BUSINESS UNIT
India will need additional 25,000 EV fast chargers in next 3 years: Exicom CEO
India is projected to require an increased number of DC fast chargers to support electric vehicle sales growth. An estimate suggests that around 25,000 more chargers will be needed over the next three years. This requirement accounts for the expected growth in passenger vehicles, buses, and trucks. Exicom Tele-Systems has supplied a significant number of charging stations and aims for ongoing growth in this sector.
Google's expanding AI chip business opens new opportunities for Samsung, SK hynix beyond Nvidia
Google's strategy to boost its tensor processing units is likely to create greater demand for high-bandwidth memory from Samsung and SK hynix. With nearly 100 TPU clients, including Oracle ready to utilize Google's chips by 2024, both memory giants aim for long-term supply contracts as the need for HBM in custom AI chips accelerates. However, the transition from this potential to actual orders is hindered by current production obligations.
JSW Steel crude steel production rises 19 pc to 25.73 lakh tonnes in Oct
JSW Steel reported a 19% increase in crude steel production, reaching 25.73 lakh tonnes in October. The Indian operations contributed the majority of this production, totaling 24.86 lakh tonnes for the month. Additionally, JSW Steel USA-Ohio recorded a modest increase in steel output, totaling 0.87 lakh tonnes.
Central Asia's biggest state holds mega business meet in USA
The forum was organized by Kazakhstan’s Ministry of Foreign Affairs in cooperation with the Atameken National Chamber of Entrepreneurs and the U.S. Chamber of Commerce on the sidelines of the B20 Summit on Nov. 9. It brought together government officials, national companies, financial institutions and business representatives from both countries, including representatives of more than 100 American enterprises, according to a report in The Astana Times.
When is Veterans Day 2026? Are post offices, USPS, UPS and FedEx open or closed? Is there mail delivery?
When is Veterans Day?: Veterans Day 2026 falls on Wednesday, November 11. USPS post offices will be closed and regular mail delivery will be suspended on Veterans Day, while UPS will operate normally and FedEx will follow a modified service schedule. Regular USPS services will resume on Thursday, November 12.
Israeli AI security startup Bay raises $50 million
Bay says it addresses a primary barrier to AI adoption by "allowing autonomous agents to perform business-critical work safely while enterprises retain control and accountability at scale".
Alibaba chip unit T-Head files confidential Hong Kong IPO application
China's Alibaba Group said on Tuesday that its chip unit, T-Head, has confidentially filed a listing application with the Hong Kong Stock Exchange after receiving approval to proceed with a spin-off.
Cognizant commits over 25,000 professionals to Anthropic's Claude delivery
The group is focused on execution excellence, transformation and client success, with the scale to take AI from pilot to production across enterprises' core operations, the Nasdaq-listed IT company said.
8 outlets across Hyderabad in 8 years after quitting her IBM job: Techie turns her love for desserts into a thriving business
Sahithya Raj quit her SAP BI consultant job at IBM in December 2017 to turn her love for baking into a business. Starting with brownies and cupcakes from her apartment kitchen, she gradually expanded production, secured Rs 1.3 crore in funding and built a boutique bakehouse brand with eight locations across Hyderabad. She was recognised at Times Power Women 2026.
Rs 4 lakh per month from 400 sqft room: Nagpur couple grows Rs 6 lakh per kilo saffron without soil with 80% profit margin
This Nagpur couple earns over Rs 4 lakh per month from 400 sqft room. A Nagpur couple, Akshay Holey and Divya Lohakare Holey, has turned a 400-square-foot room into a saffron cultivation unit using aeroponic technology. By growing the expensive spice without soil, they have built a business generating annual revenue of Rs 40-50 lakh. Their saffron sells for around Rs 6.3 lakh per kg. After investing Rs 55 lakh, the couple targets to achieve Rs 1.3 crore earnings over in 5 years.
AI power rush sends data centres hunting for used turbines and jet engines
Utilities and developers are increasingly looking for second-hand gas turbines as new equipment takes longer to produce. Orders for gas turbines are significantly outpacing manufacturing capacity and are projected to reach 129 gigawatts. The AI data centre boom is driving demand and leading to higher prices for gas turbine equipment.
M&M bets on SUV growth, EV expansion and global aerospace orders to drive earnings
Mahindra & Mahindra has unveiled impressive revenue and profit figures, driven largely by the rising popularity of SUVs and electric vehicles. Looking ahead, the company is set to boost production capacity and launch several new vehicles. In contrast, the tractor sector's growth forecast has been adjusted to flat, influenced by unfavorable monsoon conditions and low water levels in reservoirs.
Airlines go premium as demand for business-class seats outpaces economy
Since 2020, airlines have increased the number of premium seats significantly to meet growing consumer demand. Airlines are adopting strategies to enhance premium offerings, including gourmet meals and exclusive lounges. This focus has resulted in premium products generating substantial ticket revenue. Various airlines are implementing new options, such as Economy Plus and first-class services.
Amit Shah to inaugurate, lay foundation stones for projects worth Rs 1,024 crore in Gujarat
Key projects being unveiled include a major flyover on the busy Sarkhej-Gandhinagar (SG) Highway, the Jodhpur Knowledge Hub, and an Urban Health Centre in Gota, along with housing allotment initiatives for Economically Weaker Section (EWS) beneficiaries.
Trump vows new US air show will be biggest in the world
CapeWeek is set to take place at Kennedy Space Center in Florida and is designed to promote American aerospace leadership. The event aims to surpass major air shows hosted internationally while attracting business from around the world. Trump emphasized this initiative after encouraging space companies to forgo an upcoming summit in Paris. This new conference will add to an existing array of global aviation events.
US Treasury sanctions Canadian money services firms over Iran-related transactions
US Treasury imposed financial sanctions on eight Canadian money services firms involved with sanctioned Iranian entities. The sanctions block access to dollar-based financial systems and prohibit transactions with US persons. Secretary of the Treasury Scott Bessent stated that Canada cannot provide safe havens for illicit financial facilitators. Additionally, MEXC Global, a virtual currency exchanger, was cut off from the US financial system.
Wipro reappoints Angan Guha as head of Americas 2
The move comes after Suzanne Dann, the former CEO for Wipro’s Americas-2 Strategic Market Unit, stepped down in April to pursue opportunities outside Wipro, India’s fourth largest IT services company.
Zee expands sports portfolio, secures exclusive PGTI multi-platform rights
Zee Entertainment Enterprises has acquired exclusive rights to broadcast the Professional Golf Tour of India. This partnership will feature 20 tournaments and provide up to 120 hours of live coverage. Bavesh Janavlekar stated that this collaboration aims to enhance the visibility of Indian golf. The initiative seeks to reach a broader audience, including both golf enthusiasts and new fans.
EAM Jaishankar discusses economic partnership, CETA with UK’s Burnham on CHOGM sidelines
S Jaishankar met UK Prime Minister Andy Burnham in Antigua and Barbuda for CHOGM 2026 discussions. They focused on strengthening economic partnerships under the Comprehensive Economic and Trade Agreement. Jaishankar emphasized the importance of digital solutions and climate initiatives during a Commonwealth meeting. He highlighted local distribution networks and the role of the Indian business community in fostering connections.
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