RBI report calls for steps to boost finances of panchayats
The report noted that around 95% of the PRI revenues are in the form of grants from the Centre and states, restricting their spending ability that is already hampered by
Economy
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Economy
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Govt spends on rural connectivity to be all-time high in FY24
An increase in disbursement from USOF can be attributed to BSNL’s Rs 30,000 crore 4G saturation project to connect about 30,000 villages. After failing to meet the Budget target to
Economy
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El Nino conditions to turn ‘neutral’ before monsoon: IMD
Mrutyunjay Mohapatra,Director General, India Meteorological Department, however, said there are several other parameters which could influence the monsoon. Amid concerns over the absence of snowfall and rains over the hills
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Stock Market
Tesla CEO Musk: Chinese EV firms will ‘demolish’ rivals without trade barriers
By Abhirup Roy SAN FRANCISCO (Reuters) – Tesla (NASDAQ:TSLA) CEO Elon Musk said on Wednesday that Chinese automakers will “demolish” global rivals without trade barriers, underscoring the heat the U.S.
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Stock Market
Tesla warns of slowing growth before new model launch next year
By Hyunjoo Jin and Akash Sriram (Reuters) -Tesla expects to start production of its next-generation electric vehicle at its Texas factory in the second half of 2025, Chief Executive Elon
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Stock Market
Nokia Q4 profit beats expectations, forecasts demand recovery in second half
STOCKHOLM (Reuters) – Nokia (HE:NOKIA)’s fourth-quarter operating profit beat expectations on Thursday despite weak sales of 5G equipment as the Finnish telecom gear maker kept a tight lid on costs,
Commodities
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Oil edges up 1% on big US crude withdrawal, China stimulus
By Scott DiSavino NEW YORK (Reuters) – Oil prices edged up about 1% on Wednesday on a bigger-than-expected U.S. crude storage withdrawal, a slump in U.S. crude output, Chinese economic stimulus, geopolitical
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DePins: Where Blockchain Meets AI
DePins are protocols based on blockchains which, in an open or decentralised manner – construct, operate, and maintain digital infrastructures in the real world. Render, Theta Network, Ator Protocol are
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Technology
Tesla will start making new EV model in second half of 2025
The EV maker also warned of “notably lower” sales growth this year as it focuses on the new vehicle on the back of shrinking fourth-quarter gross margin. Tesla expects to
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Technology
Microsoft adds ChatGPT powered GPTs to free version of Copilot
Microsoft is reportedly bringing Copilot GPTs to the free version of the AI powered chatbot. Moreover, these GPTs might be accessible to those without a Microsoft account. Microsoft seems to