Category: Business

Business

Microsoft reveals new quantum chip made with AI, says it will have systems by 2029

Posted on By admin
Microsoft reveals new quantum chip made with AI, says it will have systems by 2029

Microsoft CEO Satya Nadella announces Majorana 2 | Photo Credit: REUTERS Microsoft on Tuesday unveiled a ‌new quantum computing chip that it redesigned with the help of AI, saying ​it now believes it will have commercially useful quantum machines by 2029. The new target ⁠date puts Microsoft on track to have quantum computers the same…

Read More “Microsoft reveals new quantum chip made with AI, says it will have systems by 2029” »

Business

Extreme heat tests India’s record milk production

Posted on By admin
Extreme heat tests India’s record milk production

During a summer of extreme heat with temperature topping 40°C last year, much like northern India is currently experiencing, dairy farmer ​Neeraj Bharadwaj watched one of his cows deliver a calf months early. The newborn was tiny and almost hairless. People said it would not survive, but Bharadwaj bottle fed it ‌milk until it slowly…

Read More “Extreme heat tests India’s record milk production” »

Business

Adani group cos post record $16-billion capex, all-time high EBITDA of ₹94,834 cr in FY26

Posted on By admin
Adani group cos post record -billion capex, all-time high EBITDA of ₹94,834 cr in FY26

Adani group companies reported a record capital expenditure of ₹1.53 lakh crore ($16.1 billion) and an all-time high EBITDA of ₹94,834 crore ($10 billion) in the 2025-26 fiscal year, underscoring an accelerating infrastructure expansion cycle while maintaining leverage below its stated target. The investment programme — the largest annual capex undertaken by an Indian corporate…

Read More “Adani group cos post record $16-billion capex, all-time high EBITDA of ₹94,834 cr in FY26” »

Business

Oyo-parent Prism secures SEBI’s nod to launch ₹6,650-crore IPO

Posted on By admin
Oyo-parent Prism secures SEBI’s nod to launch ₹6,650-crore IPO

Image used for representational purposes. File | Photo Credit: Reuters Prism, the parent firm of global travel tech unicorn Oyo, has secured clearance from markets regulator Sebi to raise ₹6,650 crore through its initial public offering (IPO), people familiar with the development said on Tuesday (June 2, 2026). The proposed public offering is expected to…

Read More “Oyo-parent Prism secures SEBI’s nod to launch ₹6,650-crore IPO” »

Business

India slips to seventh in global market cap rankings as South Korea pulls ahead

Posted on By admin
India slips to seventh in global market cap rankings as South Korea pulls ahead

Image used for representational purposes. File | Photo Credit: Getty Images/iStockphoto India’s equity markets slipped to seventh place in terms of market capitalisation on Tuesday (June 2, 2026) as heavy ​foreign selling, weak earnings growth and limited exposure to AI-linked stocks allowed ‌South Korea’s chip-heavy market to overtake it. South Korean stocks have rallied ​this…

Read More “India slips to seventh in global market cap rankings as South Korea pulls ahead” »

Business

Govt to replace WPI with Producer Price Index, new series from June 15

Posted on By admin
Govt to replace WPI with Producer Price Index, new series from June 15

The government will phase out the Wholesale Price Index (WPI) over the next five years while simultaneously introducing a more detailed Producer Price Index (PPI), covering output, input and services prices, in a bid to offer a more realistic assessment of inflationary trends in the economy. Speaking with reporters, Praveen Mahto, Principal Economic Adviser in…

Read More “Govt to replace WPI with Producer Price Index, new series from June 15” »

Business

LPG consumption declined 19% in May, petrol-diesel increased

Posted on By admin
LPG consumption declined 19% in May, petrol-diesel increased

Consumption of petrol increased 2.8% during the reported period while that of diesel rose less than 1%. File | Photo Credit: The Hindu In the third full month of the West Asia conflict, India’s consumption of liquified petroleum gas (LPG) declined more than 19% in May this year in comparison to the same period last…

Read More “LPG consumption declined 19% in May, petrol-diesel increased” »

Business

Wipro to up its stake in U.S. firm Aggne Global to 80%

Posted on By admin
Wipro to up its stake in U.S. firm Aggne Global to 80%

Wipro Limited and Wipro IT Services, had acquired 60% stake in Aggne Global in February 2024. File. | Photo Credit: Reuters Wipro IT Services will acquire an additional 20% stake in Aggne Global Inc, an insurtech company headquartered in Florida, with its primary global affiliate Aggne Global IT Services based in Hyderabad, Telangana. The cash deal,…

Read More “Wipro to up its stake in U.S. firm Aggne Global to 80%” »

Business

Milk supply situation comfortable; no intention to hike retail prices: Mother Dairy chairman

Posted on By admin
Milk supply situation comfortable; no intention to hike retail prices: Mother Dairy chairman

Mother Dairy chairman Meenesh Shah (right) and Deputy Managing Director Jayatheertha Chary during the launch of India’s first naturally degradable milk pouch, in New Delhi, on June 2, 2026. | Photo Credit: PTI Mother Dairy, which hiked milk prices by ₹2 per litre last month, on Tuesday (June 2, 2026) said there is no “intention”…

Read More “Milk supply situation comfortable; no intention to hike retail prices: Mother Dairy chairman” »

Business

Stock markets snap 4-day losses led by strong rally in IT firms; Sensex up 382 points

Posted on By admin
Stock markets snap 4-day losses led by strong rally in IT firms; Sensex up 382 points

Image used for representational purposes only. | Photo Credit: Reuters Snapping the four-day losing streak, benchmark BSE Sensex rebounded by 382 points on Tuesday (June 2, 2026), powered by a strong rally in IT shares. The 30-share BSE Sensex climbed 382.50 points, or 0.52%, to settle at 74,649.84 with 20 of its constituents ending higher…

Read More “Stock markets snap 4-day losses led by strong rally in IT firms; Sensex up 382 points” »

Business