Page 2 - Reuters%20/t%20_blank

Moonshot AI pauses Kimi subscriptions amid surging demand, IPO push

Moonshot said on Sunday that since Kimi K3's release, ​it has drawn massive user interest, leading to 'unprecedented compute challenges'

RBI attracts $20.7 billion through forex steps to bolster capital inflows

The scale of ‌inflows is in particular focus for ​the rupee, which is facing renewed pressure ‌from a sharp rise in oil prices amid renewed hostilities in the Middle ‌East

Google plans new chip to run Gemini models more efficiently: Report

Google expects new chip, ​dubbed "Frozen v2," to help ​address an AI computing capacity crunch that has fueled internal tensions ​and prompted Google Cloud to decline deals with outside customers

Houthis impose Saudi naval blockade, opening new front in US-Iran war

The Iran-aligned Houthis said the blockade was in retaliation for what they called a Saudi siege of Yemen, raising concerns over Red Sea shipping and oil supplies

Coca-Cola appoints JPMorgan and Citi for India bottler IPO: Report

Bankers pitched to Coca-Cola for the mandate earlier this month in London, the two sources said, following which JPMorgan and Citi ​were appointed

Domino's beats revenue estimates on supply chain business strength

The pizza chain ‌operates a supply-chain business that manufactures and distributes ingredients, pizza dough and equipment to franchised and company-owned stores

India says coal power plants have adequate stocks despite rising demand

India's peak power demand surged last week to nearly 270.1 gigawatts (GW), ‌driven by higher cooling demand as an El Nino pattern contributed to weaker rainfall

Mahindra Logistics Q1 results: Net profit at ₹25.39 crore; revenue up 23%

The company reported a consolidated ‌net profit of ₹25.39 crore ($2.63 million) in the first quarter ended June 30 from a loss of ₹10.8 crore a year ago

Honeywell wins IndiGo avionics deal, Aeromexico to deploy runway technology

Honeywell said the IndiGo deal includes auxiliary power units, weather radar, traffic collision avoidance systems, flight management systems and aftermarket support

Brent surpasses $90 as US-Iran conflict fuels fresh oil price rally

Brent crude futures climbed $2.09, or 2.37%, to $90.19 ​by 0241 GMT, touching the highest since June 11, extending gains after rising 15.9% last ‌week, its biggest weekly gain since April

India FX traders eye oil prices, RBI defence; bonds bulls await index call

The rupee closed at 96.28 per dollar on Friday, down ​about 1% on the week, its steepest drop since May, the month in which the currency hit its all time-low of ‌96.96

Asian shares hesitant as oil prices climb, tech earnings come into focus

Brent crude climbed above $90 as the Gulf conflict intensified, reviving inflation worries and rate-hike bets ahead of earnings from major technology companies including Alphabet, Tesla and Intel

Gulf crude exports jump in July but shipments slowing on latest hostilities

Gulf crude exports hit their highest level since before the Iran conflict, but renewed fighting is slowing tanker traffic through the Strait of Hormuz

Samsung cuts US jobs, offers relocations ahead of headquarters move

Samsung has cut jobs in its US consumer electronics business as it relocates its headquarters to Texas while prioritising growth in AI-driven chip operations

Boeing focused on production, not new orders at Farnborough Airshow

Boeing says boosting aircraft production and deliveries, rather than announcing new orders, is its top priority as it works to strengthen its recovery

Musk's SpaceX in talks to provide computing power to Pentagon: Report

According to the ‌report, SpaceX employees have ​discussed plans to compete more directly with neocloud firms such ‌as CoreWeave by ​selling computing ‌capacity

DeepSeek seeks fresh funding at $74 bn valuation ahead of onshore IPO

Chinese AI startup DeepSeek is reportedly planning to raise up to 50 billion yuan in a fresh funding round at a valuation of about 500 billion yuan, ahead of a potential mainland stock market listing

Yes Bank Q1 result: Net profit rises 34% to ₹1,070 cr on strong loan growth

Yes Bank reported a 34 per cent increase in June quarter net profit to ₹1,070 crore, driven by robust loan growth, higher net interest income and steady growth in deposits

US partially restores Hong Kong's special status, drawing praise from China

Washington ended a five-year-old national emergency linked to Hong Kong, partially restoring the city's special legal status while leaving key sanctions under existing legislation unchanged

Top US prosecutor declines to challenge DOJ move to drop Gautam Adani case

A Brooklyn federal prosecutor told the court he had no basis to question the Justice Department's decision to drop the fraud and bribery case against Adani, while stopping short of endorsing the move