RBI’s clarification on the FCNR(B) Deposit Swap Scheme is being seen as materially positive for Indian banks, with brokerages saying that the FAQ meaningfully widens the usability of the scheme and improves the economics of foreign currency deposit mobilisation. Key clarifications from the RBI include allowing banks, including overseas branches, to lend against FCNR(B) deposits,…
Boris Cherny, the creator of Anthropic’s generative coding tool Claude Code, has admitted that letting AI write 100% of code is becoming ‘problematic’ for companies, even as he continues to champion AI’s transformative role in software development. According to a report by Business Insider, speaking at a fireside chat hosted by Scale AI, Cherny said…
DMK slams Vijay govt over arrest attempt of Gen Z leader NEW DELHI: The Dravida Munnetra Kazhagam (DMK) MP Kanimozhi on Wednesday strongly condemned the Vijay-led government’s “attempt to arrest its Gen Z wing coordinator, Anbananthan Ariyappan, during a late-night operation at his residence.“The actions of the police under the TVK government, who allegedly entered…
Neymar is set to return and is available for Brazil’s third and final FIFA World Cup group stage fixture against Scotland. But Brazil head coach Carlo Ancelotti didn’t reveal if the Santos attacker will be in action at the Miami Stadium. Neymar is set to feature against Scotland after recovering from an injury. (AFP) After…
Steve-O revealed he earned less than $1,500 after taxes for the entire first season of Jackass, despite becoming an overnight sensation.image credit (Steve-O Instagram) Steve-O earned less than $1,500 for his entire first season on the groundbreaking series that launched his career to international prominence, the 52-year-old stuntman has revealed. In a recent interview, Steve-O…
The Kospi index fell about 10% in the session, marking its worst day since March. Tuesday became the benchmark’s sixth-worst session on record, according to FactSet. The South Korean stock market’s outsized hit on Tuesday appears to be a short-term pullback rather than the start of a prolonged downturn, according to Morgan Stanley. Continue Reading…
Hyundai Motor India has been continuously testing the upcoming Hyundai Bayon SUV. This time around, the upcoming SUV has been spied alongside the Maruti Suzuki Victoris, giving us an idea of its proportions. The Bayon appears noticeably more compact than the 4.3-metre-long Victoris. Visual comparison also suggests a shorter wheelbase, while its alloy wheels seem…
Satellite image of Engels air base / Google earth Russia has begun construction of large protective shelters for its strategic bombers at Engels Air Base Satellite images obtained by The War Zone from Planet labs shows at least 17 oversized shelters under construction as of June 20.Located on the banks of Volga River in Russia’s…
New Delhi: PM Narendra Modi met NSAs and senior security officials from BRICS nations on Tuesday, highlighting the group’s enhanced role in tackling today’s global security challenges.During the interaction, PM Modi said BRICS is a key platform for strengthening security cooperation at a time of rapid global change. He called on member nations — Brazil,…
Omega block keeps Europe in the grip of dangerous heat A powerful weather pattern known as an “omega block” is helping sustain the intense heatwave sweeping across Western Europe, where temperatures have soared above 40°C and dozens of heat-related deaths have been reported, according to a Reuters report.As per meteorologists, the phenomenon is responsible for…
