Page 31 - Bloomberg/reuters

Larsen & Toubro planning to manufacture rare-earth magnets in India

The conglomerate is preparing a bid for the government's ₹7,280 crore ($764 million) incentive policy for such magnets

Wipro's exit from Nifty 50 reflects waning clout of Indian IT giants

The combined weight of India's top five IT companies in the Nifty 50 has fallen below 9% this year, the lowest at least since 2002

RBI Governor Sanjay Malhotra urges lenders to accelerate AI spend

Malhotra, however, warned that wider AI use entails risks including biased or opaque decisions, along with data privacy and cybersecurity threats

Apple's glass-centric 20th-anniversary iPhone remains on track for 2027

The company expects to launch iPhone Pro models next year that will make use of a new glassy look

5 key takeaways from Mark Zuckerberg's 6,500-word manifesto on AI

Zuckerberg's letter is the latest entry in the broader genre of manifestos from AI executives laying out their visions for the emerging technology

Food company CEOs pushed White House to delay ultra-processed food policy

CEOs and trade group representatives sent letters and called the White House in a bid to delay the release of a white paper marking the first federal effort to define the controversial food category

Google's DeepMind team warns job seekers of unreliable HR filters

Google team is encouraging candidates for its open roles to fill out a special form alongside their application to eliminate the risk it may be automatically screened out by the company's AI systems

Structural issues driving money from India: Ex-RBI chief Duvvuri Subbarao

Subbarao said a move in June aimed at drawing more foreign currency by incentivizing non-resident Indians is "too costly" to justify if the main purpose is simply to bolster confidence in the rupee

US court dismisses fraud charges against billionaire Gautam Adani

US District Judge Nicholas Garaufis in Brooklyn, New York, on Monday dismissed conspiracy, securities and wire fraud charges against Adani and his nephew Sagar Adani

BlackRock signs a deal with labour unions for AI construction jobs

The announcement comes as data center projects face mounting opposition from communities concerned about the massive developments and broader societal worries

Microsoft plans to ramp up AI chip output, targets 300,000 units in 2027

Microsoft is in talks with TSMC to secure capacity for more than 300,000 next-generation Maia AI chips for delivery in 2027, as cloud giants seek alternatives to Nvidia.

Mohsen Rezaei appointed as chief of Iran's National Security Council

Iran has appointed former IRGC commander Mohsen Rezaee to lead its top security body as Tehran says talks with Oman on restoring shipping through the Strait of Hormuz are nearing a deal.

Anthropic, Macquarie and GIC form partnership to build AI data centres

The new entity, called Theseus Infrastructure, will serve as a vehicle to develop artificial intelligence computing sites "with an initial focus" in the US

Why London's housing crisis is driving away its most valuable residents

High housing costs, limited construction and uninspiring homes are pushing working-age Londoners to smaller towns

Google's AI faces pushback over use of web content for AI answers

Google's web crawler sees 3.2 times more of the web than OpenAI's version and 4.8 times more than Microsoft Corp.'s, according to Cloudflare CEO

NPCI targets Indian diaspora to drive UPI growth across overseas markets

NPCI plans to use the country's vast diaspora to drive global expansion, while also exploring AI-enabled payments through platforms like ChatGPT and Gemini

AI data centres' volatile power demand strains equipment, threatens grids

As the AI boom accelerates, these technical problems suggest added costs and unforeseen reliability problems, with even a few minutes of lost uptime hitting data-center developers' revenue

Paramount to sign contract with theatre chains guaranteeing 30 films/year

Paramount Skydance has offered AMC and Regal three-year deals to guarantee 30 theatrical releases a year if its $110 billion Warner Bros deal goes through

Currency defence gets makeover as central banks in Asia guard reserves

Asian central banks are seeking new ways to support weak currencies and preserve forex reserves as West Asia tensions, oil risks and high US rates weigh on markets

US CPI to show inflationary pressures easing after recent war-driven rise

The closely watched consumer price index is seen rising 0.1% in July following a 0.4% decline in the prior month