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BusinessThe Reserve Bank of India announced that the final tally for the special 85-day FCNR (B) deposit scheme reached $133 billion as the scheme ended on August 31. Additionally, bank mobilization under the Overseas Foreign Currency Borrowing (OFCB) route has also slowed down following the scheme's closure.
The Hindu - Business Line·
AI startups are changing their demand patterns for Neocloud services by prioritizing burst capacity. This shift reflects the need for scalable, on-demand computing power to handle fluctuating workloads efficiently. The trend highlights how AI companies adapt their infrastructure requirements to optimize performance and cost-effectiveness in dynamic environments.
SiliconANGLE·
Zahara, the daughter of Angelina Jolie and Brad Pitt, has removed her father's surname from her name. This decision reflects a personal choice amid family circumstances. Zahara's action has drawn public attention, highlighting the complexities within the famous family. Angelina Jolie described the situation as a very sad truth.
Navbharat Times·
Geopolitical factors are increasingly influencing global supply chain strategies, moving beyond traditional globalization approaches. Companies are adapting to new risks and opportunities created by shifting international relations, trade policies, and regional conflicts. This shift affects how businesses manage logistics, sourcing, and risk mitigation in air cargo and other transport sectors.
Air Cargo Week·
Sandeep Yadav of DSP Mutual Fund stated that factors like geopolitics, crude oil prices, and global yields could drive the 10-year government securities (G-sec) yield beyond 7.25%. These influences are expected to impact the fixed income market, reflecting broader economic and international developments.
Fortune India·
A UN expert has called on Mozambique to adopt an integrated human rights vision to enhance climate resilience and promote international cooperation. The expert emphasized the need to avoid locking into fossil fuel dependency, urging sustainable development strategies that align with human rights principles to address climate challenges effectively.
ohchr·
The Hindu - Business Line·
The Reserve Bank of India announced that the final tally for the special 85-day FCNR (B) deposit scheme reached $133 billion as the scheme ended on August 31. Additionally, bank mobilization under the Overseas Foreign Currency Borrowing (OFCB) route has also slowed down following the scheme's closure.
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