New Delhi: India’s lithium-ion cell makers, which are used in electric vehicles (EVs) and battery storage systems, are seeking to narrow the price gap with Chinese rivals through local supplier…
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Flipkart bets games and AI can turn Bharat’s next internet users into shoppers
BENGALURU: Flipkart is betting that the next phase of Indian e-commerce growth will depend less on discounts and delivery speeds and more on getting millions of smaller-town consumers comfortable buying…
India’s solar export boom collapses as US tariffs bite
Mumbai: Tariff uncertainty and duties in the US have crushed India’s solar module exports, erasing a multi-billion-dollar high-margin export opportunity at a time when India is trying to reduce its…
Top IT firms’ H-1B visas slump 40%, TCS worst hit while Infosys gains
For the 1.9 million employees at India’s top IT services firms, the American dream is getting harder to pursue. The companies’ H-1B visa approvals have fallen sharply this year as…
RBI will do whatever it takes to curb undue speculation: Governor Malhotra
On the 18th floor of the Reserve Bank of India’s (RBI) Mumbai office tower, governor Sanjay Malhotra is mindful of the legacy of the illustrious institution. For the 26th governor,…
AI was supposed to cut costs. Microsoft and Uber are finding it is more expensive than paying human employees
Microsoft has reportedly begun cancelling the majority of its direct Claude Code licences, redirecting its engineering workforce towards GitHub Copilot CLI instead. The reversal comes only six months after the…
RBI feels rupee may be undervalued now
The Indian rupee is not overvalued and may, in fact, be undervalued after its recent slide, Reserve Bank of India Governor Sanjay Malhotra said in an interview with Mint. This…
Lenders urge RBI for hedging support framework to revive overseas borrowing
and corporates have urged the central bank to consider a dedicated hedging support framework to revive offshore debt fundraising, multiple banking officials told ET, after (ECBs) slowed to $43 billion…
Wall Street Week Ahead: Market braces for inflation data, tech earnings, geopolitical updates
As a holiday¬-shortened week approaches on Wall Street, market participants are shifting their focus toward critical inflation metrics and highly anticipated corporate earnings from the technology arena. The will be…
ECB Convenes Banks to Fix Flaws Exposed by AI Models, FT Says
(Bloomberg) — The European Central Bank plans to press lenders to accelerate efforts to secure their IT systems after organizing a meeting on cybersecurity risks with the latest artificial intelligence…