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ChatGPT-maker OpenAI will lease a massive new data centre in the United States for 20 years, backed by a $105 billion financing commitment from Nvidia, according to a regulatory filing published Monday. The project will be built on the site of a former Cold War-era uranium enrichment plant in Ohio and could eventually grow to…
Read More “OpenAI to lease massive new AI data centre in U.S., backed by Nvidia” »
India’s rapid transition to a nationwide E20 fuel regime (petrol blended with 20% anhydrous ethanol) has triggered a complex multidimensional debate at the intersection of macroeconomic energy policy, automotive engineering, supply-chain quality control, and consumer protection. While championed by the Government of India to reduce crude oil import dependency, save foreign exchange, and reduce carbon…
Image used for representational purposes. | Photo Credit: Reuters Sun Pharmaceutical Industries on Monday (August 17, 2026) said an appellate court in the United States has passed a judgment in favour of the company and its subsidiaries in the antitrust litigation, in the U.S., relating to a 2008 patent litigation settlement agreement with Pfizer concerning…
Read More “Sun Pharma gets favourable verdict in antitrust-litigation in U.S.” »
Image used for representational purposes. File | Photo Credit: Reuters India’s soyoil imports are set to hit a record high in August as competitive prices prompt refiners to boost purchases for festive demand, while disruptions to sunflower oil shipments due to the Russia-Ukraine war push buyers to switch oils, dealers said. Soyoil imports in August…
Read More “India set for record soyoil imports as Russia-Ukraine war disrupts sunflower shipments” »
Union Minister of Electronics & Information Technology Ashwini Vaishnaw and Union MoS Jitin Prasada during handing over of Approvals under the Electronics Component Manufacturing Scheme, in New Delhi on August 17, 2026. | Photo Credit: ANI The Ministry of Electronics and Information Technology (MeitY) on Monday approved projects collectively worth ₹7,877 crore for incentives under…
Read More “IT Ministry approves ₹7,877 crore worth projects under electronic component scheme” »
Drugmaker Lupin on Monday said it has received the final approval from the U.S. Food and Drug Administration (U.S. FDA) for its abbreviated new drug application for Pitolisant Tablets, 4.45 mg and 17.8 mg. The U.S. FDA has approved the company’s generic as bioequivalent to Harmony Biosciences’ Wakix for the indications in the approved labeling….
Ather electric scooters are seen outside the showroom in Mumbai | Photo Credit: Reuters T Buoyed by a positive response in Nepal, Bengaluru-based electric two-wheeler maker Ather Energy said on Monday that it will launch the Ather 450X Overtones Series in the Himalayan nation. Ather entered Nepal in November 2023 with the 450 Series, marking…
Image used for representational purposes only. | Photo Credit: Reuters The rupee depreciated 19 paise to close at 95.61 (provisional) against the U.S. dollar on Monday (August 17, 2026), amid weak domestic equity markets and a surge in crude oil prices. Forex traders said the USD/INR pair is likely to trade with a slight negative…
Read More “Rupee falls 19 paise to close at 95.61 against U.S. dollar” »
Image used for representational purposes. File | Photo Credit: Reuters Benchmark indices Sensex and Nifty ended lower on Monday (August 17, 2026) amid rising crude oil prices and persistent geopolitical tensions in West Asia. The 30-share BSE Sensex declined 281.09 points, or 0.36%, to settle at 77,728.16. During the day, it dropped 555.5 points, or…
Read More “Nifty falls for 5th day; Sensex drops 281 points amid rising crude oil prices” »
Six listed REITs manage more than 214 million square feet of Grade A office and retail space across India | Photo Credit: The Hindu India’s six publicly listed Real Estate Investment Trusts (REITs) have collectively distributed ₹3,136 crore to more than 4.85 lakh unitholders during the first quarter (Q1) FY27, according to the Indian REITs…
Read More “Six listed Indian REITs distribute ₹3,136 cr to unitholders in Q1FY27” »