RBI MPC highlights: GDP growth estimate cut, inflation hiked, repo rate unchanged, CRR slashed

RBI MPC announcements: Reserve Bank of India Governor Shaktikanta Das lowered GDP growth estimate for FY25, while increasing inflation forecast. Das kept the repo rates unchanged while adopting a neutral stance. Das, in the last monetary policy committee meeting of the year, highlighted the challenges Indian as well as the global economy faced in the … Read more

OpenAI confirms new $200 monthly subscription, ChatGPT Pro, which includes its o1 reasoning model

OpenAI has launched a new subscription plan for ChatGPT, its AI-powered chatbot platform — and it’s very, very expensive. Confirming leaks this morning, OpenAI announced ChatGPT Pro, a new $200-per-month subscription tier that provides unlimited access to all of OpenAI’s models, including the full version of its o1 “reasoning” model. “We think the audience for ChatGPT Pro will … Read more

RBI keeps rates steady, revises down GDP growth forecast 2025 fiscal year

Signage for the Reserve Bank of India (RBI) in Mumbai, India, on Friday, April 5, 2024.  Dhiraj Singh | Bloomberg | Getty Images India’s central bank expectedly kept the benchmark interest rate unchanged at 6.50% on Friday as it struggles to contain rising inflation without hurting growth in Asia’s third-largest economy. The decision came in … Read more

Uber and Lyft Stocks Plunge As Google’s Waymo Brings Driverless Taxis to Miami

Mark Kauzlarich /Bloomberg / Getty Images Google’s Waymo said it would train its self-driving taxis on Miami streets in 2025 as it prepares to offer service to customers in 2026. Shares of ride-hailing providers Uber and Lyft declined as investors considered the risks presented by driverless taxi services. The news comes as investors anticipate the … Read more