Tag: News

Reserve Bank of India to tolerate weaker rupee as inflows dry up, sources say

The central bank is indicating that it will intervene mostly to curb sharp volatility or on any signs of a speculative build-up but not...

Saudi Arabia to continue with expansionary spending in 2026 budget, says finance minister 

RIYADH: Saudi Finance Minister Mohammed Al-Jadaan confirmed on Wednesday that the government will maintain expansionary spending in the 2026 budget, emphasizing stability and medium-term...

Monsha’at leads Saudi companies on 5-day Silicon Valley tour

JEDDAH: A delegation from the Saudi Small and Medium Enterprises General Authority, or Monsha’at, continued its five-day tour of Silicon Valley in California, the...

Dubai gold prices drop ahead of Fed’s rate cut decision

24K gold price fell Dh1.25 per gram to Dh505.75 per gram on Thursday morning Gold prices in Dubai inched lower at the opening of the...

OpenAI agrees to acquire AI startup Neptune to boost model training capabilities

SynopsisOpenAI is acquiring Neptune, a startup that helps companies track AI model training. The deal value was not disclosed, but reports suggest it is...

UAE President meets Amazon’s Jeff Bezos to boost AI and tech cooperation

The American businessman commended the UAE’s forward-looking vision and its approach to embracing future technologies in ways that support society and development UAE President Sheikh...

Capital Group buys CarTrade Tech shares worth Rs 440 crore

SynopsisUS-based Capital Group, through its affiliate SmallCap World Fund, purchased more than 14.44 lakh equity shares, representing a 3.03% stake in Navi Mumbai-based CarTrade...

UAE banks set for stable 2026 amid geopolitical, oil-price risks

S&P’s average long-term rating for GCC banks is A-, slightly higher than last year after upgrades to several large banks in Saudi Arabia and...

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Info Edge commits Rs 250 crore to new B8 Fund I to back growth-stage tech startups in India

Info Edge has approved a commitment of up to...

Scoop confirmed: AI platform MeltPlan raises $10 million to make construction boring

MeltPlan, a pre-construction AI platform, today said it has...

Indian agentic AI startup Gushwork raises $9 million to expand engineering teams

Gushwork, an agentic AI startup raised a $9 million...

Nvidia forecasts upbeat sales on AI chip demand, talks up long-term prospects 

SAN FRANCISCO: Chipmaker Nvidia forecast first-quarter revenue above market estimates...

IIT Madras alumnus-founded deeptech startup Tattvam AI raises $1.7 million in funding

Tattvam AI, a deeptech startup building AI systems to...