Indian IT Firms Brace for Another Weak Quarter Amid Tepid US Demand India’s top information technology firms are expected to post another subdued quarter as weak client spending in the United States and seasonal holiday shutdowns continue to dampen revenue growth. Analysts from nine brokerages forecast muted results for the December quarter, underscoring the industry’s struggle to regain momentum after a challenging year. Brokerages Expect Modest Revenue and Profit Growth According to estimates, the six largest IT companies by revenue will record around 4% year-on-year growth in revenue and a 5% increase in profit, down from 6.5% growth in the…
Author: Kanika Sharma
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Over 30 Automotive Firms Unite on Open-Source Software to Drive Innovation and Cut Costs More than 30 companies from across the global automotive supply chain have agreed to collaborate on developing open-source software for next-generation vehicles, aiming to cut costs and accelerate innovation. The German automotive industry association VDA announced the expansion of the initiative on Wednesday at the CES trade show in Las Vegas. Expanding Cooperation at a Pivotal Industry Moment As carmakers and suppliers increasingly rely on artificial intelligence and software to modernise vehicle design, the industry faces mounting pressure from high costs and slow innovation. The VDA’s…
Tesla’s Decline Strengthens Musk’s Visionary Image Elon Musk’s bold ambitions for Tesla are beginning to look more forward-thinking than ever, even as the electric vehicle (EV) pioneer’s market dominance fades. While Tesla’s recent struggles have highlighted the limits of its automotive business, they have also reinforced Musk’s reputation as a futurist, steering the company toward artificial intelligence, robotics and energy systems that may define its next chapter. Tesla’s Waning Lead in Electric Vehicles Just a few years ago, Tesla held an unchallenged position in the EV market, accounting for nearly all global profits from battery-powered vehicles. That monopoly has since…
Chinese AI Server Giant xFusion Prepares for IPO with Citic Securities China’s top AI server manufacturer, xFusion, has taken the first formal step toward a public listing by appointing Citic Securities as its adviser for an initial public offering (IPO), according to a regulatory filing released this week. xFusion Begins IPO “Tutoring” Phase The Henan-based company, a spin-off from Huawei, signed an agreement with Citic Securities on December 31 to commence its IPO “tutoring” process. This stage, which typically lasts several months, is designed to familiarise company executives with listing regulations and compliance requirements. The process will run from January…
Lenovo Unveils AI Cloud Partnership with Nvidia and Launches Qira Superagent at CES 2026 Lenovo announced a major collaboration with U.S. chipmaker Nvidia and introduced a new personal AI assistant, Qira, at the Consumer Electronics Show (CES) in Las Vegas on Tuesday, January 6. The launch marked the Chinese company’s latest effort to expand its presence in artificial intelligence and cloud computing. Lenovo and Nvidia Partner on AI Cloud Infrastructure Speaking on stage alongside Nvidia CEO Jensen Huang, Lenovo Chief Executive Yang Yuanqing revealed the launch of the Lenovo AI Cloud Gigafactory, developed in partnership with Nvidia. The initiative will…
Investors Eye Value Opportunities in 2026 as AI Rally Matures Global investors are expected to shift their focus in 2026 towards undervalued sectors and assets, as concerns over a potential artificial intelligence (AI) bubble prompt a move away from high-priced technology stocks. Analysts say that after a year of strong gains driven by AI enthusiasm, markets are entering a phase where selectivity and active investing will be crucial. Selective Investing Takes Centre Stage Following a volatile 2025 — marked by sharp swings due to US tariff policies and a subsequent recovery to record highs — analysts predict continued upward momentum…
Sony Honda Mobility Reveals New Prototype EV at CES 2026 Sony Honda Mobility, the joint venture between Sony Group and Honda Motor, unveiled a new prototype electric vehicle (EV) at the CES trade show in Las Vegas on Monday. The presentation marked one of the few major automotive showcases at this year’s event, as many US carmakers scaled back their EV plans amid softening demand and shifting government policies. Afeela Prototype Targets US Market by 2028 CEO Yasuhide Mizuno announced that the company plans to introduce a new model based on its Afeela prototype to American customers as early as…
Sophie Adenot Ready for First Mission to International Space Station ESA astronaut Sophie Adenot is preparing for her first journey to the International Space Station (ISS), with launch planned no earlier than 15 February. Before her departure, she made a final public appearance at the European Space Agency’s (ESA) European Astronaut Centre (EAC) in Cologne, Germany, where she was formally introduced by ESA’s Director of Human and Robotic Exploration, Daniel Neuenschwander. Neuenschwander commended Adenot’s outstanding performance throughout her training. “From ESA’s basic training to the specific mission preparation, she has exceeded all expectations and earned respect as a diligent professional.…
Starlink to Lower Satellite Orbits in 2026 to Boost Space Safety SpaceX plans to reconfigure its Starlink satellite network by reducing the orbital altitude of its satellites from around 550 kilometres to 480 kilometres throughout 2026. The move, announced by Michael Nicolls, SpaceX’s vice president of Starlink engineering, aims to improve the overall safety of operations in space. Lower Altitude to Reduce Collision Risks According to Nicolls, bringing the satellites closer to Earth will make orbital traffic safer and more manageable. He explained on X, the social media platform, that reducing the altitude would condense the orbits and lower the…
Italian Prosecutors Drop Probe into Suspected Russian Drone Flights Over EU Space Centre Italian prosecutors have requested the dismissal of an investigation into alleged Russian drone activity over a European Union research facility, after determining that the supposed flights were the result of signal interference rather than espionage. Two sources familiar with the matter told Reuters that the Milan prosecutors’ office found no evidence of foreign drone operations near the European Joint Research Centre (JRC) in Ispra, northern Italy. The investigation concluded that 21 supposed overflights between March and May 2025 were actually false positives caused by a private GSM…