BENGALURU: HCLTech on Monday announced plans to invest up to Rs 3,500 crore to establish AI data centres, with the potential to scale to 50 MW of capacity, targeting rising demand from enterprises and govts for sovereign AI infrastructure.“AI has fundamentally changed the economics of computing. For us, the data centre is the foundation for…

Gold and silver are likely to trade in a range with a positive bias in the coming week as investors track geopolitical developments in West Asia and key global macroeconomic data, analysts said, according to PTI.Market participants will also watch the Reserve Bank of India’s monetary policy decision due mid-week for further cues.“Going into the…

The global economy is once again facing a surge in oil prices triggered by conflict in the Middle East, reviving memories of the 1970s energy crises that led to widespread economic disruption and stagflation.However, economists say the United States and other major economies are far better positioned today to absorb such shocks, reflecting structural changes…

The OPEC member is offering reductions of up to $33.40 per barrel on its benchmark Basrah Medium grade. (AI image) With oil supplies via the Strait of Hormuz still disrupted, Iraq is now offering deep discounts to buyers for picking crude from the country. Iraq has rolled out steep price cuts for buyers with term…

NEW DELHI: The US has assured India that access to critical artificial intelligence technologies will not become a challenge for trusted partners, IT secretary S Krishnan said on Thursday after discussions with US officials on the future of AI collaboration.The discussions come weeks after the US commerce department directed AI firm Anthropic to restrict foreign…