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Amazon AI spending is paying off as strong cloud growth sends shares higher and adds $25 billion to Jeff Bezos’ net worth.  (REUTERS/Abdul Saboor) (REUTERS)
Posted in Business

Amazon’s AI bet pays off as Jeff Bezos gets $25 billion richer, replaces Brin

Amazon shares jumped about 14% shortly after trading opened on Friday. It was the company’s biggest one-day gain in more than 10 years. The last…

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Posted in Economy

Government aims to complete Mumbai’s Coastal Road project by Dec 2028: Union Minister Piyush Goyal

Mumbai: Union Minister and MP from Mumbai, Piyush Goyal, on Sunday said the government intends to complete the Bandra-Versova-Bhayander Coastal Road project by December 2028,…

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SpaceX earnings, US jobs report and AI spending will test Wall Street’s rally as investors look for signs of real returns from the AI boom.
(Photo by ANGELA WEISS / AFP) (AFP)
Posted in Business

Wall Street AI boom faces reality check as SpaceX earnings and US jobs data arrive

Wall Street is heading into another important week after a strong run for stocks. The coming week will bring several major events that could test…

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Posted in Economy

India clears only one Chinese FDI proposal worth Rs 1 crore in FY26; approves 13 Hong Kong investments

India approved just one foreign direct investment (FDI) proposal from China worth Rs 1 crore during FY26, while clearing 13 proposals from Hong Kong with…

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Urban Company’s InstaHelp, Snabbit cross 100,000 daily bookings mark
Posted in Startups

Urban Company’s InstaHelp, Snabbit cross 100,000 daily bookings mark

Snabbit and InstaHelp, Urban Company’s quick househelp vertical, on Sunday announced that the platforms have each crossed 100,000 completed bookings in a single day.According to…

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Germany's Agile Robots acquires majority stake in Bengaluru's XNG Automation to expand India footprint
Posted in Startups

Germany’s Agile Robots acquires majority stake in Bengaluru’s XNG Automation to expand India footprint

Germany-based artificial intelligence (AI) robotics company Agile Robots has acquired a majority stake in Bengaluru-based factory and intralogistics automation firm XNG Automation, as it looks…

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SpaceX investors ask about Starship, AI, Starlink and a pink rocket as Elon Musk prepares for the company’s first earnings call as a public company. (Pexel/Representative image) (Pexel)
Posted in Business

Why are SpaceX investors asking Elon Musk to paint Starship pink?

SpaceX is preparing for its first earnings call as a public company, with the call expected to take place on Tuesday, August 4. Investors would…

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SK Hynix rose from a struggling chipmaker to a $1 trillion AI giant. (Photo by Jung Yeon-je / AFP) (AFP)
Posted in Business

How SK Hynix went from struggling chipmaker to $1 trillion AI giant and why it is coming to Nasdaq

SK Hynix was once a struggling chipmaker. Today, the South Korean memory-chip maker is the country’s second-most valuable listed company, behind Samsung Electronics. The company’s…

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Warehouse automation to humanoids: Addverb bets on India, CEO says physical AI race has begun
Posted in Startups

Warehouse automation to humanoids: Addverb bets on India, CEO says physical AI race has begun

Homegrown robotics and automation company Addverb‘s CEO Sangeet Kumar believes humans and robots will increasingly coexist, with people remaining firmly in control even as physical…

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JPMorgan expects the S&P 500 to rise over 10% to 8,200 as strong US growth. (AP)
Posted in Business

Why does JPMorgan expect the S&P 500 to surge over 10% to 8,200 despite inflation risks?

JPMorgan expects the S&P 500 to rise more than 10% over the next 12 months, even as the US economy faces fresh inflation problems. Kriti…

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