The IT firm will establish the AI data centre in partnership with homegrown AI startup Sarvam and Odisha govt BENGALURU: HCLTech plans to invest Rs 14,257 crore to set up its first AI data centre at the upcoming Odisha Sovereign AI Park, marking one of the country’s largest investments in sovereign AI infrastructure.The IT firm…
Trump loses bid to impose $100k fee on H-1B visa The Trump administration suffered a setback on Friday after a US federal appeals court refused to lift a ruling that blocks the government from charging a $100,000 fee for new H-1B visas.The 1st US Circuit Court of Appeals in Boston left in place a June…
Trump administration imposes tariffs Trump slaps 10% tariff on India, no major impact seen | page 23New Delhi: The US Trade Representative has announced 10% additional tariffs on India and several other countries for allowing import of goods using forced labour.The “permanent” levy after a Section 301 probe, which was on expected lines, will replace…
Flipkart Group CEO Kalyan Krishnamurthy NEW DELHI: Flipkart is set to take on Zomato and Swiggy in the food delivery space as it expands its offerings. In an interview, Flipkart Group CEO Kalyan Krishnamurthy argues that companies that execute well with a good value proposition can disrupt the market even if they enter the arena…
Rahul Bhatia, promoter and MD of India’s largest carrier IndiGo NEW DELHI: Rahul Bhatia, promoter and MD of India’s largest carrier IndiGo, has opposed the proposed move to allow airport operators in India to own and run airlines too. “There is no global precedent for this. It raises massive conflict-of-interest concerns, and it is unclear…
US President Donald Trump on Thursday imposed fresh tariffs on imports from 60 economies over concerns related to forced labour practices, with India among 17 economies that will face a lower 10% tariff instead of the proposed 12.5% duty.The new tariffs, imposed under Section 301 of the Trade Act of 1974 took effect at 12.01…
A fall in oil prices offered some relief to Wall Street on Friday, but was not enough to reverse the week’s broader losses. Investors continued to weigh the impact of the Middle East conflict, fresh US tariffs and uncertainty over the Federal Reserve’s next policy move.S&P 500 rose 40.73 points, or 0.55%, to 7,449.03, while…
A total of 60 economies were being probed by the Donald Trump administration under the Section 301 probe. (AP Photo) The Donald Trump administration has announced a fresh set of tariffs as its Section 122 duties expire on July 24. The new tariffs, imposed under the Section 301 probe, see India being levied a reduced…
File photo: Union minister Ashwini Vaishnaw speaks during a cabinet briefing, in New Delhi The Union cabinet on Friday approved a Rs 1,264-crore railway project to add a third and fourth rail line on the Ballari-Guntakal section across Karnataka and Andhra Pradesh, aiming to ease congestion, improve freight movement and strengthen connectivity along a key…
Dalal Street ended lower for the fifth straight session on Friday as a mix of global and domestic headwinds kept investors on edge. Concerns over escalating tensions in the Middle East, crude oil prices soaring to $100 per barrel, FII selling and other cues weighed down market sentiment.BSE Sensex closed 331.62 points, or 0.43%, lower…
