Fourteen years after a takeover that critics dismissed as a costly gamble, SK Hynix has emerged as the biggest beneficiary of the artificial intelligence boom, overtaking Samsung Electronics to briefly become South Korea’s most valuable listed company, according to a Reuters report.The turnaround was driven by an early bet on high-bandwidth memory (HBM) chips, a…
The rupee strengthened by 10 paise to close at 94.45 against the US dollar on Thursday, supported by easing global crude oil prices, a positive domestic equity market and a marginally weaker US dollar, though foreign fund outflows capped further gains.At the interbank foreign exchange market, the rupee opened at 94.30 against the dollar and…
Centre has introduced a risk-based compliance mechanism to ease industry compliance with Quality Control Orders (QCOs), allowing eligible manufacturers to follow a simplified certification route while maintaining product quality and consumer protection. The Centre has introduced a risk-based compliance mechanism to ease industry compliance with Quality Control Orders (QCOs), allowing eligible manufacturers to follow a…
The trend sends a signal that global corporations increasingly view India as a major long-term growth market. (AI image) Global majors are lining up billions of dollars worth investment in India despite the global economic uncertainty around war and trade policies. Recent announcements by tech giants and other global companies indicate the rising importance of…
US stocks traded mixed on Thursday as a rally in artificial intelligence-linked chipmakers led by Micron Technology offset losses in Apple, which came under pressure after announcing price increases across several products US stocks traded mixed on Thursday as a rally in artificial intelligence-linked chipmakers led by Micron Technology offset losses in Apple, which came…
Experts see near-term volatility and decisions on rate hikes influencing the outlook of gold prices. (AI image) Gold prices have crashed around 30% from their all-time peaks seen in January this year. Silver is down more than 50%! At present, gold is trading at a seven month low in international markets.In January 2026, gold prices…
The Personal Consumption Expenditures (PCE) price index, the US Federal Reserve’s preferred inflation gauge, rose 4.1% in the 12 months through May, up from 3.8% in April, data released by the Commerce Department’s Bureau of Economic Analysis showed on Thursday. US inflation accelerated above the 4% mark for the first time in three years in…
Exports from the region are expected to reach about 2.4 million metric tonnes (508,000 barrels per day) this month, more than 20% higher than in May, according to Kpler and LSEG data cited by Reuters. However, shipments remain well below the pre-conflict monthly average of 5.5-6 million tonnes. Middle Eastern fuel oil exports are set…
Sensex Today Live: ‘Positive momentum likely’ “Indian equities are expected to regain their positive momentum, supported by renewed buying interest and lower energy prices. Brent crude is at near four-month levels, as vessel movement through the Strait of Hormuz is witnessing steady improvement. Additionally, the southwest monsoon has resumed its advance across the country, improving…
Subscribers will be able to withdraw their provident fund, and even transfer it directly to their bank accounts with the help of a UPI payment gateway. (AI image) Provident Fund withdrawals via ATMs, UPI, WhatsApp support, higher automatic settlement limits and more – the Employees Provident Fund Organisation has rolled out several steps aimed at…
