[ad_1] New Delhi: For India’s dreams to pump up growth with a heavy dose of infrastructure spending, the latest data on highway building provides a tough reality check. Highway building in FY25 lagged previous year’s levels while new project awards remained virtually unchanged, latest data for the period up to February showed. While construction was…
[ad_1] New Delhi: An incentive scheme for local manufacturing of a range of electronic components from smartphone displays to battery cells to camera modules was notified on Tuesday by the central government, giving a fillip to manufacturers looking to boost domestic capacity through greenfield or brownfield investments. The Electronics Component Manufacturing Scheme (ECMS) will start…
[ad_1] Good artists copy. Great artists steal. If the global auto industry wants to survive the next decade, it had better start following that maxim, and fast. Xiaomi’s $5.5 billion share sale in Hong Kong on Tuesday, coming just a few weeks after BYD raised $5.6 billion in the same market, is another warning tremor…
[ad_1] Cloud firms that rent out servers have been some of the early winners in the AI revolution. Some of the early winners in the AI boom are the cloud companies that rent out servers—primarily Amazon.com, Microsoft, and Alphabet. But investors have had to take the promise of these so-called hyperscalers somewhat on faith—the economic…
[ad_1] Mumbai: After finance minister Nirmala Sitharaman delivered a consumption-supporting budget, the ball is now in the Reserve Bank of India’s (RBI) court to deliver the last-mile push to growth with a rate cut next week. A majority of economists believe that the budget has set the stage for a rate cut by keeping fiscal…
[ad_1] For the upcoming budget year, nominal gross domestic product (GDP) has been projected to grow at 10.1% over the half year-based First Advance Estimate (FAE) for the current year, yielding a budgeted GDP denominator of â‚ą356.97 trillion for 2025-26. The Second Advance Estimate (SAE) for 2024-25 will soon follow at February-end, and at May-end…
[ad_1] In the wake of a breakthrough by Chinese upstart DeepSeek in affordable AI computing, executives at Microsoft and Meta have defended their significant investments in AI infrastructure, despite growing concerns over mounting costs and investor impatience. DeepSeek, a rising player in the AI space, has stunned the tech industry with claims that its models…
[ad_1] At 6.4%, India’s likely growth rate for 2024-25 as estimated by the National Statistics Office, would be lower than not just earlier estimates, but even the recently revised estimate of the central bank. Mint columnist Vivek Kaul has pointed out how non-financial listed companies have struggled to grow net sales by just a percentage…
