Author: Junior Editor

[ad_1] ADB lowers GDP growth projection to 6.5% from 7% NEW DELHI: The Asian Development Bank (ADB) on Wednesday lowered India’s growth forecast for 2024-25 to 6.5% from the earlier 7%, citing lower-than-expected second quarter growth, driven by dampened manufacturing performance and lagging govt spending.The Manila-based multilateral agency also lowered growth projections for 2025-26 to 7% from earlier 7.2%. It said forecast for FY2025 has been reduced slightly due to lower-than-expected growth in private investment and housing demand, due to tight monetary policy aimed at combating inflation. Downside risks remain from geopolitical threats to supply chains and adverse weather conditions,…

[ad_1] BTIG forecasts positive start for restaurants in 2025, names Starbucks and Wingstop as top picksA Starbucks store in Manhattan, New York City, on July 16, 2024.Beata Zawrzel | Nurphoto | Getty ImagesThe restaurant industry may experience some gains in the beginning of 2025, and there are two names in particular that could be poised to benefit, according to BTIG.”We expect 2025 to start the same way 2024 ended, with modestly positive industry sales and a highly promotional environment intended to recapture customer traffic,” analyst Peter Saleh wrote. “In addition to traffic, we expect restaurant operators to continue battling for…

[ad_1] Google has made several minor adjustments to Gemini’s design on both the web interface and the Android app. While minor, these changes to the artificial intelligence (AI) chatbot will make it easier to use and display more relevant information. On the web, the text field has been redesigned, and certain icons have been repositioned. On the Android app, the model information is now shown and the Saved Info menu has been added. Saved Info was introduced to Gemini last month, and it allows the chatbot to remember information about the user.Google Gemini App Now Displays AI Model InformationThe website…

[ad_1] Image for representation purposes only. | Photo Credit: PRAKASH HASSAN Two children of parents hailing from Madhya Pradesh drowned in a well at a private estate in Koppa taluk on Tuesday (December 10, 2024) evening.Seema, 6, and Radhika, 2, were found dead in the well close to their place in the estate. The incident happened when their parents had gone to work in the estate.They had come from Madhya Pradesh to work in the estate.Suneeta found her daughters missing after she returned home from work in the evening. She and other workers looked for them. They found the bodies…

[ad_1] BEIJING, CHINA – SEPTEMBER 04: Buildings and vehicles are seen in the central business district during the rush hour on September 4, 2020 in Beijing, China.Zhang Qiao | Visual China Group | Getty ImagesAsia-Pacific markets were mixed Wednesday, after major Wall Street benchmarks declined ahead of key inflation data that could influence the Federal Reserve’s interest rate decision.China is reportedly kicking off its annual economic work conference on Wednesday to outline its economic policies and growth targets for next year.Hong Kong’s Hang Seng index reversed gains to trade 0.76% lower as of its final hour, while mainland China’s CSI…

[ad_1] Microsoft has rolled out its latest security updates as part of the December 2024 Patch Tuesday release, and users with Windows laptops and desktop computers should update their systems as soon as possible. According to the company’s release notes, the latest security updates fix a publicly disclosed, actively exploited zero-day vulnerability. It also includes fixes for 30 remote code execution vulnerabilities — of these, 16 are designated as critical — and 41 other security flaws related to operating system components.Microsoft Fixes Zero-Day Vulnerability Discovered by CrowdstrikeThe security updates rolled out by Microsoft on Tuesday (via BleepingComputer) include a fix…

USIBC Signs MOU With Government Of Telangana, Hosts AI And GCC Industry Roundtable  The U.S. Chamber of Commerce’s U.S. India Business Council Global Private Limited (USIBC GPL) and the Department of Information Technology, Electronics & Communications (IT E&C), Government of Telangana, signed a Memorandum of Understanding (MOU) to bolster U.S.-India collaboration and partnership in technological innovation. The MOU was signed in the presence of Chief Guest, Honourable Minister for Information Technology (IT), Electronics & Communications (E&C), Industries & Commerce (I&C), and Legislative Affairs, Shri D Sridhar Babu and Special Chief Secretary to the Government of Telangana for IT E&C and…

[ad_1] MUMBAI: Stocks and bond markets could expect a straight-talking new RBI governor who is focussed on growth and faster technology adoption by banks. However, brokerages are divided if Sanjay Malhotra, the incoming RBI chief, would go for a faster easing of interest rates.According to a report by Goldman Sachs, Malhotra’s expertise in taxation has played a key role in shaping direct and indirect tax policies. Analysts at the global financial major feel that Malhotra is expected to use those skills to influence RBI’s monetary stance when there is heightened global uncertainty.According to Bank of America (BofA), the RBI chief…

[ad_1] A continued rally appears ‘path of least resistance’ for year-end 2024, says BarclaysThe market may likely see more upside over the coming weeks, according to Barclays.”Momentum seems so strong that a continued rally seems the path of least resistance for the rest of 2024,” analyst Ajay Rajadhyaksha wrote in a note this week.Rajadhyaksha also said that bond markets are expected to be “range-bound,” given that investors are awaiting more details on President-elect Donald Trump’s policies.— Sean ConlonS&P 500 is doing something unusual, BTIG analysis showsThe S&P 500 has had more declining than advancing stocks in each of the last…

[ad_1] Lodged in a Raipur jail, 44-year-old Animesh Mandal, a Deputy Superintendent of Police-rank officer in the IB, was arrested on November 14 by the Raipur police. Representational file image. The arrest of an Intelligence Bureau (IB) officer for allegedly raising a false alarm about a bomb on a flight that led to its emergency landing in Raipur in November has spotlighted the lack of a notified special court to hear cases related to civil aviation security in Chhattisgarh. Lodged in a Raipur jail, 44-year-old Animesh Mandal, a Deputy Superintendent of Police-rank officer in the IB, was arrested on November 14 by…