Category: Business

Business

U.S. clears H200 chip sales to 10 China firms as Nvidia CEO looks for breakthrough

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U.S. clears H200 chip sales to 10 China firms as Nvidia CEO looks for breakthrough

The U.S. has cleared around 10 Chinese firms to buy Nvidia’s second-most powerful AI chip, the H200, but not a single delivery has been made ‌so far, three people familiar with the matter said, leaving a major technology deal in limbo as CEO Jensen ​Huang seeks a breakthrough in China this week. Huang, who was…

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Business

Wholesale price inflation rises to 8.3% in April on sharp spike in fuel, power, crude

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Wholesale price inflation rises to 8.3% in April on sharp spike in fuel, power, crude

Inflation in food articles was 1.98% in April, compared to 1.90% in March. In non-food articles, inflation rose to 12.18% during April, 11.5% in the previous month, data released by the commerce and industry ministry showed. File | Photo Credit: The Hindu Wholesale price inflation shot up to 8.30% in April, from 3.88% in March,…

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Business

Sensex climbs 450 points on positive Asian peers

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Sensex climbs 450 points on positive Asian peers

Sensex and Nifty rise on May 14, 2026. File | Photo Credit: Reuters Benchmark equity indices c, driven by buying in banking shares and positive cues from Asian markets amid optimism surrounding the ongoing U.S.-China Summit. The 30-share BSE Sensex jumped 450.51 points, or 0.60%, to 75,059.49 in early trade. The 50-share NSE Nifty advanced…

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Rupee falls 20 paise to all-time low of 95.86 against U.S. dollar in early trade

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Rupee falls 20 paise to all-time low of 95.86 against U.S. dollar in early trade

The rupee has now weakened by more than 6% against the U.S. dollar since the West Asia conflict began, making it Asia’s worst-performing currency so far in 2026. File photo for representational purposes. | Photo Credit: Getty Images/iStockphoto The rupee opened on a weak note and depreciated 20 paise to a record low of 95.86…

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Business

Zydus Lifesciences arm to acquire U.S. oncology firm Assertio for $166 million

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Zydus Lifesciences arm to acquire U.S. oncology firm Assertio for 6 million

The transaction is structured as a tender offer to be followed by a merger, subject to customary closing conditions, including the tender of shares representing at least a majority of the total number of outstanding shares of Assertio common stock. | Photo Credit: Getty Images/istockphoto Zydus Lifesciences Ltd has announced that Zydus Worldwide DMCC, it’s subsidiary…

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Maruti Suzuki crosses 3 million vehicle dispatches through railways, eyes 35% share by rail

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Maruti Suzuki crosses 3 million vehicle dispatches through railways, eyes 35% share by rail

The progression from 2 million to 3 million cumulative rail-based vehicle dispatches has been achieved in 21 months, making it the fastest million for Maruti Suzuki’s operations, the company said. File. | Photo Credit: Reuters Maruti Suzuki India Limited said it has achieved a cumulative dispatch of over 3 million (30 lakh) vehicles through railways towards its commitment…

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Gold ETF prices revive as investors flock on higher import duties on yellow metal

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Gold ETF prices revive as investors flock on higher import duties on yellow metal

This image is used for representational purposes only. | Photo Credit: Getty Images/iStockphoto Gold (Exchange Traded Funds) rallied after trading sideways or staying calm for more than 3 months, as higher import duties have made them costly, on Wednesday (May 13, 2026). Gold ETFs, which are mutual-fund-like schemes that track gold prices, were a preferred…

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Business

Assam ships first legal agarwood chips to West Asia

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Assam ships first legal agarwood chips to West Asia

First legal consignment of agarwood from Assam is being flagged off from the Lokapriya Gopinath Bardoloi International Airport in Guwahati on May 13, 2026. | Photo Credit: Special Arrangement Assam marked a significant milestone in its agro-forest economy with the first legally approved export of agarwood chips to Saudi Arabia and the United Arab Emirates…

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Learn from Sri Lanka’s experience on impact of fertilizer supply chains: experts

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Learn from Sri Lanka’s experience on impact of fertilizer supply chains: experts

The panel discussion, “Impact of West Asia Crisis on Economic Disruptions & Sustainability: Implications for India”, focused on disruptions in trade, energy markets, and supply chains. The session featured, from left — S. Pandiaraj, professor of International Law and Trade, Saveetha School of Law; Col. Rajeev Agarwal, Senior Research Consultant, Chintan Research Foundation; and Sudha Meiyappan, member, Economic Affairs Committee, SICCI…

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