CHENNAI/MUMBAI: The GST rate cut is driving MSMEs to seek additional funding from banks for expansion. After the GST rejig, banks have seen a spike in enquiries for advances from the MSMEs. It comes amid lenders having moved closer to their annual targets for the MSME segment in the first half of the current fiscal….

Microsoft’s push into artificial intelligence is beginning to show stronger returns, with the company reporting a sharp rise in cloud revenue and a growing base of paid AI users in its latest quarterly results.The technology giant posted revenue of $90 billion, or $4.81 per share, for the April-June quarter, an 18% increase from the year-ago…

India’s envoy to Bangladesh Dinesh Trivedi NEW DELHI/DHAKA: In a decision that underscores the importance New Delhi attaches to its diplomatic engagement with Dhaka, India’s new high commissioner to Bangladesh Dinesh Trivedi has been accorded status equivalent to Union cabinet minister.Soon after presenting his credentials to President Mohammed Shahabuddin on Thursday, Trivedi — the first…

Ayatollah Ali Khamenei and Mojtaba Khamenei (R) Iran’s new Supreme Leader Mojtaba Khamenei will not attend the funeral ceremonies for his father, former Supreme Leader Ali Khamenei, due to security concerns, according to Ayatollah Hakim Elahi, the current leader’s representative in India. As quoted by news agency ANI, Elahi said the decision was prompted by…