A temporary US sanctions waiver has put Iranian oil back on the table, but will Indian refiners return as buyers?While Washington has given Iran a 60-day window to export crude, Indian refiners are unlikely to rush back for those barrels. Most of their oil purchases for the coming months have already been booked, with state-run…
Manufacturing bullet trains involves an entirely different set of capabilities. (AI image) Come 2027 and India may launch its first bullet train service. The Surat–Bilimora section of the Mumbai-Ahmedabad bullet train project is expected to be operational by August 2027. While that will put it into a league of few countries that have high-speed rail…
Speaking at the Nasscom US CEO Forum in New York, industry leaders said AI is creating fresh growth opportunities for technology services rather than replacing traditional IT work. India’s technology services industry is already generating an estimated $10-12 billion in revenue from artificial intelligence (AI) services, with nearly a quarter of companies moving AI projects…
The Art Deco skyscrapers of downtown Detroit, built when money flooded into the Motor City in the 1920s, attest to the early years of America’s long dominance of carmaking. Though the industry’s centre of gravity has shifted to China, the stamp of the “Big Three” on Detroit endures. This year General Motors (GM) opened swish…
Shares in some of the world’s biggest mining companies have fallen victim to cracks in two of Wall Street’s most powerful trades: artificial intelligence and dollar debasement. The stocks of big Australian miners have benefited from a lack of options for investors wanting to put their money behind the AI theme. After sitting at or…
Bessent said tariff rates could revert to their earlier levels if the ongoing Section 301 investigations lead to the imposition of new duties. (AI image) US Treasury Secretary Scott Bessent’s latest warning of additional tariffs under Section 301 comes at a time when US Trade Representative Jamieson Greer was in India this week.Greer met Commerce…
Micron Technology’s market value surged past that of Meta Platforms and ahead of Tesla on Thursday, as investors responded positively to the company’s latest outlook and growing exposure to the artificial intelligence sector. The memory chipmaker’s shares skyrocketed 18.4% to $1,236, lifting its market capitalisation to $1.398 trillion, placing it aboveMeta, which was valued at…
Apple has hiked the prices of its products, including Macs and iPads, across the globe, including in India. While announcing the increase in prices, which range between 20 per cent to 42 per cent up from their original prices, the tech giant cited an increase in the cost of memory chips as the reason. Apple…
Market participants said the tax relief has also strengthened expectations that Indian government bonds could find a place in Bloomberg’s Global Aggregate Index. (AI image) The government and RBI’s steps to attract capital inflows seems to be yielding results with foreign investors pouring in a record Rs 39,640 crore, or around $4.2 billion, in Indian…
If there is one consistent feature of India-US trade relations over the past three decades, it is that major agreements rarely emerge from a single round of negotiations. (AI image) By Shishir Priyadarshi, President, Chintan Research Foundation (CRF) & a former Director, WTOThe trade discussions between US Trade Representative Jamieson Greer and Commerce Minister Piyush…
