Shares of Advanced Micro Devices jumped sharply after the chipmaker delivered strong quarterly results and issued an upbeat outlook, driven by robust demand for AI chips. Growth in its data centre business and rising adoption of AI infrastructure reinforced investor confidence in AMD’s position as a key challenger in the AI semiconductor space.
Localisation lens on 500 most-imported items: DPIIT analysing data; move aims to reduce country’s import bill
The Indian government is scrutinizing over 500 imported products, including machinery, fertilizers, and electronics, to identify opportunities for domestic manufacturing and reduce reliance on foreign