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The rupee rose 0.2% to end at 95.59 per dollar, helped by a 1.5% decline in Brent oil prices to $98.8 per barrel. Traders pointed to media reports stating that Iran had offered to reopen the Strait of Hormuz, a key energy artery,if the US eases military pressure and lifts its blo

Listen to this article in summarized format Sensex fell 330 points to close at 74,529. On its weekly futures and options expiry day, Nifty saw its indicative price tumble around 1% in 30 seconds from 23,349.5 to 23,133, before recovering some of the losses to close at 23,329. Baj

The state-owned insurer placed bids worth about 45 billion rupees ($470 million), the people said, asking not to be identified as the details aren’t public. ICICI Prudential Asset Management Co. and Quant Mutual Fund submitted bids of about 20 billion rupees ($209 million) each,

Around Rs 60,000 crore has already been raised through IPOs in the financial year 2026-27, with about 55% of the proceeds representing fresh capital going to companies, Pandey said at the 11th J.P. Morgan India Conference. “Potentially, around Rs 2 trillion can be raised through

The payout amounts to about 0.82% of the issue size, highlighting the relatively modest fees bankers accepted to advise on one of India’s most anticipated IPOs in years. While that was higher than the roughly 0.65% indicated before the offering, it is well below the 1.86% average

Amazon predictably blocked Muse, but there is room for a deal based on the reality that Amazon’s physical world investments are an AI moat. Subscribe to Stratechery Plus for full access. Already subscribed? $15 / month or $150 / year With Stratechery Plus you get access to the su

AI - Frontier AI keeps racing despite calls to slow downAnthropic and OpenAI debut Opus 5.5 and GPT-6 Sol and Luna - Windows CLOSEDQUORUM malware uses AI models to autonomo

China's CXMT hits 12nm-class DRAM milestone — new 5th-gen DRAM tech uses quadruple-patterning to boost die capacity by 50% But there is a catch. China's DRAM champion CXMT has begun mass production using its 5th-generation DRAM process technology. CXMT says its new process techno

In the U.S., the “AI race” is understood as a distinctly anti-China battle, framing model performance as the deciding factor. U.S. policymakers have, across multiple administrations, shaped the country’s entire regulatory stance to be distinctly light-touch, underpinned by the be

OpenAI and Anthropic scramble for smaller data centers as massive gigawatt projects lag — 20-30 MW facilities to provide capacity as mega structures undergo construction Demand is the immediate concern Anthropic and OpenAI are reportedly scrambling to secure smaller AI data cente

The early-stage VC firm Lavni Ventures has announced Fund II, the second of its early stage deep-tech impact funds, has closed its Rs 200 crore (approx. $21 million) target in committed capital, a year after first close in August 2025. The fund structure retains a green-shoe opti

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AI - Frontier AI keeps racing despite calls to slow downAnthropic and OpenAI debut Opus 5.5 and GPT-6 Sol and Luna - Windows CLOSEDQUORUM malware uses AI models to autonomo

After crossing Rs 500 crore in revenue in FY25, education-focused NBFC Auxilo continued its growth momentum with 28% year-on-year growth in the fiscal year ended March 2026, while its net profit remained largely stable at Rs 117 crore despite higher finance and employee costs. Au

Six Senate Democrats are urging the Trump administration to refund consumers alongside importers after the Supreme Court struck down a previous round of tariffs. “Without such a plan, President Trump’s reckless trade policy risks becoming nothing but a multi-billion-dollar scheme

Designing Layered Drone Defenses for Data Centers Drone threats to data centers are rising and real. Operators should adopt layered defenses – physical hardening, detection systems, redundancy, and regulatory coordination – to build resilience. Drone activity around critical infr

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President Donald Trump’s declaration over the weekend that he’d appoint an AI czar was an attempt to smooth over the bad PR the industry has been getting in recent weeks. There’s little reason to believe the new adviser will change the narrative. The Trump administration’s common

Rep. Jared Golden, D-Maine, is once again frustrating his fellow Democrats after endorsing Republican New York Rep. Mike Lawler, a top target of House Minority Leader Hakeem Jeffries. In response, Jeffries dismissed Lawler as a “partisan hack and Trump sycophant” who is “peddling

The price for Senate Republicans to finish the college sports bill quickly this week might be a roll call vote on allowing NCAA athletes to organize. It could take all week for the Senate to process the bipartisan college sports bill. To speed things up, Democrats want amendment

The conflict between Saudi Arabia and the Iran-backed Houthis is “entering a new phase,” one security expert warned, after Houthi fighters struck Riyadh and its airport over the weekend and the State Department issued a region-wide security alert for US citizens. “Now, the Houthi

A Republican senator is calling for a congressional probe into Donald Trump Jr. over his apparent ties to a Russian oligarch, an eye-opening move that Sen. John Curtis says should be part of a bipartisan effort to investigate “the use of presidential family relationships for priv

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AI - Frontier AI keeps racing despite calls to slow downAnthropic and OpenAI debut Opus 5.5 and GPT-6 Sol and Luna - Windows CLOSEDQUORUM malware uses AI models to autonomo

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Credit: DIGITIMES Taiwan's auto dealers have continued to push out new models even amid a market downturn this year. At the same time, Taiwan's auto industry is opening a new chapter in exports. Keep me signed in Some subscribers prefer to save their log-in information so they do

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CarDekho Group, which operates platforms such as CarDekho, InsuranceDekho, BikeDekho, PriceDekho and Rupyy.com, is moving towards an IPO by converting its parent entity into a public company. The board has passed a special resolution to change the name of its parent entity from G

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