Demand for Intel’s central processors from firms offering AI services was so strong in the first quarter that it sold even chips it had originally written off, a remarkable turnaround that sent the company’s shares soaring on Friday.The stock surged more than 24% to $83 in early trading, surpassing its dot-com era peak in 2000…
The United States has imposed fresh sanctions on a major China-based oil refinery and around 40 shipping companies and tankers linked to Iranian oil transport, escalating its campaign to choke Tehran’s key revenue stream.The move, announced on Friday, targets what Washington describes as an extensive “shadow network” used to move Iranian crude to global markets.It…
United States treasury secretary Scott Bessent on Friday said that America is not planning to renew a waiver allowing the purchase of Russian oil currently at sea.While talking to news agency Associated Press, Bessent also added that another waiver for Iranian oil at sea is “totally off the table.”“Not the Iranians. We have the blockade,…
NEW DELHI: At least one in four smartphones manufactured in India is now produced by domestic contract manufacturers, signalling a quiet but significant shift in the country’s electronics ecosystem.The rise has been led by Dixon Technologies and Bhagwati Products, with Dixon emerging as the country’s largest device maker, overtaking Samsung Electronics in overall production volumes…
Intel share price soared sharply on Friday after the chipmaker delivered a first-quarter performance that exceeded market expectations. And the win was not just for the chipmaker, but also the whole of US!The stock climbed 26.7% during trading on Friday, marking what could be its strongest single-day gain since 1987. Momentum continued after the closing…
If a weaker monsoon impacts the output of crops, then higher food prices will feed quickly into inflation, a risk that is too real to be ignored. (AI image) India, backed by its strong domestic growth story, is the world’s fastest growing major economy. Which is not to say it is without its vulnerabilities. The…
TOI Correspondent from Washington: A new doctrine is quietly reshaping America’s technology-industrial complex, recasting Silicon Valley from a playground of consumer apps into an arsenal of strategic hardware. Dubbed “patriotic tech,” the movement argues that technology firms have a moral and national duty to align with the state – particularly in its intensifying rivalry with…
Wall Street traded mostly in green on Friday, lifted by strong results from Intel and growing hopes of possible talks between the United States and Iran over the weekend. Around 8:35 pm IST, Nasdaq was up 1% or 248 points to 24,686. S&P 500 was up 29 points or 0.41% to trade at 7,137. Dow…
RIl Q4 FY26 results: Mukesh Ambani-led Reliance Industries reported a decline in its consolidated net profit for the fourth quarter of 2025–26, even as revenue registered year-on-year increase. The dip came amid the ongoing Middle East crisis, which has choked the firm’s primary oil and chemicals business, offsetting gains in consumer-facing telecom and retail units….
This image is used for representation purpose only (AI-generated) Amid Iran’s move to control traffic passing through the Strait of Hormuz, the world’s most critical maritime chokepoint has become a litmus test for how far states can go in monetising global trade routes.Indonesia’s recent attempt — floated in late April 2026 by its finance minister…