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Fincantieri is one of the largest shipbuilding companies in the world, with over 230 years of history and more than 7,000 ships built. Fincantieri is the exclusive supplier for the Italian Navy, a partner of the US Navy and numerous foreign navies, and a key player in some of the most important European Defence partnership programs. In an exclusive interview with ET’s Dipanjan Roy Chaudhury, Pierroberto Folgiero, Managing Director and CEO of Fincantieri SpA, explores shipbuilding opportunities & IMEEC partnership with India. India is emerging as a global hub for shipbuilding. How does Fincantieri see opportunities for partnership with Indian shipyards and industry players? India’s growth from primarily a domestic focus to a global player in shipbuilding, in tandem with its rise to the fastest-growing large economy in the world, brings exiciting opportunities for collaboration, and we view this as an invitation to share knowledge and build upon complementary strengths.

blockchain technology and digital assets into the country's financial system. The development comes following the recent appointment of Bilal bin Saqib as Chief Advisor to the Finance Minister for the management of digital assets. The Pakistan Crypto Council (PCC) would regulate, promote, and incorporate blockchain and cryptocurrency innovations into Pakistan's economic framework. A statement from the Finance Division on Friday described the council's formation as a significant step in the country's efforts to adopt digital finance, positioning it as a key player in the global shift towards blockchain technology.

Infosys co-founder, Narayana Murthy, while speaking at the TiECon Mumbai on Wednesday commented on the rising hype around artificial intelligence (AI) in India, claiming that many systems marketed today as AI were simply traditional programming. “I think somehow it has become a fashion in India to talk of AI for everything. I have seen several normal, ordinary programs touted as AI,” Murthy commented during the annual entrepreneurial conference.

Subscribe to enjoy similar stories. A massive military buildup across Europe could achieve what governments have failed to do in years: jump-start a sluggish economy, seed new innovations and create new industries. Countries from the U.K.

DeepSeek, a leading AI company, is taking an unconventional approach to hiring under the leadership of CEO Liang Wenfeng. Unlike many tech companies that prioritize candidates with extensive technical expertise, Liang focuses on creativity, intellectual curiosity, and diverse perspectives. His strategy places an emphasis on hiring Generation Z, avid readers, and humanities graduates, believing that imaginative thinking is more valuable than years of experience. During a 2023 interview with Chinese media outlet 36Kr, Liang explained his approach. “When aiming for rapid results, it makes sense to hire those who already possess the necessary expertise,” he said. “However, for long-term ambitions, experience holds less significance. Core competencies, an inventive mindset, and an unwavering passion for the work are attributes I value above all else.” His perspective challenges the industry norm, where companies like OpenAI and Meta favor candidates with strong technical backgrounds. Liang, however, sees open-mindedness and a willingness to explore unconventional solutions as more critical for addressing complex AI challenges.

Piyush Goyal on Friday said that he had a «forward looking» discussion with US Trade Representative Jamieson Greer on a mutually beneficial bilateral trade agreement. «Our approach will be guided by 'India First', 'Viksit Bharat' and our Comprehensive Strategic Partnership,» the Commerce Minister wrote on his X timeline, sharing a photograph of the meeting. Commerce Minister Piyush Goyal was in the US last week. His visit to the US followed US President Donald Trump and PM Modi's plans to negotiate the first tranche of a mutually beneficial, multi-sector Bilateral Trade Agreement (BTA) by the fall of 2025. The two leaders had committed to designating senior representatives to advance these negotiations. During the recent meeting between President Trump and Prime Minister Narendra Modi, the two leaders resolved to expand trade and investment to make their citizens more prosperous, nations stronger, economies more innovative, and supply chains more resilient. They resolved to deepen the US-India trade relationship to promote growth that ensures fairness, national security and job creation. To this end, the leaders set a bold new goal for bilateral trade — "Mission 500" — aiming to more than double total bilateral trade to USD 500 billion by 2030.

Health Secretary Wes Streeting confirmed plans to slash 9,000 roles from the 15,000-strong NHS England workforce, targeting hundreds of millions in savings by merging duplicated functions like communications and strategy teams. The decision reverses a 2012 Coalition-era restructuring, drawing cautious support from figures like Jeremy Hunt, though critics warn of potential disruptions to patient care. Recent resignations of NHS England’s chief executive and medical director preceded the overhaul, signaling internal turmoil.

Finland has announced a new arms package for Ukraine amounting to around 200 million euros ($217 million) and pledged more defense cooperation with Kyiv

Nara Lokesh on Thursday announced that the state government has entered into an agreement with global tech giant Microsoft to train two lakh youth in Artificial Intelligence and advanced skills. The Minister stated that the partnership with Microsoft will enhance the employability of the state's youth and prepare them for global opportunities.

200 million euros (USD 217 million) and pledged more defense cooperation with Kyiv. The aid package for Ukraine involves artillery ammunition, «which is in great need right now,» said Finland's Defence Minister Antti Hakkanen as he signed a memorandum of understanding alongside his Ukrainian counterpart Rustem Umerov. Finland's Defence Ministry said other contents of the aid package would not be divulged at this time. Hakkanen said that Finland remains committed to supporting Ukraine and shares Kyiv's «view of the Russian threat in light of our historical experiences.» The areas of closer cooperation include information exchange, research and innovation, ammunition production, and defense industry projects in Finland and Ukraine, the ministry said. The minister said that the relationship was not a one-way street.

Subscribe to enjoy similar stories. India’s insurance industry is growing rapidly, supported by robust economic growth, an expanding middle class, innovation and strong regulatory support. According to data from the Swiss Re Institute, total insurance premium collections are projected to grow by 7.1% over the next five years (2024–2028).

Subscribe to enjoy similar stories. A blockbuster diabetes drug will soon be available to Indian patients at a tenth of its cost, as its patent expires. At least four Indian generics players have launched cheaper variants of the drug, which is used to treat type-2 diabetes as well as heart and kidney ailments.

How long has Sunita Williams been in space?Sunita Williams, who flew to space with Butch Wilmore for a eight days, has been onboard the ISS for over eight months. Why was Sunita Williams stuck in space?Williams and her crew encountered unexpected technical issues with the Boeing Starliner, delaying their return.

This should be commensurate with awareness of responsible and ethical use of AI without curbing innovation, they said at the second edition of The Economic Times Digital Transformation Dialogues in Bengaluru, moderated by ET's Beena Parmar. The technology services world is moving towards the platforms and products operating model, which will increasingly rely «not on seniority or experience, but on your ability to deliver on your role,» said Sandhya Arun, chief technology officer at Wipro, which operates in an industry where revenue has traditionally been linked to the headcount. «A role itself has many tasks. If you break it down, some of those tasks will get automated, will get handed off to AI, but the role itself will transform as opposed to the role disappearing if you are doing something relevant such as impacting business value, delivering products ensuring quality and security,» Arun said. Because of this, Wipro is training its next gen, or young associates, to become full stack to work across frontend and backend of technology applications.

TechnipFMC plc to accelerate the delivery of integrated subsea infrastructure for future deepwater projects in India. «The collaboration will leverage TechnipFMC's integrated engineering, procurement, construction, and installation execution model, driving efficiency and innovation in execution,» the company said in a statement. This alliance will help Cairn advance its deepwater exploration ambitions, tapping into TechnipFMC's extensive expertise and cutting-edge technologies. «The agreement also incorporates the use of integrated front-end engineering and design, where early engagement optimizes project performance utilizing TechnipFMC's subsea production systems (SPS) and subsea umbilicals, risers, and flowlines (SURF) work scopes,» it said.

This is a welcome move. But just adding seats won't be enough to harness the full potential of IITs.

Indian space economy is aiming to reach USD 44 billion by 2033 from USD 8.4 billion in 2022, said a FICCI-EY report on 'Unlocking India's Space Economy — Pathways to Growth, Innovation and Global Leadership', released today at Bharat Space Conclave 2025', organized by FICCI. According to the report, the global space economy is projected to exceed USD 1.8 trillion by 2035, with commercial satellite services, deep-space exploration, and space-based infrastructure driving expansion. The report further states that India has set an ambitious target to grow its space economy from USD 8.4 billion in 2022 to USD 44 billion by 2033, aiming to capture 8 per cent of the global market. This growth is being fuelled by policy reforms, private sector participation, and increased international collaboration, supported by the Indian Space Policy 2023 and institutions such as IN-SPACe and NSIL. FICCI-EY report notes that a significant shift is underway, with India's space sector evolving from a government-led model to a commercially driven, innovation-led ecosystem. Satellite communication (SATCOM), projected to reach USD 14.8 billion by 2033, will play a critical role in expanding digital connectivity, particularly in rural and underserved regions.

Dan Ives has been Tesla's biggest cheerleader for years, but surprisingly even Ives has sounded the alarm over CEO Elon Musk's increasing forays into politics and other business interests appear to be hurting the company, according to a report.

JioStar is gearing up for the Indian Premier League (IPL) 2025 with a roster of 20 sponsors, including My11Circle, Campa Energy, Birla Opus, PokerBaazi, SBI, PhonePe, Mutual Funds Sahi Hai, Thums Up, Google Search, Allen Solly, Jaquar Bath + Light, GPay, Kent Kuhl Fans, Dream11, Campa, Joy Cosmetics, TVS, Asian Paints, Zupee, and Amul. With IPL’s reach and influence, these brands across categories such as Beverages, ACs and fans, BFSI, Fintech, Fantasy Sports, Mobile Phone Handsets, and Paints are set to maximise visibility and forge connections with cricket fans across the country, the company said in a statement. Ishan Chatterjee, Chief Business Officer, Sports Revenue, SMB & Creator, JioStar, said, “IPL is more than a sporting event — it’s a juggernaut that brings fans and brands together at an unprecedented scale. As we gear up for the 2025 season, we are excited to welcome our sponsors to our platforms that deliver scale, impact, and consumer engagement. With ad innovations and synergy between TV and digital, we remain committed to delivering impact and value for our partners while elevating the fan experience.”

Subscribe to enjoy similar stories. SAN FRANCISCO—The founder of the Museum of Failure, which celebrates product flops like Crystal Pepsi and a golf club that doubles as a urinal, has one wish for its highly anticipated exhibition slated to open here next month—that it bombs as spectacularly as the items on display. Samuel West is begging people not to buy tickets to the internationally acclaimed show, and he isn’t joking.

Subscribe to enjoy similar stories. Tata Power, one of India's oldest and most influential energy conglomerates, is rewriting its legacy. No longer just a conventional power provider, the company has emerged as a leading force in India's clean energy transition.