Gold slips by ₹48; silver up by ₹340
The Hindu
In the previous trade, gold had closed at ₹47,862 per 10 gram
Gold in the national capital on June 16 dipped marginally by ₹48 to ₹47,814 per 10 gram amid muted global trends, according to HDFC Securities. In the previous trade, the precious metal had closed at ₹47,862 per 10 gram. In contrast, silver rose by ₹340 to ₹70,589 per kg, from ₹70,249 per kg in the previous trade.
Mobile phones are increasingly migrating to smaller chips that are more energy efficient and powerful supported by specialised Neural Processing Units (NPUs) to accelerate AI workloads directly on devices, said Anku Jain, India Managing Director for MediaTek, a Taiwanese fabless semiconductor firm that claims a 47% market share India’s smartphone chipset market.

In one more instance of a wholly owned subsidiary of a Chinese multinational company in India getting ‘Indianised’, Bharti Enterprises, a diversified business conglomerate with interests in telecom, real estate, financial services and food processing among others, and the local arm of private equity major Warburg Pincus have announced to collectively own a 49% stake in Haier India, a subsidiary of the Haier Group which is headquartered in Qingdao, Shandong, China.











