EY identified the US power and utilities sector as a key investment theme for 2026 driven by surging electricity demand from artificial intelligence data centres.
Category: Business
India’s Defence Manufacturing Ambitions Boosted by Rafale Jet Maintenance and Transfer Deals
Analysts noted that the Rafale deal includes provisions for Indian defence manufacturing and technology transfer which aligns with the government’s Aatmanirbhar Bharat goals.
Zoom Reports Strong Quarterly Earnings Beating Revenue Estimates
Video-conferencing company Zoom reported quarterly earnings that exceeded Wall Street estimates continuing its recovery narrative in the post-pandemic hybrid work economy.
RBI Yashwant Co-Op Bank Licence Cancellation Leaves Thousands of Depositors at Risk
The RBI’s decision to cancel Yashwant Co-operative Bank’s licence left thousands of account holders uncertain about access to their deposits.
EU-China Tensions Rise as European Manufacturers Face Solar and EV Overcapacity Crisis
Analysts noted mounting EU-China friction as European manufacturers struggle with Chinese industrial overcapacity across solar panels electric vehicles and semiconductors.
Montana Land Board Changes Procedure for State Land Swaps After Controversy
The Montana Land Board revised its procedural rules for facilitating land swap agreements involving state-owned parcels following public scrutiny of past transactions.
SIDBI Digital MSME Platform Aims to Streamline Credit Access for India’s Small Businesses
India’s Small Industries Development Bank launched a new MSME-focused digital platform designed to simplify loan applications and expand access to formal credit for small businesses.
Dow Jones Drops 118 Points as Investors Weigh Mixed Market Signals
The Dow Jones Industrial Average fell 118.02 points or 0.23% to close at 50461 as investors balanced optimism on Iran talks against concerns over inflation and consumer spending.
GenAI Shifting from Assistive to Autonomous Workforce Roles: EY Research
EY research published in May 2026 found that the use of generative AI in enterprises is rapidly shifting from assistive tools to autonomous decision-making systems affecting workforce planning.
India Rafale Deal Could Benefit Dassault Aviation and French Aerospace Sector
Analysts noted that India’s proposed 114-jet Rafale procurement deal worth Rs 3.25 lakh crore would significantly bolster the French aerospace industry and bilateral trade ties.