Business
Trump Eyes $10B Stake In Intel: Can Washington Save America’s Chip Giant?
New Delhi: The Trump administration is discussing a plan to buy about 10 percent of Intel Corp., which would make the US government the chipmaker’s largest shareholder, according to people familiar with the talks.
The idea is to turn some or all of Intel’s promised Chips and Science Act grants into government-owned shares. Intel has been approved for $10.9 billion in grants and can also access up to $11 billion in loans under the 2022 law. At today’s stock value, a 10 percent stake in Intel would be worth about $10.5 billion.
So far, no final decision has been made. White House officials and the Commerce Department, which manages the Chips Act, declined to comment on details. Intel also has not responded.
Recently, SoftBank announced a $2 billion investment in Intel, showing its confidence in the US chipmaker. After reports of the government’s possible investment, Intel’s stock price jumped, then fell briefly, before rising again after the SoftBank deal.
Intel has been struggling with falling sales and heavy losses. The company has also lost its lead in chip technology to TSMC (Taiwan) and Samsung (South Korea). New CEO Lip-Bu Tan has been cutting costs and jobs but says Intel will expand factories only when customers commit to using its advanced chip technology.
A big focus for the White House is Intel’s massive but delayed Ohio factory project, seen as vital for making advanced chips in the US.
The Trump administration is also considering whether other Chips Act grants could be turned into government stakes in different companies.
Most of the Chips Act funding was already allocated under President Biden. Intel has received $2.2 billion so far, but it’s unclear if that amount would count toward a potential equity deal.
President Trump met Intel’s CEO last week, softening his earlier criticism of Tan’s ties to China. Officials are looking at ways to strengthen Intel so the US can compete with Asian chipmakers. Previous ideas included partnerships with AMD, Nvidia, TSMC, or even foreign investors like the UAE, but none of those have advanced.
If the government goes ahead, it would continue a trend of Washington taking bigger roles in strategic industries. Recently, the Pentagon also bought a 15 percent stake in MP Materials, a US rare-earth producer, showing how serious the government is about securing supply chains for critical technologies.
The government on Thursday kept petrol and high-speed diesel (HSD) prices unchanged at Rs253.17 per litre and Rs257.08 per litre respectively, for the coming fortnight, starting from January 16.
This decision was notified in a press release issued by the Petroleum Division.
Earlier, it was expected that the prices of all petroleum products would go down by up to Rs4.50 per litre (over 1pc each) today in view of variation in the international market.
Petrol is primarily used in private transport, small vehicles, rickshaws, and two-wheelers, and directly impacts the budgets of the middle and lower-middle classes.
Meanwhile, most of the transport sector runs on HSD. Its price is considered inflationary, as it is mostly used in heavy transport vehicles, trains, and agricultural engines such as trucks, buses, tractors, tube wells, and threshers, and particularly adds to the prices of vegetables and other eatables.
The government is currently charging about Rs100 per litre on petrol and about Rs97 per litre on diesel.
Business
Gold price today: How much 22K, 24K gold cost in Delhi, Patna & other cities – Check rates – The Times of India
Gold prices climbed to a fresh lifetime high in the domestic market on Thursday amid sustained buying by jewellers and stockists, according to the All India Sarafa Association.Gold advanced by Rs 800 to hit a new peak of Rs 1,47,300 per 10 grams (inclusive of all taxes), extending gains for the fifth consecutive session. The yellow metal had closed at Rs 1,46,500 per 10 grams in the previous session.Since the start of 2026, gold prices have surged Rs 9,600, or around 7 per cent, supported by persistent demand in the physical market. In overseas trade, spot gold slipped USD 12.22, or 0.26 per cent, to USD 4,614.45 per ounce, after having touched a record high of USD 4,643.06 per ounce in the previous session.Here is how much gold costs in major Indian cities today:
Gold price in Delhi today
The price of 22K gold in Delhi is Rs 13,140 per gram, down Rs 75, while 24K gold is priced at Rs 14,333 per gram, lower by Rs 82.
Gold price in Chennai today
In Chennai, 22K gold costs Rs 13,290 per gram, up Rs 10, while 24K gold is priced at Rs 14,498 per gram, higher by Rs 10.
Gold price in Mumbai today
Mumbai markets see 22K gold priced at Rs 13,125 per gram, down Rs 75, while 24K gold stands at Rs 14,318 per gram, lower by Rs 82.
Gold price in Ahmedabad today
In Ahmedabad, 22K gold is priced at Rs 13,130 per gram, down Rs 75, while 24K gold costs Rs 14,323 per gram, lower by Rs 82.
Gold price in Kolkata today
Kolkata markets price 22K gold at Rs 13,125 per gram, down Rs 75, while 24K gold stands at Rs 14,318 per gram, lower by Rs 82.
Gold price in Jaipur today
In Jaipur, 22K gold costs Rs 13,140 per gram, down Rs 75, while 24K gold is priced at Rs 14,333 per gram, lower by Rs 82.
Gold price in Hyderabad today
Hyderabad sees 22K gold at Rs 13,125 per gram, down Rs 75, while 24K gold is priced at Rs 14,318 per gram, lower by Rs 82.
Gold price in Bhubaneswar today
Bhubaneswar markets see 22K gold priced at Rs 13,125 per gram, down Rs 75, while 24K gold costs Rs 14,318 per gram, lower by Rs 82.
Gold price in Patna today
In Patna, 22K gold costs Rs 13,130 per gram, down Rs 75, while 24K gold is priced at Rs 14,323 per gram, lower by Rs 82.
Gold price in Lucknow today
Lucknow markets see 22K gold priced at Rs 13,140 per gram, down Rs 75, while 24K gold costs Rs 14,333 per gram, lower by Rs 82.
One of Britain’s most prolific rail fare dodgers could face jail after admitting dozens of travel offences.
Charles Brohiri, 29, pleaded guilty to travelling without buying a ticket a total of 112 times over a two-year period, Westminster Magistrates’ Court heard.
He could be ordered to pay more than £18,000 in unpaid fares and legal costs, the court was told.
He will be sentenced next month.
District Judge Nina Tempia warned Brohiri “could face a custodial sentence because of the number of offences he has committed”.
He pleaded guilty to 76 offences on Thursday.
It came after he was convicted in his absence of 36 charges at a previous hearing.
During Thursday’s hearing, Judge Tempia dismissed a bid by Brohiri’s lawyers to have the 36 convictions overturned.
They had argued the prosecutions were unlawful because they had not been brought by a qualified legal professional.
But Judge Tempia rejected the argument, saying there had been “no abuse of this court’s process”.
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