Crude oil prices dipped Friday as tanker traffic through the Strait of Hormuz improved, easing supply disruption fears. This comes despite recent tensions after a cargo ship near Oman was struck, with Iran reportedly firing at the vessel. While geopolitical risks linger, oil shipments through the strait have seen an uptick following a ceasefire. Venezuela’s
Increasingly Investing Substantial Amounts In AWS, Cloud & AI Biz: Amazon CEO Jassy
A bold gamble on high-bandwidth memory (HBM) chips has propelled SK Hynix to the forefront of the AI revolution, briefly making it South Korea’s most valuable company. This strategic pivot, once met with skepticism, proved crucial as demand for AI servers surged, allowing SK Hynix to outpace rivals like Samsung Electronics and reshape the global
The government has launched a new risk-based approach to simplify quality control compliance for industries. This allows eligible manufacturers to use a streamlined certification process, easing concerns over Bureau of Indian Standards (BIS) certification hurdles. The move aims to boost domestic manufacturing, encourage innovation, and strengthen supply chains while ensuring product quality and consumer safety.
The Indian rupee saw a modest gain of 10 paise, closing at 94.45 against the US dollar on Thursday. This appreciation was fueled by falling global crude oil prices and a stronger domestic stock market. However, foreign fund outflows prevented a more significant rise. The currency is expected to trade within a narrow range, influenced
Large US technology companies have collectively committed billions of dollars to India, highlighting the country’s growing importance as a key destination for cloud computing, artificial intelligence and deep-tech investments.
Indian markets saw a mixed trading session on Thursday, with AI chipmakers like Micron Technology leading gains, while Apple faced pressure due to product price hikes. Easing Treasury yields and moderating oil prices offered some support. Asian markets largely advanced, with South Korea’s Kospi and Japan’s Nikkei 225 showing significant rallies, driven by the AI
