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The Asian Development Bank on Sunday rolled out an ambitious $70 billion regional investment roadmap to strengthen electricity links and digital infrastructure across Asia and the Pacific by 2035, in a push to improve resilience, reduce costs and widen access, PTI reported.The package combines two large programmes –a $50 billion Pan-Asia Power Grid Initiative and…
Jeff Bezos’ ex-wife MacKenzie Scott has donated over $26 billion since 2019, making her one of the world’s most generous philanthropists. The billionaire author and former spouse of Jeff Bezos built much of her wealth through her stake in Amazon, which she received after their 2019 divorce. Since then, she has rapidly given away a…
File photo of IPL franchise Rajasthan Royals. A consortium of Lakshmi N Mittal, Aditya Mittal and Adar Pooonawala has acquired the IPL franchise Rajasthan Royals and its sister entities (Paarl Royals and Barbados Royals) for approximately $1.65 billion, TOI has learnt. A press release to the effect is expected to follow soon.After regulatory checks including…
nthropic CEO Dario Amodei keeps predicting that AI will trigger mass unemployment on a global scale. But with an Anthropic IPO reportedly targeting a $900 billion valuation, his warnings may be doing double duty—as both public service and investor pitch. Anthropic’s own labor research shows the reality is far more gradual. And voices from Sam…
The United States has cleared arms sales worth over $8.6 billion to key Middle East allies, namely Israel, Qatar, Kuwait, and the United Arab Emirates. The approvals were issued by the US State Department amid heightened regional tensions linked to the prolonged Iran conflict.The announcements by the State Department included approval of military sales to…
What are the most valuable assets for a country — gold, silver, currency? In Emilia-Romagna, northern Italy, the answer looks far less conventional. Here, vast climate-controlled warehouses store one of the region’s most unusual forms of wealth: hundreds of thousands of wheels of Parmigiano Reggiano cheese, slowly ageing and quietly getting more valuable over timeTo…
.Now more and more foreign investors are urging a review of the rule. MUMBAI: In just four months this year, foreign portfolio investors (FPIs) have net sold stocks worth a little over $20.6 billion, surpassing the highest ever yearly net sales figure in the domestic market.In 2025, FPIs had net sold stocks worth $18.9 billion,…
Apple has delivered a stronger-than-expected second quarter for fiscal 2026, beating its own guidance and market forecasts, with growth powered largely by iPhone demand and continued momentum in services. The company reported revenue of $111.2 billion for the March quarter, up 17% year on year—comfortably above its earlier projection of 13–16% growth. Net profit came…
In the high-stakes world of Silicon Valley, where billions are poured into chatbots and generative art, Apurva Shrivastava and Tyson Chen decided to look where few tech founders go: the local HVAC company. That decision has officially paid off. Their startup, ‘Avoca’, has reached a $1 billion valuation following a $125 million funding round led…
NEW DELHI: India’s foreign direct investment (FDI) inflows may have crossed the $90 billion mark for the first time in 2025-26, secretary at department of promotion of industry and internal trade (DPIIT) Amardeep Singh Bhatia told reporters Thursday, while seeking to highlight that greater outreach to investors has borne fruit, with free trade agreements (FTAs)…
