US AI boom faces threat from cheaper Chinese models: Jefferies' Christopher Wood

IANS | July 28, 2026 4:12 PM

New Delhi, July 28 (IANS) Cheaper artificial intelligence (AI) models from China could trigger massive capital destruction in the US stock market as investors begin to question the returns on the massive AI investments made by American technology giants, Jefferies' Global Head of Equity Strategy Christopher Wood has warned.

Ambuja Cements starts FY27 on strong operational note, eyes 119 MTPA capacity

IANS | July 28, 2026 3:44 PM

Ahmedabad, July 28 (IANS) Adani Group-backed Ambuja Cements Ltd on Tuesday reported a strong operational performance for the first quarter of FY27, driven by higher trade sales, premiumisation and cost optimisation, while reaffirming its plan to expand cement manufacturing capacity to 119 million tonnes per annum (MTPA) by the end of the fiscal.

India's private space tech sector raises $871 million through July: Report

IANS | July 28, 2026 1:38 PM

New Delhi, July 28 (IANS) India's private SpaceTech ecosystem has raised a record $871 million across 241 funding rounds through July 2026, driven by policy reforms that opened the sector to private participation and attracted institutional capital, according to a report released on Tuesday.

MEI sector salary jumps 9.4 pc in FY27: Report

IANS | July 28, 2026 11:46 AM

New Delhi, July 28 (IANS) India’s Manufacturing, Engineering and Infrastructure (MEI) sector is expected to see salary increments rise to 9.4 per cent in FY27, up from 7.9 per cent in previous year, driven by a recovery in project activity, semiconductor expansion and Industry 4.0 capabilities rollouts, a report said on Tuesday.