Samsung forecasts record Q2 profit on robust AI chip demand

IANS | July 7, 2026 9:07 AM

Seoul, July 7 (IANS) South Korea-based Samsung Electronics Co. on Tuesday estimated its second-quarter operating profit at nearly 90 trillion won (US$58.8 billion), marking another quarterly record as strong demand for artificial intelligence (AI)-related semiconductors boosted earnings.

'Indiahandmade' brings over 64 lakh artisans into digital commerce

IANS | July 6, 2026 4:31 PM

New Delhi, July 6 (IANS) Indiahandmade -- a dedicated digital marketplace under the Digital India initiative -- is bringing over 64 lakh handloom and handicraft artisans into the digital economy by connecting them directly with buyers and expanding market access, an official fact-sheet said on Monday.

AI's biggest challenge is power, says BlackRock CEO

IANS | July 6, 2026 3:38 PM

Washington, July 6 (IANS) Artificial intelligence's biggest obstacle is no longer advanced computer chips but access to electricity, BlackRock Chairman and Chief Executive Larry Fink has said, warning that the United States must modernise its ageing power grid or risk slowing the next wave of technological innovation.

India's deal value jumps 127 pc to four-year high in Q2: Report

IANS | July 6, 2026 3:28 PM

New Delhi, July 6 (IANS) India's dealmaking landscape witnessed a sharp rise in transaction values during the second quarter of 2026, with the combined value of mergers and acquisitions (M&A) and private equity (PE) deals surging 127 per cent quarter-on-quarter to $36.3 billion, according to a report.

India’s cooperative ecosystem becomes engine of inclusive growth

IANS | July 6, 2026 3:19 PM

New Delhi, July 6 (IANS) India has one of the largest cooperative ecosystems in the world, spanning nearly every sector of the economy and in five years, the Ministry of Cooperation has transformed cooperatives into engines of inclusive growth, an official factsheet said on Monday.