UK steps up scrutiny of Apple and Google over mobile platforms

[ad_1] Britain on Wednesday told Apple and Google to be fairer in how they distribute apps on their mobile platforms, setting out possible interventions as it plans to designate the U.S. tech companies with strategic market status over their duopoly. The country’s competition regulator, which was given a wider remit this year to take on […]

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UK and ChatGPT maker OpenAI sign new strategic partnership

[ad_1] Britain and ChatGPT maker OpenAI have signed a new strategic partnership to deepen collaboration on AI security research and explore investing in British AI infrastructure, such as data centres, the government said on Monday. “AI will be fundamental in driving the change we need to see across the country – whether that’s in fixing […]

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S&P raises India’s FY26 GDP growth estimates to 6.5%

[ad_1] Photo used for representation purpose only., | Photo Credit: Getty Image/iStockphoto S&P Global Ratings on Tuesday (June 24, 2025) raised India’s GDP forecast for current fiscal to 6.5% assuming a normal monsoon, lower crude oil prices and monetary easing. S&P, also, flagged rising risks to the global economy due to the turbulence in the […]

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Arvind Panagariya cautions against cutting trade ties with China

[ad_1] Arvind Panagariya pointed out that even a large economy such as the U.S. has not been very successful with its sanctions either against China or even Russia. | Photo Credit: Shanker Chakravarty Amid demands for snapping trade ties with China for its transgressions on the border, former NITI Aayog Vice-Chairman Arvind Panagariya has opined […]

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S&P cuts India’s growth forecast to 7% for FY23

[ad_1] S&P projected inflation to average 6.8% in current fiscal year and RBI’s benchmark interest rate to rise to 6.25% by March 2023. S&P Global Ratings on November 28 cut India’s economic growth forecast for current fiscal year to 7%, but said the domestic demand-led economy will be less impacted by the global slowdown. S&P had in […]

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Fundamentals of economy is good; rupee is holding its ground, says Nirmala Sitharaman

[ad_1] Inflation is low compared to other parts of the world, says the Union Finance Minister Inflation is low compared to other parts of the world, says the Union Finance Minister Union Finance Minister Nirmala Sitharaman has said that the Indian rupee is holding ground at a time when dollar has strengthened, asserting that the […]

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Don’t burden utilities, pay for freebies from budgets, says FM Nirmala Sitharaman

[ad_1] The global situation continues to be challenging and it is not the right time to throw caution to the winds as yet, she said. The global situation continues to be challenging and it is not the right time to throw caution to the winds as yet, she said. Union Finance Minister Nirmala Sitharaman on […]

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Inflation pressures are expected to remain capped in coming months, says Finance Ministry

[ad_1] The ministry said it expects the manufacturing sector to pick up due to lower input costs and festive demand The ministry said it expects the manufacturing sector to pick up due to lower input costs and festive demand The sustained decline in crude oil price since June and the decline in the inflation rate […]

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Banks’ NPA ratio likely to fall to 5-5.55% by March 2024: S&P Global

[ad_1] S&P Global Ratings on Thursday said non-performing loans of banks are expected to decline to 5-5.5% of the total advances by March 2024. As per the latest Financial Stability Report published by the RBI, the gross non-performing assets (GNPA) declined to a six-year low of 5.9% in March 2022. “We project the banking sector’s […]

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