Page 19 - Reuters

Nvidia to invest $1.5 billion in SB Energy under OpenAI data center deal

Leading tech firms are increasingly ​tying together chips, power and data center development ‌as they race to secure the infrastructure needed for ​increasingly power-hungry AI models.

Saudi Aramco offers crude oil outside Hormuz to some Asian refiners

In a rare ​move, Aramco is in ​talks with buyers to supply Arab Medium and Arab Heavy crude ​via ship-to-ship (STS) transfers off Fujairah in the UAE, the sources said.

Houthis say they attacked Saudi Arabia's vessels off Yemen's Mocha

Mocha is a Red Sea port near the Bab el-Mandeb Strait, a strategic chokepoint connecting the Red Sea with the Gulf of Aden and an important international shipping route

India set for record soyoil imports as Russia-Ukraine war disrupt shipments

"Soyoil prices are very competitive. At the same time, there are disruptions to sunflower oil shipments. That is making soyoil even more attractive," said Sandeep Bajoria of Sunvin Group

KABIL expects to start lithium production in Argentina in 4-5 years

India's state-owned KABIL is expected to start lithium extraction in Argentina in ​the next four to five years after completing project ​feasibility, a parliamentary panel report on its ops said

Jio-BlackRock to launch regular MF plans through distributors in India

Earlier this month Jio Financial Services and BlackRock ‌launched ​the JioBlackRock Nifty ​50 ETF, marking the joint venture's entry into India's fast-growing exchange-traded fund market.

NCLT chides SpiceJet as last-minute lessor deal forces judgement delay

The hearing took place as years of legal disputes between SpiceJet and the firms that lease it aircraft appeared set to culminate in rulings on eight bankruptcy petitions

CEA calls for E10 petrol option alongside E20 amid consumer concerns

E20 - petrol with 20% ethanol blended in it - was rolled out last year and since April 1, it has been the only fuel available for sale ‌at gas stations across the country

Nestle looks to develop new products to serve users of weight-loss drugs

The rapid adoption of drugs made by Novo Nordisk and Eli Lilly has fuelled investor concerns that appetite-suppressing medicines could permanently reduce demand for packaged foods, snacks and beverage

RBI's heavy FX footprint revives memories of a tightly managed rupee

Despite volatile crude oil prices ​due to war in the West Asia and persistent dollar demand from hedging flows, the rupee has ‌demonstrated remarkably muted price action since last week

CERC allows renewable producers to pay for extended grid connectivity

Power producers can get extra time instead of automatically losing their grid connectivity rights, the CERC said

Oil prices rise as US-Iran peace talks stall, Hormuz shipping slows

Brent crude futures rose as ‌much as 1% to $89.40 per barrel and were last trading up 72 cents at $89.20 by 0229 GMT

Asian shares mark time as West Asia war keeps oil prices elevated

On Monday, MSCI's broadest index of Asia-Pacific shares outside Japan was flat, while Japan's Nikkei edged 0.4% higher

Thousands evacuate after Indonesia quake kills 53, hampers rescue efforts

Saturday's quake was the Southeast Asian nation's deadliest since a 2022 quake killed hundreds in West Java

India sets targets for oil companies to boost LPG output amid West Asia war

Companies are required to maintain adequate infrastructure for storing and transporting liquefied petroleum gas, either directly or through railways and road tankers, to meet specified quantities

Trump weighs more economic pressure on Iran: What are his options?

Recent measures have targeted Iran's shadow oil fleet; shipping insurers; freezing an estimated $500 billion in ‌Iran-linked cryptocurrency

German firms cut US investment to 3-yr low amid Trump's uncertain policies

First-half direct investments plunged by ‌nearly two-thirds year-on-year to €4.3 billion ($5 billion), the ​lowest level since 2023, according to ​calculations by the German Economic Institute

US asks countries to pick sides in AI race with China or face consequences

By pressing countries to choose sides the US hopes to starve China of resources in a race to make the most sophisticated AI, which could be used for military or economic dominance

Nvidia eyes investing $3 billion in SB Energy under OpenAI data centre deal

The ​proposed investment is ​part of Nvidia's talks with OpenAI and SB Energy on ​providing around $100 billion in credit support for the planned Ohio data centre campus

Taliban mark five years in power as Afghanistan faces growing crises

The ​Taliban have also faced a string of assassinations of key regional officials in the country's northeast in recent weeks