Business
Gautam Adani has outlined a major expansion plan for the Adani Group, placing nuclear energy, artificial intelligence infrastructure and large-scale transport projects at the centre of the conglomerate’s future growth strategy. Adani Group Nuclear Energy Plan At the company’s Annual General Meeting, Gautam Adani said the group has formally entered the nuclear energy sector
Finance
The Reserve Bank of India has clarified that domestic banks can extend loans to non-residents against foreign currency deposits, including through their overseas branches, as part of efforts to attract more foreign exchange inflows. RBI Allows Loans Against FX Deposits The RBI said Indian banks may offer loans to non-residents against Foreign Currency Non-Resident Bank
Markets
Canada-based Fairfax has bought nearly $1 billion worth of Indian government bonds through its local unit, in a rare large-scale purchase that may be linked to its interest in acquiring a stake in IDBI Bank. Fairfax Buys Indian Government Bonds Fairfax India Holding Corp purchased Indian government debt worth nearly $1 billion last Friday, marking […]
Industry
India is exploring steady supplies of Australian spodumene to support domestic ceramic glass production for induction cooktops, as the government looks to reduce dependence on Chinese imports amid a sharp rise in electric cooking appliance demand. India Eyes Australian Spodumene Supply Senior government officials said the Power Ministry has taken up the issue of
Business
CRED founder Kunal Shah has been named the next global head of WhatsApp as Meta announced a major investment in the Indian fintech company, marking one of the biggest leadership moves involving an Indian startup founder in global technology. Kunal Shah To Lead WhatsApp Globally Kunal Shah will take charge of WhatsApp globally, succeeding Will […]
Business Trade
Uttar Pradesh’s exports to BRICS member and partner countries crossed $5.36 billion in FY26, highlighting the state’s expanding trade footprint across emerging global markets. Uttar Pradesh Exports To BRICS Cross $5.36 Billion Uttar Pradesh recorded exports worth more than $5.36 billion to BRICS member and partner nations during the financial year 2025-26. Of this, goods
Business
A remark by Anthropic CEO Dario Amodei describing the India AI Impact Summit as “extremely disorganised” has triggered a political exchange between the Congress and the BJP after a video clip from an interview circulated widely on social media. Dario Amodei India AI Summit Remark Amodei made the comment while responding to a question about […]
Business
Reliance Industries chairman Mukesh Ambani has outlined a major artificial intelligence push, with Jio preparing AI services for phone calls, mobile apps, connected homes and sector-specific digital platforms. Reliance Jio AI Push Expands Reliance used its annual shareholder meeting to announce new AI-led services aimed at making artificial intelligence part of everyday
Business Markets
Indian stock markets fell sharply on Friday after a five-session rally, with the Sensex dropping more than 800 points and the Nifty slipping below 23,950. The correction erased around ₹1.3 lakh crore from the market value of Sensex-listed companies within two hours, as selling spread from IT stocks to the broader market. Stock Market Crash […]
Business
Apple is preparing to raise product prices as the global artificial intelligence boom pushes up the cost of memory and storage chips. The company has not confirmed which devices will become costlier or when the changes will take effect, but higher component costs are now expected to affect future Apple products. Apple Price Hike Due […]