BUSINESS
Amazon CEO says committed to invest $26 bn in India by 2030
Amazon has invested about $11 billion in India so far and has plans to invest nearly $15 billion more by 2030."Productive meeting with Prime Minister Narendra Modi. Discussed Amazon's commitment to invest $26 billion in India by 2030," Jassy tweeted after meeting PM Modi who concluded his three-day state visit.
Satya Nadella, PM Modi discuss how AI can help improves lives of Indians
Prime Minister Modi met Nadella and other key leaders at the White House in Washington, D.C., on Friday, along with a delegation of officials from India.While these conversations were private, one important topic was the power of technology, particularly Artificial Intelligence (AI), to help improve the lives of Indians.
Global markets slide on recession fears
Hong Kong's Hang Seng Index led the losses, closing 1.7 per cent down. Japan's Nikkei 225 ended the day 1.5 per cent lower and Australia's S&P/ASX 200 shed 1.3 per cent, CNN reported. Stock exchanges in mainland China were closed for a public holiday.
'This is the moment' to invest in India, Modi tells US biz
The Prime Minister said on Friday that this was the clear message from the technology handshake event at the White House earlier in the day in which he and President Joe Biden met leading CEOs from the US and India, which included Google's Sundar Pichai, Microsoft's Satya Nadella, OpenAI's Sam Alt.
India's forex reserves rise to $596.098 billion
The forex reserves had fallen $1.318 billion in the previous week. Also in the week ending June 16, foreign currency assets rose by $2.578 billion to $527.651 billion. During the week ending June 9, foreign currency assets had dipped by $1.128 billion.
Higher retail inflation has hit personal consumption expenditure: RBI bulletin
In its monthly bulletin for June 2023, released on Friday, it observed on the basis of national accounts data and corporate results, that rising retail inflation has slowed down personal consumption expenditure, which has resulted in scaling down of corporate sales and reduction in private investment towards capacity creation.
Government may consider reducing import duty on wheat to curb rising prices, says FCI Chairman
Food Corporation of India (FCI) Chairman Ashok Meena told media persons that to bring down wheat prices, there are several options available and if need arises, then import duty on wheat may also be reduced. There is 40 per cent import duty on wheat currently.
Twitter resumes paying Google Cloud pending bills under new CEO
According to the Wall Street Journal, she intervened to mend Google relationship and the micro-blogging platform is now paying for Google Cloud services. "Twitter Chief Executive Linda Yaccarino intervened to help repair the relationship between the social-media company and Alphabet's Google, after a payment issue," the report said, citing a person familiar with the matter.
'Gold prices may dip for correction in short term'
According to Saumil Gandhi, Senior Analyst - Commodities, HDFC Securities, prices of gold slightly recovered on Friday, with the spot gold price at Comex trading up by 0.17 per cent at $1,917 per ounce. The gold August future contract at MCX was trading up by 0.10 per cent at Rs 58,255 per 10 grams by noon.
Apple Pay on course to arrive in India soon after initial talks with NPCI
Sources told IANS on Friday that initial talks were done and the Cupertino-based iPhone maker may soon launch its Apple Pay services in India, a country which now sits at the top on the company's global map. The iPhone customers in the country may scan QR codes and perform unified payments interface (UPI) transactions the way they do with other digital payments apps, according to sources.
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