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‘Happy to localise’: Chinese giant mulls India battery plant; Envision plans $34 million output amid soaring storage needs

China’s Envision Group is exploring the possibility of setting up a battery manufacturing plant in India, looking to tap into the country’s rapid push to modernise its grid and integrate more renewable energy.According to Bloomberg, Suman Nag, Envision’s global head for contracts, said the company is evaluating a 5 GWh-a-year, $34 million facility, which would…

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Asahi cyberattack: Japan’s beer giant delays earnings; claims shipments resuming in stages as systems recover

Japanese beer giant Asahi on Thursday delayed the release of its full-year financial results as it continues to grapple with a major cyberattack that began in late September.“While the Company is making every effort to restore the system as quickly as possible, it has decided to postpone the announcement of financial results for the fiscal…

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Asian stocks: Markets extend global rally on Fed cut bets; Japan’s beer giant Asahi dips

Asian stocks rose for a second straight session on Thursday, extending this week’s global rally as investors grow increasingly confident that the US Federal Reserve will deliver a third consecutive interest rate cut next month.The renewed optimism has pushed concerns over stretched valuations into the background for now, allowing risk appetite to strengthen across global…

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Germany’s giant Christmas tree lit in Dortmund: Built from 1,200 spruces, touted as world’s largest — video

The western German city of Dortmund lit its giant Christmas tree on Monday evening, marking the start of the festive season. The structure stands 45 metres tall and is built from around 1,200 Norway spruces, which the city says makes it the largest real-tree installation of its kind.The tree, which weighs about 40 tonnes, is…

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Nvidia Q3 results: Chipmaker giant reports 65% jump in net income; beats analyst predictions

AI chip giant Nvidia on Wednesday reported profit of $31.9 billion and record high $57 billion quarterly revenue, surging beyond the bar set by stock market projections, potentially easing AI bubble fears.Investors closely watched as chipmaker Nvidia released its quarterly earnings amid the backdrop of AI bubble concerns.“Blackwell sales are off the charts, and cloud…

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Aramco Q3 results: Saudi oil giant posts $26.9 billion profit; lower crude prices weigh, beats analyst estimates

Saudi Aramco reported a net profit of $26.9 billion for the third quarter, slightly lower than last year, as subdued global crude prices weighed on earnings even as the company outperformed analyst forecasts.The world’s largest oil producer said total revenue stood at $111 billion in the July–September quarter, down from $123 billion in the same…

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Microsoft-IREN deal: Tech giant inks $9.7 billion AI cloud pact for Nvidia chips; aims to bolster data centre capacity amid soaring AI demand

Microsoft has entered into a $9.7 billion cloud services agreement with Australian artificial intelligence infrastructure provider IREN, a deal that will give the tech major access to Nvidia chips as it scales its AI and cloud operations, AP reported.The five-year agreement includes a 20% prepayment and is aimed at supporting Microsoft’s efforts to meet the…

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Phalee village keeps carrying giant paddy load custom amid fading interest in Manipur | Guwahati News

Ukhrul: As harvest season arrives, the hills of Phalee village in Manipur’s Ukhrul district come alive with chants and cheers echoing through the evening air. Men and women walk in rhythm behind carriers of Wotri — giant paddy loads — who steadily make their way home, embodying a tradition that celebrates strength, community, and cultural…

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