India’s inflation rate has risen to the highest in eight months under the new CPI series to fall within the Reserve Bank of India’s tolerance band for the first time since August 2025. That indicates a status quo on repo rate in the longer term. India’s new inflation series cuts the weight of volatile items […]
Shares of Indian software exporters slid more than 4% on Thursday, extending losses for the week, as persistent fears of AI-led disruption and fading hopes of a near-term rate cut by the U.S. Federal Reserve weighed on sentiment. The rise of Anthropic’s AI tools threatens to upend the labour-intensive business model of Indian IT industry. […]
Hindustan Unilever Ltd. more than doubled its bottomline in the third quarter of the ongoing fiscal due to a one-off gain from demerger of its ice-cream business housed under Kwality Wall’s. Hindustan Unilever’s share price fell as much as 4.55% after the quarterly results were declared. (Reuters) Consolidated net profit of India’s largest FMCG firm […]
India is taking major steps to overhaul its key statistics to better capture the rapid expansion in consumer spending over the past decade and improve policymaking in one of the world’s fastest-growing economies. A vegetable market in New Delhi. (PTI) The government will publish a new inflation series today to reflect the changing spending patterns […]
Hexaware Technologies Ltd. has launched an Agentic AI tool that replaces SaaS with artificial intelligence to fix “execution problem” faced by clients, even as it grapples with its own growth pangs. Zero License, developed by Hexaware Technologies, replaces bloated SaaS workflows with Agentic AI “in months, not years”. (AI Image) Zero License, developed by the […]
Praveen Iyer, a co-founder and chief commercial officer of Akasa Air, has quit the airline, in the second high-profile exit in less than three years of operations. He was also a member of the executive committee of the company. Praveen Iyer, co-founder and former chief commercial officer or Akasa Air. (@AkasaAir/X) “Praveen has been instrumental […]
The White House has revised its fact sheet on the India-US trade deal, removing a reference to pulses and adjusting language around New Delhi’s offer to buy more American goods. Prime Minister Narendra Modi and US President Donald Trump at the White House in Washington D.C. (Reuters File) In a previous version of the India-US […]
Ten dead after a shooting in Canadian province of British Columbia, CBC News reports A shooting in Tumbler Ridge, British Columbia, has resulted in ten fatalities, including the suspected shooter. Six victims were discovered at a high school, with two more found at a connected residence. An additional person died en route to the hospital, […]
Salesforce Inc. has cut up to 1,000 jobs in early February, in yet another instance of AI remodelling the workspace. The Salesforce Tower in New York. (AP) But the Salesforce layoffs has affected its Agentforce AI product, as well as roles across marketing, product management, data analytics, Business Insider reported citing LinkedIn posts and conversations […]
Dhaka has secured a reduced 19% tariff under a US-Bangladesh trade deal signed on Monday, with exemptions on textiles and garments made using raw material imported from the US. Muhammad Yunus, chief advisor heading Bangladesh’s interim government. (ANI) Muhammad Yunus, chief advisor heading Bangladesh’s interim government, said Washington D.C. had “committed to establishing a mechanism […]