Business
Adani Enterprises is looking to significantly expand its airport operations in India as part of an investment plan estimated at around $11 billion. The group plans to bid for additional airports being offered for private operation by the government, strengthening its position as the country’s largest airport operator by number of facilities. Bidding for More […]
Business
Tata Consultancy Services (TCS) has said its artificial intelligence services are now generating about $1.5 billion in annualised revenue, underlining the growing role of AI in the company’s overall business. The disclosure was made by TCS Chief Executive Officer K Krithivasan, marking the first time the company has publicly quantified revenue from its AI portfolio. […]
Business
OpenAI is in discussions with Amazon over a potential investment of at least $10 billion, as the artificial intelligence company looks to secure additional funding to support its expanding operations and computing needs. The talks are at an early stage and no final agreement has been reached, according to people familiar with the matter. Possible […]
Business Finance
Parliament has approved a major reform allowing 100 per cent foreign direct investment (FDI) in India’s insurance sector, raising the existing cap of 74 per cent. The decision was taken through amendments to insurance-related laws with the objective of expanding capital availability, strengthening the sector, and improving insurance coverage across the country. Aim to
Trade
India has initiated talks with Mexico after proposed tariff increases threatened to impact nearly $2 billion worth of Indian exports, officials said. The discussions are taking place at the technical level, with India seeking ways to prevent higher duties from affecting key export sectors. Mexico has announced plans to impose higher import tariffs on countries […]
Trade
India’s exports recorded their fastest growth in three years, defying concerns over higher tariffs imposed by the United States under President Donald Trump. Official data shows that outbound shipments grew strongly in recent months, driven by resilient demand from key markets, especially the US, and improved competitiveness of Indian goods. Government officials said the
Business
SpaceX has begun early-stage discussions with Wall Street banks as it explores the possibility of a future initial public offering, according to people familiar with the matter. Senior executives at the Elon Musk-led aerospace company have reportedly started the process of sounding out major investment banks to assess market interest and potential valuation scenarios. The