Apple’s China chip gamble: Is it ready to bet on Pentagon-blacklisted CXMT and YMTC to win the AI race?
Apple’s China chip gamble: Is it ready to bet on Pentagon-blacklisted CXMT and YMTC to win the AI race?
Summary: The AI revolution has driven a surge in demand for memory chips, with companies like Apple seeking to secure supply from Chinese firms CXMT and YMTC despite their status on the Pentagon blacklist.
Qualcomm plans to hike smartphone processor prices by double digits — Who will be impacted?
Qualcomm plans to hike smartphone processor prices by double digits — Who will be impacted?
Summary: Qualcomm plans to raise smartphone processor prices by double digits to address rising supplier costs and ongoing semiconductor shortages. Details here.
Samsung Electronics wins $200 billion Broadcom AI chip partnership, boosting foundry push
Samsung Electronics wins $200 billion Broadcom AI chip partnership, boosting foundry push
Summary: Samsung Electronics said it struck a pact with US chip designer Broadcom to widen cooperation across memory chips, contract chip making and advanced packaging envisaged to exceed $200 billion until 2030.
Nvidia, SK Group announce $500 billion AI initiative, Huang says, ‘powering next wave of growth’
Nvidia, SK Group announce $500 billion AI initiative, Huang says, ‘powering next wave of growth’
Summary: NVIDIA and SK Group announced a $500 billion AI initiative, partnering with SK Hynix for next-gen memory development and data centers. SK Telecom will launch a 2-gigawatt AI data center by 2027, positioning South Korea as a global AI leader.
Paramount agrees to delay closing Warner buyout for months while judge considers states challenge
Paramount agrees to delay closing Warner buyout for months while judge considers states challenge
Summary: Paramount agrees to delay closing Warner buyout for months while judge considers states' challenge
Ex-VW Engineers Charged With Insider Trading on Rivian Venture
Ex-VW Engineers Charged With Insider Trading on Rivian Venture
Summary: Two former Volkswagen AG engineers were arrested for insider trading over bets they placed ahead of the German carmaker’s announcement of a $5 billion joint venture with electric-vehicle maker Rivian Automotive Inc.
Manipal Hospitals' ₹9,275 crore IPO to strengthen balance sheet for growth
Manipal Hospitals' ₹9,275 crore IPO to strengthen balance sheet for growth
Summary: Manipal Health Enterprises will use most of its ₹9,275 crore IPO proceeds to cut debt, giving India's largest hospital chain by bed capacity room to raise capital for future acquisitions and expansion. The Temasek-backed company opens its IPO on 29 July with a price band of ₹560-590 per share.
Jindal Steel brings back former MD Sharma after CEO churn, revamps top leadership
Jindal Steel brings back former MD Sharma after CEO churn, revamps top leadership
Summary: Besides Sharma's reappointment as MD, Jindal Steel announced appointments to the offices of chief financial officer, chief operating officer, and head of human resources, marking one of its biggest management overhauls in years
Strong metal prices help Hindustan Zinc kick off FY27 on a high note
Strong metal prices help Hindustan Zinc kick off FY27 on a high note
Summary: Hindustan Zinc also reported its lowest quarterly zinc cost of production, excluding royalty, since shifting to underground mining, helping further lift profitability.
Amber Enterprises-owned IL JIN Electronics picks bankers for ₹3,500 crore IPO
Amber Enterprises-owned IL JIN Electronics picks bankers for ₹3,500 crore IPO
Summary: IL JIN Electronics is expected to file its draft papers soon and is targeting a listing by the end of 2026-27.
Tata Consumer net profit up 29% amid higher volumes
Tata Consumer net profit up 29% amid higher volumes
Summary: Tata Consumer reported consolidated revenue of ₹5,349 crore in the quarter, up 12% from the same period a year ago
Swiggy says Instamart can double volumes without major network expansion
Swiggy says Instamart can double volumes without major network expansion
Summary: The company is betting on higher asset utilisation, bigger baskets and a wider product mix after years of rapid expansion, even as competition in quick commerce remains intense.
The premium grocery business has burned retailers. This ex-Metro chief knows why.
The premium grocery business has burned retailers. This ex-Metro chief knows why.
Summary: Arvind Mediratta, who previously served as CEO of the India arm of Metro A.G, launched Fresh Terra, betting on premium grocery retail, a concept that Reliance, Godrej, and the Goenkas have tried their hand at.
Delhi HC dismisses allegations of copyright infringement against ChatGPT
Delhi HC dismisses allegations of copyright infringement against ChatGPT
Summary: The dispute began in November 2024 when ANI sued OpenAI, alleging that the company used its copyrighted news reports without permission to train ChatGPT
India's Adani Energy Solutions wins $880.8 million project in Andhra Pradesh state
India's Adani Energy Solutions wins $880.8 million project in Andhra Pradesh state
Summary: Adani Energy Solutions said won an $880.83 million interstate transmission project in Andhra Pradesh to supply power to planned green hydrogen and ammonia projects.
Bain Capital to acquire UK-based Vitabiotics
Bain Capital to acquire UK-based Vitabiotics
Summary: The deal includes the acquisition of Meyer Organics in India, and its operations in Africa and Egypt,
Localization mandates set to widen and end lucrative arbitrage for Indian solar cell companies
Localization mandates set to widen and end lucrative arbitrage for Indian solar cell companies
Summary: While some of India's solar module manufacturers are benefitting from selling to cell-less competitors, a push for localization is reshaping the market dynamics ahead of mandatory domestic cell use in 2027.
Why Infosys picked Dash: AI bets, continuity and the search for stability
Why Infosys picked Dash: AI bets, continuity and the search for stability
Summary: Infosys’ decision to name company veteran Ashiss Dash as its next CEO is a bet on continuity and AI leadership to navigate an uncertain future for IT services.
Sorin Investments set to launch second fund with a ₹2,000 crore corpus
Sorin Investments set to launch second fund with a ₹2,000 crore corpus
Summary: Sanjay Nayar-led Sorin Investments is preparing to raise about ₹2,000 crore for its second fund as startup investing revives, with AI, deep-tech and space tech among areas it may expand into.
Nuclear fusion startups seek regulatory clarity, more patient capital
Nuclear fusion startups seek regulatory clarity, more patient capital
Summary: One of the key recommendations from fusion startups is to create a separate regulatory framework for fusion reactors, arguing that the current law largely applies rules designed for conventional fission reactors
Consulting partner pool soars, taps academia, policy and tech too
Consulting partner pool soars, taps academia, policy and tech too
Summary: Consulting and Big Four firms in India have more than doubled their partner ranks over last three to five years amid rising demand for specialized expertise. They are also hiring beyond traditional consulting into tech, academia, and startups as AI reshapes client needs.
South African Deputy Minister Quits as $220 Billion Fund’s Chair
South African Deputy Minister Quits as $220 Billion Fund’s Chair
Summary: South Africa’s deputy finance minister quit as the chairman of a state-owned firm that oversees $220 billion of government pensions, days before he faced being removed from the post.
Blackstone profits jump, boosted by exits and bets on AI
Blackstone profits jump, boosted by exits and bets on AI
Summary: Blackstone Inc. reported a 26% jump in distributable earnings for the second quarter, buoyed by profits from exits and its artificial intelligence-related investments.
Air India, Saudia sign MoU to expand codeshare, strengthen India-Saudi air connectivity
Air India, Saudia sign MoU to expand codeshare, strengthen India-Saudi air connectivity
Summary: The agreement aims to boost connectivity, explore terminal co-location, integrate loyalty programmes and identify new commercial opportunities.
Infosys clocks weakest Q1 in six years, picks Dash for CEO
Infosys clocks weakest Q1 in six years, picks Dash for CEO
Summary: Bengaluru-based Infosys marked a slow start to the fiscal year, even though it met analysts' expectations and outperformed three of its four large rivals. The company clocked $5.08 billion in revenue in the June quarter, up 0.83% sequentially and 2.8% on a yearly basis.
Byju's founders get relief, NCLT stays insolvency bidding process till August 31 — Here's all we know
Byju's founders get relief, NCLT stays insolvency bidding process till August 31 — Here's all we know
Summary: The NCLT's Bengaluru Bench has stayed the insolvency bidding process of Byju's parent Think & Learn until August 31, granting interim relief to the company's founders.
Anthropic may require all employees to follow preset stock sale plans after IPO: Report
Anthropic may require all employees to follow preset stock sale plans after IPO: Report
Summary: The Claude code creator and rival OpenAI are racing to go public as investor appetite for artificial intelligence fuels soaring valuations and companies compete to set the benchmark for valuing frontier AI firms.
Eight Roads, Flipkart, IMM offer Shadowfax shares worth ₹1,048 crore as lock-in ends
Eight Roads, Flipkart, IMM offer Shadowfax shares worth ₹1,048 crore as lock-in ends
Summary: Early institutional backers and key commercial partners move to trim holdings via secondary market block deals as 49% of the logistics firm's total shareholding becomes tradeable.
Cipla expects US sales ramp-up in FY27, maintains full year guidance
Cipla expects US sales ramp-up in FY27, maintains full year guidance
Summary: The company is maintaining a full-year Ebitda margin guidance of 18.5-20% with US sales at a run rate of $1 billion by the end of the fiscal, as it plans to launch key new products during the year.
Conflict of interest if airport operators own airlines: IndiGo MD
Conflict of interest if airport operators own airlines: IndiGo MD
Summary: For Indigo, higher fuel costs led to a ₹238 crore consolidated loss in the April-June period, compared with a ₹2176.3 crore profit a year ago.
Eli Lilly’s next-generation weight-loss shot clears another hurdle
Eli Lilly’s next-generation weight-loss shot clears another hurdle
Summary: Eli Lilly & Co.’s highly anticipated next-generation weight-loss shot didn’t increase overall heart risk in a new study, the company said, helping dispel lingering concerns over its potential as it nears regulatory review.
SpiceJet adds 3 damp-leased Airbus A320s as fleet expansion plans take off
SpiceJet adds 3 damp-leased Airbus A320s as fleet expansion plans take off
Summary: SpiceJet says the newly inducted aircraft will help strengthen connectivity on key domestic routes while supporting its broader expansion plans.
Hindalco chairman Kumar Mangalam Birla unfazed by new rivals in aluminium
Hindalco chairman Kumar Mangalam Birla unfazed by new rivals in aluminium
Summary: Hindalco chairman Kumar Mangalam Birla dismissed competitive threats from Adani Group's new $11.5 billion aluminium venture, citing the company's low-cost production edge. The AGM comments came even as Hindalco reported a 15% revenue rise but a 16% profit drop in FY26 due to Novelis fires.
Google hit with $1 billion EU fine over search, play store breaches — here's why
Google hit with $1 billion EU fine over search, play store breaches — here's why
Summary: Alphabet Inc.’s Google was fined a total of €890 million ($1 billion) by the European Union for violating the bloc’s Digital Markets Act, in a decision that risks further inflaming tensions with US President Donald Trump.
Meesho beats Q1 revenue estimates as marketplace growth narrows loss
Meesho beats Q1 revenue estimates as marketplace growth narrows loss
Summary: Meesho reported consolidated revenue from operations of ₹3,712.8 crore for the June quarter.
