Tuesday, February 11

Tag: India

USD/INR holds steady as traders brace for RBI rate decision
Business

USD/INR holds steady as traders brace for RBI rate decision

The Indian Rupee recovers in Friday’s early European session.  RBI’s MPC cut the repo rate by 25 bps to 6.25% in the February meeting on Friday. Rising RBI rate cut bets, weakness of Asian peers and uncertainties could undermine the INR.  The US labour market data for January will be closely watched later on Friday.  The Indian Rupee (INR) rebounds after falling to a fresh all-time low in the previous session. The Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) decided to cut the policy repo rate by 25 basis points (bps) to 6.25% for the first time in nearly five years.  The local currency remains vulnerable amid a broader decline among Asian currencies, the uncertainties surrounding US trade tariffs and continued portfolio outflows. Nonetheless, the routine intervention...
Swedish commission delivers roadmap to drive artificial intelligence reforms
Artificial Intelligence

Swedish commission delivers roadmap to drive artificial intelligence reforms

Sweden is poised to regain its status as the frontier Nordic nation for next-generation technology development, following the government’s endorsement of a strategic roadmap and a €1.5bn increase in spending on artificial intelligence (AI). Increased state support for AI follows the release of a landmark report, produced by a government-appointed commission, that sounded the alarm of the risks attached to the country falling further behind China, India and the US in the so-called “AI race”. The commission’s AI roadmap for Sweden (AI-RFS) report underlines the critical need for the country to scale-up state partnerships with the private sector. A standout message in the report warned that Sweden risked being left behind in the AI race if the government failed to “act urgently to bridge ...
Opposition lawmakers protest alleged mistreatment of Indian deportees by U.S.
General

Opposition lawmakers protest alleged mistreatment of Indian deportees by U.S.

NEW DELHI — India’s Parliament was disrupted Thursday as opposition lawmakers protested the alleged mistreatment of 104 Indian immigrants deported by the United States.A U.S. military plane carrying Indian migrants arrived Wednesday in a northern Indian city, the first such flight to the country as part of a crackdown ordered by President Donald Trump’s administration.Renuka Chowdhury, a lawmaker in the Congress party, said the deportees were “handcuffed, had their legs chained and even struggled to use the washroom.” Her colleague, Gaurav Gogoi, called it “degrading.”Parliament adjourned as the opposition chanted slogans and demanded a discussion about flights.The protests mirrored concerns after a contentious deportation flight to Brazil on Jan. 25 prompted that country’s government to s...
India expands Aadhaar authentication for businesses, raising privacy concerns
Technology

India expands Aadhaar authentication for businesses, raising privacy concerns

India has eased restrictions on its Aadhaar authentication service, a digital identity verification framework linked to the biometrics of more than 1.4 billion people, to let businesses, including those offering services such as e-commerce, travel, hospitality, and healthcare, use the verification system to authenticate their customers. The update has raised privacy concerns as New Delhi has yet to define the guardrails it would consider to avoid misuse of individuals’ biometric IDs. On Friday, the Indian IT ministry introduced the Aadhaar Authentication for Good Governance (Social Welfare, Innovation, Knowledge) Amendment Rules, 2025 to amend the legislation introduced in 2020 as a consequence of a Supreme Court judgment that restricted the access of private entities seeking Aadhaar data...
Indian tech giant Tata Technologies hit by ransomware attack
Technology

Indian tech giant Tata Technologies hit by ransomware attack

Tata Technologies Ltd. had to suspend some of its IT services following a ransomware attack that impacted the company network. A subsidiary of Tata Motors, Tata Technologies is an Indian public multinational tech firm that focuses on automotive design, aerospace engineering, and R&D engineering in general. It is one of India’s key tech developers and state project contractors, employs over 11,000 people, has an annual revenue of $600 million, and operates 18 locations in India, North America, Europe, and Asia-Pacific. The company says in a notification today to India's national stock exchange that the ransomware attack that has temporarily affected IT assets that now have been restored. Client delivery services remained fully operational through the cyberattack, though, causing no impa...
India consists of increasing stars in FIH Pro League probables after outstanding domestic efficiencies
Business

India consists of increasing stars in FIH Pro League probables after outstanding domestic efficiencies

HomeSports NewsIndia consists of increasing stars in FIH Pro League probables after outstanding domestic efficienciesAmongst those consisted of in the list of 32 senior probables for the very first time are goalkeeper Princedeep Singh, protector Yashdeep Siwach, midfielders Rabichandra Singh and Rajinder Singh, and forwards Angad Bir Singh, Uttam Singh and Arshdeep Singh.By CNBCTV18January 31, 2025, 12:12:54 AM IST (Published)India on Thursday consisted of more than half-a-dozen young gamers in the long list of probables for the upcoming FIH Pro League, based upon their efficiency in the Hockey India League and junior-level competitors. Amongst those consisted of in the list of 32 senior probables for the very first time are goalkeeper Princedeep Singh, protector Yashdeep Siwach, midfield...
India to get world’s biggest information center in AI push
Business

India to get world’s biggest information center in AI push

Homepage > News > Company > India to get world's biggest information center in AI push India is anticipated to get the world's biggest information center by capability, a relocation seen to considerably improve the advancement of expert system (AI). Information centers are important for AI as they provide the enormous computing power, storage capability, and high-speed networking needed to train and run advanced AI designs. Billionaire Mukesh Ambani's Reliance Group is apparently purchasing Nvidia's (NASDAQ: NVDA) AI semiconductors and establishing an information center in Jamnagar, a town situated in Prime Minister N...
10 Vacation Mishaps That Could Be Turned Into Hollywood Dramas
Entertainment

10 Vacation Mishaps That Could Be Turned Into Hollywood Dramas

Vacations do not constantly go as prepared, and in some cases, they take a turn so remarkable they feel right out of a Hollywood film. From unforeseen travel errors to stunning discoveries, these memorable accidents are cringe-worthy, cinematic, and definitely academic if you are preparing to take a trip anytime quickly."Arrived in Mozambique with just South African Rand. I believed I 'd be able to withdraw some money from an ATM or spend for the visa on arrival with card, however for some factor my card wasn't working. I could not enter the nation due to the fact that I didn't have the appropriate currency to spend for the visa, and my cards weren't working to withdraw any money. Fortunately a kind individual behind me used to spend for my visa and I had the ability to enter contact with ...
Midday for Somerset amidst danger of pitch charge
Sport

Midday for Somerset amidst danger of pitch charge

Middlesex 18 for 3 path Somerset 236 (Byrom 56, Patel 7-81) Somerset's gamble on producing a turning surface area might backfire after a remarkable day in Taunton ended with authorities thinking about whether the pitch was suitable for first-rate cricket.While Somerset, entering into the encounter 16 points behind Middlesex and desperate for a success to protect their Division One status, ended the day relatively well-placed in regards to the match scenario, they will understand that the possibility of a points reduction might see them relegated even if they win.Wayne Noon, the ECB's Cricket Liaison Officer at this match, would state just that he would "sleep on the concern" and keep track of how the pitch acts on the 2nd day, however a Middlesex spokesperson verified that they club have a...
Trump Just Handed Steve Bannon a Big Weapon in His War With Elon Musk
General

Trump Just Handed Steve Bannon a Big Weapon in His War With Elon Musk

Republicans might not understand it yet, however they're in the procedure of handing Steve Bannon an effective weapon to wield in his war with Elon Musk over visas given to high-skilled immigrants. This might even more divide the MAGA union over migration-- and terribly hassle Musk, who is attempting to secure those visas from a relentless attack being waged by Bannon and his allies.The weapon in concern, it ends up, is buried in the Laken Riley Act, the questionable costs that would mandate the detention of undocumented immigrants implicated of small nonviolent criminal offenses. Another arrangement in the costs-- which the Senate advanced in a crucial procedural vote Friday with Trump's implied true blessing, putting it on track to end up being law-- would license state chief law officer...