AI major Anthropic is set to open its second Asian office in Bengaluru by early 2026, driven by surging global demand for its models, especially from India. The move aligns with plans to significantly boost its international workforce and applied AI team.
British Prime Minister Keir Starmer is pushing for the swift implementation of the India-UK Free Trade Agreement, calling it a significant post-Brexit achievement. He highlighted the immense opportunities for both nations, emphasizing that the deal is a ‘launchpad’ for future economic cooperation. Starmer’s visit with a large delegation aims to maximize the benefits of this…
The DGGI has issued a notice to Infosys for allegedly claiming ₹414.88 crore in improper ITC refunds for services exported between 2018-19 and 2023-24. The investigation suggests the IT giant included services from foreign branches and subcontractors in its zero-rated export turnover, leading to excessive refund claims.
Asian markets mostly dipped Wednesday, mirroring Wall Street’s first decline in eight sessions, as gold hit a new record high. Hong Kong and Taiwan saw losses, while Japan’s Nikkei also traded lower. The yen weakened against the dollar on expectations of continued low interest rates in Japan. US futures and oil prices, however, edged up.
Gold price prediction today: Gold prices are poised for further gains ahead of Diwali, driven by investor demand for safe-haven assets amid US economic uncertainty and expectations of Fed rate cuts. India’s robust gold imports, defying record prices, are bolstering the precious metal’s rally, with strong retail demand anticipated during the festive season.
Stock market today: Nifty50 and BSE Sensex, the Indian equity benchmark indices, opened in green on Wednesday. While Nifty50 was above 25,100, BSE Sensex was near the 82,00 mark.
Perfios and NeSL have joined forces. They will use AI and smart data to spot early signs of loan repayment trouble. This partnership aims to make lending safer and faster for banks. It will help reduce defaults and increase credit access. Lenders can now perform deeper checks and get early warnings.
Stock market recommendations: Anand Rathi’s Mehul Kothari recommends Schaeffler India, SPIC, and Datamatics for potential gains. Schaeffler India shows a range breakout with momentum, SPIC signals a trend reversal after a correction, and Datamatics is forming a double bottom with Ichimoku support, suggesting an upside.
