MUMBAI — The rupee fell 1 paisa to a new lifetime low of 84.39 against the US dollar on Tuesday as persistent foreign fund outflows and a strengthening greenback against major crosses overseas dented investor sentiments. Forex traders said the rupee is likely to trade between 83.80 and 84.50 in the medium term, with the […]
LEH — The Indian Space Research Organisation (ISRO) on Friday announced the launch of India’s first analog space mission, which commenced in Leh, Ladakh. This mission, led by ISRO’s Human Spaceflight Centre, has been developed in partnership with AAKA Space Studio, the University of Ladakh, IIT Bombay, and supported by the Ladakh Autonomous Hill Development […]
NEW DELHI — State-run telecom firm BSNL will complete the rollout of indigenously developed 4G technology through 1 lakh base stations by May next year and thereafter switch to 5G network by June 2025, Union Telecom Minister Jyotiraditya Scindia said on Monday. While speaking at the US-India Strategic Partnership Forum, Scindia said that India followed […]
SRINAGAR — In Kashmir, where gold has long symbolised prosperity and tradition, the middle class now faces a harsh reality. In just one week, gold prices have soared by Rs 4,000 per 10 grams, leaving many families struggling to afford the precious metal. With prices hitting Rs 77,500 per 10 grams, the surge threatens not […]
BENGALURU — India’s Paytm (PAYT.NS), opens new tab has received an approval from the finance ministry to invest in its payment services business, the fintech firm said on Wednesday. One 97 Communications, popularly known as Paytm, has been under the scrutiny of India’s banking regulator and financial crime-fighting agency after the central bank ordered it […]
PARIS — The founder of the Telegram messaging app, Pavel Durov, who had an arrest warrant issued against him, was detained by the French authorities at an airport outside Paris, CNN reported. Officers from France’s anti-fraud office, attached to French customs, took the French-Russian billionaire into custody on Saturday evening after he arrived at Bourget […]
SRINAGAR — J&K Bank on Saturday reported a 27 percent rise in net profit to Rs 415 crore in the April-June quarter of 2024-25 compared to the year-ago period. The bank had posted a net profit of Rs 326 crore in the April-June period of the previous year. Total income in the first quarter of […]
SAN FRANCISCO — ChatGPT maker OpenAI has announced its foray into the search market dominated by Google, with launching SearchGPT which is an AI-powered search engine offering real-time access to information across the web. The Sam Altman-run company said it is testing SearchGPT, “a temporary prototype of new AI search features that give you fast […]
SRINAGAR — J&K Bank has been recognized for its outstanding contributions in two critical areas, receiving the ‘Outstanding Performance Award’ for agriculture financing at the 15th Agriculture Leadership Conclave and the ‘Award of Excellence’ for enrolling the maximum number of APY beneficiaries under the ‘Mission Upgrade’ campaign of the Pension Fund Regulatory & Development Authority […]
NEW DELHI — Exhibiting remarkable performance, gold rose by 12 per cent year-to-date, outpacing most major asset classes, the World Gold Council said in its Gold Mid-Year Outlook 2024. It noted that the surge has been driven by continued central bank buying, robust Asian investment flows, resilient consumer demand, and ongoing geopolitical uncertainties. Looking ahead, […]