Big AI reset ahead? Chris Wood doubts hyperscalers’ $990 bn capex estimates, highlights India’s reverse AI trade advantage

Economic Times - Sep 25, 2026

Jefferies’ Chris Wood expects the AI investment narrative to face a major reset, questioning whether Meta, Alphabet, Amazon and Microsoft can sustain $990 billion in projected 2027 capex. He also sees Indian IT services as a potential reverse AI trade, with valuations falling even as employment remains resilient.

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Congress protests against CEC Gyanesh Kumar spread across India; marches in Delhi, Chandigarh, Lucknow, Guwahati
Sep 25, 2026
Congress protests against CEC Gyanesh Kumar spread across India; marches in Delhi, Chandigarh, Lucknow, Guwahati

Congress workers staged protests across India on Friday demanding CEC Gyanesh Kumar’s resignation, a day after Rahul Gandhi accused the Election Commission of electoral wrongdoing. Demonstrations were held in Jammu and Kashmir, Guwahati, Dehradun, Chandigarh and Lucknow, while Delhi saw security deployment ahead of Congress and Youth Congress marches.

Asian Games 2026: "Little disappointment", says Asiad-silver medalist Aishwary Tomar on missing individual medal in shooting
Sep 25, 2026
Asian Games 2026: "Little disappointment", says Asiad-silver medalist Aishwary Tomar on missing individual medal in shooting

Indian shooter Aishwary Pratap Singh Tomar on Friday said he was happy with the men's 50m Rifle 3 Positions Team silver medal but admitted disappointment over missing out on a medal in the individual event at the Asian Games.

Integrum Energy Infrastructure files papers with Sebi to raise funds via IPO
Sep 25, 2026
Integrum Energy Infrastructure files papers with Sebi to raise funds via IPO

Integrum Energy Infrastructure has launched its initial public offering (IPO) to secure funds for diverse operational enhancements. The firm intends to bolster its working capital while also expanding its portfolio of renewable energy projects. A portion of the raised capital will be directed towards its subsidiary, Integrum Green Assets, primarily for procuring wind turbines and settling outstanding debts. This marks a renewed effort at listing, following a previous pause.

'13 crore voters deleted': Priyanka Gandhi Vadra says evidence available on SIR violations, slams BJP's 'lame excuses'
Sep 25, 2026
'13 crore voters deleted': Priyanka Gandhi Vadra says evidence available on SIR violations, slams BJP's 'lame excuses'

Priyanka Gandhi Vadra has accused the BJP of deleting 13 crore voters from electoral rolls during the SIR process. She claims this action undermines democracy and demands accountability from the BJP leadership. The Election Commission of India has defended its actions, stating that the process is legally compliant. Meanwhile, the Congress is seeking actions against the Chief Election Commissioner for alleged electoral manipulation.

UK consumer confidence hits over two-year high in September as personal finances improve: GfK
Sep 25, 2026
UK consumer confidence hits over two-year high in September as personal finances improve: GfK

UK consumer confidence unexpectedly reached its highest level in over two years in September, with GfK's barometer rising to -13. Supported by improving household personal finance sentiment, the index beat expectations despite ongoing concerns over persistent inflationary pressures and rising fuel and energy costs weighing on broader economic recovery.

Since 1975, Roosevelt Island has used a pneumatic waste system: Residents drop trash into chutes, and it is sucked through tubes at 60 to 70 mph to one collection point
Sep 25, 2026
Since 1975, Roosevelt Island has used a pneumatic waste system: Residents drop trash into chutes, and it is sucked through tubes at 60 to 70 mph to one collection point

Roosevelt Island in New York City uses a pneumatic waste collection system that operates through underground tubes. Residents dispose of trash via chutes, which are collected by fans that create suction. This technology was initially implemented in the 1970s and continues to function effectively today. Recent studies highlight the environmental benefits and challenges of pneumatic systems compared to traditional methods. Other US cities are now exploring similar waste management approaches.

NYC election 2026: 5 ballot proposals on outdoor dining, street safety, permits and rainy-day funds explained
Sep 25, 2026
NYC election 2026: 5 ballot proposals on outdoor dining, street safety, permits and rainy-day funds explained

New Yorkers will vote on five proposed charter amendments on November 3, 2026. The proposals include changes to outdoor dining applications, city contracts, and street safety projects. Additionally, the amendments aim to simplify construction permits and establish a rainy-day fund target. The Commission on Government Efficiency developed these proposals based on public input from over 1,000 New Yorkers.

Tears, shadows and star power: Taylor Swift’s ‘Patient Zero’ to debut at VMAs on Sunday
Sep 25, 2026
Tears, shadows and star power: Taylor Swift’s ‘Patient Zero’ to debut at VMAs on Sunday

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ArcelorMittal to book $1 billion charge as Russian strikes shutter Ukraine plant
Sep 25, 2026
ArcelorMittal to book $1 billion charge as Russian strikes shutter Ukraine plant

ArcelorMittal announced it will incur a non-cash impairment charge of approximately $1 billion. This charge results from repeated missile strikes damaging its Kryvyi Rih operations in Ukraine. The company has already supported the unit with over $700 million since the conflict began. It will prioritize preserving infrastructure while discussing the plant's future with the government. The firm hopes to explore options for resuming production once peace is restored.

In 2014, New Jersey reused 7,000 cubic yards of dredged sand at Ring Island; the new nesting ground was later used by 4 threatened or at-risk shorebird species
Sep 25, 2026
In 2014, New Jersey reused 7,000 cubic yards of dredged sand at Ring Island; the new nesting ground was later used by 4 threatened or at-risk shorebird species

New Jersey has implemented an innovative project to support nesting birds facing habitat loss due to rising sea levels. Sand dredged from waterways was used to raise the ground on Ring Island for bird nesting. Species such as black skimmers and least terns have begun to return to these created habitats after several years. Ongoing maintenance is required to ensure these habitats remain suitable for the birds.

‘Office politics babu bhaiya’: Woman resigns from job, alleges workplace harassment, HR ignored complaints and juniors were pressured to complain against her
Sep 25, 2026
‘Office politics babu bhaiya’: Woman resigns from job, alleges workplace harassment, HR ignored complaints and juniors were pressured to complain against her

In a heartfelt Instagram post, Ritica recounted her experiences of workplace harassment and the struggles leading to her resignation. Despite raising several concerns with HR, she felt her voice was marginalized. Also allegations emerged that her juniors were pressured into filing complaints against her. After futile attempts to seek redress from senior HR, Ritica chose to leave the job, feeling utterly unsupported in her workplace.

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