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H100 graphic processing units (GPUs) procured by Hiranandani Group’s Mumbai-headquartered Yotta Data Services from American chip maker Nvidia are used by companies abroad and only the rest are used by Indian companies, said Yotta Data Services chief executive Sunil Gupta. He told ET that this was because of a more advanced artificial intelligence (AI) ecosystem in the West that leads to heightened demand for GPUs. By November the company plans to deploy an additional 8,000 GPUs, he said. “Last November we placed an order for 16,384 H100 GPUs. From a medium to long-term scale, 16,384 may not be enough for India. We deployed the first phase of 4,096 chips. By March-April, we had got all the chips. Around seven to eight weeks back, we commissioned all of them,” Gupta told ET in an interview on August 13.

Legendary investor Warren Buffett famously said, “Never rely on a single source of income." Diversifying income streams can be crucial, especially when a sector goes through a downcycle, providing something to fall back on.

By Julie Cazzin with Ed Olkovich

By Joelle Hall

Chennai Super Kings (CSK) CEO Kasi Viswanathan has denied that the franchise requested the Board of Control for Cricket in India (BCCI) to retain MS Dhoni as an uncapped player for the next IPL season. This comes amid reports that BCCI might bring back a provision allowing franchises to retain retired international players as uncapped, a rule scrapped in 2021. Recent media reports suggested that CSK had approached BCCI during a recent meeting to treat former captain MS Dhoni as an uncapped player. However, Viswanathan refuted these claims in a conversation with the Times of India. «I’ve no idea about it. We’ve not requested it. They (the BCCI) have themselves told us that the ‘uncapped player rule’ may be kept, that’s all. They (the BCCI) haven’t announced anything as yet. The rules and regulations will be announced by the BCCI,» said Viswanathan.

migration, the Swedish government is considering a unique initiative that would offer financial incentives for «foreign-born» Swedish passport holders to emigrate. According to a report by The National News, this proposal could extend the current voluntary exit scheme, which offers 10,000 Swedish crowns (approximately $960) and travel costs for refugees to leave the country, to include naturalized Swedish citizens and migrant families. The inquiry group behind the proposal emphasized that they do not intend to send a negative message to immigrants, stating, «they are not welcome in Sweden.» Despite this, the group rejected suggestions to increase the grant amount, which has sparked debate. The proposal emerges amid recent data showing that more people left Sweden than arrived last year, marking the first net migration loss in over 50 years. Swedish Migration Minister Maria Malmer Stenergard highlighted the importance of sustainable immigration to strengthen integration and reduce social exclusion. She noted that the number of asylum applications is at a historic low, with asylum-related residence permits continuing to decrease. However, the government's intent to maintain migration control while avoiding sending the wrong message to immigrants remains a delicate balance.

Th EU’s Carbon Border Adjustment Mechanism (CBAM) requires all EU imports to bear the same cost for each tonne of carbon dioxide (CO2) emitted as those being produced in the EU. Initially confined to six sectors—iron and steel, aluminium, cement, fertilizers, electricity and hydrogen—it will eventually expand its coverage. For India, the immediate impact is on two sectors: aluminium and steel.

Mint captures some interesting trends for you. India Inc faced headwinds in the June quarter as profits took a beating, growing at their slowest pace in five quarters. A perfect storm of factors, including higher costs, softening demand and a challenging high base dampened corporate India's spirits.

paan for as little as ₹10, or splurged up to ₹800 for a gourmet version at weddings or special occasions. But imagine indulging in a paan that costs a staggering ₹1 lakh. Yes, you read that right—one lakh rupees for a single paan. Welcome to the world of ultra-luxury paan, brought to you by Mumbai’s very own Naushad Sheikh. Naushad, an MBA graduate with a passion for innovation, has transformed the traditional paan into a symbol of opulence with his venture, The Paan Story. His luxurious creation, aptly named “Fragrance of Love,” redefines indulgence in the culinary world. Naushad Sheikh had lucrative job offers from several multinational companies, each with attractive salary packages. However, his entrepreneurial spirit drove him to pursue something of his own. Choosing to carry forward his family's legacy, Naushad transformed his forefathers' traditional paan shop into a luxurious brand, aptly named The Paan Story. His most extravagant creation, a ₹1 lakh paan, has become particularly popular among newlywed grooms. Naushad told News18 that the bride and groom become happy after eating his paan.

If you’re in India and looking for a prepaid plan that includes free Netflix, your options are limited to three major telecom operators: Reliance Jio, Bharti Airtel, and Vodafone Idea (Vi).

Tech services major ServiceNow has realised $10 million in annualised tangible gains due to cost savings and increased productivity across the organisation as a result of Gen AI usage, a top executive said. The company’s artificial intelligence-enhanced product Now Assist — which offers virtual agent customer support, customer service management, HR service delivery, ITOps management, field service management, strategic portfolio management, AI search, etc — has become the company’s fastest growing product with 11 deals exceeding $1 million in annual contract value in Q2 (April-June), Pat Casey, CTO and EVP of DevOps, ServiceNow told ET.

race cars, the whizzing of air guns screwing in lug nuts, the slinging of 50-pound wheels. For a South Carolina native like the 24-year-old Twitty, the cacophonous scene was just this side of paradise. «I'm ready to make this my home,» Twitty said. He was one of 55 recruits who attended the annual pit crew combine for Hendrick Motorsports. The auto racing team's coaches and trainers use the all-day event in June — and a smaller, three-day minicamp held last week — to find a half-dozen or so athletes capable of jumping onto a track, gassing a car and changing tires in less than 10 seconds. Twitty, a former running back at the University of South Carolina, was in attendance because Hendrick and other teams have learned that former football players often make the best prospects for five-man crews, thanks to their strength, agility and speed. So teams scour college campuses looking for players like Twitty who didn't catch on with an NFL team and want to trade their football helmets for fireproof suits. A few, like Twitty, know about NASCAR — he grew up rooting for driver Denny Hamlin — but most are new to the sport and can barely change the oil on their own cars.

secular civil code", the All India Muslim Personal Law Board on Saturday underlined the Law Commission's 2018 assertion that a uniform civil code is neither necessary nor desirable and asserted that any attempt to bring it would be «unacceptable». The All India Muslim Personal Law Board (AIMPLB) said it considers the prime minister's call for a secular civil code and terming religious personal laws as communal ones «highly objectionable». The AIMPLB said in no uncertain terms makes it clear that it is «unacceptable» to the Muslims as they will never compromise with the Muslim Personal Law.

earnings downgrade from Nuvama versus its earlier estimates of 15%. Cyclicals such as autos, industrials and metals faced earnings cuts while the same stabilised for IT and FMCG packs. Among key trends observed during the quarter, in domestic consumption, the gap between high-end and mass market demand narrowed with stronger segments such as passenger vehicles, hotels and jewellery slowing. FMCG, on the other hand, stabilised and durables posted a strong quarter owing to the heatwave, the Nuvama note said.

mutual funds, an investor has to decide whether to choose active or passive funds. Both types of funds offer different approaches to managing investments, and having an understanding of their differences can help an investor make an informed choice that aligns with your financial goals.

Shiv Sena MP Naresh Mhaske criticised Shiv Sena (UBT) Chief Uddhav Thackeray for his opposition to the Waqf (Amendment) Bill, stating that Thackeray «is indebted to Muslims for their overwhelming support.» In a video released by the Shiv Sena on Friday, the Lok Sabha member from Thane said, «To oblige them (Muslims), he has decided to oppose the bill and has additionally termed the Ram Janmabhoomi temple land development a scam.» Mhaske further expressed disappointment, stating that they did not expect Thackeray to support the bill but accused him of betraying the principles and vision of Balasaheb Thackeray.

Amazon Appliances Upgrade Day Sale is here with some of the most exciting offers and deals on a wide range of appliances you would need at your home. As you can get up to 65% OFF, this sale is the perfect opportunity to replace the appliances at your home with advanced ones in the market. To help you find out the best deals and appliances, we have put together a list of the offers and deals that you can go through to make the best of sale.

₹15-20 lakh, depending on the complexity of the model," Sidak Singh Grewal, 20, a member of Team Vicharaka and currently a third year undergraduate student at IISc. For comparison, Nasa’s Perseverance rover mission, which landed on Mars in 2021, is projected to cost approximately $3 billion (around ₹25,200 crore). “We constantly try to minimise costs by cutting down on direct procurement and relying on customized and indigenously developed technologies," says Grewal.

Kamala Harris announced a sweeping set of economic proposals on Friday meant to cut taxes and lower the cost of groceries, housing and other essentials for many Americans. «Look, the bills add up,» she declared, trying to address the financial concerns that are at the top of voters' minds and that Republican Donald Trump is attempting to blame on her. During a speech in the battleground state of North Carolina, Harris said that «building up the middle class will be a defining goal of my presidency» as she promoted her plan for a federal ban on price gouging by food producers and grocers. She also proposed $25,000 in down payment assistance for certain first-time homebuyers and tax incentives for builders of starter homes.

Vice President Kamala Harris has proposed a ban on “price gouging” by food suppliers and grocery stores, as part of a broader agenda aimed at lowering the cost of housing, medicine, and food

A recent survey of small business owners suggests many are making a fundamental financial mistake as they overestimate their ability to manage cash flow.