Cities and states are increasingly adopting AI tools to identify and prioritize road hazards, a move gaining momentum due to rising traffic deaths and strained budgets. Initiatives in Hawaii, San Jose, and Texas are deploying AI-powered cameras to detect issues like potholes and damaged signs, improving maintenance efficiency and paving the way for future autonomous…
India’s gems and jewellery exports experienced a significant 30.57% decline in October, reaching $2.17 billion. This drop, attributed to pre-tariff stocking by overseas buyers and volatile bullion prices, saw substantial decreases in cut and polished diamonds, lab-grown diamonds, and gold jewellery. A revival is anticipated in November due to Chinese market recovery and Christmas demand.
India’s aviation sector requires an estimated 30,000 new pilots to manage its expanding fleet of 1,700 aircraft. The Union Civil Aviation Minister highlighted the need to significantly boost training capacity to meet this demand. Additionally, the government is exploring dedicated cargo airports and fostering domestic aerospace manufacturing capabilities.
Venezuela seeks to expand cooperation with India beyond oil, expressing keen interest in critical minerals and attracting Indian investment. Discussions also touched upon reactivating a joint committee and exploring opportunities in pharmaceuticals and the automobile sector. Separately, an MoU was signed to digitize Andhra Pradesh’s logistics ecosystem.
Hindustan Zinc Ltd, a Vedanta Group firm, has secured a composite licence from Andhra Pradesh to explore and mine a tungsten block. This strategic move diversifies HZL’s operations beyond its core zinc, lead, and silver businesses. The company aims to bolster India’s self-reliance in critical minerals vital for defence and advanced manufacturing.
Indian toy exporters face a significant slowdown as US buyers divert orders to other nations following a 50% tariff imposition. Despite a strong start to the financial year, new orders for the upcoming festive season have plummeted by half.
Infosys has announced performance-linked payouts for the September quarter, with employees receiving an average bonus of 75% of their eligible amount. This figure is slightly lower than the previous quarter’s average of 80%. Payouts varied by job level and performance rating, with bonuses ranging from 70.5% to 83% and will be added to November salaries.
Berkshire Hathaway has made a significant multibillion-dollar investment in Alphabet, while trimming its Apple holdings. This marks a notable shift for Warren Buffett’s investment strategy, with Alphabet now a substantial position. The company also reduced its stake in Bank of America and exited DR Horton, as its cash reserves reach a record high ahead of…
Banks nationwide, except in Jharkhand, will be open today, November 15th, as it is the third Saturday of the month. Customers in Jharkhand will find banks closed due to the Birsa Munda Birth Anniversary. This differs from the usual closure on second and fourth Saturdays, with mobile and net banking remaining accessible.
US President Trump has eased tariffs on various food items like beef, coffee, and fruits, signaling a policy shift to combat rising consumer costs. This move follows recent election results where economic concerns were prominent. While Trump claims other nations bear tariff costs, Democrats view this as an admission of harm to American shoppers.
