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Urban households feel the pinch as jobs, prices raise economic worries

More than 54 percent of urban households believe that economic conditions have worsened over the past year. Concerns regarding employment and rising prices are significantly impacting consumer confidence among respondents. The Reserve Bank of India noted a decline in both the Current Situation Index and Future Expectations Index this September. Despite the economic concerns, household sentiment…

Urban households feel the pinch as jobs, prices raise economic worries

We haven't written up this one. The Economic Times - Economy has the full story — the link below goes straight to it.

Read the original at economictimes.indiatimes.com →

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Samsung flags 783% profit jump to record $80bn as AI chip boom also lifts TSMC sales

Samsung Electronics estimated on Thursday that its third-quarter operating profit jumped almost ninefold to a record 107.4 trillion won, or $80.2 billion, while sales at Taiwan's TSMC hit a quarterly…

  • Samsung's operating profit jumps 782.5% to $80.2 billion, setting a new record
  • TSMC reports record quarterly revenue of $46.8 billion, up 51% year-on-year
  • Both companies' growth driven by surging AI chip demand and memory shortages

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