Economic Times4/19/2026BusinessIndia
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Developing·5m ago
Google Invests in Proxima Fusion's €411 Million Round for European Fusion Power Plant
Google has invested in Germany-based Proxima Fusion as part of a €411 million funding round to build Europe's first commercial nuclear fusion power plant. While acknowledging fusion's potential, Google cautioned about the challenges of commercialization.
Times of India
Developing·6m ago
Samsung Electronics Surpasses Nvidia as World's Most Profitable Tech Company Driven by AI Chip Demand
Samsung Electronics reported a record quarterly operating profit of 89.4 trillion won ($58.6 billion), driven by booming demand for AI memory chips. This surge has allowed Samsung to overtake Nvidia as the world's most profitable technology company, with revenue also reaching an all-time high.
Times of India
Developing·29m ago
Indian Microfinance Lenders Face Renewed Pressure from Weak Monsoon and Rising Prices
Indian microfinance lenders are facing increased default risks due to a weak monsoon outlook and rising prices, which threaten rural incomes. This comes after a period of recovery for the sector, with significant exposure to agriculture and rural areas.
Economic Times
Business·44m ago
Silvana Tenreyro Appointed IMF Chief Economist
Silvana Tenreyro will become the International Monetary Fund's new chief economist starting August 10, 2026. Her policy experience and academic background, including her time on the Bank of England's Monetary Policy Committee, will be instrumental in guiding the IMF's global economic analysis.
Economic Times
Developing·1h ago
RBI Pushes for Interoperability in Trade Receivables e-Discounting System
The Reserve Bank of India is advocating for interoperability within the Trade Receivables e-Discounting System (TReDS). This initiative aims to prevent business concentration among a few entities, drawing parallels to the early stages of UPI. Discussions with industry stakeholders and a process note have been shared.
Economic Times
Developing·1h ago
Amazon Prime Day and Flipkart GOAT Sale Kick Off Mid-Year Sales with Mixed Results
Amazon's Prime Day (July 4-6) and Flipkart's GOAT sale (July 4-9) have launched the mid-year sale period. Initial results are mixed across categories, with mobile phones, large appliances, and fashion showing varied performance, setting expectations for the upcoming festive season.
Economic Times