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TechnologyPhoto: ET MarketsSix major hyperscalers plan to invest $7.7 trillion in AI from 2026 to 2030. UBS estimates these companies must generate an additional $1 trillion in earnings before interest and taxes by 2031 to justify this spending. The main challenges are whether AI will significantly boost productivity and if companies can effectively monetize these gains.
ET Markets·
BusinessPhoto: Firstpost BusinessOman's strategic location outside the Strait of Hormuz, increased oil export revenues, and ongoing economic reforms are enabling it to withstand disruptions in the Gulf region. Tim Callen, former IMF assistant director and visiting fellow at the Arab Gulf States Institute, explains that these factors could help Oman achieve positive economic growth while other Gulf economies face contraction.
Firstpost Business·
PoliticsPhoto: NDTVIsrael will hold its first national election since the October 7 Hamas attack on October 27, 2023. Prime Minister Benjamin Netanyahu faces a divided country and a strong challenger, former military chief Gadi Eisenkot. Neither is expected to win a majority alone in the 120-seat parliament. Four possible outcomes include alliances between parties to form a government, with key challenges in agreeing on leadership and policies.
NDTV·
SportsPhoto: HT SportsSamir Banerjee, 2021 junior Wimbledon singles champion and Stanford graduate, won his first professional tennis title at an M25 Futures event in Solapur. Despite challenging conditions on patchy hard courts under the October sun, Banerjee held his nerve. He is currently recovering from injury and focused on rebuilding his ranking, showing readiness to compete anywhere.
HT Sports··Solapur
PoliticsPhoto: NDTVThe BJP held protests at its state headquarters across India demanding Congress chief Mallikarjun Kharge apologize and resign for his offensive remarks about Prime Minister Narendra Modi. The controversy began when Kharge said, "Modi ka baap bhi jayega" in Patna. BJP leaders condemned the comment, with protests including marches and effigy burnings in Bihar, Jammu, and Bengaluru. Defence Minister Rajnath Singh expressed shock and hurt over the remarks.
NDTV·
PoliticsPhoto: News18 HindiUnion Minister HD Kumaraswamy accused Karnataka Chief Minister DK Shivakumar of placing a 600 crore rupees contract to eliminate his family. Although these serious allegations remain unconfirmed, they have sparked significant turmoil in Karnataka politics.
News18 Hindi·
ET Markets·
Photo: ET MarketsSix major hyperscalers plan to invest $7.7 trillion in AI from 2026 to 2030. UBS estimates these companies must generate an additional $1 trillion in earnings before interest and taxes by 2031 to justify this spending. The main challenges are whether AI will significantly boost productivity and if companies can effectively monetize these gains.
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