How China chokes foreign banks

IANS | May 12, 2026 5:13 PM

New Delhi, May 12 (IANS) Although foreign banks have been in China for decades, they have failed to grow and currently account for a mere 5 per cent of the country’s total banking assets, according to a media article.

Adani Ports arm ties up with US firm Oceaneering for deepwater push

IANS | May 12, 2026 5:01 PM

New Delhi, May 12 (IANS) Adani Ports and Special Economic Zone Ltd (APSEZ) on Tuesday said its maritime subsidiary Astro Offshore has partnered with US-based engineering and applied technology company Oceaneering International Inc. to expand into ultra-deepwater and subsea operations, a major step in its global offshore growth strategy.

Maruti Suzuki selects 6 startups to boost automation, customer experience

IANS | May 12, 2026 3:43 PM

New Delhi, May 12 (IANS) Leading automobile firm Maruti Suzuki India Limited on Tuesday said that it selected six startups under the 10th cohort of its flagship accelerator programme to develop AI-based and technology-driven solutions aimed at improving automation and enhancing customer experience.

API security incidents cost APAC firms over $1 million on average: Report

IANS | May 12, 2026 3:02 PM

New Delhi, May 12 (IANS) As enterprises across the Asia Pacific (APAC) region rapidly adopt artificial intelligence (AI) technologies, API security incidents are imposing steep financial costs, with the average estimated loss per incident now exceeding $1 million, a report showed on Tuesday.

India’s ethanol-blended petrol makes a splash amid global oil shock: report

IANS | May 12, 2026 2:14 PM

New Delhi, May 12 (IANS) Amid global supply disruptions due to the Middle East crisis and soaring crude prices, ethanol-blended petrol is rapidly gaining ground as a sustainable fuel of the future, with India emerging as one of the world’s most closely watched biofuel success stories, according to a report in The Times Kuwait newspaper.