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OpenAI CEO Praises India’s AI Growth, Predicts 10x Drop in AI Development Costs

OpenAI CEO Praises India’s AI Growth, Predicts 10x Drop in AI Development Costs

8 February 2025

OpenAI CEO Sam Altman, during his recent visit to New Delhi, praised India’s growing role in Artificial Intelligence (AI). He called India a major market for AI and highlighted its potential to become a global leader in the AI revolution. Altman acknowledged that India is OpenAI’s second-largest market and shared that the company had tripled …

USD/INR: Rupee Poised for Weekly Losses? Key Market Movers to Watch Next Week

USD/INR: Rupee Poised for Weekly Losses? Key Market Movers to Watch Next Week

7 February 2025

The Indian Rupee is expected to register weekly losses, driven by Trump tariff concerns. However, as of 3:15 PM on February 7, 2025, the rupee gained some respite, with the USD/INR pair trading at 87.378, down 0.24% against its previous close. The pair has been on a rising trajectory throughout the week but managed to …

Luxury Shopping Beyond Metros: How E-commerce is Redefining Shopping in Small-Town India

Luxury Shopping Beyond Metros: How E-commerce is Redefining Shopping in Small-Town India

7 February 2025

Luxury shopping is no longer confined to India’s major metropolitan cities. With the expansion of e-commerce, high-end brands are witnessing a surge in demand from smaller towns like Botad in Gujarat and Asansol in West Bengal. Consumers in these regions, previously overlooked by luxury retailers, are now actively purchasing premium products, marking a shift in …

EPFO Hits Milestone: Highest-Ever Claim Settlements Cross 5 Crore in FY2024-25

EPFO Hits Milestone: Highest-Ever Claim Settlements Cross 5 Crore in FY2024-25

7 February 2025

The Employees’ Provident Fund Organisation (EPFO) has achieved a historic milestone by settling over 5.08 crore claims in the financial year 2024-25, surpassing the 4.45 crore claims settled in the previous year. The total claim amount processed stands at ₹2,05,932.49 crore, marking a substantial increase from ₹1,82,838.28 crore in FY 2023-24. Union Minister of Labour …

Trade Facilitation in Focus: GST Amendments Proposed in Budget 2025-26

Trade Facilitation in Focus: GST Amendments Proposed in Budget 2025-26

7 February 2025

The Union Budget 2025-26, presented by the Union Minister for Finance and Corporate Affairs, Smt Nirmala Sitharaman, outlines several key amendments to the Goods and Services Tax (GST) laws. These changes aim to streamline trade processes, enhance compliance, and introduce new provisions related to taxation and penalties. Here is an overview of the major proposals. …

Union Budget 2025: ₹14,925.81 Crore Boost for Tribal Development to Drive Viksit Bharat

Union Budget 2025: ₹14,925.81 Crore Boost for Tribal Development to Drive Viksit Bharat

7 February 2025

India, home to over 10.45 crore Scheduled Tribe (ST) individuals—comprising 8.6% of the total population—boasts a rich and diverse tribal heritage. Despite their significant presence, many tribal communities remain in remote and inaccessible regions, facing socio-economic challenges. Recognising this, the government has consistently prioritised their development. Under the leadership of Prime Minister Shri Narendra Modi, …

Union Budget 2025: Sets the Stage for India’s Energy Future with Key Power Sector Reforms

Union Budget 2025: Sets the Stage for India’s Energy Future with Key Power Sector Reforms

7 February 2025

The Union Budget 2025-26 marks a transformative milestone for India’s power sector, with significant reforms aimed at driving growth and ensuring sustainable, resilient energy. Key initiatives focus on strengthening nuclear energy infrastructure, reducing reliance on conventional power sources, and boosting electric vehicle manufacturing. Power Sector Reforms for Sustainable Growth Union Minister Shri Manohar Lal highlighted …

RBI Cuts Repo Rate by 25 BPS: How Will This Affect Homebuyers?

RBI Cuts Repo Rate by 25 BPS: How Will This Affect Homebuyers?

7 February 2025

On February 7, 2025, the Reserve Bank of India (RBI) announced a 25-basis point reduction in the repo rate. This decision aims to make borrowing cheaper, which can help boost economic growth. The cut is expected to bring down loan interest rates, benefiting homebuyers and other borrowers. The move comes amid a slowing economy, lower …

RBI MPC Cuts Repo Rate by 25 Bps: How Did It Impact the Stock Market, Rupee?

RBI MPC Cuts Repo Rate by 25 Bps: How Did It Impact the Stock Market, Rupee?

7 February 2025

In a key move, the Reserve Bank of India Monetary Policy Committee decided to reduce the repo rate by 25 basis points, bringing it down to 6.25% from 6.50%, while maintaining a ‘Neutral’ stance. Following this decision, Indian stock market indices remained range-bound, swinging between gains and losses. The Monetary Policy Committee meeting, chaired by …

Union Budget 2025: What Tourism Sector Received?

Union Budget 2025: What Tourism Sector Received?

7 February 2025

India’s tourism sector, with its rich heritage, culture, and diversity, is emerging as a global favorite. The sector plays a crucial role in driving economic growth, and the government has recognized its potential for generating employment and development. India achieved a rank of 14th worldwide in global tourism receipts, receiving 1.8% of world tourism receipts …

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