Global AI race: DeepSeek gains ground in developing nations; Microsoft flags widening gap

Chinese AI startup DeepSeek is seeing rapid adoption across several developing countries, helping broaden access to generative artificial intelligence even as the overall gap between advanced and emerging economies continues to widen, according to a new Microsoft report.The report said global adoption of generative AI tools reached 16.3% of the world’s population in the three…

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US mortgage rates: 30-year home loan rate inches up to 6.16%, stays near 2025 low as housing demand remains cautious

The average interest rate on a 30-year US mortgage edged slightly higher this week but remained close to its lowest level of 2025, offering limited relief to homebuyers amid a still-challenging housing market, according to data released by Freddie Mac.The average long-term mortgage rate rose to 6.16% this week from 6.15% last week, when it…

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Power Mech Projects Limited

Power Mech Projects Limited has informed the Exchange regarding a press release dated January 08, 2026, titled “Awarded BESS order from West Bengal State Electricity Distribution Company Establishing of 1 GWh BESS with additional Greenshoe option for a further 1 GWh Revenues of Rs. 1,563 Cr (Rs. 3,126 Cr including Greenshoe option) “. |SUBJECT: Press…

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