiaries, particularly those in the Economically Weaker Section (EWS), Low Income Group (LIG), and Middle Income Group (MIG) categories.For applicants, documentation plays…
Stock market today: Benchmark equity indices snapped a three-day winning streak on Thursday, with the Sensex plunging over 1,200 points and the Nifty closing near the 25,450 mark amid a broad-based sell-off triggered by escalating geopolitical tensions between the US and Iran.The 30-share BSE Sensex tumbled 1,236.11 points, or 1.48 per cent, to settle at…
India’s state-owned Bharat Petroleum Corp (BPCL) and private refiner HPCL Mittal Energy Ltd (HMEL) have each bought one million barrels of Venezuelan Merey crude oil, marking BPCL’s first-ever purchase and HMEL’s first in two years, according to Reuters sources on Wednesday. The deals, arranged through trader Vitol, will increase India’s Venezuelan oil imports to at…