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Intel unveils new AI accelerator chip in bid to gain footing on Nvidia

The updated processor, called Gaudi 3, will be widely available in the third quarter, Intel said at a company event early Tuesday

Air India's aircraft technicians planning strike amid mounting woes

Its staff are upset over lack of career advancement opportunities because they haven't been promoted in the past seven years, according to the letter

India may devote more sugar to ethanol in blow to export hopes: Report

The nation extended its export restrictions in October to protect domestic supplies ahead of national elections

Adani Green in talks to raise $400 mn in offshore loan for upcoming project

The foreign currency loan could range from seven to ten years, with the pricing likely linked to the Secured Overnight Financing Rate, said the people, who asked not to be named

Impulse to speak out leads to 'self-inflicted wounds', says Elon Musk

Musk was sued in Texas state court in October by Ben Brody after endorsing a social media post that compared an Instagram profile of Brody to a photo of a White supremacist

Pak's Finance Minister Aurangzeb leaves banker life behind to fix economy

Aurangzeb was one of the highest paid corporate leaders in Pakistan before joining the government. Now, in line with other cabinet members, he's not drawing a salary

UBS Group weighs Credit Suisse's China stake swap with Beijing govt

UBS put the Credit Suisse venture up for sale after taking control of its smaller Swiss rival when it collapsed last year

India needs more leaders like Manmohan Singh to propel growth momentum

The standard critique of Singh mingles this lack of legitimacy with his retiring manner and stilted speechmaking to create a picture of a weak man who just happened to make history

India's hottest stock index, Nifty Next 50, shows best earnings potential

Earnings growth is proving to be a key metric. Made up of potential candidates for the benchmark Nifty 50, the gauge has seen its forward profit estimates climb 20% so far this year

TSMC boosts Biden's AI chip ambitions with $11.6 billion agreement

Under preliminary agreement announced by the US, TSMC will construct a third factory in Phoenix, adding to two facilities in the state that are expected to begin production in 2025 and 2028

Biocon leads India's push into anti-obesity drugs as patents lapse

The company, helmed by Kiran Mazumdar Shaw, is leading the charge among Indian drugmakers - the world's largest supplier of generic medicines - as they race to grab a slice of the obesity drugs market

Vishal Mega Mart said to pick Kotak, ICICI Bank for mega IPO: Report

Other banks are likely to be added to work on the IPO, the people said. The Gurugram-based company could raise between $850 million to $1 billion in the offering, they said

After Bitcoin surge, crypto venture capital creeps toward comeback: Report

VC investment in crypto startups reached $2.5 billion during the first quarter of 2024, a 32% increase from the last quarter and roughly even with the same period last year

Watches are not investments, comparing to stocks risky, says Rolex CEO

Rolex is the biggest Swiss watch brand and dominates the industry with an estimated 30% market share. Known for its Datejust, Daytona and Submariner models

HSBC helps overseas funds navigate India's bond market as inclusion nears

Investors have cited several obstacles to obtaining an onshore permit in India, including heavy documentation process, margin requirements for trading, barriers to freely move money out of the country

Justin Trudeau unveils $1.8 billion package for Canada's AI sector

The prime minister made the announcement in Montreal, one of a number of AI hubs that has emerged in Canada

PBOC to give $69 billion in loans to boost science, technology sectors

The refinancing program is set to help small- and medium-sized technology firms in their initial startup and growth stages and provide credit support to high-end projects, it said

Victory near, claims Netanyahu as Israel pulls some of its troops from Gaza

"The 98th Commando Division has concluded its mission in Khan Yunis," the army said in a statement. "The division left the Gaza Strip in order to recuperate and prepare for future operations."

Macron's hawkish commentary on us poses 'serious strategic problem': Russia

Meshkov added that the presence of French soldiers in Ukraine "could pose a threat to themselves" and that a small number of "French mercenaries" had already died in the war

Glacial inflation slowdown set to back Fed's caution to cut interest rates

The March core consumer price index, a measure of underlying inflation that excludes food and fuel, is seen rising 0.3% from a month earlier after a 0.4% advance in February