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Subscribe to enjoy similar stories. In 1914, Henry Ford startled his industrialist peers in the US. He raised the wages that Ford Motor Company paid its workers to $5-a-day, twice the market rate, on the rationale (or at least rhetoric) that they too should be able to afford the $440 Model-T cars they rolled off its assembly lines—a factory innovation that crushed unit production cost, cracked open a mass market and whose later adoption for military hardware gave the US an edge in warfare that made it the world’s top power.

How can India and its businesses navigate the rough seas that threaten fortunes built over decades through innovation and hard work? A distinguished panel led by Reliance Industries chairman Mukesh Ambani will discuss ways of facing the coming disruption that will be sparked by tectonic shifts in political economy that look set to rewrite the laws of global trade, at ET’s CEO Roundtable on Wednesday, December 11.

ET. The executive, who was in India last week, mentioned that Bitget has been actively engaging with regulators over the past few months to obtain the necessary approvals for its local operations. In a conversation with ET’s Vinod Mahanta, Zade discusses Bitget’s plans for India, the impact of the Trump presidency on cryptocurrencies, the ongoing bull run, and the evolving role of crypto in a post-AI world. Edited excerpts: Q) Do you think that crypto has a future in countries like India where regulators are not in favour of digital currencies? As a company, we firmly believe that having regulations is far better than having none at all. Recently, I’ve had the opportunity to engage with some regulators in India, as compliance is a key priority for us. Binance has recently secured registration to operate in India and we are looking forward to getting ours from authorities.

Subscribe to enjoy similar stories. Raise your hand if you’ve been victimized by bad weather in the last year or so. Was your travel disrupted? Did your home get unbearably hot? Have you been impacted by flooding? When I asked these questions at a panel event recently, only a lucky few in the audience kept their hands down.

Subscribe to enjoy similar stories. The worst argument of the West that I have encountered is that fake news changed public opinion and gave the world Donald Trump, and that this sort of propaganda creates the myth of other strongmen across the world. Like some bad Western theories, the view has developed the aura of a common truth even as evidence grows that it is highly unlikely and this view itself could be a piece of fake news.

electric car market is shifting into high gear, particularly in the affordable segment, with 86% of sales concentrated in the sub-Rs 20 lakh segment. With consumers increasingly choosing battery-powered SUVs over traditional hatchbacks, the electric PV sales are expected to exceed the 100,000 mark this year. While early market leader Tata Motors is facing headwinds, upcoming launches of Suzuki e-Vitara, Mahindra BE.6e and CEV9e early next year are expected to recharge the market and boost competition. Experts said more choices in the electric PV space will only make the market grow. They also said stricter emission penalties and the growing environmental benefits of EVs are driving automakers towards electrification.

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participative diplomacy, External Affairs Minister S Jaishankar on Saturday said that the general sort of the needle is moving more towards the reality of a negotiation than the continuation of the Russia-Ukraine war. Jaishankar also highlighted the impact of the conflict situations in the Gulf and the Mediterranean region on countries all over, including India, in terms of cost escalation for oil, fertilisers and shipping etc. Visiting Doha to participate in the Doha Forum at the invitation of Prime Minister and Minister of Foreign Affairs of State of Qatar Mohammed bin Abdulrahman and was addressing a panel along with him and Norway's Foreign Minister Espen Barth Eide. Answering a question about the situation in the Gulf region and the latest in Syria, the External Affairs Minister highlighted how there is a widening of conflict and gave examples of Israel-Iran firing at each other; said how the situation in Red Sea is impacting shipping for Asia, and then, referred to a previous session of journalists who said even when the job is tough, journalists need to do it.

insurance product recently introduced in global markets — natural catastrophe bonds, or 'cat bonds' — is being discussed. This unique hybrid insurance-cum-securitised financial product transfers hazard risk from the victim nation to global financial markets. Cat bonds can lower the risk curve for low-frequency, high-impact hazards. Given India's credit standing and scale of its hazard risk profile, it could be cost-effective to sponsor such an instrument, through an intermediary like World Bank or ADB. The intermediary holds the principal amount until maturity as surety for the payout to the sponsoring country and assures its return to bond investors on the maturity of the cat bond. Since catastrophe risk is difficult to forecast, disaster scientists assume that such a high-risk investment would be unprofitable for investors. On the contrary, risk-seeking investors find the disaster risk curve most attractive for diversification, since climate events are not correlated with financial market movements.

Nadella, while speaking at the Norges Bank Investment Management’s podcast earlier this year, had said, “Google should have been the default winner in the world of big tech’s AI race,". Pichai shot back at the Microsoft CEO at the DealBook Summit, saying, “I would love to do a side-by-side comparison of Microsoft’s own models and our models any day, any time.

defence technologies. Additionally, the Defence Research and Development Organisation (DRDO) has established 15 Industry Academia Centres of Excellence (DIA-CoEs) across the country, Minister of State for Defence Sanjay Seth informed in a written reply to Ananta Nayak in the Lok Sabha on Friday. The Technology Development Fund Scheme is a flagship programme of the Ministry of Defence (MoD) executed by DRDO under the 'Make in India' initiative. The Union Government has approved the scheme to encourage industries, especially MSMEs and startups, to develop various defence technologies. The scheme aligns with the vision of 'Aatmanirbhar Bharat' by integrating new industries into the design and manufacturing of defence technology. Funding of up to Rs 50 crore per project is provided to the industry as a grant-in-aid, the minister stated. DRDO has set up DIA-CoEs at institutions such as IISc Bangalore, various IITs, and Central/State Universities to promote focused research in developing new technologies for defence and security. These Centres of Excellence are equipped with state-of-the-art laboratories, research facilities, and infrastructure to attract researchers and scholars. Through these centres, DRDO aims to establish effective collaborations with startups and industries to further product development.

Subscribe to enjoy similar stories. Here are two particularly scary forecasts for investors: Goldman Sachs thinks the S&P 500 will make just 3% a year over the next 10 years, as Big Tech dominance eventually falters. Bank of America expects 0%-1% a year for a decade, a catastrophic investment prospect.

CTO Werner Vogels. According to him, in an era of unprecedented societal challenges and rapid technological advancements, harnessing 'technology for good' has become both an ethical imperative and a profitable endeavour. «From clean energy innovations unlocking new avenues for sustainable development to AI-powered tools tipping the scales in the fight against disinformation, we are witnessing technology augment human ingenuity in inspiring ways,» he said.

Indian Army held its annual Idea and Innovation Competition — Inno-Yoddha 2024-25 — at the Manekshaw Centre here. The event presided over by Chief of Army Staff General Upendra Dwivedi celebrated in-house innovations aimed at enhancing operational efficiency, logistics, and training capabilities. According to an army official, 75 innovations, selected through rigorous evaluation from unit to Command Headquarters levels, were fielded this year. Among them, 22 outstanding innovations were showcased and felicitated during the event, which will now proceed towards production under the Army Design Bureau's guidance, aligning with the Indian Army's commitment to fostering an 'Aatmanirbhar Bharat', the official said.

Redmi Note 14 SeriesThe much-anticipated Redmi Note 14 series will likely feature three models: the standard Redmi Note 14, the Redmi Note 14 Pro, and the high-end Redmi Note 14 Pro+. Among these, the Pro+ has captured significant attention with its blend of innovative features and premium design.

North Dakota Gov. Doug Burgum has handed his final budget blueprint to lawmakers that includes a rosy picture based largely on his state’s success in extracting near-record levels of oil and gas from the ground

President-elect Donald Trump says he intends to nominate cryptocurrency advocate Paul Atkins to chair the Securities and Exchange Commission

Nir Barkat has expressed profound gratitude to India for its unwavering support, highlighting Prime Minister Narendra Modi’s prompt solidarity following the October 7 terror attacks. Speaking to ET on a visit to India to push investment and technology partnership Barkat elaborated on Israel’s innovative economic model, which identifies six key clusters driving exports. These include advanced manufacturing, life sciences, and high-tech and desert-tech sectors. The approach involves aligning infrastructure to these clusters, creating specialized facilities like labs that cater to multiple startups. For instance, shared laboratories for agri-tech companies not only reduce costs but also foster a collaborative ecosystem, Barkat noted.

A new era for tennis in Bangladesh MD Shakil Khan is not only a name recognised in sports management but also a distinguished entrepreneur, currently serving as the Chairman of One97 Technologies Private Limited. Under his leadership, the company has achieved remarkable milestones, contributing to the technological landscape of Bangladesh. This unique blend of expertise in both sports and business positions him ideally to enhance the operational capabilities and strategic direction of the BTF.

Subscribe to enjoy similar stories. The Justice Department wants to turn America’s most successful search engine into a public utility. As part of its proposed remedies in its antitrust case against Google, the department would force the company to share its technology, data and models with competitors at marginal cost.