Nvidia’s newest Blackwell chips have significantly advanced the training of large artificial intelligence systems, dramatically reducing the number of chips needed to train massive language models, new data released Wednesday shows.The results, published by MLCommons, a nonprofit that issues benchmark performance results for AI systems, detail improvements across chips from Nvidia and Advanced Micro Devices…
Finance Commission chief Arvind Panagariya & UP cm Yogi Adityanath (PTI) Uttar Pradesh, despite having the second-lowest per capita income in the country, has emerged as one of the best-managed states financially, Chairman of the 16th Finance Commission Arvind Panagariya said on Wednesday.Speaking at a press conference at Lok Bhawan during the Commission’s visit to…
US President Donald Trump’s sweeping tax and spending legislation, now advancing through Congress, will cut taxes by $3.75 trillion but add $2.4 trillion to federal deficits over the next decade, according to a new analysis from the nonpartisan Congressional Budget Office (CBO) released Wednesday.The CBO also projects the bill would lead to 10.9 million more…
Dubai is set to expand its residential inventory with the delivery of 73,000 homes in 2025, taking the emirate closer to a total of 300,000 new units by the end of 2028, according to research from property consultancy Cavendish Maxwell.As reported by Arabian Business, Dubai recorded 42,000 property sales transactions valued at AED 114.4 billion…
US stock market today: Markets on Wall Street moved slightly higher in early trading on Wednesday as investors monitored the onset of President Donald Trump’s 50% tariffs on steel and aluminum imports. Meanwhile, U.S. and European trade officials met in Paris to negotiate a resolution to their ongoing tariff dispute.At the open, the Dow Jones…
Gold rate today: Gold prices rose by Rs 260 to Rs 99,260 per 10 grams in the national capital on Wednesday, tracking strong trends in the global market, according to the All India Sarafa Association.The price of gold with 99.5% purity also increased by Rs 100 to Rs 98,700 per 10 grams, inclusive of all…
The Indian rupee weakened for the second straight session on Wednesday, closing 29 paise lower at 85.90 (provisional) against the US dollar. The decline was driven by risk-averse investor sentiment, foreign fund outflows, and lingering geopolitical tensions.Forex traders attributed the rupee’s fall to concerns over the Russia-Ukraine conflict, elevated crude oil prices, and caution ahead…
The Mumbai-listed metals conglomerate, Vedanta Ltd, currently undergoing a revenue stream-wise demerger, is set to raise up to Rs 5,000 crore through a private placement of debt instruments with leading mutual funds, insurers, and alternative investment funds (AIFs), according to sources familiar with the development.The company will issue secured non-convertible debentures (NCDs) in two tenures,…
Shares of Ircon International Ltd soared nearly 14 percent on Wednesday following a flurry of new project wins and optimism around infrastructure-linked capital expenditure.At 2:47 pm, Ircon’s stock was trading at Rs 220.97, up Rs 27.03 or 13.94 percent for the day. The intraday high touched Rs 221.03, marking a strong recovery amid broader market…
The Reserve Bank of India’s Monetary Policy Committee (MPC) began its two-day meeting in Mumbai this week to review interest rates, while economists offer different views on how the central bank should proceed. Some economists, like Debopam Chaudhuri of the Piramal Group, argue that now is the right time for a more aggressive 50 basis…