Explore

Analysis-Private sector steps up as India's growth engine broadens

Analysis-Private sector steps up as India's growth engine broadens

By Manoj Kumar and Shubham Batra NEW DELHI, Sept 1(Reuters) - India's economy is showing early signs that a long-awaited private investment revival is taking hold, broadening the growth engines and making it more resilient to global shocks.

India's Yotta targets Jan-March 2027 IPO, seeks up to $1.5 billion amid AI boom

India's Yotta targets Jan-March 2027 IPO, seeks up to $1.5 billion amid AI boom

By Abhirami G and Sai Ishwarbharath B Sept 2 (Reuters) - Indian data centre operator Yotta Data Services plans to launch an IPO in the January-March quarter of 2027, CEO Sunil Gupta told Reuters, as it seeks to capitalise on booming demand for AI computing infrastructure.

UK manufacturing PMI slips to five-month low but hiring strengthens

UK manufacturing PMI slips to five-month low but hiring strengthens

LONDON, Sept 1 (Reuters) - Activity growth in Britain's manufacturing sector slowed slightly in August to its weakest since March but factories hired workers at the fastest pace in more than two years, monthly purchasing managers' index data showed on Tuesday.

China services activity quickens on stronger domestic demand, private PMI shows

China services activity quickens on stronger domestic demand, private PMI shows

BEIJING, Sept 3 (Reuters) - China's services activity expanded at a faster pace in August, a private-sector survey showed on Thursday, with stronger domestic demand helping firms add staff for a fourth consecutive month.

Japan services growth hits five-month high, PMI shows

Japan services growth hits five-month high, PMI shows

TOKYO, Sept 3 (Reuters) - Japan's services sector expanded at its fastest pace in five months in August, as stronger domestic demand lifted business activity and new work, a private survey showed on Thursday.

Factory activity bounced in August as AI fuelled Asian expansion

Factory activity bounced in August as AI fuelled Asian expansion

By Jonathan Cable and Leika Kihara TOKYO/LONDON, Sept 1 (Reuters) - Global factory activity was humming last month as surging demand for AI hardware kept Asian factories busy while new orders in Europe bounced higher, brightening prospects even as the prolonged U.S.-Iran war fuels uncertainty,

TCS Secures Rs 2,000 Crore Contract with Best Buy for India GCC Management, Focusing on AI and Data Integration

TCS Secures Rs 2,000 Crore Contract with Best Buy for India GCC Management, Focusing on AI and Data Integration

TCS Secures Rs 2,000 Crore Contract with Best Buy for India GCC Management, Focusing on AI and Data Integration

Cook hands Apple to Ternus: bigger and richer, but catching up in AI race

Cook hands Apple to Ternus: bigger and richer, but catching up in AI race

By Aditya Soni Sept 1 (Reuters) - When Tim Cook took over as Apple's CEO, he did not try to fill the big shoes of its legendary founder and product visionary Steve Jobs. Instead, he took Jobs' advice: "Never ask what I would do, just do the right thing."

Chevron expands Venezuela position, to invest $7 billion in next five years

Chevron expands Venezuela position, to invest $7 billion in next five years

Sept 2 (Reuters) - Chevron said on Wednesday it had agreed with Venezuela on updated terms for its joint ventures in the country and plans to invest more than $7 billion over the next five years, targeting production of about 600,000 bpd.

OpenAI's ad business hits $1 billion annualized revenue run rate

OpenAI's ad business hits $1 billion annualized revenue run rate

Aug 31 (Reuters) - OpenAI on Monday said ChatGPT Ads, the company's advertising business, has reached $1 billion in annualized revenue run rate, as adoption picks up and global expansion rolls out.

Asian shares are mixed and oil prices surge after US strike on Iranian rocket launchers

Asian shares are mixed and oil prices surge after US strike on Iranian rocket launchers

Shares are mixed in Asia and U.S. futures have declined on expectations that the U.S. Federal Reserve may raise interest rates soon

World shares are mixed and oil prices surge after US strike on Iranian rocket launchers

World shares are mixed and oil prices surge after US strike on Iranian rocket launchers

Shares are mixed in Europe and Asia and U.S. futures have declined on expectations that the U.S. Federal Reserve may raise interest rates soon