The ministry of statistics and programme implementation released a new series of national accounts with 2022–23 as the base year, replacing the 2011–12 series. The revision incorporates fresh data sources such as GST, PFMS and e-Vahan, introduces double deflation in key sectors, and relies on annual surveys for improved household estimates.■ What is a base […]
OpenAI CEO Sam Altman finalises deal with US government amid Trump’s war with Anthropic
OpenAI chief executive Sam Altman on Saturday announced that the company has finalised an agreement with the Department of War to deploy its AI models within the department’s classified network. The development comes at a time when US President Donald Trump has banned every federal agency from using Anthropic.In a post on X, Altman wrote, […]
Trump Anthropic: Anthropic to challenge Pentagon in court, hours after Trump orders ban on AI firm
Artificial intelligence firm Anthropic said on Friday (local time) that it will challenge Pentagon’s decision to classify the company as a supply-chain risk in court, according to a Reuters report. This comes hours after US President Donald Trump directed federal agencies to stop using the firm’s technology. Trump had ordered every federal department to “immediately” […]
New GDP series raises growth projection for FY26 to 7.6%
NEW DELHI: India’s economy is estimated to grow at 7.6% in 2025-26, led by manufacturing and services as the country’s statistics office released revised data series with a new base year of 2022-23.The message from the revised numbers is that the economy has remained resilient against the backdrop of trade and geopolitical tensions, and India […]
UAE makes history: Central Bank launches world’s first sovereign financial cloud with AI for secure digital finance
Game-Changer for Global Finance? UAE Unveils World’s First AI-Powered Sovereign Cloud to Guard Banks and Data In a bold leap that could redefine how modern financial systems operate, the Central Bank of the United Arab Emirates (CBUAE) has announced the launch of what it calls the world’s first sovereign financial cloud services infrastructure, a secure […]
Stock market today: Which are top 10 gainers and losers on NSE & BSE on February 27? Check list
Benchmark equity indices Sensex and Nifty fell more than 1 per cent on Friday as fresh foreign fund outflows and weak global cues weighed on investor sentiment amid rising geopolitical tensions.The 30-share BSE Sensex plunged 961.42 points, or 1.17 per cent, to close at 81,287.19. During the session, the index dropped as much as 1,089.46 […]
New GDP series: When will India become the fourth largest economy? CEA explains
Indian economy (AI image) India is the world’s fastest growing major economy – a feat it has consistently achieved for some time now. Based on the new GDP series, India’s economy grew at 7.8% in the third quarter of the current financial year, a marginal slowdown from 8.2% in the previous quarter, but above consensus […]
NBCC to redevelop DDA staff quarters in Delhi with Rs 775 crore project
State-owned NBCC (India) Ltd will redevelop Delhi Development Authority (DDA) staff quarters in two colonies in the national capital at an estimated cost of nearly Rs 775 crore, PTI reported.In a statement, NBCC said it has signed two separate Memorandums of Understanding (MoUs) with DDA for the comprehensive redevelopment of staff quarters located at Old […]
Immigrant engineer to Silicon Valley mentor: Indian American self-made millionaire reveals his ultimate success blueprint
How This Indian American Millionaire Broke Barriers And Is Now Teaching Others to Win At 80 years old, Kanwal Rekhi, a self-made Indian-American millionaire, Silicon Valley pioneer and mentor to thousands, has chronicled his remarkable rise and lifelong mission to empower others in a new book titled The Ground Breaker. The memoir, released on February […]
AI race: OpenAI raises $110 billion, valuation soars to $730 billion
OpenAI has secured a massive $110 billion funding round, valuing the ChatGPT maker at $730 billion, as the artificial intelligence company accelerates investments to meet rapidly expanding global demand for AI services.The investment — among the largest fundraising rounds in Silicon Valley history – includes $30 billion each from Japanese conglomerate SoftBank and chipmaker Nvidia, […]