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Industry leaders said businesses must focus on infrastructure to keep AI chips running efficiently. While companies spend crores on processors, poor storage and network speeds often cause bottlenecks. Sharad Sanghi noted, “Buying the latest GPUs is not enough.” Without supporting systems, expensive hardware fails to deliver the expected financial returns.
DLF Ltd is focusing on luxury home sales, profit margins, and rental income to drive growth, MD Ashok Tyagi said on Saturday. The firm sold properties worth Rs 4,457 crore in the first half. Tyagi said, "Fundamentally, the three key drivers of our business are strong pre-sales of the identified products."
The government released a new steel policy on October 17, 2026, to boost India's crude steel capacity to 604 million tonnes by 2047. Industry leaders said the plan promotes a circular economy and value-added production. Pankaj Malhan said, "The industry welcomes this policy direction and remains committed to advancing refractory recycling."
The FSSAI prosecuted Surya Food & Agro Ltd. for using cattle feed bran in Priyagold biscuits. Inspectors found the material in gunny bags meant for animals, raising serious safety concerns. The regulator suspended the company’s licence after finding poor hygiene and improper storage. Officials also flagged other firms for unsafe products.
Bharti Enterprises chairman Sunil Bharti Mittal said AI tools like ChatGPT are opening new possibilities for his business. He urged companies to recognise technological shifts and act early to stay competitive. “We are seeing very different technology shifts happening,” he said, noting that businesses must pivot to find new areas.
Axis Bank reported a 37.6 percent year-on-year increase in net profit to Rs 7,003.3 crore for the second quarter of FY27. While the profit missed market estimates, the bank saw its net interest income rise to Rs 15,371.4 crore. Asset quality also improved, as the gross non-performing assets ratio fell.
Big tech companies are driving a massive capital expenditure boom to build artificial intelligence infrastructure. A report published on October 17, 2026, showed that $2.9 trillion of these commitments remain hidden off balance sheets. These complex agreements could trigger systemic risks across global markets as these costs eventually hit company financials.
Formula One driver Fernando Alonso owns an expansive collection of luxury cars, including a Pagani Zonda Diamante Verde valued at nearly $11 million. The Spaniard, who currently races for Aston Martin, also keeps multiple Ferraris and a McLaren P1. His passion for vehicles reflects his successful career since his 2001 debut.
Gold rates increased today, Saturday, October 17, 2026, at major jewellery brands like Tanishq, Malabar Gold & Diamonds, Joyalukkas, and Kalyan Jewellers. Tanishq priced 22k gold at Rs 13,575 per gram, up from Rs 13,555 on October 16. Many buyers check these latest rates before they head out to buy precious metals.
In 2021, a North Carolina farmer struggling to expand his sheep business found 33 acres beneath solar panels; then landed a second solar grazing contract. Alex Greer used the NC Choices programme to connect with Renew Petra. This smart move helped him manage 38 acres without buying any new land.
IMF chief Kristalina Georgieva said on Friday that AI risks may exceed opportunities without proper safeguards and an ethical framework. She backed a mix of industry self-regulation and government input. "If there are no safeguards, then the risks may exceed the opportunities," she said during a panel in Bangkok.
Rule 114 helps investors estimate how long mutual fund investments take to triple based on expected annual returns. You divide 114 by the return rate to find the years needed. While this formula supports long-term planning, remember that mutual fund returns fluctuate and are never guaranteed for any investor.