Page 82 - Reuters/workspace/business Standard Web/video

Asian stocks rise on AI optimism as tech surges, gold at fresh peaks

The rush into tech has been a boon for chip sectors in many Asian markets, with South Korean stocks up 0.2 per cent, having surged almost 9 per cent this month

Chipmaker Nvidia plans to invest up to $100 billion in startup OpenAI

The companies unveiled a letter of intent for a landmark strategic partnership to deploy at least 10 gigawatts of Nvidia chips for OpenAI's AI infrastructure

T-Mobile names Gopalan as CEO to steer strategy amid fierce competition

Wireless carriers have been grappling with slowing subscriber growth, rising competition and increasingly cautious consumers unwilling to pay for premium plans

IT slump drags Sensex and Nifty down 0.5% after H-1B visa fee hike

IT stocks tumbled after the US raised H-1B visa fees, erasing Rs 85,000 crore in market value and dragging Sensex and Nifty lower, though analysts remain optimistic

Strive to buy Semler in $1.3 bn stock deal to boost bitcoin holdings

The deal comes less than five months after Strive announced a merger with Asset Entities as part of its plan to list on Nasdaq and pursue a strategy of buying and holding bitcoin

Porsche caught between a slowing China, EV road bumps, and Trump

Porsche now expects its 2025 profit margin to be no more than 2%, down from a previously guided range of 5% to 7%

India plans to widen pension fund investments to boost returns: PFRDA chair

The regulator is considering allowing pension funds to invest in gold and silver exchange-traded funds, venture capital funds, private credit, and alternative investment funds (AIFs), S. Ramann said

India's borrowing plan for FY26 second half unchanged, says CEA Nageswaran

India plans to borrow 14.82 trillion rupees for the current financial year ending March 31, of which it is scheduled to borrow 6.8 trillion rupees in October-March

India's banking liquidity crunch seen as temporary, says analyst

The Reserve Bank of India is comfortable with a liquidity surplus of around 1% of banks' deposits, which is roughly 2.5 trillion rupees

IndusInd Bank appoints Viral Damania as new chief financial officer

Damania's appointment, effective September 22, comes after the bank late last month said veteran banker Rajiv Anand had taken charge as its CEO for a three-year period

Govt plans minority stake sales in nearly 6 state firms: Divestment secy

Chawla said the government will make an initial public offering (IPO) of a state-run firm in the natural resources sector in the current financial year

Stock markets likely to open flat; IT firms in focus amid US visa hike

India's $283 billion IT sector, which generates about 57 per cent of its total revenue from the US, has long gained from American work visa programmes and outsourcing of software and business services

Asian stocks edge up as Trump visa crackdown weighs on market sentiment

US stock futures eased in early trading with the S&P futures down 0.1 per cent

Lachlan Murdoch, Michael Dell, Ellison involved in TikTok deal: Trump

Trump has said the U.S. and China have made progress on a deal requiring TikTok's American assets to be transferred to US owners from China's ByteDance

Donald Trump's H-1B visa crackdown upends Indian IT industry's playbook

The sector, which earns about 57% of its total revenue from the U.S. market, has long gained from U.S. work visa programs and the outsourcing of software and business services

Major European airports scramble to fix check-in glitch after cyberattack

Disruption had eased significantly by early Sunday despite some continuing delays, according to airport officials and data, while regulators said they were investigating the source of the cyberattack

Wall Street week ahead: US housing shares shine as Fed restarts rate cuts

The S&P 500 ended on Friday at record high levels, up over 13% on the year, after the Fed cut its benchmark rate by a quarter of a percentage point to the 4-4.25% range

Israeli strikes kill 31 people in Gaza City, say medics; tanks advance

Israel said on Saturday its forces had expanded their operations in the Gaza City area over the past few days, killing 30 militants and locating weapons

France's richest man, LVMH's Arnault, slams proposed billionaire tax

"This is clearly not a technical or economic debate, but rather a clearly stated desire to destroy the French economy," Arnault told Britain's Sunday Times

Trump says he'll share 'important' autism findings in Monday address

Autism diagnoses in the United States have increased significantly since 2000, intensifying public concern