SUPPLY CHAIN CHALLENGES
Sam Altman becomes Ram Altman: OpenAI CEO accepts suggestion, changes display name on X
OpenAI CEO Sam Altman has changed his display name on X to "Ram Altman" after facing online criticism over his remarks about the use of Random Access Memory (RAM) in personal computers. The controversy started after his appearance on the Cheeky Pint podcast, where he questioned whether allocating large amounts of memory to individual desktop and laptop users was an efficient use of limited global supplies.
BMW Q3 profit falls 15% as China competition weighs
BMW reported a 15% year-on-year decline in third-quarter net profit to 1.45 billion euros, a day after issuing its second profit warning of 2026. Intensifying competition from Chinese automakers, rising costs and weaker demand in China are weighing on the German luxury carmaker. Its vehicle deliveries in China plunged 24.8% during the quarter, while global deliveries fell 6.3%.
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.
India's natural diamond industry eyes revenue stabilisation at $15 billion, not recovery
An analysis indicates India's natural diamond industry's revenues are projected to stabilize rather than rebound. Domestic demand is expected to cushion export weaknesses, particularly from the US and China. Lab-grown diamonds are reshaping the entry-level segment, affecting market dynamics and pricing. While profitability faces pressure, supply discipline is helping maintain stability in credit profiles. Overall, improved inventory and consumption trends could support a more robust industry outlook.
Are Russia, China, Iran planning to carry out large scale cyberattacks bigger than Europe supermarket fridges hacking? Top Britain official reveals shocking details
Moscow, Beijing and Tehran have all repeatedly denied similar accusations of malevolent cyber actions in the past.
Gulf Oil eyes market leadership in India, global expansion to drive next growth phase
Gulf Oil aims to surpass its rival and achieve the market leader status in India's lubricants sector. The company plans to invest approximately ₹55 crore to expand its manufacturing capacity significantly. Growth is expected from B2B, industrial, and infrastructure segments, alongside exploring new niches like data centre cooling.
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India needs indigenous technologies to ensure energy security: Union Minister G Kishan Reddy
At the NIT Raipur convocation, Union Minister G Kishan Reddy emphasized India's need for innovations in energy, mining, and healthcare. He noted significant growth in higher education infrastructure and international rankings over the past decade. Reddy mentioned government initiatives aimed at supporting research and development in technology sectors. He encouraged graduates to tackle real-world challenges in their fields over the next three years.
India to host IORA foreign ministers amid Gulf energy supply concerns
India plans to host foreign ministers from various Indian Ocean Region countries later this month. The meeting will occur amid ongoing energy supply challenges stemming from the conflict in West Asia. Key discussions will revolve around predictable supply chains and energy supply disruptions. This ministerial meeting is part of India's preparations for the upcoming IORA summit in 2027.
ideaForge records profit in Q2 as revenue rises 124% to Rs 91 crore
"Building on the steady start of the year in Q1 FY27, Q2 FY27 saw continued progress in order book execution, new product development, and preparations to capitalise on upcoming procurement opportunities," cofounder and chief executive Ankit Mehta said in a statement.
India’s small companies need to see AI as more than an artificial promise
India MSME news: India's micro, small and medium enterprises are exploring the adoption of artificial intelligence to enhance productivity. AI is expected to generate significant economic value for these enterprises in manufacturing and services sectors. Various challenges remain regarding the integration of AI into existing workflows and overcoming cost barriers. Collaborative efforts among industry bodies, technology providers, and the government are essential for facilitating this transition.
India-New Zealand FTA: Expanding India’s footprint in Oceania
More than a trade deal, the India-New Zealand FTA is a strategic gateway to new markets, fresh investment and stronger capabilities, positioning India to compete, connect, and grow across the Asia-Pacific.
China's international criticism on Covid toughened its attitude: Foreign Secretary
Vikram Misri indicated that international condemnation impacted China's approach to the Covid-19 pandemic effectively. He noted that China perceived itself as being unfairly blamed for the outbreak. Misri explained how returning to China involved a strict 21-day quarantine during the pandemic period. The restrictions further complicated diplomatic relations, especially during the Galwan clash in 2020. China's response also affected global supply chains, creating challenges for various countries, including India.
EAM Jaishankar discusses Ukraine-Russia conflict solutions amid G20 summit
India has engaged in discussions with Russia, Europe, and Ukraine regarding the ongoing conflict and its impact. These talks focused on preventing attacks on civilian shipping and restoring grain exports affected by Black Sea disruptions. External Affairs Minister S. Jaishankar emphasised the complexity of discussions around ceasing attacks on energy installations. Various interpretations of what constitutes energy installations have complicated these discussions.
'Took stock of our bilateral cooperation': EAM Jaishankar meets US Secy of State Rubio on sidelines of G20
S Jaishankar held a bilateral meeting with US Secretary of State Marco Rubio in Atlanta. The meeting focused on enhancing India-US cooperation and addressing geopolitical issues. Jaishankar emphasized that military solutions are not viable for resolving global challenges. Rubio also highlighted the importance of protecting economic and maritime security during the discussions. The G20 Foreign Ministers' Meeting concluded with crucial dialogues on international economic stability.
"Discussing ACITI": EAM Jaishankar holds trilateral meeting with Australian, Canadian counterparts
External Affairs Minister S Jaishankar held a trilateral meeting with Canadian and Australian counterparts in Atlanta. They discussed the Australia-Canada-India Technology and Innovation Partnership focused on green energy and supply chains. Jaishankar emphasized the need for diplomatic solutions to global challenges and highlighted issues impacting the Global South. He noted the adverse effects of military actions on civilian shipping and emphasized market access issues.
UK minister calls for speedier India-UK healthcare innovation
UK Health Minister James Frith addressed the Westminster Diwali gathering in London, highlighting the need for healthcare innovation adoption. He noted that India excels in digital innovation, while Britain leads in research and life sciences. The India-UK Comprehensive Economic and Trade Agreement has created opportunities for deeper cooperation. Indian High Commissioner P Kumaran emphasized India's manufacturing capabilities and ambition for commercial innovation.
Jaishankar has a message for the world: Give diplomacy a chance, as military solutions won't work
External Affairs Minister S Jaishankar stressed the importance of diplomacy to address global challenges at the G20 meeting. He highlighted ongoing conflicts, including the Russia-Ukraine war and tensions in West Asia, while addressing seafarer safety. Jaishankar emphasized the impact of market flooding and supply chain issues on the Global South. US Secretary of State Marco Rubio warned of interconnected economic and geopolitical crises affecting the global economic order.
EAM S Jaishankar attends G20 Foreign Ministers' meeting in US
Jaishankar, who arrived in Atlanta late Thursday evening, interacted with his counterparts from several countries ahead of the meeting. He said the G20 "must work together to confront these threats, to strengthen our economic resilience, to safeguard our markets and the economies that they sustain..."
Handset, TV makers set to slash production on festive sales shock
Smartphone and television makers are cutting production by up to 20% after a weak festive season left retailers with excess inventory and unit sales down sharply year-on-year. Surging memory-chip costs have pushed up device prices, hurting demand particularly in entry- and mid-range segments and forcing brands to scale back output over the next few months.
What’s haunting Halloween chocolate? The climate pressures behind Halloween’s sweetest tradition
Halloween chocolate connects American shoppers with cocoa-growing communities in West Africa. Heat and crop disease can disrupt harvests, but climate change is only one influence on candy prices.
Asian Paints says Middle East sales held strong even as 'full impact' of cost inflation was felt in Q2
Asian Paints reported a 29.5% increase in revenue from international operations for Q2 FY27. The company's Middle East operations showed strong performance despite geopolitical challenges affecting business. Net sales at the consolidated level rose by 16.9%, while profit margins experienced a slight decline. Persistent inflation led to staggered price increases in their decorative paints sector. Asian Paints aims to enhance cost-efficiency in response to ongoing market pressures.
'2026 resembles 1991': CEA Nageswaran says India is at a critical economic inflection point
Chief Economic Advisor V Anantha Nageswaran emphasized that 2025-26 could be a significant inflection point for India's economy. He mentioned the challenges posed by global shocks and supply-side disruptions in recent years. The reliance on imported crude oil adds to India's vulnerability to fluctuating international energy prices. Strengthening resilience to external disruptions is crucial for managing such risks effectively.
India's deeptech dream remains import dependent for critical components
The founder of a spacetech startup developing rockets said geopolitical tensions, including the Russia-Ukraine war, disrupted the supply of critical components. “Parts that were earlier available within weeks are now taking months to arrive, making it harder for startups to plan development and testing schedules,” the founder said, requesting anonymity.
Cabinet approves Rs 10,000 crore container manufacturing scheme
The Indian government has approved a Container Manufacturing Assistance Scheme with a total budget of Rs 10,000 crore. This scheme aims to build domestic manufacturing capabilities and reduce reliance on container imports. It will promote facilities, testing, and skills development in the container manufacturing sector. The scheme is expected to create thousands of jobs and enhance competitiveness against global producers.
Pakistan running out of gas: 12 kg LPG cylinder costs PKR 7000
Pakistan’s gas crisis has intensified as LPG prices climb to PKR 600 per kg in some areas following disruptions to imports from Iran. Domestic gas production has fallen nearly 20% in five years, while circular debt and outstanding supplier payments have reached PKR 5.454 trillion. The country also faces challenges managing surplus imported LNG despite household fuel shortages.
Hindustan Unilever to take calibrated price hikes as commodity inflation stays high, says CEO Priya Nair
Hindustan Unilever has raised prices by around 7.5% in response to rising input costs across its portfolio. Despite these increases, consumer demand remains strong in both urban and rural areas of India. The company is focusing on balancing further price adjustments with cost savings through procurement and supply-chain efficiencies. Positive indicators of economic resilience include electricity demand and GST collections, alongside improved rural demand.
'Copying China's manufacturing model may not pay off': Ashwini Vaishnaw hits back with ‘Cope harder’ remark, cites Rs 3 lakh crore PLI returns
Union Minister Ashwini Vaishnaw has hit back at criticism of India's mobile phone manufacturing strategy with a blunt “Cope harder” remark. Citing figures from the government's Production Linked Incentive (PLI) scheme, he said the government paid Rs 19,000 crore in incentives and collected Rs 25,000 crore in direct taxes, alongside Rs 3 lakh crore in GST. His response followed a Bloomberg Opinion video questioning India's iPhone manufacturing model, its dependence on imported components and the cost of government subsidies.
Need more resilient energy supply chains amid growing global disruptions: Minister Naik
During the Singapore International Energy Week, India underlines the critical need for resilient energy supply chains. Union Minister Shripad Yesso Naik emphasizes diversifying energy sources to bolster security in the face of global disruptions.
Amid supply chain issues, India's strategic mining in critical state
India's mining sector remains underdeveloped due to high import dependence and severe execution bottlenecks. Challenges include land acquisition difficulties, uncoordinated state-level regulations, and environmental concerns related to mining activities. The Centre has urged states to improve the operationalisation of mines, with only a fraction currently active. Various stages of clearances have delayed the progress of numerous mining projects in different regions.
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