India added 83,100 AI-related jobs during the period, compared with 31,921 positions lost through layoffs and attrition. Is artificial intelligence taking away jobs or is it leading to hirings? A new report by Nomura suggests that in India, AI is creating more jobs than cuts. India, long regarded as the global back office for multinational … Read more
Global food prices rise in July as cereals, oils and sugar get costlier Plates around the world got a little pricier in July. Prices of cereals, vegetable oils and sugar rose during the month, while meat and dairy prices fell, according to the Food and Agriculture Organization (FAO) of the United Nations.The FAO Food Price … Read more
The weaker-than-expected employment report strengthened expectations that the Federal Reserve could have more room before increasing interest rates to curb inflation. US stock market today: Wall Street stocks traded higher on Friday morning, while Treasury yields declined after government data showed US employers unexpectedly eliminated 23,000 jobs last month.The S&P 500 advanced 0.4%, remaining close … Read more
UPI has always been free for consumers since its launch in 2016. (Image: Stock.adobe) Will you now have to pay charges for your UPI transactions? That’s the big question that many are asking after the Lok Sabha cleared a Bill amending the Payment and Settlement Systems Act, 2007, enabling the government to authorise banks and … Read more
Median investor age falls 5 years as India’s market draws more young investors India’s investor club is getting younger and bigger. In last 6 years, from March 2020 to June 2026, the median investor age in the country has fallen from 38 years to 33 years, while the share of investors below 30 has jumped … Read more
For gold, from a technical standpoint, the 8-period EMA continues to trade above the 21-period EMA, Gold price prediction today: The technical structure for gold is bullish and prices are expected to go up, says Jateen Trivedi, VP Research Analyst – Commodity and Currency, LKP Securities.MCX Gold October futures continue to trade with a positive … Read more
Rupee slips to 95.28 against US dollar as oil, Treasury yields remain elevated Rupee began Friday in red, falling 6 paise to 95.28 against the US dollar in early trade as a firmer greenback and higher US Treasury yields put pressure on the currency.The currency began the session at 95.27 at the interbank foreign exchange … Read more
Union finance minister Nirmala Sitharaman speaking during the Monsoon session of Parliament Finance minister Nirmala Sitharaman on Thursday pushed back Congress leader Jairam Ramesh’s claims that ordinary people could end up paying more for using the Unified Payments Interface (UPI), clarifying that any Merchant Discount Rate (MDR) on digital transactions would be levied on merchants … Read more
Benchmark equity indices ended on a mixed note in the previous trading session, with BSE Sensex outperforming NSE Nifty as buying in heavyweight stocks offset broader caution. The 30-share Sensex climbed 373.76 points, or 0.48%, to settle at 78,954.76 after remaining in positive territory throughout the day. Meanwhile, Nifty 50 traded in a narrow range … Read more
Government is likely to permit banks and payment service providers to levy a merchant discount rate of between 0.25% and 0.4% on UPI transactions exceeding Rs 2,000. In a step closer to possibly introducing Merchant Discount Rate (MDR) on UPI transactions, the Lok Sabha on Thursday approved a Bill amending the Payment and Settlement Systems … Read more