Uber COO says AI spending hard to justify: Is ‘tokenmaxxing’ creating value or just more code?
Uber’s head of operations has reignited the debate on AI spending, stating that the ride-hailing giant is finding it increasingly difficult to justify rising AI costs as gains in productivity…
The $1 trillion club gets new members: SK Hynix and Micron, thanks to AI boom
SK Hynix and Micron are the latest entrants to reach a market capitalisation of more than $1 trillion, joining the elite club as beneficiaries of the growing demand for (AI).…
KIOCL posts profit after a year at ₹53 cr in Q4FY26, flags raw material and pricing pressures
Public sector company KIOCL reported a net profit of ₹53 crore in Q4 FY26, compared to a net loss of ₹36 crore in Q4 FY25. However, revenue from operations declined…
TVS Srichakra announces ₹220-crore capex to expand Madurai tyre plants
TVS Srichakra Ltd , the Madurai-based tyre manufacturer, has announced a ₹220-crore capital expenditure plan for its manufacturing facilities at Vellaripatti in Madurai to expand capacity across its two/three-wheeler and…
Adani firms extend rally to recoup losses sparked by Hindenburg
Shares of billionaire Gautam Adani’s group companies have erased all losses triggered by a scathing short-seller report in 2023, as the conglomerate overcomes regulatory challenges.The group’s nine listed firms have…
Coal gasification push represents structural shift for Coal India, says CMD B Sairam
Coal behemoth Coal India, in pursuit of coal gasification, is making a structural shift from being primarily a coal producer and supplier to a coal-to-chemicals and cleaner fuel integrated energy…
JSW Steel begins work on ₹65,000 crore Paradeep steel plant in Odisha
JSW Steel has started work on 13.2 million tonne per annum with an investment of Rs 65,000 crore at Paradeep in Odisha.The plant, to be developed by JSW Steel in…
Ice-cream manufacturer Vadilal Industries’ Q4 profit soars 150%, declares ₹43 dividend
Ice cream and food company Vadilal Industries on Wednesday reported a sharp 150 per cent jump in fourth-quarter consolidated net profit, driven by robust growth in revenue from operations.The company’s…
Muller completes tenure as Head of Swiss Business Hub India
Florin Muller, Head of Swiss Business Hub, has completed his tenure in India and will now relocate to New York, US, for his next role in the Swiss Business Hub…
Carraro India bets on premium tractors, construction exports to drive next growth phase
Pune-based Carraro India is preparing for its next phase of growth by expanding axle capacity, scaling manufacturing infrastructure and deepening its presence in premium 4WD tractors, construction equipment exports and…
