Racing Financial News

Subscribe to enjoy similar stories. New Delhi: On Monday, Alphabet became the fourth-ever company to hit a market capitalization of $4 trillion, after announcing a deal with iPhone-maker Apple to power the latter’s AI assistant, Siri. In the week leading up to it, Google’s parent also overtook Apple to become the second-largest company in the world.

Subscribe to enjoy similar stories. Mumbai: Sachin Sahay, executive vice-president—sales operations at ITC Ltd, has emerged as the frontrunner to take over as chief executive officer of the Aditya Birla Group-backed Birla Opus, the disruptor in India’s ₹70,000-crore paints market, according to two people aware of the development. Sahay is set to succeed Rakshit Hargave, who stepped down as the chief executive in November 2025.

Data-centre investments hint at a shift in the AI race. Soon, reliable and affordable electricity will confer a decisive advantage in this sector.

Mumbai: Come January, thousands of people across India will be getting into their running shoes, perfecting their pace, getting together for practice runs in the morning, perhaps exchanging notes on their performance, sharing Strava screenshots of their completed runs, all to line up in the wee hours for one of the tens of major marathons India’s major cities will host this month and the next.Distance running—from the humble 3K and 5K for beginners to the humbling half- and full-marathons—has slowly become a national obsession as getting fit becomes aspirational. Nearly all of India’s major cities are host to at least one major marathon with an impressive title sponsor, while smaller cities and towns too begin hosting local races.More than 20 years after the Mumbai Marathon was started and became India’s biggest running event, distance running has become a serious business enterprise, generating hundreds of crores in direct revenue from participation fees and sponsorships along with additional money made from participants buying goods and travelling to these races.Marathons and other distance running events are driving annual revenue of ₹250-300 crore in the sale of clothes and shoes, travel, hotels and other components of the ‘running economy’, according to a September 2025 report by consulting firm KPMG.

AI superpowers can engage in constructive risk management even as they compete vigorously for AI leadership.Moreover, diplomats and experts from our two countries had also met earlier in 2024, in Geneva, for an extended session dedicated to AI risks. It was the first meeting of its kind, and though it didn’t produce any significant results, the very fact that it occurred was an important step, and both sides did manage to identify critical areas of risk that required further work.Now, as the momentum behind AI development and deployment, both civil and military, gathers pace, the US and China need to build on this foundation by pursuing sustained, senior-level diplomacy on AI risks, even as each strives for the lead in the AI race.

A sharp rise in exports in November, aided by a low base, helped pull India sharply ahead of other emerging market (EM) peers, as shown by the latest Mint's Emerging Market Tracker, even as the rupee and stock market performance remained weak. India, with a composite score of 71, was way ahead in the race.

. The company ditched plans last year for its Cruise robotaxi program after spending $10 billion and a decade on its development. It has suffered setbacks around its EV and autonomous-driving strategies.

As January approaches, Ashok Vaswani will begin his third year as managing director and chief executive officer (CEO) of Kotak Mahindra Bank Ltd. Soon after Vaswani joined the bank, it had to start untangling itself for regulatory crosshairs. Since then, the RBI-imposed embargo on enlisting more digital customers has been lifted, it has made a couple of acquisitions, and is now in the race to acquire a big one, but Vaswani unsurprisingly sidesteps talk of IDBI Bank.

Subscribe to enjoy similar stories. Mutual funds, whose plans to launch specialized investment funds (SIFs) are progressing slowly due to a shortage of skilled managers, are hiring expertise for running long-short strategies from alternative investment funds (AIFs), showed a Mint analysis. Suraj Nanda, the fund manager for equity and hybrid SIF at Tata Mutual Fund, was earlier running a long-short AIF at ICICI Prudential AMC.

Subscribe to enjoy similar stories. President Donald Trump’s search for the next Federal Reserve chair is stretching into the new year, and the way the race is unfolding is offering investors an early look at what matters most to the White House and what questions the president is asking candidates. Treasury Secretary Scott Bessent said Tuesday that a decision on the next Fed chair is unlikely before January, even as Trump interviews candidates and publicly signals frustration with the central bank’s direction.

It was a far better thing that Google did than it had ever done. So might future historians write of the moment this tech behemoth, long criticized for a lack of singular focus, quietly ignited two existential contests to reshape the tech landscape in 2026 and beyond.These are the Two Races of 2026, officially declared not by proclamation, but by two ‘firebombs’ thrown by Google. They target two tech giants that appeared almost unassailable till recently: the king of frontier AI models and the monarch of AI hardware.

Subscribe to enjoy similar stories. When it came out in May 2025, Karen Hao’s book Empire of AI: Inside the Reckless Race for Total Domination gave the world a new lens through which to look at the rise of Artificial Intelligence companies. In Hao’s framing, which occupies a central portion of the book along with tracing the growth of US-based OpenAI, modern tech and AI companies resemble the extractive colonial empires of the 18th and 19th centuries.

Subscribe to enjoy similar stories. WASHINGTON—At a November meeting in the Oval Office, Nvidia Chief Executive Jensen Huang gave President Trump an ominous message: A patchwork of artificial-intelligence laws in states such as California threatened technology development in the U.S. Huang said a flurry of state laws could cause the U.S.

Subscribe to enjoy similar stories. New Delhi: Indian shrimp exporters are increasingly shifting focus toward value-addition as global demand trends evolve and competition intensifies. With traditional frozen raw shrimp markets facing price pressure and stricter quality norms, exporters are broadening their product portfolios to include ready-to-cook (RTC) and ready-to-eat (RTE) shrimp offerings.

Subscribe to enjoy similar stories. IN 1995, DURING a golden age for globalisation, a business professor from Berkeley coined a cheering term: “the California effect". When companies in wealthy markets face new competition from foreign rivals, argued David Vogel in his book “Trading Up: Consumer and Environmental Regulation in a Global Economy", they do not invariably lower standards, as gloomsters might predict.

Subscribe to enjoy similar stories. When OpenAI CEO Sam Altman made the dramatic call for a “code red" last week to beat back a rising threat from Google, he put a notable priority at the top of his list of fixes. The world’s most valuable startup should pause its side projects like its Sora video generator for eight weeks and focus on improving ChatGPT, its popular chatbot that kicked off the AI boom.

Subscribe to enjoy similar stories. WASHINGTON—Just before President Trump left the White House for Thanksgiving, top aides met with him in his private dining room to discuss inflation and the economy in hopes he would calibrate his message on affordability. In another meeting last month, this time in the Oval Office, aides presented Trump with surveys from one of the president’s own pollsters detailing voters’ concerns about the cost of living.

Subscribe to enjoy similar stories. Apple has emerged from the AI doghouse. The stock hit a new all-time high this past week after surging 39% since Aug.

The question I am asked most often these days is whether there is an artificial intelligence (AI) bubble forming in global markets. Rather than offering my opinion, let me tell you some facts.Yes, I do have concerns. Especially if one looks at the US market.

Vietnam’s Tourism Advisory Board (TAB) has proposed a long-term visa program to the government to maintain its lead in Southeast Asia’s fast-evolving travel market. The recommendations, submitted to Prime Minister Pham Minh Chinh, include a “golden visa” valid for five to ten years to compete with Thailand, Malaysia, and Indonesia—countries that already offer such schemes to long-stay travellers, Báo Văn Hóa reported. The proposal comes at a time when Vietnam has regained 98% of its pre-pandemic tourism levels, making it the fastest-recovering destination in the region. In 2024, the country welcomed 17.5 million international visitors, overtaking Singapore and trailing only Malaysia and Thailand. The advisory board also suggested introducing a 10-year investor visa with the possibility of permanent residency after five years, and a five-year talent visa with a simplified renewal process, as reported by Thanh Nien newspaper. These programs could be piloted in key tourism hubs like Phu Quoc, Ho Chi Minh City, Hanoi, and Da Nang.

President's Rule was imposed in February, seven MLAs from BJP and its allies met Assam CM Himanta Biswa Sarma in Guwahati, seeking his help in restoring peace and exploring leadership options in Manipur. Sarma is likely to visit Manipur on June 10. MLAs present included BJP's K Govindas Singh, L Susindro Meitei, JDU's Abdul Nasir, and NPP leaders Shanti Singh and M Rameshwar Singh.