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Reuters

154

Articles

RBI's heavy FX footprint revives memories of a tightly managed rupee

Despite volatile crude oil prices due to war in the West Asia and persistent dollar demand from hedging flows, the rupee has ‌demonstrated remarkably muted price action since last week

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Microsoft retreats in China, but AI boom helps it keep a window open

Microsoft has shut at least 15 China offices and joint ventures in five years and considered exiting the market in 2023, as US-China tensions, regulations and technology curbs weigh on its business

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Paytm CEO, CFO get Sebi notice over 2023 disclosure curbing small loans

The company, in a statement on December 6, 2023, said it would issue fewer sub-₹50,000 (about $525) personal loans, after the ‌Reserve Bank of India tightened rules on consumer lending

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Spotify to add 'AI Persona' badges on AI-generated artist profiles from Sep

Spotify will display the badge on banners and About sections in artist profiles, as well as in Search and on track rows across playlists

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IBM, Together AI ink $240 million multi-year agreement for AI cluster

IBM and Together AI will build a $240-million AI cluster using Nvidia's latest systems, reflecting rising demand for computing capacity to run open-source AI models

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Govt set to exceed key fundraising goal on state-firm stake sales

The long-delayed sale of the government's stake in IDBI Bank is also likely to conclude this fiscal year, potentially adding $2.5 billion to state coffers

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Rupee steadies as lower oil prices, inflows boost carry trade appeal

Cooling crude prices and over $40 billion in recent inflows have eased depreciation concerns, improving the Indian currency's attractiveness for carry trades

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Foreign inflows unlikely to lift rupee significantly in coming months

Foreign investors turned ‌net buyers of Indian equities in July for the first time in 5 months, while the RBI's measures to attract foreign exchange, announced in June, have drawn more than $40 bn

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Alphabet rolls back AI image feature in Google Earth over policy concerns

The feature, powered by Google's Nano Banana 2 AI model, had allowed ‌users to generate photorealistic images grounded in Google Earth's satellite, aerial and 3D imagery by typing a text prompt

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EU in talks with OpenAI, Anthropic after rogue AI agent hacking incidents

Europe's AI Act, which kicks in on August 2, is the first legislation in ‌the world to regulate a technology used in almost all sectors of businesses and society

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