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Hitachi Energy India, GE Vernova, other power capex stocks rise up to 5%. Two reasons behind the surge

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Hitachi Energy India, GE Vernova, other power capex stocks rise up to 5%. Two reasons behind the surge
Shares of power capex stocks such as CG Power, GE Vernova, TD Power, Siemens rallied up to 5% after chip giant Nvidia reported a staggering 117% jump in data centre revenue year-on-year at $89 billion in the second quarter, alongside stellar 2028 guidance.

In today’s session, TD Power shares jumped 5% to Rs 765 per share, while GE Vernova TD India gained over 4% to Rs 4,535. CG Power shares rose over 2% to Rs 899 per share, while Siemens also rose over 2% to Rs 4,137 per share. Hitachi India shares rose over 3% to Rs 34,248 per share.

1.) What did Nvidia say about data centres?

Nvidia announced strategic partnerships with Apollo, BlackRock, Blackstone, Brookfield, Goldman Sachs and KKR to establish independent compute-financing platforms. The platforms are expected to mobilise more than $500 billion of third-party capital over time for the buildout of AI infrastructure, subject to definitive agreements.

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The company also expanded Korea’s AI factory ecosystem through strategic partnerships with SK Telecom, NAVER and Brookfield. The partnerships will support the development of sovereign AI infrastructure at gigawatt scale on the NVIDIA DSX platform, as part of a broader Nvidia-powered national AI push across Korea’s industries and research institutions.

AI data centres need enormous amounts of electricity and the equipment required to transmit, convert and manage that power. So, when Nvidia signals that hyperscalers, AI labs and other customers are continuing to spend heavily on AI infrastructure, investors extrapolate that demand into the power-equipment supply chain.

2.) US bans Chinese power equipment manufacturers

US President Donald Trump on Wednesday signed an executive order declaring a national emergency over foreign-made equipment used in the U.S. electricity grid and banning the use of certain such equipment, the White House said.
The order points to what the White House called an “unusual and extraordinary foreign threat” from foreign-made bulk-power systems that could create national security vulnerabilities.The move is the latest step by Washington to address technology threats it associates with China. It follows a decision by the European Commission earlier this year to prohibit Chinese-made inverters from publicly funded energy projects.

Under Trump’s order, certain foreign-produced bulk-power system equipment will be prohibited from being purchased or installed in the United States. The ban also covers associated critical software and digital capabilities that could create cybersecurity or operational risks, according to the White House.

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The order further directs the U.S. Energy Secretary to set conditions for the continued use and operation of such equipment in order to address concerns identified by the Trump administration, the White House said.

Nvidia Q2 results

Nvidia shares jumped 5% in extended trading on Wednesday after the world’s most valuable company reported second-quarter fiscal 2027 results that came in ahead of analyst expectations. The stock got another boost after management indicated that growth could double in the next fiscal year.

Nvidia’s revenue more than doubled from a year earlier to $96.22 billion, beating the $92.17 billion estimate. Earnings per share came in at $2.22, compared with analyst expectations of $2.10.

Nvidia is betting that the artificial intelligence boom is far from over. The chipmaker on Wednesday forecast a 70% jump in revenue next fiscal year, pointing to continued demand for AI computing even as shortages of memory components threaten to constrain how quickly it can expand.

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(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

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At Close of Business Podcast August 27 2026

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At Close of Business Podcast August 27 2026

Isabel Vieira and Sam Jones discuss a spate of lithium mine restarts and expansions.

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Dolly Parton Wanted to Host Kate Middleton, Prince William and Their Kids at Dollywood Before Her Death

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Dolly Parton

NASHVILLE, Tenn. — In the years before her death, Dolly Parton spoke repeatedly and warmly about her hope to one day host Catherine, Princess of Wales, Prince William and their three children at Dollywood, the theme park she built in the Tennessee mountains she called home.

The country music icon, who died at 80, had a long and affectionate relationship with the British royal family that stretched back decades, including a personal meeting with the late Queen Elizabeth II. That connection was reflected in the royal family’s own tribute following her death, and in Parton’s repeated public wishes to bring the younger generation of royals to her home turf.

A near-miss with Kate

Parton’s most direct brush with an invitation from the Princess of Wales came in August 2023, during a promotional tour for a new album in the United Kingdom. Appearing on BBC Radio 2, Parton revealed she had turned down a chance to meet Catherine during that trip. “This time, Lordy, I even got invited to have tea with Kate,” Parton said, according to People. She explained that her tightly packed promotional schedule made the visit impossible, joking that the meeting likely wouldn’t have done much for album sales anyway.

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Dreaming of a royal visit to Dollywood

The following year, Parton made clear the door was still open — and that she hoped to be the one extending the invitation next time. Speaking to Closer in November 2024, she said she would welcome the chance to host Catherine, William and their children, Prince George, Princess Charlotte and Prince Louis, at her Tennessee theme park. “I would absolutely love for them to come to Dollywood, that would be fantastic!” Parton told the outlet.

Parton envisioned treating the young royals to the full theme park experience, imagining George, Charlotte and Louis let loose on the rides during their visit. She also floated the idea of cooking for the family herself, offering a homemade touch rather than royal formality, telling the outlet she’d serve Kate her mashed potatoes without putting on any airs.

Beyond hospitality, Parton believed she and Catherine could bond over shared charitable interests focused on children. Speaking to Saga Exceptional in December 2023, in comments later reported by SheKnows, Parton suggested that common ground could be the centerpiece of any future meeting between the two. “So maybe that’s what we can talk about when we do have tea,” she said, pointing to the kind of causes she hoped they might discuss together, including her own literacy work.

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The royal family’s tribute

Following news of Parton’s death, the royal family paid public tribute to the singer in a way that reflected the affection she had shown toward them for years. The day after she died, the Band of the Coldstream Guards performed Parton’s hit “9 to 5” outside Buckingham Palace, with the royal family sharing footage of the performance on its official account on X.

Alongside the video, the royal family wrote a tribute honoring Parton’s cultural impact and philanthropic legacy. “Remembering the late, great Dolly, who brought joy, comfort and inspiration to so many,” the post read, going on to credit the millions of children who received free books through her Imagination Library literacy program. The tribute closed with a nod to one of Parton’s most famous songs, telling her the family would always love her.

A friendship that began with the Queen

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Parton’s ties to the royal family long predated her relationship with Catherine and William. She met Queen Elizabeth II in 1977, when she was invited to perform at the monarch’s Silver Jubilee celebrations — an experience Parton continued to reflect on for the rest of her life.

When the Queen died in September 2022, Parton paid her own tribute, sharing a photo from their 1977 meeting on Instagram. “She carried herself with grace and strength her entire life,” Parton wrote at the time.

A year later, in February 2023, Parton opened up further about the encounter in an interview with Insider, recalling her nervousness ahead of meeting the monarch as a performer from rural Tennessee unfamiliar with royal protocol. Despite her worry that she wouldn’t know how to properly curtsy, Parton said the Queen quickly put her at ease, describing her as “she was just very warm, very sweet.”

A cross-cultural bond that endured

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The relationship between Parton and the British royal family stood out as an unlikely but enduring connection between two very different worlds — the rhinestone glamour of Nashville and the formal traditions of Buckingham Palace. Parton, who built an empire around approachability and down-home warmth, repeatedly framed her royal encounters and aspirations in the same terms she used for meeting any fan: with mashed potatoes, amusement park rides and genuine curiosity rather than pretense.

That approach appears to have resonated on the other side as well. The royal family’s tribute following her death singled out not just her music, but her charitable legacy, particularly her Imagination Library program, which has provided free books to children around the world, including in the United Kingdom.

While the meeting Parton hoped for with Catherine, William and their children never came to pass during her lifetime, her public wishes for that visit — and the warmth of the royal family’s response to her death — leave behind a portrait of a friendship that crossed continents and social worlds, built on music, charity and, by Parton’s own account, a shared fondness for family and children.

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Rockstar Games Set to Release GTA 6 Previews Right After Its Netflix Extended Look Special Airs Today

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GTA VI

NEW YORK — Rockstar Games is preparing to give fans their most detailed look yet at “Grand Theft Auto VI,” airing an extended preview special on Netflix on Thursday and setting the stage for a wave of press and creator previews expected to follow immediately after the broadcast.

The special, titled “Grand Theft Auto 6: An Extended Look,” is scheduled to premiere on Netflix at 12 p.m. Pacific time, 3 p.m. Eastern, 8 p.m. British time and 9 p.m. Central European time on Thursday. Viewers who miss the Netflix premiere will have another chance to watch for free roughly six hours later, when the special is set to air on Rockstar Games’ YouTube channel at 6 p.m. Pacific and 9 p.m. Eastern in the United States, landing in the early morning hours of Friday for audiences in Europe.

What’s coming after the broadcast

While the Netflix special itself is the headline event, Rockstar has confirmed that additional previews from gaming press outlets and content creators will follow shortly after it airs. According to content creator TGG, who posts under the handle TGGonYT, select creators and outlets were invited to Rockstar North’s studio in Edinburgh, Scotland, last month, where they were given exclusive information about the game ahead of Thursday’s broadcast.

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“Last month I was invited to Rockstar North in Edinburgh. While there, I learned exclusive information about GTA 6. As soon as the Extended Look is out, I’m telling you everything. Tomorrow,” TGG wrote in comments shared publicly ahead of the event.

It remains unclear exactly what those previews will cover, or whether any of the invited creators or journalists were given the opportunity to actually play the game during their visit. One outlet, MP1st, reported receiving word of a media preview event held for “GTA VI” but said attendees “weren’t given free access to mess around with the open world,” adding that, based on what they were told, “they weren’t even able to get their hands on the game at all.” No precise runtime has been confirmed for Thursday’s Netflix special, though it is expected to run between 20 and 30 minutes.

A response to mounting leaks

The timing of Thursday’s reveal comes as Rockstar has been contending with a fresh wave of leaked gameplay footage in the lead-up to the broadcast, following an earlier and much larger leak in 2022 that exposed unfinished development footage from the game. More recently, a leaker using the name CYBERLEEK has been circulating a range of gameplay clips online, adding pressure on Rockstar to reclaim control of the narrative around the game’s presentation.

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Rockstar has previously addressed the leaks directly, describing the exposure of unfinished footage as heartbreaking for its development team, while confirming that the official Extended Look special would give fans a proper, studio-sanctioned presentation of the game.

Where the game stands

“Grand Theft Auto VI” has had a long and closely watched road to release. The game is currently scheduled to launch Nov. 19, 2026, for PlayStation 5 and Xbox Series X and S, following two previous delays that pushed the title back from its originally targeted 2025 release window, then again from a planned May 2026 launch. In each case, Rockstar cited the need for additional time to deliver the game with the level of polish it says players expect.

“We are sorry for adding additional time to what we realize has been a long wait, but these extra months will allow us to finish the game with the level of polish you have come to expect and deserve,” Rockstar Games said in a statement accompanying one of the delays.

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A PC version of the game is widely anticipated but has not been officially confirmed by Rockstar, and no launch date for that platform has been finalized.

Pricing and preorders already set

Rockstar and parent company Take-Two Interactive have already confirmed key details about the game’s release. The standard edition of “Grand Theft Auto VI” will cost $79.99, while a deluxe “Ultimate Edition” featuring an exclusive collection of premium vehicles, weapons, apparel and additional plotlines will retail for $99.99. Preorders opened June 25 through digital storefronts including the PlayStation Store and Xbox Store, as well as select retailers, though Rockstar has not detailed specific bonus content or pricing tiers tied to different preorder packages.

The game returns to the fictional state of Leonida and features a return to Vice City, the fictional metropolis first introduced in 2002’s “Grand Theft Auto: Vice City.” Players will follow criminal couple Jason Duval and Lucia Caminos, with Caminos marking the first female protagonist in a mainline “Grand Theft Auto” title.

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Why this matters for the franchise

Anticipation for the release has built for years, driven in part by the unusually long gap since the franchise’s previous mainline entry, “Grand Theft Auto V,” which launched in September 2013. The 13-year gap between releases stands as the longest in the series’ history. “Grand Theft Auto V” has gone on to become one of the best-selling video games ever made, with Take-Two Interactive reporting the title had sold roughly 220 million units as of 2025.

What to watch for Thursday

With the Netflix special set to air within hours and a slate of previews expected to follow, Thursday is shaping up to be one of the most significant days yet in the lead-up to “Grand Theft Auto VI’s” November launch. Fans and industry watchers alike will be looking for confirmation of new gameplay details, story elements and technical features that could finally move the conversation beyond leaked footage and speculation toward an official, studio-controlled look at one of the most anticipated video games in years.

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AI Assistant Startup Instinct Rockets to $2.5 Billion Valuation in Weeks Amid Investor Feeding Frenzy

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AI Assistant Startup Instinct Rockets to $2.5 Billion Valuation in

SAN FRANCISCO — Instinct, a viral AI assistant startup founded just last year, has raised $350 million in total funding after closing a new round that values the company at $2.5 billion, capping off one of the fastest valuation climbs seen in this year’s artificial intelligence funding boom.

The company told The Wall Street Journal on Wednesday that it had raised $250 million in a recent Series B round, co-led by venture capital firms Index Ventures and Benchmark. Combined with earlier funding, the new round brings Instinct’s total capital raised to $350 million, according to the Journal’s reporting.

From $100 million to $2.5 billion in weeks

The speed of Instinct’s ascent has stunned even seasoned Silicon Valley investors. According to Forbes, the startup’s valuation ballooned from roughly $100 million to more than $2.5 billion in a matter of weeks, fueled by what one report described as a VC feeding frenzy.

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Instinct’s rise traces back to earlier this month, when Kleiner Perkins investor Mamoon Hamid led a $75 million Series A round that valued the company at more than $500 million. From there, the valuation kept climbing rapidly, with Benchmark and Index Ventures ultimately stepping in to lead the latest round at the $2.5 billion mark, according to sources familiar with the deal cited by Forbes.

Who’s behind Instinct

Instinct is operated by a company called Spear Street Technology, which California corporate filings show was registered in April by Noah Shinn, a former researcher at AI customer-service startup Sierra. The product itself functions as an AI agent designed to help users manage day-to-day tasks — connecting to a person’s apps and devices and allowing them to communicate with it through text messages and phone calls.

The startup describes Instinct as capable of efficiently organizing a user’s life, handling tasks such as booking flights, making restaurant reservations, managing email follow-ups and even helping with customer relationship management work. Shinn celebrated the momentum in a tweet Wednesday, writing, “I’m thrilled with everything our early users are doing with Instinct,” according to TechCrunch.

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Riding a broader wave of AI agent hype

Instinct’s rapid rise didn’t happen in a vacuum. The startup emerged in the wake of OpenClaw, an open-source, lobster-themed project that helped popularize the idea of using AI agents to manage everyday personal tasks, according to Bloomberg’s reporting carried by Forbes. Instinct has positioned itself as a more polished, consumer-friendly evolution of that trend, and early users have compared it favorably to a crowded field of competing agents.

Jesse Middleton, an investor who tested several competing products, wrote on social media that he had “tried Hermes, OpenClaw, Tasklet, GrokBot but Instinct takes the cake,” a comment cited by TechCrunch as evidence of the enthusiasm building around the product in its earliest weeks of availability.

Not everyone is impressed

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Instinct’s meteoric rise has come with growing scrutiny, particularly around privacy, security and the reliability of an AI agent being given broad access to users’ accounts and personal information. Not every early user’s experience has matched the glowing reviews. Jason Yeh, of Patron Fund, described on social media how the assistant went off script when he asked it to find open dinner reservations, ultimately booking a table tied to a steep cancellation fee. “Honestly kind of insane how anyone would give them keys to their accounts at large,” Yeh wrote, in comments reported by Forbes, adding that he expected the company to cover the resulting $200 fee.

TechCrunch has separately reported that Instinct’s rapid growth has raised broader concerns among some in the industry about the privacy and security implications of handing an AI assistant deep access to personal accounts, email and financial tools — concerns that have so far gone largely unaddressed publicly by the company. Requests for comment sent to Instinct’s general email address and directly to Shinn were not returned, according to TechCrunch’s reporting.

A symbol of the broader AI funding boom

Instinct’s valuation surge is emblematic of a broader pattern playing out across the AI startup landscape this year, where young companies with viral consumer products have attracted enormous investor interest and correspondingly aggressive valuations, sometimes within weeks of launch.

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Social media posts comparing Instinct to project-management software company Linear, which recently crossed $100 million in annual recurring revenue with 177% net revenue retention, noted that both companies now sit at roughly the same $2.5 billion valuation — despite vastly different stages of business maturity, according to posts on Digg. Reaction to that comparison was mixed, with some technology figures dismissing the comparable Instinct valuation as inflated hype, while others praised the durability and growth metrics behind Linear’s more established business.

Part of a broader AI investment surge

Instinct is far from the only AI startup drawing outsized valuations this year. TechCrunch has separately reported on companies like General Intuition, a New York-based startup building AI models for robotics applications, which was in talks for a $6 billion valuation just weeks after raising $320 million at a $2.3 billion valuation. That pattern of rapid, successive funding rounds at sharply rising valuations has become increasingly common across the AI sector in 2026, as investors race to back companies they believe could define the next generation of consumer and enterprise AI tools.

With $350 million now in the bank and a $2.5 billion valuation attached to a company still less than a year and a half old, Instinct faces the challenge of translating early viral enthusiasm into a durable, trusted product — particularly as questions about data privacy, security and agent reliability continue to surface among its earliest users. Neither Instinct nor its lead investors have detailed how the newly raised capital will be deployed, though the scale of the round suggests the startup is positioning itself for rapid expansion as competition among AI personal-assistant products continues to intensify.

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American ranchers facing cattle shortage as Trump vows to lower beef prices

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American ranchers facing cattle shortage as Trump vows to lower beef prices

WILLIAMSPORT, Tenn. – American ranchers are facing the smallest cattle herd in 75 years as the Trump administration rolls out a plan to lower beef prices and rebuild the herd. 

President Donald Trump on Friday revealed his plan to waive higher tariffs on beef imports for 90 days. The plan would allow 300,000 metric tons of foreign beef to be sold 25% below the current market value. A pound of USDA Choice beef cost an average of $10.49 in August.

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“This deal will reduce prices for Americans while giving space for our Great American Beef Herd to grow again,” Trump posted to Truth Social.

According to the USDA, the United States entered 2026 with 86.2 million cattle and calves, which is the smallest cattle herd since the 1950s. That’s down from about 94.7 million since 2019.

TRUMP’S FOREIGN BEEF PUSH TO CUT GROCERY COSTS SPARKS GOP REVOLT FROM RANCHING COUNTRY

USDA Cattle Shortage

The USDA reported the United States entered 2026 with 86.2 million cattle and calves, which is the smallest cattle herd since the 1950’s.  (FOX / Fox News)

The National Cattlemen’s Beef Association’s CEO, Colin Woodall, came out against Trump’s announcement, saying he was “disappointed” in the plan. 

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“While America’s cattle producers share the goal of keeping groceries affordable for consumers, flooding the market with government-subsidized, below-market beef is not the way to rebuild the American cattle herd,” Woodall said in a statement.

American Farm Bureau Federation President Zippy Duvall warned Trump’s plan would translate to a 60% increase in imports over the next 90 days. 

“We appreciate the president’s goal of reducing grocery costs, but short-term measures could have long-term negative effects for consumers and for ranchers who are making decisions on whether to retain or expand their herd. Growing dependence on foreign-grown food could ultimately lead to even higher grocery costs and reliance on other nations for our food security. We urge the president to strongly reconsider his plan,” Duvall said in a statement. 

Beef cow on Tennessee racnh

American ranchers say they are facing a long list of issues that are driving the cattle shortage.  (FOX / Fox News)

Meanwhile, American ranchers say they are already facing a long list of issues driving the cattle shortage. Travis Maddock, a rancher in North Dakota, said drought is the biggest issue for ranchers in the Midwest. 

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“There’s an appetite for expansion, but we are in a drought,” Maddock said. “Some of my fellow producers that I’ve spoken with, they’re going to hold off a year.”

TRUMP ALLOWS 300,000 METRIC TONS OF TARIFF-FREE BEEF IMPORTS IN BID TO CUT PRICES, DRAWING RANCHER BACKLASH

Ranchers in the Southeast are facing very different issues. 

Trevor Pennington, a rancher in Williamsport, Tennessee, said the region has gotten too much rain. 

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“Most people think rain is great for a farmer or a rancher, and typically it is, but there can be too much. It keeps us out of the fields from cutting hay,” Penington said. “Then the animals don’t get the vitamins and nutrients that they need out of the grass.”

Tennessee ranch hay

A rancher in Middle Tennessee says the region has gotten too much rain, preventing them from cutting the fields for hay.  (FOX News / Fox News)

In Middle Tennessee, Pennington said the agricultural industry is battling fast urban development. Many farmers and ranchers end up selling their land to make a profit. 

“The next generation doesn’t want to take on that workload,” Pennington said. “At the end of the day, if a farmer wants to leave something to his family, the best case for him is probably to sell his land and leave the money to his family.”

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Pennington said it takes about two years to produce a cow for slaughter to become beef, explaining that rebuilding America’s cattle herd could easily take a decade.

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Titan, Infosys among 10 stocks with highest HNI holdings in Q1; check full list

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The Economic Times

High net worth investors continue to hold substantial positions across some of India’s leading listed companies.

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White House order restricts foreign electrical grid equipment, Citi comments

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White House order restricts foreign electrical grid equipment, Citi comments

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Harmony Gold FY26 slides: record profits, copper growth amid transition

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Harmony Gold FY26 slides: record profits, copper growth amid transition

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Why is Pernod Ricard stock tumbling today?

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Why is Pernod Ricard stock tumbling today?

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'End of an era' for ice cream shop open 106 years

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Deana Pimm and Bradley Tarr wearing branded blue tops and overalls standing in the back of the shop arm in arm smiling at the camera.

The Tarr family say they are “devastated” to announce they will have to close due to rising costs.

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