Goldman Sachs raised year-end ARR projections for Zhipu AI and MiniMax to US$2.5 billion and US$1 billion respectively, citing intense competition and new model releases in China's AI market.
Jindal Steel, led by MD VR Sharma, will not incur debt for capacity expansion, instead prioritizing existing capacity optimization, value-added products, and cost savings. The company plans to spend 11% less on capex this fiscal year, contrasting with rivals, and aims for 100% capacity utilization before further expansion.
US companies are increasingly adopting Chinese AI models due to significant cost savings compared to domestic rivals. Models from DeepSeek and Z.ai are closing the performance gap, with Chinese AI usage via OpenRouter surging from 11% to 46% weekly.
China's HQ-9 long-range surface-to-air missile system has been sold to Azerbaijan, Egypt, Pakistan, Turkmenistan, and Uzbekistan, while Serbia operates the FK-3, an HQ-22 variant, marking a rare European presence of Chinese defence technology.
Andrey Puchkov, CEO of the United Shipbuilding Corporation (USC), stated that USC's design bureaus can tailor export naval projects to foreign customers' cost efficiency requirements, offering various configurations and weapon system options for a single platform.
The US Department of Defense added WuXi AppTec to its list of Chinese military companies. Analysts predict minimal impact on the company and the broader pharma sector due to cost efficiencies and ongoing collaboration.
Infosys has dropped out of India’s top 10 most valued companies after losing over Rs 2 lakh crore in market capitalisation, with the stock down ~30% year-to-date to around Rs 4.9 lakh crore. Despite solid Q4 results with 13% YoY revenue growth to Rs 46,402 crore and net profit of Rs 8,501 crore, the company’s FY27 outlook of 1.5-3.5% constant currency growth disappointed investors. Analysts cite weak discretionary spending, AI-led pricing pressure being passed to clients, and uneven demand across sectors as key challenges, though deal wins remain strong at $14.9 billion for FY26.
