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2025-01-28 01:00:00| The Economic Times

The Reserve Bank of India (RBI) announced measures to inject durable liquidity into the banking system, including a 60,000-crore bond purchase and a $5-billion USD/rupee swap auction. These actions are expected to ease liquidity conditions and raise the probability of a repo rate cut in February, providing relief to the banking sector amidst high liquidity deficit concerns.

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2025-01-28 00:52:36| The Economic Times

US tech stocks tanked on concerns over DeepSeek's latest R1 release, considered stiff competition for OpenAI's ChatGPT, Google Gemini, Claude and others. According to some reports, DeepSeek has overtaken ChatGPT and others as the top-rated free app on the Apple Store in the US, UK and China.

Category: News and Media

2025-01-28 00:50:58| Chicago Tribune news - Business

The U.S. Senate confirmed billionaire investor Scott Bessent on Monday to serve as President Donald Trumps treasury secretary, giving him the delicate balancing act of cutting taxes and curbing deficits while putting forward a plan on tariffs that doesnt jeopardize growth.

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