Business

China has moved ahead of Elon Musk‘s ‘Jesus-level technology’ Neuralink in the race to commercialise brain-computer interface technology, approving what is being described as the world’s first commercially available brain chip after successful clinical trials.The coin-sized implant, called NEO, has become the first surgically implanted brain-computer interface (BCI) device to clear clinical testing for commercial…

India remained the world’s second-largest buyer of Russian fossil fuels in May, importing Russian hydrocarbons worth an estimated 5.8 billion euros (USD 6.7 billion), as refiners stepped up purchases of discounted crude from Moscow, according to a report by the Centre for Research on Energy and Clean Air (CREA).Crude oil accounted for the bulk of…

MUMBAI: As talks of a peace deal in West Asia revived on Thursday night, sending Dow Jones up over 900 points and pulling Brent crude prices below the $90-per-barrel mark, the rub-off effect was felt on Dalal Street on Friday. Sensex, after rising more than 1,000 points in early trades, and dipping slightly mid-session, closed…

Elon Musk‘s aerospace company raised a whopping $75 billion by selling 555.6 million shares, or about 5% of its stock, in Friday’s much-awaited market debut. However, in the weeks ahead, SpaceX could fetch billions more!A mechanism, known as a greenshoe option, gives Morgan Stanley, the stabilisation agent for the listing, the right to buy additional…

China on Saturday opposed the United States for adding several leading Chinese companies, including BYD, Alibaba and Baidu, to a Pentagon list of firms alleged to have links with the Chinese military, arguing that the move undermines understandings reached during last month’s summit between US President Donald Trump and Chinese President Xi Jinping.This comes despite…

Farmers will continue to receive urea and di-ammonium phosphate (DAP) at subsidised rates despite concerns over global supplies amid the Middle East crisis, Union Agriculture minister Shivraj Singh Chouhan said on Saturday, asserting that the government has adequate fertiliser stocks and is prepared to deal with any impact of El Nino.Addressing reporters after the conclusion…

BRICS nations on Saturday adopted the “Indore Declaration”, committing to deeper cooperation in agriculture and launching a series of new initiatives, including a global forum on farmers’ seed rights, a digital agriculture network and a platform for agroecology and regenerative farming, PTI reported.The decisions were taken at the end of a five-day meeting of agriculture…

Union Petroleum and Natural Gas Minister Hardeep Singh Puri on Saturday said there is no shortage of energy in the country, asserting that supplies of crude oil, LPG and natural gas remain comfortable despite concerns arising from the Iran conflict.Speaking to reporters in Ludhiana, Puri said India has sufficient reserves to meet energy requirements and…

Trade will be on the agenda when Prime Minister Narendra Modi meets US President Donald Trump at next week’s G7 summit in France, but an India-US trade agreement is not expected to be finalised during the gathering, a senior US administration official said on Saturday, Reuters reported.The official said US Trade Representative Jamieson Greer will…