Category: Business

Business

Alibaba, Baidu begin using own chips to train AI models: Report

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Alibaba, Baidu begin using own chips to train AI models: Report

Alibaba and Baidu did not immediately respond to Reuters requests for comment [File] | Photo Credit: REUTERS China’s Alibaba and Baidu have started using internally designed chips to train their AI models, partly replacing those made by Nvidia, The Information reported on Thursday, citing four people with direct knowledge of the matter. Alibaba has been…

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ICICI Prudential Life reports Claim Settlement Ratio of 99.6% in Q1

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ICICI Prudential Life reports Claim Settlement Ratio of 99.6% in Q1

ICICI Prudential Life Insurance has declared claim settlement ratio of 99.60% for first quarter of financial year 2026.-27 Amish Banker, Chief Operations Officer, ICICI Prudential Life Insurance said, “Claims are where promises meet reality. Every claim is handled with utmost sensitivity and processed quickly.” “The company settled death claims totalling ₹406.89 crore in Q1FY26. Leveraging…

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Helios eyes 39% growth in East with festive launches

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Helios eyes 39% growth in East with festive launches

Inauguration ceremony of India’s finest multi-brand watch retailer, Helios. Image used for representative purpose only. | Photo Credit: Ashoke Chakrabarty Titan’s Helios is eyeing a 39% growth in regional sales as premium watch purchases during festive season are expected to pick up in eastern India. On September 6, the watch retail chain unveiled its festive…

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China digs in on ‘rare earth’, commands global market

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China digs in on ‘rare earth’, commands global market

Last month, China’s Ministry of Industry and Information Technology introduced interim measures to tighten controls on ‘rare earth’ mining and processing. The rules are the latest in Beijing’s efforts to centralise oversight of extraction, exports, and refining. While China’s trading partners such as India and the U.S. are seeking alternative sources to reduce dependency, data…

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Business

Infosys announces biggest-ever share buyback of ₹18,000 cr.

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Infosys announces biggest-ever share buyback of ₹18,000 cr.

FILE PHOTO: An employees walks past a signage board in the Infosys campus at the Electronics City IT district in Bangalore, February 28, 2012. REUTERS/Vivek Prakash/File Photo | Photo Credit: Reuters Infosys Ltd., Bengaluru-based tech services and digital transformation firm, has announced its biggest-ever share buyback of ₹18,000 crore at a 19% premium, as per…

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Business

Working to blend isobutanol with diesel after ethanol blending failed: Gadkari

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Working to blend isobutanol with diesel after ethanol blending failed: Gadkari

Nitin Gadkari | Photo Credit: The Automotive Research Association of India (ARAI) is working to explore the possibility of blending 10% isobutanol with diesel, Union Minister for Transport Nitin Gadkari said Thursday. Speaking at the annual conclave of the India Sugar and Bio-Energy Manufacturers Association (ISMA), Mr. Gadkari said whilst trials of blending one-tenth ethanol…

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Government to conduct two key economic surveys on household finances from July 2026

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Government to conduct two key economic surveys on household finances from July 2026

This image is used for representational purpose only. | Photo Credit: Getty Images/iStockphoto The Ministry of Statistics and Programme Implementation is all set to conduct two key economic surveys — to measure household finances and to gauge the economic situation of India’s farmers — between July 2026 and June 2027, the Ministry announced on Thursday…

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Business

Rupee plunges 36 paise to close at all-time low of 88.47 against U.S. dollar

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Rupee plunges 36 paise to close at all-time low of 88.47 against U.S. dollar

The Indian Rupee logo is seen inside the Reserve Bank of India (RBI) headquarters in Mumbai. | Photo Credit: Reuters The rupee slumped 36 paise and closed for the day at an all-time low of 88.47 (provisional) against the U.S. dollar, as ongoing tariff issue between India and the U.S. weighed heavily on the domestic…

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Business

E20 fuel safe but curbs vehicle performance: Mahindra executive

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E20 fuel safe but curbs vehicle performance: Mahindra executive

Representational image only. File | Photo Credit: AP “Fuel blended with 20% ethanol is safe to use,” an executive at SUV maker Mahindra & Mahindra said on Thursday (September 11, 2025) as E20 was rolled out in a clean energy drive, but he added that vehicles could see reduced mileage and acceleration. E20 recently became…

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Business

Sensex climbs 123.58 points; Nifty takes winning run to seventh day

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Sensex climbs 123.58 points; Nifty takes winning run to seventh day

Sensex climbed 123.58 points or 0.15%, to settle at 81,548.73. Nifty rose by 32.40 points or 0.13%, to close at a nearly three-week high of 25,005.50. File | Photo Credit: Reuters Benchmark BSE Sensex climbed 123 points while broader Nifty settled above 25,000 on Thursday (September 11, 2025), tracking a rally in global peers amid…

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