MUMBAI: Adani Group will invest $100 billion to build renewable energy-powered AI-ready data centres by 2035 as the ports-to-power conglomerate seeks to cash in on India’s attempt to pitch itself as the hub of AI infrastructure. The investment is expected to “catalyse” an additional $150 billion investment across server manufacturing, advanced electrical infrastructure and related…
MUMBAI: Real estate, infrastructure, and corporate sectors are set to gain wider access to overseas funding with RBI overhauling external commercial borrowing (ECB) rules, sharply expanding the pool of eligible borrowers and clarifying permissible uses under the Foreign Exchange Management Act, 1999 framework.The amended regulations shift the ECB regime from a restricted, sector-based eligibility model…
Warren Buffett speaks during the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska, on May 4, 2024. CNBC Warren Buffett’s Berkshire Hathaway trimmed more of its Apple stake and began a new position in The New York Times in the fourth quarter, according to a new securities filing. The Omaha-based conglomerate disclosed that it pared…
CHENNAI: Over eight years after a trial court acquitted 23 accused of killing a man over an election rivalry in Villupuram in 2013, Madras HC on Tuesday reversed the order and convicted and sentenced 21 of them to life imprisonment.“On a careful re-appreciation of the entire evidence on record, we find that the prosecution proved…
Two of Abu Dhabi’s major investment firms increased their exposure to bitcoin BTC$68,324.61 in the fourth quarter of 2025, buying into BlackRock’s spot bitcoin ETF as the market fell, according to recent regulatory filings. Mubadala Investment Company, a sovereign wealth fund backed by the Abu Dhabi government, added nearly four million shares of BlackRock’s iShares…
Check out the companies making headlines in after-hours trading. Palo Alto Networks — Shares of the cybersecurity company tumbled almost 6% after Palo Alto issued a weak earnings forecast for the current quarter. The company sees adjusted earnings for the fiscal third quarter ranging from 78 cents to 80 cents per share, while the LSEG…
NEW DELHI: Tina Ambani, the wife of Anil Ambani of Reliance group, skipped her second date with the Enforcement Directorate (ED) on Tuesday. She did not appear at the agency’s headquarters here on a summons issued in connection with a money laundering probe. Tina was earlier summoned on Feb 9. Her husband has been summoned…
Elemental Royalty Corporation (ELE) is now offering shareholders something no other public gold company has before: the option to receive dividends in blockchain-based tokens backed by gold. In a move announced Tuesday, the Canada-based royalty company said it will distribute shareholder returns using stablecoin issuer Tether’s tokenized gold, Tether Gold (XAUT). Shareholders choosing this route…
NEW DELHI: The Supreme Court has ruled that development isn’t an absolute goal and that the right to a clean environment, which is part of the right to life, cannot be traded off with economic benefits. Declining permission for change of land for a cement factory to come up at Sangrur, Punjab, close to farms…
Prime Minister Narendra Modi NEW DELHI: At a joint press meet with French President Emmanuel Macron on Tuesday, Prime Minister Narendra Modi remembered Indian soldiers who participated in the first World War and Hindutva ideologue Veer Savarkar, as the PM recalled their association with France’s port city Marseille which he had visited last year.“Marseille is…
