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Subscribe to enjoy similar stories.The Iran war has offered China, Russia and North Korea—the U.S.’s biggest security threats—a rare opportunity to learn about the capabilities and limitations of the U.S. military.The three powers have witnessed certain new American weapons in combat for the first time, including lightning-fast precision airstrikes assisted by artificial intelligence.

Subscribe to enjoy similar stories.Memory prices have been going “parabolic,” a big investment bank wrote this past week. I gripped my TI-84 graphing calculator in outrage. My email inbox has turned into a parabo-looza, with misuse of that term up sixfold from last year.

Subscribe to enjoy similar stories.Aster DM Healthcare is charting an aggressive expansion and growth roadmap, as it nears completion of its merger with Blackstone-backed Quality Care. With a strong financial and operational outlook for FY27, the combined entity targets over 4,400 additional beds in the next three to four years, managing director Alisha Moopen told Mint in an interview.The merger is expected to be complete in the current quarter ending June, well over a year after the deal was announced in November 2024.

Subscribe to enjoy similar stories.The US Federal Reserve kept its main policy rate unchanged on Wednesday as Jerome Powell presided over the rate-setting committee’s meeting for the last time. The Fed is concerned about inflation, which has exceeded its 2% target and could rise further as the supply shock caused by the war in West Asia sends prices of goods and services soaring in the US and elsewhere.

Subscribe to enjoy similar stories.The top private and state-owned defence companies are looking at a ₹15 trillion revenue opportunity over the next five fiscal years, according to brokerage Dam Capital on 27 April, as rising government capital expenditure and an export push combine to reshape the country's arms sector into a global supplier.The windfall is being spread across five big firms, Hindustan Aeronautics, Bharat Electronics, Bharat Dynamics, Mazagon Dock Shipbuilders, and Larsen & Toubro's Precision Engineering & Systems division, with exports projected to be over ₹72,000 crore for the period, according to industry projections and company disclosures. Defence exports already hit ₹38,424 crore in FY26, as per defence ministry data, and the government has set a target of ₹50,000 crore by FY29 at a compounded annual growth rate of 9%.The exports are being driven by two key points: increasing localized production of light to heavy artillery, and the latter leading to exports of India-made defence equipment to regions such as West Asia, central and south-east Asia, and Africa as well.This is a change for the country.

Subscribe to enjoy similar stories.NEW DELHI: Bharat Sanchar Nigam Ltd (BSNL) has set an ambitious target of increasing its average revenue per user (Arpu) by almost 50% to ₹150 in the current fiscal year. This after a recent annual review flagged concerns “regarding the stagnation of core business revenue” of the state-owned telecom operator, according to the meeting document seen by Mint.The target was set at a review meeting of BSNL with communications minister Jyotiraditya Scindia on 23 April.

Subscribe to enjoy similar stories.Jerome Powell held his last press conference as Federal Reserve chair on Wednesday afternoon, but said he would stay on as a Fed governor pending the conclusion of an investigation into the renovation of the Fed’s Washington, D.C., headquarters.Powell, whose term as a governor runs through early 2028, said he would keep a low profile and has no interest in acting as a shadow chair under his presumptive successor, Kevin Warsh. That may be welcome news to Warsh, given the other challenges he is likely to face, including the most fractious Federal Open Market Committee in more than 30 years.The Fed held its federal-funds rate target steady after its April 28-29 policy meeting in a range of 3.5% to 3.75%, as expected.

Subscribe to enjoy similar stories.Indian equity benchmarks rebounded on Wednesday, 29 April, with the Nifty 50 rising 181.95 points, or 0.76%, to close at 24,177.65, reclaiming the 24,000 mark. The Sensex advanced about 0.73% to end near 77,446.Sentiment was supported by optimism around fourth-quarter earnings, led by Maruti Suzuki and an improvement in global risk appetite, even as tensions in West Asia persisted.Gains were led by FMCG and auto stocks, with the Nifty FMCG index up 1.75% and the Nifty Auto index rising 1.15%.

Subscribe to enjoy similar stories.Embassy Office Parks Reit met its FY26 leasing guidance of 6.4 million square feet (msf), aided by organic expansions and acquisitions. Healthy leasing momentum across Bengaluru, Noida and Chennai assets helped portfolio occupancy rise 300 basis points (bps) year-on-year to 90% as of March.Global capability centres (GCCs) contributed about 60% to Embassy's total leasing, driven by technology, healthcare and BFSI sectors. With seven new GCC entrants in FY26, Embassy has 102 GCCs in its occupier portfolio of 280 corporates.The prospects for Grade A office spaces would be upbeat in FY27 given favourable demand-supply dynamics.

Subscribe to enjoy similar stories.President Trump has instructed aides to prepare for an extended blockade of Iran, U.S. officials said, targeting the regime’s coffers in a high-risk bid to compel a nuclear capitulation Tehran has long refused.In recent meetings, including a Monday discussion in the Situation Room, Trump opted to continue squeezing Iran’s economy and oil exports by preventing shipping to and from its ports.

Subscribe to enjoy similar stories.OpenAI recently missed its own targets for new users and revenue, stumbles that have raised concern among some company leaders about whether it will be able to support its massive spending on data centers.Chief Financial Officer Sarah Friar has told other company leaders that she is worried the company might not be able to pay for future computing contracts if revenue doesn’t grow fast enough, according to people familiar with the matter.Board directors have also more closely examined the company’s data-center deals in recent months and questioned Chief Executive Sam Altman’s efforts to secure even more computing power despite the business slowdown, the people said.The spending scrutiny is constraining Altman’s once-boundless ambitions ahead of a potential initial public offering that could take place by the end of the year. Friar and other executives are now seeking to control costs and instill more discipline in the business, at times putting them at odds with their CEO, people familiar with the issue said.“We are totally aligned on buying as much compute as we can and working hard on it together every day,” Altman and Friar said in a joint statement.

Subscribe to enjoy similar stories.Dubrovnik, CroatiaEurope’s data center markets need more energy. Demand for energy to power the data centers is projected to grow from 10 gigawatts in 2024 to 35 gigawatts by 2030.

Subscribe to enjoy similar stories.Bill Ackman wants to capitalize on his social-media fame by opening his hedge-fund strategy to the masses. It remains to be seen how enthusiastic the masses are.The billionaire investor plans to stage a unique double listing Wednesday, taking public both a new stock-picking fund, Pershing Square USA, and his hedge-fund management company, Pershing Square.

Subscribe to enjoy similar stories.Meta Platforms is preparing to have to unwind its acquisition of the artificial-intelligence startup Manus after China banned the transaction on national-security grounds Monday, according to people familiar with the matter.Meta bought Manus, a China-linked, Singapore-based startup that specializes in building AI agents, in December for $2.5 billion, and quickly moved to integrate the new technology into its systems. Any attempt to undo the acquisition would mean disentangling the two.In another complication, Manus’s investors, which include California-based venture-capital firm Benchmark, have already received their returns, people with knowledge of the matter said.Meta garners significant revenues from Chinese advertisers who target consumers outside China, despite Facebook and other Meta apps being blocked in the country.Several former Manus investors in Asia, including Tencent, HSG and ZhenFund, have planned to cooperate if Meta goes ahead to unwind the deal, some of the people said.Beijing has handed the two companies a preliminary deadline of several weeks to unwind the deal and fully restore Manus’s Chinese assets to their original state, some of the people said.

Subscribe to enjoy similar stories.Although initial resistance levels were briefly broken on Monday, the market continues to show hesitation, preventing a clear breakout or a stronger trend. Nevertheless, the fact that bullish momentum has persisted despite periodic volatility has increased overall market confidence.Buy above ₹890, stop ₹835, target ₹990 (multiday)Buy above ₹465, stop ₹435, target ₹515 (multiday)Buy above ₹520, stop ₹490, target ₹580 (multiday)Indian equities rebounded on 27 April, snapping a three-day losing streak as easing geopolitical concerns lifted sentiment.

Subscribe to enjoy similar stories.The rise of artificial intelligence-powered self-learning tools is forcing India’s upskilling companies to redesign their programmes to attract a broader, non-technical learner base.Upskilling firms such as Great Learning, Temasek-backed upGrad and Prosus-backed Eruditus, among others, have introduced no-code tracks within existing skilling programmes and launched targeted courses for non-technical learners in areas that previously required coding knowledge, the firms told Mint.This comes amid rapid improvements in generative AI models, which are increasingly capable of performing tasks that once required months of technical training.Learners are now wary of sitting through three to six-month-long courses for something that can be done in minutes using AI, said Arjun Nair, co-founder of Great Learning, which was formerly a Byju’s group company.“The models have become dramatically better. Whether it is Claude, Gemini, or OpenAI models, their capabilities have improved sharply in the last three to six months,” Nair said.

Subscribe to enjoy similar stories.India’s power sector is entering a high-growth phase, driven by rising electricity demand and an accelerating shift toward renewable energy.Air-conditioning adoption, electric mobility, data centres, infrastructure build-out, and urbanization are all pushing consumption higher. As the country balances energy security with sustainability, power companies are evolving their business models to keep pace.In this article, we examine why the sector could be turning attractive for investors.India’s peak power demand has been hitting fresh highs each year and, by government projections, is set to climb steadily over the next decade.The International Energy Agency (IEA) expects India to lead global energy demand growth through 2035.

Subscribe to enjoy similar stories.Bluestone Jewellery and Lifestyle Ltd is falling behind its ambitious target of reaching 500 stores by 2026-27, as volatile gold prices weigh on its expansion plans.The Bengaluru-based jeweller had outlined in its draft red herring prospectus (DRHP) plans to add over 290 new stores between 2024-25 and 2026-27, but managed to add only 65 stores in 2025-26, taking its total to 340 outlets.It now expects a more measured pace of expansion of about 20% annually, well short of its original target.“We should look at how the external operating environment has been, specifically from a gold price perspective,” said Gaurav Singh Kushwaha, founder and chief executive of Bluestone, during the company’s March-quarter earnings call on Friday.“Gold prices have seen a significant increase, and we need to ensure enough conviction from a demand behaviour perspective before accelerating store additions,” he added.The company also indicated a gradual shift away from franchise-led expansion. Of the 340 stores, around 67 are franchise-owned.

Subscribe to enjoy similar stories.The Trump administration announced criminal charges, sanctions and multimillion-dollar rewards aimed at combating online scams coming out of Southeast Asia and targeting Americans.The measures—some of which were directed at a Cambodian senator featured in a recent Wall Street Journal investigation into cyber-scam operations in the country—are the latest attempt by the U.S. to stem the fast-growing illicit industry.Americans alone lost $10 billion to online fraud originating from Southeast Asian nations in 2024, according to U.S.

Subscribe to enjoy similar stories.Indian equity markets remained under pressure on 23 April, as rising crude oil prices, continued foreign fund outflows and weak Asian cues weighed on investor sentiment.The Sensex fell 852 points to 77,664, while the Nifty slipped 205 points to close at 24,173. Market breadth stayed negative, with most sectoral indices ending in the red.Despite intermittent rebounds, the broader trend remains fragile.

Subscribe to enjoy similar stories.MINING A CRYPTOCURRENCY can be an expensive business. Producing new coins, also known as tokens, can require computers to solve cryptographic puzzles, which takes large amounts of power. One way to keep costs down is to relocate mines to wherever electricity is cheapest.