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'DeepSeek aids China's military'

Mint Mumbai

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June 24, 2025

Artificial Intelligence (AI) firm DeepSeek is aiding China's military and intelligence operations, a senior US official told Reuters, adding that the Chinese tech startup sought to use Southeast Asian shell companies to access high-end semiconductors that cannot be shipped to China under US rules.

'DeepSeek aids China's military'

Hangzhou-based DeepSeek sent shockwaves through the technology world in January, claiming its AI reasoning models were on par with or better than US industry-leading models at a fraction of the cost.

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Mint Mumbai

HCLTech reports $146 mn in advanced AI revenue, up 46%

HCL Technologies Ltd's management said it would continue to share revenue from automation tools, as this would give stakeholders a ringside view of the company’s prowess in making itself future-ready.

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Mint Mumbai

Battery storage set to get local flavour

Components in BESS may need compulsory 50% local content

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3 mins

January 14, 2026

Mint Mumbai

USK buys into US snack brand Go Raw

USK Capital, the family office of billionaire banker Uday Kotak, has acquired a majority stake in Freeland Foods LLC, which owns the US-based seed-snack brand Go Raw.

time to read

1 mins

January 14, 2026

Mint Mumbai

Road ministry outlay to stay flat, in push for pvt capital

The Centre may keep the road ministry's allocation in the Union Budget 2026-27 nearly unchanged from the previous year's ₹2.72 trillion, aiming to shift focus towards attracting private investment, even as highway construction slows, according to two officials close to the discussions.

time to read

4 mins

January 14, 2026

Mint Mumbai

FPIs switch gears: Cyclicals gain, defensives lose in 2025

FPIs pulled 1.67 trillion from Indian equities in 2025, despite sharp sector-level divergence

time to read

4 mins

January 14, 2026

Mint Mumbai

Consent at a tap becomes a challenge for digital lending

Lenders want continuous access to and use of certain borrower data for duration of live loans

time to read

3 mins

January 14, 2026

Mint Mumbai

Electronics to beat IT pace in 5 years

Driven by aggressive policy support and a global realignment of supply chains, India's electronics manufacturing industry is set to grow nearly three times faster than the country's flagship information technology (IT) services sector and draw level with it in terms of revenues over the next five years, a top government official said.

time to read

2 mins

January 14, 2026

Mint Mumbai

Why FIIs are back in consumer durables

Foreign institutional investors (FIIs) reversed the four-month selling streak in December, turning net buyers of Indian consumer durable stocks with purchases worth $438 million.

time to read

2 mins

January 14, 2026

Mint Mumbai

TCS, HCL signal no broad revival

The December quarter (Q3FY26) results of large-cap information technology (IT) companies Tata Consultancy Services Ltd (TCS) and HCL Technologies Ltd played out largely as expected, with HCL leading on revenue growth.

time to read

2 mins

January 14, 2026

Mint Mumbai

Mint Mumbai

He's their daddy. Meme-stock traders rush to Powell's defense.

When Jerome Powell went public with his defense of the Federal Reserve's independence, the central bank’s chair found an unlikely army standing behind him: the meme-stock crowd.

time to read

3 mins

January 14, 2026

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