Global AI spending to hit $1 trillion in 2026, says Goldman Sachs
Goldman Sachs projects global AI investment will reach $1 trillion in 2026, rising to 1.4% of global GDP by 2028.
Business
Anthropic CEO Rejects Claim That AI Regulation Concentrates Power
Anthropic CEO Dario Amodei pushes back against the idea that AI regulation inevitably centralizes power, saying fair rules can constrain big firms and aid challengers.
India's Growth Broadens as Banking, Autos, E-Commerce and Private Capital Gain Steam
McKinsey reports show India's next growth phase is diversifying across banking, auto components, e-commerce and private capital.
Peter Thiel acquires 1% stake in Argentina's Vista Energy via SEC filing
Peter Thiel's hedge fund bought a 1% stake in Vista Energy, a major Vaca Muerta shale producer, for $76 million.
Nvidia in Talks to Back SB Energy's OpenAI Data Center Project
Nvidia is negotiating a $3 billion investment in SB Energy, tied to a $100 billion credit package for an OpenAI data center in Ohio.
Halving Russian Oil Imports Could Add $5-10 Billion to India's Bill
A 50% cut in Russian crude purchases could raise India's oil import bill by $5-10 billion and inflation by 0.3 percentage points.
Kalshi accuses Nevada regulator of federal law breach in geofencing dispute
Kalshi says Nevada regulator violated federal law by misrepresenting residences during geofencing tests, as daily fines loom.
Smaller Cities Now Drive Over Half of India's Forex Demand
Tier-2 and Tier-3 cities now account for 53% of India's forex demand, with leisure travel leading and digital adoption rising.
India's Engineering Services Exports Jump Eightfold in a Decade
India's engineering services exports surged nearly eightfold to USD 13.77 billion in 2024-25, according to a NITI Aayog report.
Portugal Re-enters REN Capital with 13.7% Stake Purchase
Portugal's Parpublica buys 13.7% of REN from Pontegadea, restoring state presence in the power grid operator after 12 years.
Supernode Battery Project Completes Stage 2, Secures Funding for Stage 3
Quinbrook's Supernode BESS completes Stage 2 and closes A$469m financing for Stage 3, advancing Australia's largest operational battery storage campus.
India's chemical exports could hit $81 billion by 2030, says NITI Aayog
NITI Aayog report sets a $76-81 billion export target for India's chemical sector by 2030, focusing on specialty, inorganic, and petrochemicals.
India's coal imports pivot to steel as metallurgical demand climbs
India's coal import mix is shifting toward steel-making grades, with metallurgical coal up 10.4% and thermal coal down 5.5% in FY2025-26.
Industry backs PM's manufacturing, semiconductor push as key to global value chains
Industry leaders welcome PM Modi's Independence Day focus on manufacturing, semiconductors and MSMEs, calling it a shift toward global value-chain leadership.
Talent crunch threatens India's GCC edge as firms weigh alternatives
Skill shortages are pushing some global firms to move GCC mandates away from India, with delays and rising costs reported by a majority of centres.
Retail earnings and Fed minutes to test markets this week
Major retailers report quarterly earnings this week, while the Fed releases minutes from its July policy meeting.
Maharashtra suspends permits of 12 quick-commerce warehouses in hygiene crackdown
Maharashtra's food safety drive has suspended permits of 12 warehouses run by Blinkit, Zepto and Swiggy Instamart after inspections found cockroach infestations, rodent droppings and other hygiene violations.
India to Remain Among Fastest-Growing Economies, SBI Research Says
SBI Research says India will stay among the fastest-growing economies, citing strong credit, deposits, and corporate performance.
AI to Push Indian Banks Beyond Digitisation, Says FICCI-IBA-BCG Report
A new report says Indian banks must move beyond digitisation, using agentic AI to automate complex tasks and free staff for higher-value work.
Textile-Apparel Exports Dip 1.84% in April-July as Apparel Shipments Slump
India's textile-apparel exports fell 1.84% to $11.96 billion in April-July, with apparel down 10.52% but textiles up 5.38%.