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India’s power consumption fell 6% year-on-year to 132 billion units (BUs) in October from 140.47 BUs in the same month last year, mainly due to lower use of cooling appliances and unseasonal rains across several regions, PTI reported.Experts attributed the decline to the combined impact of widespread rainfall and the early onset of winter, which…
The United States is nearing the longest federal government shutdown in history, having remained closed for the entire month with no resolution in sight. Economists have warned that the longer the impasse drags on, the greater the risk that the economy, already showing signs of strain, could shift from bending to breaking.“The economy is fragile…
MUMBAI: India’s foreign exchange reserve dipped by nearly $7 billion to $695.4 billion during the week ended Oct 24, Reserve Bank of India data showed. Of the total, foreign currency assets were worth $566.5 billion (down $3.9 billion on the week), gold was worth $105.5 billion (down $3 billion), SDRs were worth $18.7 billion (down…
Drug giants Novo Nordisk and Pfizer are locked in a fierce $9 billion bidding war for obesity drug developer Metsera. Novo’s unsolicited offer challenges Pfizer’s earlier $7.3 billion deal, highlighting the immense value and competition in the booming weight-loss drug market. This corporate showdown could redefine the future of obesity treatment. Novo Nordisk, the Danish…
BENGALURU: TCS’s $6.5 billion capex blueprint for the AI data centre move goes beyond risk capital—it signals a push to build capabilities and perhaps prevent tech colonisation. Indian firms are increasingly turning to private capital to expand capacity and meet surging digital demand.In a recent interview with TOI, TCS CEO K Krithivasan said it aims…
Florentino Perez, President of Real Madrid, on the left (Photo by Angel Martinez/Getty Images) Real Madrid and Super League promoters are demanding over $4 billion in compensation from UEFA, claiming unfair obstruction of the breakaway competition.A Spanish court has rejected UEFA’s appeal regarding the league, following the initial proposal in 2021 by 12 elite European…
President Donald Trump’s Big Beautiful Bill has resulted in a $16 billion hit for Mark Zuckerberg‘s Meta. Meta Platforms has taken a near $16 billion one-off charge in the third quarter (Q3) related to President Trump’s Big Beautiful Bill. The company, which owns Facebook, WhatsApp and Instagram, said that the bill had led the business…
Google parent Alphabet reported its first-ever $100 billion quarterly revenue. Beating analysts estimates of $99.89 billion, the company reported a record revenue of $102.35 billion. CEO Sundar Pichai shared an X (formerly Twitter) post where he shared highlights from the company’s $100 billion quarter numbers. He also shared a thank you message to Google employees,…
Google-parent Alphabet has reported its first-ever $100 billion quarterly revenue, marking a major milestone as the tech giant’s aggressive investments in artificial intelligence (AI) begin paying dividends across its business. CEO Sundar Pichai announced the third-quarter results with a celebratory message to employees, noting that the company has doubled its quarterly revenue in just five…
Microsoft CEO Satya Nadella has said that Bill Gates warned him against investing in ChatGPT-maker OpenAI. During an interview with ‘TPBN’ – a tech-focused YouTube show, Nadella recalled that getting investment for the company wasn’t straightforward. Even at Microsoft, you kind of got to have to get a board approval to just go throw a…
