Business

Patanjali Ayurved is set to enter financial services after IRDAI approved its nearly Rs 4,500 crore acquisition of Magma General Insurance.

Experts say the hiring landscape is becoming increasingly project and demand driven rather than a case where freshers were hired in thousands to increase bench strength. The trend reflects a broader reset in the IT sector.

India’s expanding renewable energy capacity could soon make it an energy exporter. Germany’s ambassador sees potential for India to export green hydrogen in coming years. Renewable energy is a strong pillar of India-Germany economic cooperation. Artificial intelligence and a proposed EU Free Trade Agreement will shape future economic ties. Discussions are progressing towards concrete projects

Artificial intelligence will automate routine jobs across many industries. Complex tasks requiring human judgment will be supported by generative AI. Financial services and retail trade see high automation risk for basic operations. Healthcare and education will see AI strengthen clinical and learning roles. Workplace tasks will be reshaped as AI complements human capabilities.

If shipping through the Red Sea remains unaffected, Indian refiners will continue to have an important supply cushion through Saudi Arabia’s East-West (Yanbu) pipeline, which has recently been supplying around 300,000-500,000 barrels per day (kbd) of crude.

Microsoft reported strong cloud revenue growth and increased paid AI users. Azure revenue surpassed one hundred billion dollars for the first time. Microsoft 365 Copilot now has over thirty million paid seats. Investors are observing returns from significant artificial intelligence spending. The company’s shares saw a notable increase after the earnings announcement.

Samsung Electronics achieved its highest-ever quarterly operating profit, fueled by strong AI chip demand. Rival SK Hynix also reported record revenue, reflecting industry strength. However, investor sentiment declined due to expansion plans and Chinese competition. Both companies are investing heavily in new chipmaking facilities and data centers. Global partnerships are strengthening to secure memory chip

Asian equities showed signs of stabilizing on Thursday after a turbulent week. Taiwan and South Korea saw gains, while Japan’s Nikkei headed for a decline. Oil prices briefly soared due to Middle East tensions before slipping back below $90. The US Federal Reserve kept interest rates unchanged, leaving markets uncertain about future moves. Bond yields