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OpenAI eyes India data centre with 1 GW capacity, builds local presence

OpenAI eyes India data centre with 1 GW capacity, builds local presence

OpenAI, the company behind ChatGPT, is exploring local partners to set up a data centre in India with a capacity of at least 1 gigawatt, Reuters reported citing Bloomberg News.

Backed by Microsoft, OpenAI has formally registered as a legal entity in India and started building a local team. The company said in August that it plans to open its first office in New Delhi later this year, expanding its presence in its second-largest user market.

'India, Russia stand shoulder to shoulder': PM Modi tells Putin at SCO meet

'India, Russia stand shoulder to shoulder': PM Modi tells Putin at SCO meet

Prime Minister Narendra Modi on Monday hailed the India-Russia ties, saying that New Delhi and Russia have “always stood shoulder to shoulder even in the most difficult situations”. The Prime Minister's remarks came during his bilateral talks with Russian President Vladimir Putin on the sidelines of the Shanghai Cooperation Organisation (SCO) Summit in Tianjin, China.

In his opening remarks, PM Modi described ties with Moscow as a “special and privileged partnership” marked by continuity and high-level engagement.

No double standards are acceptable on terrorism: PM Modi at SCO summit

No double standards are acceptable on terrorism: PM Modi at SCO summit

Prime Minister Narendra Modi on Monday delivered India’s statement at the Shanghai Cooperation Organisation (SCO) Members Session in Tianjin, China. In his address, Modi emphasised the need for a collective and impartial approach in the global fight against terrorism, adding that the menace must be countered without bias to ensure long-term peace and stability.

6.0 magnitude earthquake hits eastern Afghanistan, at least 200 killed

6.0 magnitude earthquake hits eastern Afghanistan, at least 200 killed

More than 200 people were killed and hundreds more injured after a 6.0 magnitude earthquake struck eastern Afghanistan, in a mountainous region near the Pakistan border, according to a state-run news agency. The quake hit the Jalalabad area at around 11.47 PM local time.

PM Modi meets China's Xi in Tianjin, stresses mutual trust, respect in ties

PM Modi meets China's Xi in Tianjin, stresses mutual trust, respect in ties

Prime Minister Narendra Modi on Sunday held bilateral talks with Chinese President Xi Jinping on the sidelines of the two-day Shanghai Cooperation Organisation (SCO) summit in Tianjin. This is the first meeting between the two leaders in 10 months.

The meeting comes at a time when India and China are working to improve relations following a sudden downturn in India-US ties triggered by US President Donald Trump's tariff policy.

Samvardhana Motherson to buy 81% stake in Japan's Yutaka Giken for $184 mn

Samvardhana Motherson to buy 81% stake in Japan's Yutaka Giken for $184 mn

Auto components major Samvardhana Motherson International Ltd on Friday announced the acquisition of 81 per cent stake in Japan's Yutaka Giken Co, Ltd in which Honda is a majority shareholder, for USD 184 million (over Rs 1,610 crore).

Directors of the company at their meeting held on August 29, 2025, considered and approved to acquire 81 per cent stake with voting rights in Yutaka Giken Co, Ltd (YGCL) and 11 per cent stake in Shinnichi Kogyo Co, Ltd (Shinnichi) through its indirect wholly-owned subsidiary Motherson Global Investments BV (MGI BV), Samvardhana Motherson International Ltd (SAMIL) said in a regulatory filing.

Adani Power gets LoA for 2,400 MW thermal project in Bihar's Bhagalpur

Adani Power gets LoA for 2,400 MW thermal project in Bihar's Bhagalpur

Adani Power on Friday said it has received the Letter of Award (LoA) to set up a 2,400 MW greenfield thermal power plant with an investment of $3 billion at Pirpainti in Bhagalpur district of Bihar.

In a statement, Adani Power said it has received the LoA for 25-year long-term procurement of electricity from Bihar State Power Generation Company Ltd (BSPGCL), which it will supply from a 2,400 MW (800 MW X 3) greenfield ultra super critical plant to be set up at Pirpainti.

SC regains full strength as CJI Gavai administers oath to two new judges

SC regains full strength as CJI Gavai administers oath to two new judges

Chief Justice of India B R Gavai on Friday administered oath to Bombay High Court Chief Justice Alok Aradhe and Patna High Court Chief Justice Vipul Manubhai Pancholi.

The two were elevated to the Supreme Court on August 27.

With their elevation, the apex court is set to regain its full working strength of 34 judges, including the CJI.

Proposed GST rejig saved the day for Indian stock markets, says Chris Wood

Proposed GST rejig saved the day for Indian stock markets, says Chris Wood

The proposal to recast goods and services tax (GST) rate by September-end saved the Indian stock markets from a sharp correction in the backdrop of steep tariffs of 50 per cent imposed by the United States (US) on the country, said Christopher Wood, global head of equity strategy at Jefferies, in his recent note to investors, ‘GREED & fear’.

Wood has removed the investment in Aditya Birla Real Estate in his India long-only equity portfolio and replaced it with an investment in Mahindra & Mahindra (M&M).

Centre appoints former RBI Governor Urjit Patel as IMF's executive director

Centre appoints former RBI Governor Urjit Patel as IMF's executive director

Former Reserve Bank of India (RBI) Governor Urjit Patel has been appointed executive director at the International Monetary Fund (IMF), the government said in a statement released on Friday.

The announcement came almost four months after former chief economic adviser (CEA) Krishnamurthy V Subramanian’s term was cut short at the Bretton Woods institution and he was recalled by the government.

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