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Citi: India’s AI advantage needs better articulation

MUMBAI: Vis Raghavan, head of banking and executive vice chair of Citi, was in India for its annual India conference, which unites all businesses and 1,000 corporates. It is part of a global push to bring buy/sell side participants, policymakers, and decision-makers onto one platform. Raghavan is credited as a seasoned investment banker and dealmaker...
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Cramer says Marvell’s surge on Jensen Huang’s $1 trillion prediction is concerning. Here’s why

Key Points Jim Cramer said Marvell’ rally after Nvidia CEO Jensen Huang called it the “next trillion-dollar company” is concerning. While he remains bullish on Marvell and CEO Matt Murphy, he cautioned against chasing the growing euphoria around artificial intelligence stocks that surge without fundamental drivers. CNBC’s Jim Cramer said the sharp rally in Marvell...
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Nikkei, Kospi, Hang Seng, Sensex, Iran, oil

A stock broker at the Prudential Brokerage office follows the Hang Seng Index results in Hong Kong in March 2020. Sopa Images | Lightrocket | Getty Images Asia-Pacific markets opened higher Wednesday, with Japan’s Nikkei 225 hitting a record high, as investors appeared to look past uncertainty over U.S.-Iran negotiations aimed at ending the Middle...
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Government plans new indices to track informal mfg, services

NEW DELHI: Soon after the overhaul of index of industrial production (IIP) for the formal sector, govt machinery is preparing to enter the statistical blind spot of the vast informal economy. The statistics ministry is finalising plans to launch an entirely new index designed to measure monthly industrial production, specifically for the country’s vast informal...
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India, UK to narrow gaps to roll out trade deal

NEW DELHI: India and the UK on Tuesday agreed to resolve the gaps so that the bilateral trade agreement can be implemented at the earliest.Commerce and industry minister Piyush Goyal held talks with UK secretary of state for business and trade Peter Kyle on addressing the ticklish issues as India has concerns over the steel...
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Palo Alto CEO says customer meeting requests have surged amid AI security concerns

Palo Alto Networks CEO Nikesh Arora said artificial intelligence is making cybersecurity more important as increasingly sophisticated AI-powered attacks force companies to strengthen their defenses. “I think we declared the ‘SaaSpocalypse’ dead for cybersecurity officially,” Arora said on CNBC’s “Mad Money” on Tuesday, referencing investor concerns earlier this year that software-as-a-service, or SaaS, companies would...
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