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Subscribe to enjoy similar stories. Prime Minister Narendra Modi and his Spanish counterpart Pedro Sanchez on Monday inaugurated the Tata Aircraft Complex in Vadodara, Gujarat, where India’s first privately built C-295 aircraft will be made by a Tata-Airbus partnership. It’s a military transport plane and India is to receive 16 of these in fly-away condition directly from an Airbus plant in Spain, while another 40 are to be made in Vadodara.

artificial intelligence (AI) revolution – this was Nvidia founder and chief executiveJensen Huang’s clarion call to India Inc at ET Conversations in Mumbai last Friday. The Indian market is currently dominated by Amazon Web Services (AWS), Microsoft Azure and Google Cloud. But are there any domestic players that are equipped to take on the three global hyperscalers? There are local alternatives, such as E2E, according to Pratik Desai, founder of agricultural AI startup Kissan AI – which uses Azure as the primary cloud provider and AWS as a secondary cloud provider – but they are catching up in terms of cost and integrated services.

startup ecosystem, the strength of its digital economy and the proliferation of the world’s largest global capability centres (GCCs) in the country will position India as one of the top three artificial intelligence (AI) economies globally, said Shanker Trivedi, senior vice president of enterprise business at Nvidia, the world’s largest chip maker, in conversation with Himanshi Lohchab & Surabhi Agarwal. “India has unique characteristics. Some other regions are still a fragmented market. But India has always been one market with one currency, even while multiple cultures exist,” he told ET in an exclusive interview. “Even the market in Nagaland is bigger, I can assure you, than some other nations. And I bet you, there’s somebody in Kohima right now planning a startup using this amazing infrastructure and platform,” said Trivedi, who has helmed Nvidia’s enterprise business for 15 years and is now a key member of chief executive Jensen Huang’s core team.

The Washington Post has reportedly lost more than 200,000 subscribers following a decision announced last week not to endorse a candidate in the presidential race

Ford’s third-quarter net profit fell nearly 26%

Billy Bob Thornton takes on a new role in Landman, a Paramount+ series set in the rugged terrain of West Texas. Created by Taylor Sheridan, the series dives into family, legacy and the cost of corporate greed.

Walmart Plus, at a 50 per cent discount ahead of the holiday season, as the retailer attempts to close the gap with rival Amazon.com's Prime subscription service, as per a report. This year, U.S. retailers like Walmart have launched sales events earlier and added more deals and perks to attract shoppers coping with high inflation. The National Retail Federation forecasts U.S. holiday retail sales will grow up to 3.5 per cent, the slowest pace in six years due to frugal spending, Reuters reported. As part of these early deals, Walmart is offering a one-year Walmart Plus membership for $49, down from its regular $98, from Monday through December 2.

Former President Trump addresses questions from Georgia women voters during an exclusive town hall on ‘The Faulkner Focus.’

potato and rice are set to remain high till December, traders and farmers said. Potato sowing in UP, the largest producer, has been delayed by a fortnight due to untimely rains and the new crop will come to the market by December. On the other hand, Cyclone Dana has damaged the standing paddy crop in West Bengal and Odisha. Rice prices have already jumped by up to 15% in the last fortnight after the government removed export curbs and may move up further for varieties like Gobindobhog and Swarna. UP produces around 16 mt of potatoes annually while West Bengal cultivates around 9-10 mt. «This year, untimely rains have delayed potato sowing in most of UP. Generally, sowing starts from September 15. This year, however, it started by the end of September and early October. So, the crop will be delayed and arrive in the market slowly from the end November-early December. Prices, therefore, will remain firm till December,» said Ajay Sharma, a leading potato trader from Agra.

A port in Vizhinjam was one of former Kerala CM Oommen Chandy's dreams. Multiple governments attempted to construct a port in the PPP mode but failed. IFC, which was roped in to prepare a report, pointed out that the project would not be viable on a standalone basis without substantial government funding of 85% of the cost. Even though the project was financially unviable, both CPI(M)-led and Congress-led political formations were intent on developing the port. They both knew it had the potential to change the economic landscape of Kerala. Planning Commission's help was sought.

Adani Cement «achieve targeted growth ahead of time», said Adani Group Cement Business CEO Ajay Kapur in an investors' call on Monday. The Adani group, which had last week announced the acquisition of Orient Cement, aims to have a manufacturing capacity of 140 million tonnes per annum (MTPA) by FY28. «Adani Cement will benefit from accelerated growth, lower costs and good synergies, all of which will contribute to leading the market and achieving sustainable performance in the near future. The pace of capex has increased, which will help to achieve targeted growth ahead of time,» said Kapur. Ambuja Cement, part of Adani Group, which houses all cement assets, is a debt-free company and as of September 2024, cash and cash equivalent for the company was at Rs 10,135 crore, said Kapur.

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Real-world assets are physical and tangible items. This includes real estate, commodities, art, intellectual property, and even more specialised assets such as rare collectibles. Historically, these assets have been hard to trade on short notice because of complexities pertaining to transfer of ownership, high transfer costs, and liquidity problems. But with the rise of blockchain technology, there has been a game-changing innovation of tokenisation that makes fractional ownership, rapid transactions, and greater transparency possible. In simpler terms, tokenising RWAs means embedding the value of traditional assets into a digital token that is secured on the blockchain and is much simpler to trade as well as transfer. This digitisation creates significant value by providing these assets to a broad base of investors, breaking down the barriers that have traditionally limited their liquidity and trading volume. Rexas Finance (RXS): Unlocking the fut

Subscribe to enjoy similar stories. InterGlobe Aviation Ltd’s shares lost about 7% on Monday after higher costs marred the airline's September quarter (Q2FY25) results, leading to a worse-than-estimated net loss of ₹990 crore. Naturally, the poor show has triggered a cut in earnings estimates for FY25 and FY26.

Boutique bank Evercore’s Q3 results, which came out yesterday, were pretty good. Revenues were up, as was pay. Pay was possibly up too much, though.

There is justifiable excitement at Barclays this morning. After the bank announced a set ofthird quarter results that were better than expected, Barclays' shares initially rose 3.8%, to their highest level in nine years. 

Subscribe to enjoy similar stories. For India’s growing tribe of digital nomads, the lines between work and leisure are blurring, and remote co-living spaces are becoming the offices of choice. From the green farms of Goa to the Dhauladhar peaks of Dharamshala, these professionals are redefining work-life balance.

Ambuja Cements on Monday reported a standalone net profit of Rs 501 crore in the second quarter ended September 2024, which is a fall of 22% year-on-year (YoY) from Rs 644 crore reported in the previous year quarter. Revenue from operations, meanwhile, increased 6% YoY to Rs 4,213 crore in the July-September 2024 period, compared with Rs 3,970 crore in the last year period.

Pieter Elbers, CEO, IndiGo, says the growth is pretty much what was expected and follows the usual seasonal trends. After the big jump after COVID, things are settling back into a more typical seasonal rhythm, similar to what we experienced in the Indian market before COVID, but with a lot more travelers, which is great for revenue. On the cost side, IndiGo faced a peak in AOGs due to global supply chain problems and some engine issues we've encountered, which has resulted in extra costs. IndiGo has been consistently beating market estimates. But for the quarter gone by, the story seems to be different. There is a drop in margin. This is one of the slowest quarterly growth you have reported in 12 quarters. What has led to this decline? Was it traffic? Was it an issue with aircraft? Could you just share more light on that? Pieter Elbers: Let me take a step back and see how India has basically recovered in terms of traffic post COVID.

Subscribe to enjoy similar stories. Amid a shortage of deposits, an emerging pain point for the banking sector is the stress in retail and rural segments. Slowdown in FMCG sales and recent earnings of some banks mirror this concern.