New Delhi: Despite the digital revolution in finance, cryptocurrencies and ever-more complex financial markets, one of the world’s oldest assets remains at the heart of national economic policy. As uncertainty increases, central banks still resort to gold, not as a throwback to the past, but as a source of stability. This trend has become even more apparent in recent years. The world’s governments have been steadily buying up gold, as they have become more concerned about inflation, currency volatility and geopolitical tensions. The latest official gold holdings rankings reveal that the United States and Europe remain the two leading countries,…
Author: Riddhi Jain
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New Delhi: Expectations have as much impact as events in financial markets. Investor sentiment can flip from one extreme to the other before an agreement is actually signed, simply due to a policy change, a central bank cue, or even some diplomatic movement. That was evident as world markets surged high on the optimism that the United States and Iran could take a step towards easing tensions in West Asia. The Indian shares were the top performers. The BSE Sensex rose by 2.3% to cross 75,500, while the Nifty50 rose by over 460 points to close around 23,623. The rally…
New Delhi: For most people, even a billion dollars is difficult to imagine. At the trillion-dollar level, the number loses meaning. But in recent projections, it has been suggested that Elon Musk may become the world’s first trillionaire, sparking renewed interest in what a trillion dollars would be worth. This is not just one person getting richer than him before. It is also an indication of how wealth is generated in the modern world through technology, innovation, and global businesses that can expand beyond traditional industries. Musk has become one of the world’s wealthiest individuals thanks to his investments in…
Mumbai (Maharashtra) [India], June 13: As artificial intelligence becomes increasingly common in healthcare settings, MediSage AI advocates for clinical intelligence platforms built specifically for the realities of medical practice. Artificial intelligence is rapidly becoming part of everyday healthcare workflows. From reviewing medical literature and summarising information to supporting education and research, AI tools are increasingly being explored by healthcare professionals across the world. However, as adoption grows, industry experts are raising an important question: can general-purpose AI systems truly address the complex requirements of clinical medicine? According to MediSage AI, the future of healthcare technology lies not in adapting general AI tools…
New Delhi: The idea of India as a significant player in the global trade market has received a new lease of life thanks to a series of Free Trade Agreements (FTAs) that are reshaping India’s trade landscape. Such deals can substantially contribute to India’s aim of becoming a $1 trillion merchandise exporter by 2030, says a recent report from Yes Securities. The report comes at a time when global supply chains are undergoing significant changes. Businesses around the globe are seeking to shift manufacturing locations and diversify their geographic footprint. This change has given countries like India a chance to…
New Delhi: Changes in the armed forces’ leadership are often considered a regular bureaucratic practice and can be interpreted as just a transfer of command, but they are not. They represent continuity, institutional orientations, and changing issues of a nation’s defence establishment. The elevation of a new Army Chief is a matter of keen interest to policymakers, defense experts, and strategic commentators in India, where the military remains a key component of the country’s security planning. Lieutenant General Dhiraj Seth has been appointed the next Chief of the Army Staff (COAS) by the Government of India. Lt. Gen. Seth, who…
New Delhi: When people think about aviation risks, they often focus on take-offs, landings or turbulence during flight. However, a significant portion of aviation operations occurs on the ground, where aircraft, vehicles, infrastructure, and personnel must operate in a tightly coordinated environment. A recent incident involving a Turkish Airlines aircraft at Antalya Airport offers a reminder that even after a safe landing, operational risks remain. On June 11, a Turkish Airlines Boeing 777-300ER operating Flight TK2430 from Istanbul to Antalya was involved in an unusual ground accident after landing. While taxiing towards its assigned parking stand, the aircraft’s right wing…
New Delhi: The Defence Research and Development Organisation (DRDO) crossed a significant hurdle in India’s defence technology programme this week with the successful flight testing of its multi-layered Ballistic Missile Defence (BMD) system and a new anti-ship missile capability on June 10 and 11. The trials confirmed that India’s layered defence approach is appropriate to deal with threats from Long-Range Ballistic Missiles, DRDO and the Ministry of Defence said. In the tests, interceptor missiles successfully engaged and destroyed their targets, confirming the system’s effectiveness. Defence Minister Rajnath Singh said the successful demonstrations have put India in a league of its…
New Delhi: Passenger traffic has been buoyant across most routes in India’s aviation sector and continues to grow. However, for airlines, increased demand is not always a boon to their bottom line. Growing markets can still be challenging due to high fuel costs, fleet expenses, maintenance needs, and competitive market pricing. Against this backdrop, Air India Group has announced a major cancellation of its domestic operations, removing 14.63 lakh seats from its June schedule. The deal marks a 22% reduction in the airline group’s domestic network and comes as the airline reports a loss of ₹28,500 crore for FY26. With…
Bengaluru (Karnataka) [India], June 12: Everyone is racing to build smarter AI. Almost nobody is building the infrastructure to trust it. In the first quarter of 2024, Air Canada’s AI chatbot told a grieving passenger he could apply for a bereavement fare retroactively — a policy that did not exist. The airline was held liable. The case became a landmark in AI accountability. The chatbot was not undertrained. It was undertested. This is the quiet crisis at the centre of the global artificial intelligence boom. Organisations are deploying AI at unprecedented speed — into customer service, clinical decision support, fraud…
