In the month of May, Indians will witness a consecutive second decline in India’s wholesale prices, primarily attributed to the decrease in commodity prices. According to government data, the wholesale price index (WPI) experienced a significant drop of 3.48%, surpassing economists’ expectations of a 2.35% decrease. This decline follows a 0.92% fall observed in April, indicating a continued alleviation of inflationary pressures. This article delves into the key factors that have contributed to the decline in wholesale prices and analyzes its implications for the Indian economy.

Accenture plans to spend $3 billion on data and artificial intelligence over the next three years. Global professional services provider Accenture has industry-leading expertise in digital, security, and cloud. combining unrivaled expertise and specialized knowledge in the areas of Interactive, Technology, Strategy, and Operations services. 

Google stated on Wednesday that it would launch two revolutionary AI-powered tools to improve ad features. 

A US Federal court on Tuesday banned Microsoft’s $69 billion purchase of California-based video game firm Activision Blizzard. The ruling was issued by US District Judge Jacqueline Scott Corley in

TaxNodes, with its end-to-end solutions, has secured a whopping $1.6 million in seed funding to streamline the intricacies of crypto taxation and compliance. Notable investors from the web3 and wealth

The government calls on e-commerce companies to tackle “dark patterns” by creating a self-regulatory framework. These exploitative practices manipulate consumers online, such as unauthorized cart additions and misleading pricing. If voluntary measures fail, the government may introduce regulations. Education and awareness are key to curbing such practices.

According to a report, the government’s production-linked incentive scheme for mobile phones may drive Apple may manufacture 18% of its global iPhones in India by FY25, with the possibility of further expansion if the larger scale incentivizes its vendors to also expand in the country.

“PM PRANAM revolutionizes agriculture by reducing chemical fertilizer usage. Incentivizing States and Union Territories, it promotes sustainable farming practices and alternative fertilizers. With estimated savings of ₹20,000 crore and a projected decrease of 45.78 LMT in fertilizer usage, it paves the way for a greener and more prosperous future.”

According to persons familiar with the current negotiations, Vodafone Idea Ltd (Vi) intends to inject total equity of 14,000 crores shortly as part of its business rehabilitation strategy. Existing promoters Aditya Birla Group (ABG) and Vodafone Group Plc from the United Kingdom would contribute half of the total sum, they claimed.

According to a report in The Economic Times (ET), industrialist Sajjan Jindal intends to acquire stock in MG Motor India. The Chinese automaker SAIC Motor owns 100% of the subsidiary MG Motor India. According to the article, the joint venture will not have any impact on the listed companies of the Jindal group: JSW Steel and JSW Energy.

UK Prime Minister Rishi Sunak announces a £100 million expert task force and global AI safety summit during London Tech Week. Google DeepMind, OpenAI, and Anthropic offer support, while the

Oil prices witnessed a modest resurgence on Tuesday, propelled by opportunistic buying in response to the previous day’s decline. However, the extent of the gains was limited as investors maintained a prudent stance, considering the forthcoming policy determinations from central banks and lackluster economic indicators from China. Brent crude futures advanced by 1.1% to reach $72.64 per barrel, while U.S. West Texas Intermediate (WTI) crude recorded a 0.8% increase, reaching $67.64 per barrel.