State-run oil marketing companies (OMCs) are still losing ₹750 crore a day on the sale of auto fuels and cooking gas even after petrol and diesel rates were raised by ₹3 per litre each on Friday, a government official said, offering no comment on further hikes of fuel rates. Petrol and Diesel Prices Hiked Again…
Absolute shambles to close the Musk v. Altman trial, with the judge ruling that Elon Musk took far too long to sue OpenAI and CEO Sam Altman over an alleged violation of an agreement to run OpenAI, which started out as a not-for-profit and later pivoted business models. The court ruled that Musk’s claims of…
New Delhi: India has become one of the fastest-growing markets for AI-generated visuals, with users creating more than one billion images using ChatGPT Images 2.0 within weeks of its rollout, according to OpenAI chief executive Sam Altman.Sharing the update on X, Altman said it was “awesome to see” the scale at which Indian users were…
Bhubaneswar: SEBI chairman Tuhin Kanta Pandey on Monday said volatility triggered by the ongoing West Asia crisis remains within manageable limits for Indian markets, which he described as “resilient”.“The sooner the crisis is resolved, the better for the rest of the world. However, I can say that Indian markets have remained quite resilient. Volatility has…
Separately, the group reached a settlement with the US Treasury Department over civil allegations linked to sanctions violations. Adani group stocks today: After the US Department of Justice withdrew all criminal allegations against billionaire Gautam Adani and his nephew Sagar Adani, shares of Adani group rallied on Tuesday. Stocks of several Adani Group firms, including…
Gold price prediction today: Gold prices are unlikely to rise too much unless crude oil prices come down for a longer term duration, says Praveen Singh, Head Currencies and Commodities, Mirae Asset ShareKhan. Source link
The government on Tuesday dismissed rumours suggesting that it is planning to monetise gold held by temples and religious institutions across the country. The clarification came after several social media posts and media reports claimed that the Centre was preparing to issue gold bonds to temples in exchange for their gold reserves. Responding to the…
NEW DELHI: Indian Oil Corporation, the country’s largest oil marketing company, Monday said that its net profit soared 2.8 times to Rs 36,802 crore during the last financial year, compared with Rs 12,962 crore a year ago, partly driven by inventory gains.During the Jan-March quarter, IndiaOil’s net profit jumped over 1.5 times to Rs 11,378…
Rupee continued its downward journey against the US dollar on Tuesday morning, falling 18 paise to 96.38 in early trade. This comes amid concerns around rising crude oil prices and ongoing Middle East tensions, that dragged down market sentiment.Since the Iran war began in late February, rupee has declined by more than 5%, trimming 2.2%…
Reduce Focus On Profits, Improve Transparency, Curb Misselling’Irdai has sought to link insurance company CEO salaries to customer outcomes, introduce clawbacks and increase transparency. This follows a study by the regulator which showed that CEO salaries were all over the place with key management at times accounting for a big chunk of the wage cost….
