Amazon, Google, Microsoft and other big tech companies are turning to nuclear power to fuel AI, which needs more energy as it grows more complex. Last month, Amazon invested $500 million in nuclear energy, and Google signed its first nuclear power deal. In September, Microsoft moved to reopen Three Mile Island, the three-mile nuclear plant…
Apple supplier Foxconn has directed its recruitment agents in the country to remove age, gender, marital status criteria, and the company’s name from job advertisements for iPhone assembly positions, news agency Reuters reported.Foxconn, which employs numerous women at its Sriperumbudur iPhone facility near Chennai, relies on third-party vendors for assembly-line worker recruitment. These vendors identify…
Foreign investors have sold over $13 billion of Indian equities since October. CLSA and Citi are taking opposite stances on Indian equities. CLSA reversed its tactical overweight on China while raising exposure to India, saying the South Asian nation is least likely to feel the heat from potentially higher tariffs when Donald Trump takes office…
India voiced strong concerns regarding developed nations’ reluctance to engage meaningfully in discussions about supporting climate initiatives in developing countries at the COP29 conference in Baku while highlighting that addressing climate change requires substantial financial and technological assistance.India, during the Mitigation Work Programme’s closing plenary on Saturday, highlighted how developed nations, despite their historical responsibility…
Municipal corporations need to impose adequate user charges for essential services like water supply and sanitation, to boost non-tax revenues and provide quality public services, according to a Reserve Bank of India (RBI) report. The ‘Report on Municipal Finances’ delves into the fiscal position of 232 municipal corporations (MCs) from 2019-20 to 2023-24 (Budget Estimates),…
Fast food giant McDonald’s is investing $100 million to bring back customers after an E. coli outbreak linked to onions in its Quarter Pounder hamburgers. The investment includes $65 million allocated directly to the franchises most affected by the outbreak, the company stated.The US Centers for Disease Control and Prevention had earlier stated that slivered…
NEW DELHI: Delhi-NCR ranks as the sixth costliest office location in the Asia Pacific region, with average monthly rentals of Rs 340 per sq ft, whilst Mumbai holds the eighth position, according to Knight Frank India‘s latest Asia-Pacific Prime Office Rental Index for Q3. Hong Kong SAR maintains its position as the region’s most expensive…
NEW DELHI: Rolled steel products manufacturer Aditya Ultra Steel Ltd has reported a net profit of Rs 5.87 crore for April-September period of 2024-25 and also announced setting up a 5 MW solar plant at Rajkot in Gujarat. The company in a statement on Saturday said its revenue from operations stood at Rs 312.39 crore…
A recent report released by Deutsche Bank revealed that Indian equity markets have outperformed China’s equity markets since 2000.The report noted that, despite China’s rapid economic growth, its equity market performance has been comparatively average, with real returns averaging just 4.0 percent per annum.India, on the other hand, has emerged as a leader among both…
NEW DELHI: Venture capital fund General Catalyst, which has invested in companies like Zepto, Spinny and Cred, is looking to invest $800 million to $1 billion over the next three years in Indian startups.Having just closed $8-billion fund, it is eyeing investments in manufacturing, fintech, healthcare, energy transition and artificial intelligence (AI) and defence, said…
