Big pay packets are being offered to tech professionals who have a close understanding of what clients actually need for productive AI adoption. Indian IT service companies like TCS are thus in a hurry to create forward deployment units.

Onsemi anticipates third-quarter revenue exceeding Wall Street expectations. This growth stems from surging demand for power management chips. The company expects AI data center revenue to more than double by 2026. Onsemi also reported second-quarter results in line with analyst estimates. Shares saw a slight decline after the company’s positive outlook was released.

Tokyo and Washington have said they acted in concert to strengthen the yen against the dollar. This revives the spirit of the 1985 Plaza Accord—which haunted Japan’s economy for decades thereafter.

GLOBAL-GRAINS/ (UPDATE 2):GRAINS-CBOT grains, soybeans fall as oil drops on Iran hopes

In a novel experiment, the Indian government plans to share the risks of oil and gas exploration with private explorers. But the success of this bold new policy approach aimed at import substitution would partly depend on how smartly its outlay is deployed.

Palantir Technologies Inc.’s stock surge has wiped out all of the year-to-date paper gains for short sellers, saddling them with billions in losses.

“We have acquired a majority stake in Bengaluru-based XNG Automation to expand our local production of automation solutions,” Agile India managing director Saravanan Solaiappan said without sharing financial details of the deal.

CoreWeave CFO Nitin Agrawal sells $6.8m in stock on June 16

Rate hikes are more likely to be reactive than proactive, becoming a real possibility only if core inflation sustains above 4.5% in a broad-based manner. 

NextNav CEO Mariam Sorond sells $51,877 in company stock