The FinTech Hub
Source: Live Mint US President Donald Trump announced sweeping reciprocal tariffs on its trading partners on 2 April, a move aimed at reducing the country’s dependency on foreign products amid its ballooning trade deficit. Trump announced a 26% tariff on imports from India, effective 9 April. Companies in sectors such as apparels & textiles and…
Source: Live Mint Late on 25 March, the government announced that it was discontinuing the medium- and long-term government deposit under the Gold Monetization Scheme, 2015, with effect from the next morning. That meant gold tendered at testing centres and designated bank branches would not be accepted 26 March morning. However, existing deposits are to…
Source: Live Mint Gold and Silver prices today: Gold is priced at ₹89,330 per 10 grams (24 carat) on March 31, according to data on the Indian Bullion Association (IBA) at 7.20 am. Further, 22 carat gold is priced at ₹81,886/10 gms. Gold prices have remained increased over the past 24 hours. On the MCX…
Source: Live Mint The U.S. tariff disruption to the world has intensified. Following the imposition of an additional 10% tariff on Chinese imports in February, the rate was further increased by another 10% in March. Consequently, the average U.S. tariff on Chinese goods could reach 39%, marking a steady rise over the past eight years….
Source: Live Mint Indian Prime Minister Narendra Modi, in a podcast with MIT scientist and American podcaster Lex Fridman, said that artificial intelligence (AI) development around the world will remain incomplete without India’s contribution. “I speak openly from my heart. No matter what the world does with AI, it will remain incomplete without India. I’m…
Source: Live Mint India’s tourism sector has been on a recent high buoyed by three elements integral to Indian culture: religion, cricket, and music. To be more specific, the once-in-a-lifetime Maha Kumbh Mela; the Indian cricket team’s recent success, including the Champion Trophy title it won on Sunday; and concerts headlined by the likes of…
Source: Live Mint Travellers to Dubai have long bought gold from the middle-eastern destination as the yellow metal costs less there than in India. Especially for Indians, who not only see gold as a safe haven investment, but buy it heavily for cultural reasons such as weddings, there is always an eye out for cheaper…
Source: Live Mint On Thursday, stock market bulls kept India’s benchmark indexes up for a second straight day following 10 straight sessions of battering. Foreign portfolio investors (FPIs) closed some of their short index futures positions the past two sessions, driving up the market. While the Nifty 50 gained 0.93% to end Thursday at 22,544.70…
Source: Live Mint Receiving an inheritance can be complex, especially if it involves cross-border transfers. Diya (name changed), a 60-year-old woman, found herself in a difficult situation when her father passed away in February 2023. She had dual US and Norway citizenship and an Overseas Citizen of India (OCI) card, and had been living in…
Source: Live Mint Artificial intelligence (AI) and its applications cannot fully replace people, Nandan Nilekani believes. And that’s because “mechanistic” process is unable to replicate “uniquely human” qualities, the Infosys co-founder said. Speaking to Moneycontrol at an AIMA event, Nilekani stated that AI will never replace human skills such as collaboration, creativity, empathy and leadership…
