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Oil prices and world shares gain after Wall Street hits fresh records on strong corporate earnings

Oil prices and world shares gain after Wall Street hits fresh records on strong corporate earnings

Shares are higher in Europe and Asia after stocks on Wall Street rallied to records
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Spotify's Increased Marketing and AI Spending to Impact Profitability

Spotify's Increased Marketing and AI Spending to Impact Profitability

Spotify's Increased Marketing and AI Spending to Impact Profitability
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Spotify's higher spending on marketing, AI features to hit profit

Spotify's higher spending on marketing, AI features to hit profit

By Jaspreet Singh Aug 4 (Reuters) - Spotify said higher marketing and development costs would hurt its profit in the current quarter as the Swedish music-streaming giant bets heavily on features powered by AI to attract users.
Reuters Reuters
India's central bank holds rates, awaits clearer inflation signal before acting

India's central bank holds rates, awaits clearer inflation signal before acting

By Jaspreet Kalra and Abinaya V MUMBAI, Aug 5 (Reuters) - The Reserve Bank of India kept its policy repo rate unchanged at 5.25% on Wednesday, as it awaits data to judge if higher oil prices are stoking inflationary pressures across Asia's third largest economy.
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Indian EV Startup River Secures $120M to Expand Production and Models

Indian EV Startup River Secures $120M to Expand Production and Models

Indian EV Startup River Secures $120M to Expand Production and Models
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India to Ease Offshore Fund Disclosure Rules Amid Investor Concerns

India to Ease Offshore Fund Disclosure Rules Amid Investor Concerns

India to Ease Offshore Fund Disclosure Rules Amid Investor Concerns
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India Implements Social Media Rules to Combat Deepfakes

India Implements Social Media Rules to Combat Deepfakes

India has introduced new social media rules to address the challenges posed by deepfakes, alongside supporting domestic detection research and enforcing criminal laws. The government has mandated platforms to identify and label AI-generated content and apply additional checks to user declarations about synthetic content. The Information Technology Act and the Bharatiya Nyaya Sanhita provide legal frameworks for addressing identity theft, online impersonation, and other harms caused by deepfakes. The government has also issued a standard operating procedure for non-consensual intimate imagery and conducted extensive cybersecurity awareness workshops.
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Parliamentary Panel Proposes New Framework for Foreign Companies to Re-domicile in India

Parliamentary Panel Proposes New Framework for Foreign Companies to Re-domicile in India

Parliamentary Panel Proposes New Framework for Foreign Companies to Re-domicile in India
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Arboreal Bioinnovations Secures $24M to Expand Yeast Protein and Sweetener Production in India

Arboreal Bioinnovations Secures $24M to Expand Yeast Protein and Sweetener Production in India

Arboreal Bioinnovations Secures $24M to Expand Yeast Protein and Sweetener Production in India
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World stocks are mixed as yen jumps against the dollar, while oil prices slip

World stocks are mixed as yen jumps against the dollar, while oil prices slip

World shares are mixed after the U.S. and Japan confirmed they jointly moved to prop up the value of the Japanese yen against the U.S. dollar
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AI and Tech Layoffs Drive H-1B Visa Holders to Constant Career Preparation

AI and Tech Layoffs Drive H-1B Visa Holders to Constant Career Preparation

AI and Tech Layoffs Drive H-1B Visa Holders to Constant Career Preparation
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Noel Tata Advocates for Increased Investment in Indian Education Sector

Noel Tata Advocates for Increased Investment in Indian Education Sector

Noel Tata Advocates for Increased Investment in Indian Education Sector