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Nvidia faced pressure to boost its AI backstop before Jensen Huang's exit
Nvidia's ambitious $500 billion AI financing partnership with six major Wall Street firms is facing hurdles, with customers and financial partners seeking a larger financing backstop than the chipmaker's proposed 25%. No deals have emerged so far, and Jensen Huang's exit as CEO adds uncertainty, potentially delaying the first transaction until January.
Government prepares draft sustainable aviation fuels policy; moots mandatory blending in ATF from 2027
The civil aviation ministry has circulated the draft National Policy on Sustainable Aviation Fuels which mandates use of only indigenously manufactured SAF to be blended with Aviation Turbine Fuel (ATF).
Sounds of sustainability: Yamaha’s test of whether instrument-making and forest conservation can strike a chord
Yamaha's environmental initiative is dedicated to conserving and cultivating forests used in musical instrument production, with a specific focus on preserving Indian rosewood.
Fuel, forex and farmers: Why India is betting big on maize
A grain that once fed chickens now fuels cars and, soon, planes. The harder question is whether Indian farms can keep up with the demand it has created.
Besides the bubble, a big AI risk could be growing in the shadows
Investors are worried about potential financial risks linked to Big Tech's investments in AI infrastructure. The technology sector recently experienced a significant sell-off, indicating growing nervousness among shareholders. S&P Global predicts considerable expenses on data centres for major companies like Amazon and Microsoft through 2030.
Sagility block deal: Promoter Sagility BV likely to sell 12% stake for Rs 2,377 crore
Sagility promoter Sagility B.V. is reportedly planning a 12% stake sale worth ₹2,377 crore through a block deal. The healthcare IT services firm posted 22.5% revenue growth and 8.1% adjusted profit growth in Q2 FY27.
JSW Energy Q2 profit jumps 50%; 3 gigawatt target on track
JSW Energy has reported a 49.9% year-on-year increase in consolidated net profit for the second quarter. The company's consolidated revenue from operations rose by 23%, showcasing significant growth over the last year. During this quarter, JSW Energy added 813 MW of capacity, including substantial renewable energy projects. The company aims to achieve a capacity addition target of 3 GW by the end of FY27.
Canadian billionaire and Asian banking titans find ₹1.32 lakh crore worth of interest in India
In recent months, foreign investment in India’s financial sector has grown significantly, resulting in major acquisitions. Fairfax Financial Holdings secured a large stake in IDBI Bank, while Mitsubishi UFJ Financial Group poured resources into Shriram Finance. Additionally, Emirates NBD established a notable presence in RBL Bank. Such initiatives promise to alter the competitive dynamics and improve service capabilities in the Indian banking sector.
FDA suspends licences of warehouses of Reliance Consumer, Reliance Retail, Blinkit, Zomato Hyperpure
Maharashtra FDA has taken action against five warehouses for selling expired food products worth over Rs 48 lakh. Inspections revealed serious hygiene issues, including rodent infestations and lack of proper documentation. Warehouses operated by Reliance, Zomato Hyperpure, and Blinkit were found violating safety protocols significantly. Two unlicensed establishments were also shut down for storing and selling expired products.
Beyond Oil: How bioenergy investments can rebalance India-Russia trade
Russia now exports more than $60 billion worth of goods annually to India, primarily crude oil, petroleum products, coal, and fertilisers.
Cabinet approves Rs 52,878 crore IDBI Bank sale to Fairfax arm in India’s largest financial-sector FDI
The Cabinet Committee on Economic Affairs has approved the strategic sale of IDBI Bank to a Fairfax Group arm, Union Minister Ashwini Vaishnaw said. The government and Life Insurance Corporation of India will retain a combined 34% stake in the restructured entity. Vaishnaw called it India’s largest financial-sector FDI.
Vedanta dividend alert! Anil Agarwal-led firm announces Rs 5/share interim dividend for FY27. Check record date
Vedanta dividend 2026: Vedanta has announced its first interim dividend of Rs 5 per share for FY27, with a total payout of Rs 1,955 crore. The dividend comes after the company’s mega demerger earlier this year. Investors will need to hold Vedanta shares by October 14 to qualify, with October 13 being the last buying day.
Nvidia's bet that its chips can finance the AI boom gets a Wall Street reality check
By Saeed Azhar, Max A.- Nvidia's mammoth financing plan has opened a debate on Wall Street about how much its advanced chips and the infrastructure around them are worth.
UPI volumes slip; Moneyview makes strong market debut
UPI transaction volumes in September moderated from the record high of August. This and more in today’s ETtech Top 5.
Orbital Shift: India's space sector undergoing biggest transformation; pvt firms handle rockets, ISRO focus on more ambitious missions
India's space sector is undergoing significant changes as private companies engage in rocket production and management. The Indian Space Research Organisation is shifting its focus towards more ambitious missions and projects. This transition follows the introduction of the Indian Space Policy 2023, which emphasizes private sector participation. Concerns have been raised by ISRO employees regarding the agency's future and potential loss of capabilities.
Nitin Gadkari says plain sugar's future not bright: After E20, transport minister wants sugar mills to produce a gas that can be used in CNG vehicles and fuel that can power aircrafts
Nitin Gadkari news: Nitin Gadkari has highlighted the importance of sugar mills diversifying into producing compressed biogas and ethanol. He mentioned that value-added by-products could enhance farmers' incomes significantly. The minister noted that converting sugarcane waste into usable products could reduce fossil fuel imports. A government scheme aims to significantly increase India's CBG production in the coming years. Furthermore, this initiative could create millions of jobs and boost the rural economy over time.
Govt rolls out GOBARdhan rules with assured CBG offtake, 10-year price support
The government’s Rs 23,731-crore GOBARdhan scheme aims to give India’s CBG industry a more predictable business model, with assured offtake, a government-backed price for at least 10 years and capital support. The framework seeks to address buyer and financing concerns, while turning agricultural waste, cattle dung and other organic waste into energy.
The right profit, the wrong story: How segment reporting can mislead investors
Segment reporting is supposed to be a window into each business a company runs. In some cases, it has become a source of dispute. Auditors have formally objected when a company did not show how its separate businesses performed. And in one case, management's written reply was that it would "take care" of the qualification. A regulator found another company's segment reporting "deficient" against accounting standards, and went on to question the auditor's work as well.
Motilal Oswal sees surging steel prices to offset cost inflation for metal majors. Here are its top stock picks
Motilal Oswal expects firm steel prices, lean inventories and resilient demand to support a shift toward pricing- and cost-led earnings growth for domestic steelmakers. The brokerage sees stronger realisations ahead and favours companies with cost advantages and raw-material access, naming JSW Steel and Tata Steel as its top picks.
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