Seoul, June 22 (IANS) South Korean stocks finished at an all-time high on Monday on a continued rally in semiconductor shares amid signs of progress in US-Iran talks to end their monthslong war in the Middle East. The local currency lost against the US dollar.After opening 1.08 percent lower, the benchmark Korea Composite Stock Price Index (KOSPI) added 62.13 points, or 0.69 percent, to 9,114.55 after rising as high as 9,253.00, reports Yonhap news agency.Trade volume was moderate at 377.2 milli…

New Delhi, June 22 (IANS) The postponement of the India‑Africa Forum Summit IV — originally scheduled for 28–31 May here — over “emerging public health situation” from Bundibugyo Ebola outbreaks underscored India’s emerging role as a rapid vaccine manufacturer for Africa, a new report has said.The postponement of the event spotlighted “India’s decisive role in fast-tracking the critical production of a vaccine via the Serum Institute of India (SII), positioning New Delhi as an indisp…

New Delhi, June 22 (IANS) As Morgan Stanley Capital International (MSCI) is expected to announce its rejigged MSCI India Standard Index on August 12, the review will result in passive inflows into Indian equities at an estimated Rs 30,214 crore, a new report has said.Laurus Labs and Biocon are emerging as the strongest contenders for inclusion in the new index, which is expected to take effect from August 31, the report from JM Financial said.The brokerage has assigned a high probability of Laur…

New Delhi, June 22 (IANS) Artificial intelligence and robotics are opening new possibilities for understanding human emotions and strengthening interactions between people and machines, technology experts said on Monday ahead of the Annual New Champions Meeting, or Summer Davos, in Dalian, where innovations ranging from emotion-sensing AI systems to interactive robots are being showcased.Experts showcasing innovative technologies told IANS that artificial intelligence is increasingly moving beyo…

New Delhi, June 22 (IANS) The Department of Telecommunications (DoT) has released draft rules for the administrative allocation of spectrum under the Telecommunications Act, 2023, laying down eligibility criteria, spectrum charges and assignment conditions for a range of telecom and satellite communication services.However, the proposed framework does not cover satellite broadband operators, including Starlink, Eutelsat OneWeb and Reliance Jio’s satellite internet business, leaving the sector aw…

New Delhi, June 22 (IANS) In a move aimed at improving passenger convenience and strengthening regional rail connectivity, Indian Railways on Monday announced that it has approved additional stoppages for four trains at key stations in Haryana and Rajasthan.The decision is expected to benefit daily commuters, students, traders, farmers and long-distance passengers by providing easier access to rail services closer to their homes.The newly approved stoppages include the Delhi–Satrod Passenger a…

New Delhi, June 22 (IANS) Spending by Indians on experiences — recreational and cultural activities, restaurants, hotels and travel — is expected to outpace spending on physical goods between 2025 and 2030, a report said on Monday.During this period household expenditure on physical goods is likely to grow at a 9.1 per cent compound annual growth rate, while broader experiential spending will likely grow at 10.3 per cent CAGR, the report from real estate services and investment firm CBRE Resea…

New Delhi, June 22 (IANS) India has emerged as a global digital powerhouse over the last 12 years, driven by rapid advancements in artificial intelligence (AI), semiconductors, quantum technologies, data centres and digital public infrastructure, according to an official fact-sheet released on Monday.The fact-sheet highlighted that India has transitioned from being largely a consumer of digital technologies to becoming a creator of globally scalable technology solutions, backed by strong policy …

New Delhi, June 22 (IANS) Nearly 78 per cent of micro, small and medium enterprises (MSMEs) now rank operational efficiency as their top priority for the year ahead, outpacing revenue growth and customer acquisition, a report said on Monday.India’s MSMEs are rewriting their growth playbook, the report from CyberMedia Research (CMR) said, as 71 per cent prioritised revenue growth and 64 per cent named customer acquisition as top priority.The report revealed that MSMEs are undertaking a strategic …

New Delhi, June 22 (IANS) Easing Middle East tensions and recent policy measures by the Reserve Bank of India and the government have eased near‑term stress on the Indian rupee, a report said on Monday.The report from Elara Securities said the domestic currency could appreciate against the American dollar in H1 FY27, as current account pressures reduce and flows improve, keeping the rupee oscillating within a 93‑95 range.If the US Federal Reserve raises rates, as expected with a 50 basis‑p…