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 personal…
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 reported….
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 by…
The Bank of England on Thursday kept its benchmark interest rate unchanged at 4 per cent, with inflation in the UK still running at nearly double its 2 per cent target. The move was widely expected by markets.Fresh data released on Wednesday showed annual inflation holding steady at 3.8 per cent in August, AP reported.The…
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 K10…
NEW DELHI: Air India Express has announced the launch of daily non-stop flights between Bengaluru and Bangkok starting October 18, 2025, further boosting its international network.The new service will provide convenient connectivity for travellers from Bengaluru and nearby regions to Thailand, a popular holiday destination, just ahead of the festive and tourist season.To mark the…
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, through…
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 after…
Nirmala Sithraman (File photo) NEW DELHI: The next generation GST reforms will leave more disposable income with the people, boost consumption and help inject nearly Rs 2 lakh crore in the economy, finance minister Nirmala Sitharaman said on Wednesday.Addressing a GST outreach programme in Visakhapatnam, Sitharaman said after the GST tax rate rationalisation, 99 per…
Gold and silver have captured the spotlight this year, rising 38% and 43% respectively, but platinum has quietly outpaced both, emerging as 2025’s top-performing precious metal with prices soaring nearly 57% year-to-date, including a striking 28% surge in June, its largest monthly gain in decades, ET reported.The World Platinum Investment Council (WPIC) forecasts that the…
