NEWS

The New Oil (Part 4): Can Technology Break the Dependency?

The New Oil (Part 4): Can Technology Break the Dependency?

By Cygnus | 16 Jan 2026

Can magnet recycling and rare-earth-free motors reduce global dependence on strategic minerals? Part 4 explores breakthroughs, limits and timelines.

L&T Wins ‘Large’ Petronet Contract to Build Storage at Dahej Petrochemical Complex

L&T Wins ‘Large’ Petronet Contract to Build Storage at Dahej Petrochemical Complex

By Cygnus | 16 Jan 2026

L&T wins a ₹2,500–₹5,000 crore Petronet LNG order to build ethane and propane storage tanks at Dahej, supporting India’s cold energy petrochemical complex.

Wipro Beats Q3 Revenue Estimates on Growth in Americas Business

Wipro Beats Q3 Revenue Estimates on Growth in Americas Business

By Axel Miller | 16 Jan 2026

Wipro Q3 revenue rose 5.54% to ₹235.56 billion, beating estimates as growth in its Americas business signals steadier demand from U.S. clients.

Grasim Taps ITC Veteran Sachin Sahay to Lead Birla Opus in Paint Wars

Grasim Taps ITC Veteran Sachin Sahay to Lead Birla Opus in Paint Wars

By Cygnus | 16 Jan 2026

Grasim appoints ITC veteran Sachin Sahay as CEO of Birla Opus Paints from Feb 16, strengthening execution as competition with Asian Paints heats up.

Italy Probes Microsoft Unit Over ‘Aggressive’ In-Game Sales in Call of Duty, Diablo

Italy Probes Microsoft Unit Over ‘Aggressive’ In-Game Sales in Call of Duty, Diablo

By Axel Miller | 16 Jan 2026

Italy’s AGCM has opened two investigations into Microsoft’s Activision Blizzard over alleged “aggressive” in-game sales tactics in mobile titles.

Taiwan positions itself as strategic AI partner to US after tariff deal

Taiwan positions itself as strategic AI partner to US after tariff deal

By Cygnus | 16 Jan 2026

Taiwan aims to deepen AI and semiconductor ties with the US after a tariff deal cutting rates to 15% and boosting investment plans led by TSMC.

German AI Startup Parloa Jumps to $3 Billion Valuation in $350 Million Funding Round

German AI Startup Parloa Jumps to $3 Billion Valuation in $350 Million Funding Round

By Axel Miller | 15 Jan 2026

Parloa raised $350 million in Series D funding led by General Catalyst, lifting its valuation to $3 billion as enterprise AI demand accelerates.

Spotify to Raise US Premium Subscription Price to $12.99 From February

Spotify to Raise US Premium Subscription Price to $12.99 From February

By Axel Miller | 15 Jan 2026

Spotify will raise its US Premium Individual plan to $12.99 from February 2026, also updating Student, Duo and Family pricing to support long-term growth.

Wikimedia Foundation Signs Paid AI Data Access Deals With Microsoft, Meta, Amazon

Wikimedia Foundation Signs Paid AI Data Access Deals With Microsoft, Meta, Amazon

By Cygnus | 15 Jan 2026

Wikimedia Foundation has signed paid enterprise data-access partnerships with Microsoft, Meta and Amazon, formalising structured Wikipedia access for AI-related use.

Trump Imposes 25% Tariff on Select AI Chips to Push Domestic Production

Trump Imposes 25% Tariff on Select AI Chips to Push Domestic Production

By Axel Miller | 15 Jan 2026

Trump imposes a 25% tariff on select advanced computing chips under Section 232 to push U.S. semiconductor manufacturing, while allowing exemptions tied to domestic supply-chain buildout.

TSMC Posts Record Q4 Profit, Signals 2026 Capex Surge to Power AI Buildout

TSMC Posts Record Q4 Profit, Signals 2026 Capex Surge to Power AI Buildout

By Cygnus | 15 Jan 2026

TSMC reported record Q4 profit and raised 2026 capex guidance to $52–$56 billion as CEO C.C. Wei confirmed progress on Arizona fab expansion under its $165B U.S. plan.

Bank of America Profit Rises as Market Volatility Boosts Trading Revenue

Bank of America Profit Rises as Market Volatility Boosts Trading Revenue

By Cygnus | 14 Jan 2026

Bank of America posted a strong Q4 profit as market volatility lifted trading revenue. The bank also forecast 5%–7% growth in net interest income for 2026.

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