Abu Dhabi’s International Holding Company is significantly expanding its partnership with the Adani Group by investing $11.5 billion in a massive integrated aluminium project in Odisha. This joint venture will establish one of India’s largest aluminium hubs, featuring a refinery, smelter, and power plant. The move comes as Adani Enterprises also launched a $1 billion
The AI boom is driving up the cost of everyday electronics, a phenomenon dubbed ‘chipflation’. Memory chip prices have surged dramatically, impacting everything from smart TVs and smartphones to kitchen appliances. Manufacturers are diverting chip production to AI infrastructure, leading to scarcity and price hikes for consumers. This could significantly slow down upgrades for budget-conscious
Campus hiring faces a new wave of sophisticated cheating, fueled by GenAI. Recruiters are battling hidden devices, AI tools, proxy candidates, and ghost coders. To counter this, companies are increasingly deploying AI-powered proctoring and shifting away from browser-based tests. Experts highlight that live follow-up interviews are proving effective in exposing candidates who relied on AI
Wall Street saw a mixed trading session as a weaker-than-expected US jobs report fueled hopes the Federal Reserve might pause interest rate hikes. The Dow and S&P 500 edged up, while the Nasdaq dipped. Investors are now betting on an 80% chance of the Fed holding rates steady, influenced by easing inflation concerns and falling
Highlighting the growing economic partnership between the two nations, PM Modi said more than 100 new business agreements had been signed over the past year, paving the way for Japanese investments worth over $10 billion in India.
US job creation significantly decelerated in June, with only 57,000 new positions added, a stark drop from May’s revised figure. While the unemployment rate dipped slightly to 4.2%, the labor force participation rate also declined. Despite job gains in sectors like healthcare and professional services, leisure and hospitality saw a notable loss. Layoffs, however, remained
Indian stock markets surged on Thursday, with Sensex and Nifty climbing nearly 1%. A significant rally in IT stocks, coupled with easing crude oil prices and positive India-Japan strategic agreements, boosted investor confidence. Despite some blue-chip weakness, the market extended its upward trend, driven by technology shares and optimism surrounding new economic and defence pacts.
Air India Express has fully reinstated its Middle East flight operations, bringing back services to Kuwait and Salalah. Flights to Kuwait from Kozhikode and Bengaluru are resuming with increased frequencies. The airline’s Middle East network now spans 13 destinations, with approximately 780 weekly flights connecting 18 Indian cities. This restoration marks a significant step in
Foreign investors continued their exit from Indian equities in June, withdrawing Rs 49,340 crore amid global risk aversion and domestic valuation concerns. Despite a brief February recovery, outflows have reached Rs 2.7 lakh crore this year, surpassing 2025’s total. While equities saw selling, foreign investors remained active in the debt market, with policymakers introducing measures
India and Japan elevated their trade and strategic ties with a new Memorandum of Cooperation signed during the 16th Annual Summit in New Delhi. Prime Minister Modi welcomed his Japanese counterpart, highlighting shared priorities for a free and prosperous Indo-Pacific. The leaders discussed initiatives to boost Japanese investment in India, aiming for significant growth in
