[ad_1] Intel shares soared more than 25 percent to $31.25 on Thursday following Nvidia’s announcement that it will invest $5 billion in the struggling semiconductor giant, giving a much-needed boost to the Silicon Valley veteran.The deal will see Intel and Nvidia collaborate on custom data centres for artificial intelligence infrastructure and integrate Nvidia technology into…
[ad_1] Nvidia on Thursday said that it will invest $5 billion in Intel and partner with the struggling chipmaker to build artificial intelligence infrastructure and personal computer products, in what the companies called a “historic collaboration.”As part of the agreement, Nvidia will buy Intel common stock at $23.28 a share, subject to regulatory approvals, AP…
[ad_1] India’s pharmaceutical sector is projected to post healthy revenue growth of 7-9 per cent in FY26, aided by robust demand in the domestic and European markets, even as momentum in the United States is expected to cool, according to rating agency ICRA.The domestic market is expected to expand by 8-10 per cent and Europe…
[ad_1] Maruti Suzuki India, the country’s largest carmaker, on Thursday said it will cut vehicle prices by up to Rs 1.29 lakh from September 22, passing on the benefit of a GST rate reduction to customers.According to the company’s regulatory filing, entry-level model S-Presso will see the steepest reduction of Rs 1,29,600, followed by Alto…
[ad_1] Hyundai Motor India Limited (HMIL) and United Union of Hyundai Employees (UUHE), the recognised union of the company, have announced the “successful conclusion and signing of a mutually beneficial wage settlement agreement” for the period 2024–2027, the company said in a statement on Wednesday. The long-term wage settlement is effective from April 1, 2024,…
[ad_1] The families of four victims of the June 12 crash of Air India Flight AI171 have filed a lawsuit against US planemaker Boeing and aerospace supplier Honeywell, alleging that faulty cockpit fuel switches caused the deadly accident that killed 260 people.The complaint, lodged in Delaware Superior Court on Tuesday, claims the accident occurred seconds…
[ad_1] MUMBAI: RBI said it has formed an independent panel to strengthen the stakeholder engagement in regulatory process and leverage industry expertise on a continued basis. The independent advisory group on regulation (AGR) has been formed, comprising external experts, to channel industry feedback into periodic review of regulations through regulatory review cell (RRC). SBI MD…
[ad_1] Currently, gold prices have approached a very crucial support zone around ₹1,09,000 levels, which is likely to act as a strong floor for the metal. (AI image) Gold and silver price prediction today: Gold prices and silver prices continue to exhibit a bullish trend, says Abhilash Koikkara, Head – Forex & Commodities, Nuvama Professional…
[ad_1] MUMBAI: The National Company Law Tribunal (NCLT) on Wednesday deferred the hearing on Vedanta’s ambitious demerger proposal to Oct 8, as the ministry of petroleum and natural gas objected to the scheme, citing a lack of necessary disclosures. The Mumbai bench of NCLT also directed Vedanta and the ministry to file written submissions in…
[ad_1] WTO director-general Ngozi Okonjo-Iweala NEW DELHI: Artificial Intelligence (AI) could lead to significant increases in trade and GDP by 2040, with global trade projected to rise by 34-37% across different scenarios, a report released by the World Trade Organisation said on Wednesday. The report said that the largest growth occurs in trade of digitally…