Author: NNI Editor

Gartner on Friday reported a position shift among the top 10 semiconductor vendor revenue rankings triggered by large demand for AI infrastructure buildout and an increase of 73.4% in memory revenue.Interestingly, NVIDIA took the lead position for the first time claiming a 11.7% market share, Samsung Electronics retained its number two rating while Intel dropped to third ranking.‘’The position shift among the top 10 semiconductor vendor revenue ranking is due to large demand for AI infrastructure buildout and an increase of 73.4% in memory revenue,”said Gaurav Gupta, VP Analyst at Gartner.Accordingly, NVIDIA moved to the number 1 spot as a…

Union Commerce Minister Piyush Goyal. | Photo Credit: SHIV KUMAR PUSHPAKAR Union Minister of Commerce and Industry Piyush Goyal on Friday (April 11, 2025) indicated a clear preference for India to work with European and North American partners for international trade instead of China. “Even when it was open [for Chinese firms to invest in India], not too much Chinese investment has come, nor are we encouraging any significant investment coming in from China at all at the moment,” Mr. Goyal said, speaking at Carnegie India’s Global Technology Summit.“Our effort is to integrate our economies with the developed world, who…

Image used for representative purpose only. | Photo Credit: Reuters Gold prices surged by ₹6,250 to hit a record high of ₹96,450 per 10 grams in the national capital on Friday (April 11, 2025) due to heavy demand from local jewellers and retailers, according to the All India Sarafa Association.Analysts said the precious metal hitting lifetime high levels in the international markets on strong safe-haven demand amid escalating U.S.-China trade tensions boosted the domestic prices.On Wednesday, the yellow metal of 99.9% purity had closed at ₹90,200 per 10 grams.Follow Trump tariffs updates on April 11Rebounding after four days of sharp…

The dollar index, which gauges the greenback’s strength against a basket of six currencies, crashed 1.52% to 99.335. | Photo Credit: PTI The rupee surged 61 paise against the greenback to settle at 86.07 (provisional) on Friday (April 11, 2025) due to a sharp correction in the U.S. dollar and a strong rebound in the domestic equity markets.The surge in the local unit came a day after U.S. President Donald Trump suspended the 26% tariffs on India till July 9.At the interbank foreign exchange, the domestic unit opened at 86.22, up 46 paise against the U.S. dollar. During the intra-day…

From the Sensex firms, Tata Steel, Power Grid, NTPC, Kotak Mahindra Bank, Reliance Industries and Adani Ports were among the biggest gainers. File | Photo Credit: Reuters Benchmark Sensex surged by 1,310 points while Nifty closed above 22,900 level on Friday (April 11, 2025) after the U.S. announced suspension of additional tariffs on India for 90 days until July 9 this year.Defying a bearish trend in world markets, the 30-share BSE benchmark Sensex jumped 1,310.11 points or 1.77% to settle at 75,157.26. During the day, it soared 1,620.18 points or 2.19% to 75,467.33.The NSE Nifty surged 429.40 points or 1.92%…

Tata Consultancy Services (TCS) CEO K Krithivasan addresses a press conference, in Mumbai, on April 10, 2025. | Photo Credit: PTI The Tata Group company, which is the first major entity to report January-March performance, announced that it will be deferring wage hikes to its 6.07 lakh employees due to the business uncertainties triggered by the tariff issues.The company’s chief human resources officer Milind Lakkad said the business uncertainties have led it to delay the annual wage hikes, which generally set in from April. He, however, did not give a timeline by when it will announce the hikes.TCS hired 42,000…

Gauravi Kumari and Vivek Sahni | Photo Credit: Special arrangement A pioneer in bottled Ayurvedic beauty, 22-year-old brand Kama Ayurveda has officially onboarded Gauravi Kumari, from the erstwhile royal family of Jaipur, as its brand ambassador. Announced in Mumbai at an immersive brand experience in early April — complete with gajras for entry wristbands, Ayurvedic consultations, and a large product experiential station — the news comes along with a complete brand refurbishment; think new and expanded product lines, luxe and sustainable packaging, and upgrades to old favourites.“She embodies what we stand for — grace rooted in tradition, with a voice…

The recently concluded fourth edition of Watches and Wonders (formerly Salon International de la Haute Horlogerie), an annual fair that showcases luxury watches by top brands witnessed a record attendance of over 55,000 visitors, including 1,600 journalists. Held in early April in Geneva, at Palexpo, a 77,000-square-metre convention centre near the airport, the event hosted nearly 60 watch brands, including Bvlgari, which made an impressive debut with a 1,000-square-metre booth.Last year, the event observed a fall of 3% in luxury watch sales after two stupendous years of growth led by post pandemic revenge buying. Things are coming to normalcy with…

Ola Electric Mobility on Friday (April 11, 2025) said it has rolled out the first Roadster X motorcycle from its Future factory in Krishnagiri, Tamil Nadu. The electric bike is set to hit the road this month.”The Roadster X series represents our commitment to taking the EV revolution to the next level. Today’s rollout celebrates not just a new product, but a new era for us and the industry, as it represents the next phase of revolution in electric mobility,” Ola Electric chairman and MD Bhavish Aggarwal said in a statement.Ola Electric shares tumble over 7%; hit 52-week low The…

National Investigation Agency arrested Tahawwur Rana immediately after his arrival at IGIA on April 10, 2025. | Photo Credit: ANI The National Investigation Agency (NIA) on April 10 argued in a Delhi Court that it suspects terror plots akin to 26/11 Mumbai attacks were devised by key conspirator Tahawwur Rana to target multiple Indian cities.The NIA made the claim before special Judge Chander Jit Singh, who remanded Rana to 18-day NIA custody.In its order, the Judge directed the NIA to conduct medical examination of Rana every 24 hours, and allow him to meet his lawyer every alternate day.Also read: Tahawwur…