Nvidia CEO Jensen Huang said the company has secured approval from the Trump administration to begin selling its advanced H20 chips to China, paving the way for resumed exports of its AI hardware to a key international market.“The US government has assured Nvidia that licenses will be granted, and Nvidia hopes to start deliveries soon,”…
Insurance regulator Irdai has formed panels of whole-time members to look into violations of regulatory norms by insurers and intermediaries. A decision to this effect was taken at the 132nd meeting of the Insurance Regulatory and Development Authority of India (Irdai), the regulator said in a release on Tuesday. “As part of enforcement function, to…
US stock markets opened mixed on Tuesday as a rally in technology shares led by Nvidia offset concerns over inflation and weaker-than-expected bank profitability. The S&P 500 inched up 0.2%, hovering near its record high from last week, while the Dow Jones Industrial Average slipped 88 points, or 0.2%. The tech-heavy Nasdaq gained 0.6%.Nvidia shares…
U.S. inflation climbed to 2.7% in June, marking the highest level since February, driven by rising costs for gas, food, and groceries. This increase reverses months of cooling inflation and exceeds May’s 2.4% rise. The inflation spike presents a political challenge and may deter the Federal Reserve from cutting interest rates. Inflation in the United…
JPMorgan Chase reported a second-quarter net profit of $14.2 billion on Tuesday, down from $18.3 billion a year ago, but ahead of Wall Street expectations. The bank posted adjusted earnings of $4.96 per share, surpassing analysts’ forecast of $4.48, although lower than the $6.12 per share it earned in Q2 2024.Total managed revenue stood at…
India has increased its oil refining capacity by only 5% over the past seven years, falling far short of the 69% growth that had been targeted for 2025. Factors such as uncertainty around future demand due to climate considerations, limited land availability, and disruptions from the COVID-19 pandemic have significantly slowed expansion efforts. This shortfall…
The government has tentatively selected 10 old or decommissioned thermal power plant sites across different states for potential conversion into nuclear power facilities. This initiative is part of the Centre’s broader plan to scale up nuclear energy capacity to 100 GW up from the current 8.8 GW by 2047. The selection is still at a…
India’s merchandise trade deficit shrank to $18.78 billion in June, lower than both market expectations and the previous month’s gap, driven by a decline in both exports and imports, according to data released by the Ministry of Commerce & Industry on Tuesday.In a poll by Reuters, economists had pegged the June trade deficit at $22.24…
The 508 km bullet train route, with 352 kms in Gujarat and 156 kms in Maharashtra, is under construction. (AI image) India’s first bullet train project will use Japan’s latest E10 high-speed trains for operations, after initially testing the E5 series of trains. The E10 series of bullet trains are set for debut in Japan…
Analysts say silver is likely to do well because, unlike gold, it is used extensively in the industry. (AI image) NEW DELHI: Gold has been rallying for the past 2-3 years due to heightened geopolitical tensions across the globe. But silver has outshone the yellow metal in recent months, rising nearly 20% since 1 April…