Author: Kanhaiya Suthar

Samsung Electronics wants to raise prices for conventional DRAM chips in the third quarter, riding a wave of tight memory supply and heavy AI demand that’s shaking up the semiconductor landscape. Reports say Samsung’s already sitting down with its biggest customers, talking about bumping up prices for general-purpose DRAM by as much as 20% compared to last quarter. They’re aiming even higher with LPDDR, the type of memory you find in smartphones, mobile gadgets, and some servers. Why now? DRAM supplies have been squeezed because chipmakers keep shifting their factories to crank out more high-bandwidth memory (HBM) for AI data…

New Delhi: The Ministry of Labour and Employment has announced that Employees’ Provident Fund (EPF) contributions above ₹1,800 per month are now voluntary. This comes under the new Employees’ Provident Funds Scheme, 2026, and it’s meant to clear up any confusion about how much salaried employees and their employers need to contribute. Here’s what’s changed. EPF contributions are only mandatory up to the statutory wage ceiling, which right now is ₹15,000 a month. Employees pay 12% of that, so that’s ₹1,800. Anything beyond this is totally optional. The new scheme, which replaces the old EPF Scheme from 1952, rolled out…

Shares of Avenue Supermarts, which runs the DMart retail chain, took a hit on Friday. Investors weren’t impressed with the company’s June-quarter update—even though revenue shot up by double digits. The stock dropped about 5% right out of the gate. People seemed worried about the slower growth and a store expansion pace that hasn’t picked up speed. For the quarter ending June 30, 2026, Avenue Supermarts reported standalone revenue from operations of ₹18,343.49 crore, up 15% from ₹15,932.12 crore a year ago. As of June 30, there were 503 DMart stores. That includes one store in Sanpada, Navi Mumbai, which…

Aluminium prices took a hard hit in June, marking their sharpest monthly drop since the 2008 financial crisis. The big drivers? People stopped worrying so much about Middle East supply disruptions, and the U.S. dollar just kept getting stronger. Together, those changes flipped market sentiment almost overnight. It’s a big shift from earlier in the year. Back then, fears about tensions in West Asia and trouble around major shipping routes helped push aluminium prices up. The Gulf region sends out a lot of the world’s aluminium and raw materials, so worries about supply from there slapped a premium on prices.…

Andhra Pradesh Chief Minister N. Chandrababu Naidu kicked off construction for the JSW Rayalaseema Integrated Steel Plant in YSR Kadapa district on Friday—a big moment for a project locals have waited on for years. The new plant is coming up in Sunnapurallapalle and Peddadanluru villages, inside Jammalamadugu mandal. JSW Steel is handling the whole thing through its Andhra Pradesh division, planning to build it in two stages with a total investment of ₹16,350 crore. Once everything’s up and running, the plant should churn out about 2 million tonnes of steel every year. First, they’ll spend around ₹4,500 crore to hit…

SpiceJet has hit pause on all flights from Chennai, thanks to a serious shortage of planes. The airline’s been forced to scale back its entire network, running with far fewer aircraft compared to earlier this year. Flights out of Chennai stopped in early July and, as things stand, won’t be back until around October. That timeline depends on how quickly they can get more planes flying—either by finishing up maintenance or bringing in new leases. The airline insists this is just a temporary fix, not a full exit from Chennai. They say flights will return once their fleet is back…

New Delhi: India just updated its fuel taxes and is keeping a close eye on LPG supplies as global energy markets react to the turmoil in West Asia. At the same time, the Reserve Bank of India hasn’t touched policy rates, staying put because of worries about inflation and the shaky world economy. The government tweaked export duties on diesel, aviation turbine fuel, and petrol, but left domestic excise rates alone. At the pump, prices haven’t changed either, which means families and businesses aren’t getting hit by price swings—at least for now. All this comes after energy markets took a…

Sam Altman, the CEO of OpenAI, says artificial intelligence is set to change our lives on a scale we haven’t seen since electricity—maybe even more. He’s pushing for countries to work together on how we handle AI’s safety, access, and governance, and he’s not being shy about it. In a Financial Times opinion piece published on July 1, Altman pointed out that AI is already making a splash across business, national security, and science. Stuff that sounded like science fiction a few years ago is suddenly real, and he thinks the next year or two could bring AI models so…

New Delhi: Tensions easing around the Strait of Hormuz have helped calm global energy and aviation markets for now, but for airlines, things aren’t snapping back to normal anytime soon. Fuel logistics, high insurance costs, and lingering airspace restrictions are still a drag on the industry. Oil shipments through Hormuz are finally picking up after weeks of chaos, with shipping data showing more tankers moving through after recent ceasefire developments. Even so, traffic hasn’t fully returned to what it was before the conflict, and plenty of security concerns remain. Reuters says crossings are still lagging, and ship-tracking points to irregular…

New Delhi’s Electric Vehicles Policy 2026 kicked in on July 1, bringing a bunch of financial incentives, tax breaks, and new rules for electrifying vehicle registrations in the city. The government gave it the green light on June 29, 2026, and the policy’s set to last until March 31, 2030—unless the Delhi government decides to change or extend it. So, what’s in it for you? If you’re looking at buying an electric two-wheeler, three-wheeler auto-rickshaw, or an N1 electric goods carrier, you’re eligible for purchase incentives. The government will send the money straight to your account (or your firm’s, agency’s,…