While UPI has undeniable potential to replicate its success overseas, strategic planning and concerted efforts are required
In today’s edition of Moneycontrol Pro Panorama: India-UAE deal a step towards internationalising rupee, is generative AI just a hype in tech sector, dollar index has an interesting story to tell, and more
India and UAE using their own local currencies – rupee and dirham – to pay for imports and exports is a bold shift away from the dollar. Dirham’s strength and Indian economy’s size allows both currencies to proceed on equal terms. Such isolated shifts won’t worry the US, but not so if the club of countries using their local currencies to trade were to grow
Microsoft, OpenAI and Cohere experiment with “synthetic data,” as they reach the limits of information created by humans
The Kremlin was bruised, while Iran and Venezuela have benefited
Using frozen Russian reserves to pay for Ukraine’s reconstruction is tempting — but misguided
A reading below 100 has coincided with the bullish phase in most emerging markets.
India’s policymakers are positioning the INR as an alternative currency for international transactions. They are using two strategies to further this cause
After spending money on new apartment blocks, transport infrastructure, energy-generation plants and industrial parks to pump-prime the economy, industrial equipment used to make semiconductors, solar cells and electric vehicles could be China's new mechanism for driving GDP even if these remain idle due to low demand
Donald Trump and his allies are pledging to remake the presidency if he is elected again, giving him and the office more authority than it has ever had and certainly far more than the framers of the US Constitution envisioned
From emerging out of AK Antony’s shadow to becoming one of the most popular chief ministers to serve Kerala, the Congress party has lost its tallest leader in the state with Oommen Chandy’s passing. It was his comfort in being in the midst of people all the time that marked him out as a politician and public servant
IT services companies that fail to invest in generative AI capabilities will be left behind and the ones that can adapt will take a larger pie of the budgets allocated for generative AI initiatives by enterprises
Those who cried wolf over PMLA’s net extending to GST have not only misread its intention, worse they may end up diverting attention from a long due reform of the anti-money laundering law
Rather than trying to slow the WFH trend, employers should focus on how best to manage far-flung workers
Net asset value financing adds new layer of debt amid surging borrowing costs
Young working adults are being forced to consider purchase as rental housing stock falls drastically. The demand is greater at the lower levels but new supply is still a way off
In today’s edition of Moneycontrol Pro Panorama: AI is helpful but not bereft of dangers, sovereign gold bonds investors' first choice, rising consumer sentiment a bright spot, Opposition playing catch up with NDA, and more
Britain’s money police are homing in on what finance firms, celebrities and finfluencers are touting on social media
A huge range of talent — from chefs to nannies to accountants — are being hired by the wealthy and managed by their family offices
Pakistan’s troubles in Balochistan are now being compounded by the incursions of the Tehrik-e-Taliban Pakistan. The TTP is now reaching out beyond the Pashtun-majority parts of the province to those areas dominated by the Balochs, though they have so far remained cold to the terror group’s overtures
Sustainable finance is a process of taking due account of ESG considerations when making investment decisions in the financial sector, leading to increased investments into sustainable economic activities and projects
Despite a magnificent legacy from its industrial and imperial past and a handful of elite universities and companies that keep Britain on the cutting-edge of new technologies such as AI and vaccines, the wealth is highly concentrated among a tiny elite. Real household income hasn’t increased for the past 15 years. The average UK household is 20% poorer than its peers in northwestern Europe.
A large US Department of Defense grant to a startup developing North America’s largest deposit of graphite signals a major US foray into battery manufacturing. Graphite is the single biggest ingredient by weight in the batteries that go into EVs and the power grid, far ahead of lithium, but China dominates the processing capacity to produce battery-grade graphite
It raises risk of economic stagnation, further exacerbating the current inflation and interest rate predicament
FY24’s first SGB issue raised Rs 4604 crore, indicating how popular this instrument has become among investors seeking diversification