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New Delhi: India's computer services industry is riding a wave of global demand, and artificial intelligence appears to be one of the big drivers. According to the World Bank, India's software exports have grown sharply since the launch of ChatGPT in late 2022, with sectors like outsourcing and business process services adopting AI faster than expected. Speaking at the Fourth Kautilya Economic Conclave in New Delhi, Franziska Ohnsorge, Chief Economist for the South Asia Region at the World Bank ...Read More >
The BSE Sensex and NSE Nifty have declined more than 3% each in the past seven sessions. (Image used for representational purposes) Foreign institutional investors (FIIs) have been selling aggressively this year, offloading over Rs 2 lakh crore in equities, including Rs 33,000 crore just in September. By September 26, their total sell-off in the cash market reached nearly Rs 2 lakh crore. Last week alone, FIIs sold shares worth Rs 19,550 crore and continued as net sellers on Monday with Rs 2,80 ...Read More >
MUMBAI: The third major global rating agency Moody's Ratings has reaffirmed its Baa3 (BBB-) sovereign rating on the country and retained the outlook at stable, one month after rival Fitch also maintained the rating at the lowest investment-grade level. On the other hand, the largest agency S&P had on August 14 upgraded the country to BBB from BBB- for the first time in 18 years. "The rating affirmation of BBB- rating and stable outlook reflect our view that India's prevailing credit strengths i ...Read More >
A sweeping premiumisation trend this festive season is benefiting manufacturers of products such as smartphones, refrigerators, laptops, washing machines, and electric vehicles (EVs) despite their goods and services (GST) tax rates staying unchanged. Companies are attributing this to an improvement in overall consumer sentiments due to income tax slab revisions announced in this year's budget and the positive effects of GST rate cuts on several other consumer goods such as petrol and diesel car ...Read More >
MUMBAI: A close to 29% jump in equity investments has pushed up the average wealth of households, measured in terms of gross financial assets, by 14.5% in 2024, which though on an annualized basis is up only 20 bps from 14.3% in the previous year, even as the household debt ratio climbed to 41, up 8 percentage points over the last decade, and does wealth inequalities, according to a report. It can be noted that over the past two decades, the real per capita financial assets of households have s ...Read More >
Gurugram - VinFast Auto India, a subsidiary of global EV brand VinFast, has signed a Memorandum of Understanding (MoU) with Central Bank of India (CBI), one of the nation's largest banks, to provide retail car financing through its exclusive dealer network. The agreement aims to offer a seamless suite of credit solutions. Under the agreement, customers will enjoy tailored financing solutions, including attractive interest rates, flexible repayment options, zero processing charges, exclusive off ...Read More >
New York [US], September 26: The Roundtable on Democratic Artificial Intelligence Governance for Global Peace and Prosperity, held during the 80th Session of the United Nations General Assembly in New York, convened former Heads of State, senior UN officials, and leading experts to discuss how democratic values can shape the future of AI. The dialogue spotlighted India role as a digital empowerment leader for the world, particularly the Global South, transforming societies through innovations su ...Read More >
New Delhi, Sep 23 (SocialNews.XYZ) The Organization for Economic Cooperation and Development (OECD) on Tuesday raised India's GDP growth by 40 bps to 6.7 per cent in 2025 from its earlier projection of 6.3 per cent in June -- driven by strong domestic demand and robust GST reforms. The OECD's latest 'World Economic Outlook' mentioned that in India, higher tariff rates will weigh on the export sector, but overall activity is anticipated to be supported by monetary and fiscal policy easing, "incl ...Read More >
CHENNAI: Indian stock markets ended the day with strong gains on Tuesday, September 16, 2025. Positive investor sentiment was supported by favorable global cues, optimism around India-US trade talks, and expectations of an interest rate cut by the US Federal Reserve. The BSE Sensex rose by 595 points, or 0.73%, closing at 82,380.69. The NSE Nifty 50 increased by 170 points, or 0.68%, ending at 25,239.10. Midcap and Smallcap indices also gained, up by 0.62% and 0.66% respectively. Among sectors ...Read More >
Mumbai: Tata International has finalised a joint venture with Mercuria that would entail the Swiss energy and commodity trading firm acquiring a 51% stake in the Tata trading arm, said people familiar with the matter. The alliance reflects several geopolitical headwinds weighing on Tata International's global operations. It is expected to give Mercuria a greater role in steering the Noel Tata-led company's trading business, the people told ET. They did not disclose the value of the stake Mercur ...Read More >
Gita Gopinath believes dollar dominance will likely continue. She cites the strength of American institutions and financial markets. During her IMF tenure, dollar dominance was a key research area. She highlights the asymmetry in global currency usage. The dollar's role impacts how economies respond to shocks. Gopinath emphasizes the importance of strong institutions for maintaining the dollar's status. Gita Gopinath, former IMF Chief Economist and Deputy Managing Director, now back again at Ha ...Read More >
Sept 12 (Reuters) - European shares slipped in choppy trading on Friday, weighed by a drop in healthcare stocks, while investors also braced for Fitch's credit rating verdict on France later in the day. After rising nearly 0.2% earlier in the day, the pan-European STOXX 600 (.STOXX), opens new tab reversed course and was last down 0.2% to 554.8 points, as of 0845 GMT. Healthcare stocks (.SXDP), opens new tab weighed the most, slipping 0.6%. Swiss pharmaceutical company Novartis (NOVN.S), opens ...Read More >
Investing.com -- Morgan Stanley said investors may be underestimating the strength of India's growth cycle, saying that the country's earnings and equity market peak lie ahead and that structural shifts will support higher valuations. Population growth, policy-driven macro stability, better infrastructure, a rising entrepreneurial class and improving social outcomes are long-term drivers that could help India increase its share of global output in the coming decades. That trajectory implies In ...Read More >
NewsVoir Gurugram (Haryana) [India], August 25: VinFast Auto India, a subsidiary of global EV brand VinFast, has signed a Memorandum of Understanding (MoU) with State Bank of India (SBI), the nation's largest bank, to provide retail car financing through its exclusive dealer network. The agreement aims to offer a seamless suite of credit solutions ahead of the company's highly anticipated launch. Under the agreement, customers will enjoy tailored financing solutions, including attractive inter ...Read More >
New Delhi, Aug 18 (SocialNews.XYZ) India remained a strong magnet for long-term investors in FY25, with sovereign wealth funds (SWFs) infusing a net Rs 8,426 crore into the country, the Parliament was informed on Monday. The steady inflows underline global investors' confidence in India's growth story. In FY24, the funds had brought in a much higher Rs 47,604 crore, while FY23 had also witnessed solid inflows of Rs 15,446 crore, Union Finance Minister Nirmala Sitharaman said in a written reply ...Read More >
New Delhi, Aug 14 (SocialNews.XYZ) India's economic expansion and its GDP growth are clearly on the right path despite geopolitical turbulence and tariff uncertainties, and this is showing in numbers too, economist Akash Jindal said on Thursday. Citing economic resilience and sustained fiscal consolidation, global credit ratings agency S&P Global has upgraded India's long-term unsolicited sovereign credit rating to "BBB" from the earlier "BBB-", ahead of the 79th Independence Day. Reacting to ...Read More >
India is inching closer to Beijing. After US President Donald Trump doubled down with a 50% tariff on Indian goodspunishing New Delhi over discounted Russian oil purchasesPrime Minister Narendra Modi is quietly reopening the China playbook. Direct flights between the two neighbors, suspended since 2020, could resume as early as next month. According to people familiar with the matter, the announcement may coincide with Modi's first China visit in seven years for the Shanghai Cooperation Organisa ...Read More >
VMPL New Delhi [India], August 14: Ellenox, India's largest venture studio, is accelerating its global push in enterprise AI development. In the past year, the company has grown its headcount by 50% over the last year, bringing in senior AI talent from Amazon and Google to power its next phase of expansion. Already delivering AI transformation for Fortune 50 leaders in fintech, cloud computing, consumer social, and sports-tech, Ellenox has built systems that replace costly call centers with na ...Read More >
New Delhi, Aug 14 (PTI) S&P on Thursday upgraded India's sovereign credit rating to 'BBB' with a stable outlook after a gap of nearly 19 years, citing robust economic growth, political commitment for fiscal consolidation and 'conducive' monetary policy to check inflation. "India remains among the best performing economies in the world...The quality of government spending has improved in the past five to six years," S&P Global Ratings said. The impact of US tariffs on the Indian economy will be ...Read More >
NEW DELHI (Reuters) -- Indian Prime Minister Narendra Modi will visit China for the first time in over seven years, a government source said on Wednesday, in a further sign of a diplomatic thaw with Beijing as tensions with the United States rise. Modi will go to China for a summit of the multilateral Shanghai Cooperation Organization that begins on Aug. 31, the government source, with direct knowledge of the matter, told Reuters. India's foreign ministry did not immediately respond to a reques ...Read More >
NEW DELHI, Aug 6 (Reuters) - Indian Prime Minister Narendra Modi will visit China for the first time in over seven years, a government source said on Wednesday, in a further sign of a diplomatic thaw with Beijing as tensions with the United States rise. Modi will go to China for a summit of the multilateral Shanghai Cooperation Organisation that begins on Aug. 31, the government source, with direct knowledge of the matter, told Reuters. India's foreign ministry did not immediately respond to a ...Read More >
New Delhi [India], August 6 (ANI): Indian stock benchmarks oscillated in a narrow range on Wednesday, ending the day marginally lower, highlighting widespread profit booking and cautious investor behaviour amid Trump tariffs uncertainty.Sensex closed the day at 80,543.99 points, down 166.26 points or 0.21 per cent, while Nifty closed at 24,574.20 points, down 75.35 points or 0.31 per cent.The RBI monetary policy announcements, largely in line with expectations, had hardly any impact on the marke ...Read More >
Lucknow (Uttar Pradesh) [India], August 3 (ANI): Uttar Pradesh Chief Minister Yogi Adityanath is closely monitoring the flood situation in Uttar Pradesh, issuing timely directives to ensure effective relief efforts. Acting on his instructions, state ministers are inspecting affected areas, while Relief Commissioner Bhanu Chandra Goswami informed that floods have impacted 37 tehsils and 402 villages, affecting 84,392 people. Of these, 47,906 have received assistance, and 2,759 animals have been ...Read More >
Mumbai (Maharashtra) [India], August 3 (ANI): Union Minister Hardeep Puri and Maharashtra Chief Minister Devendra Fadnavis on Sunday said the country economy is strong, steady, resilient and its growth story continues. These affirmations come after Congress leader Rahul Gandhi in a X post on Thursday echoed US President Donald Trump view that the Indian economy was dead, and targeted Prime Minister Narendra Modi. The Maharashtra Chief Minister attached the latest IMF World Economic Outlook rep ...Read More >
Mumbai: Bombay High Court has now got its fifth bench, located in Kolhapur. The HC bench at Kolhapur will start functioning from Aug 18, as stated in a notification issued on Friday."I, Alok Aradhe, Chief Justice of the High Court of Judicature at Bombay, with the approval of the Governor of Maharashtra, appoint Kolhapur as a place at which Judges and Division Courts of the High Court may also sit, with effect from August 18, 2025," the notification dated Aug 1 said. The other benches of the HC ...Read More >
NEW DELHI: Despite US President Donald Trump's regular rants about Apple's manufacturing in India, company CEO Tim Cook on Thursday confirmed what is generally now more or less known - the "majority" of iPhones sold in the US in the past quarter were Made in India. China - the erstwhile production giant - is only playing a second fiddle and is used more to service non-US markets.Cook, speaking to analysts post the company's quarterly results, said India has been the mainstay when it comes to pro ...Read More >
The underperformance in the IT sector continued to be a drag on the markets, as global demand uncertainty and conservative outlooks from major players weighed heavilySource : ABPLIVE AI Indian equity markets extended their downward trajectory for the third straight week, with benchmark indices slipping below key psychological levels amid lukewarm Q1 FY26 earnings, particularly from IT and financial companies. Analysts attributed the sustained correction to weak earnings momentum and cautious fo ...Read More >
PNN Dubai [UAE], July 19: SEGG Media Group (Nasdaq: SEGG), the global powerhouse in sports, entertainment, and gaming, today announced its first official football league partnership in the Indian subcontinent through a major five-year commercial agreement with the Super League Kerala (SLK) valued at over Rs. 100 crore (US$11.6 million) The signing ceremony took place today at One JLT, Dubai, marking the first official rights agreement under SEGG's rapidly scaling GXR World Sports Platform, and ...Read More >
The International Finance Corporation (IFC) is investing $20 million in Transvolt Mobility, marking its first equity investment in an electric vehicle fleet platform. This investment aims to help Transvolt expand its fleet to 3,500 vehicles, creating 8,200 jobs over the next five years. It also supports India's clean mobility goals by deploying heavy commercial EVs across various sectors. International Finance Corporation (IFC) will provide $20 million equity investment in Transvolt Mobility, m ...Read More >
Mathura, Jul 19 (PTI) Six people died and two were injured when a mini-van collided with a truck on the Yamuna Expressway here, police said on Saturday. "The accident took place at milestone 140 at around 3 am. The Agra-bound mini-van rammed into a heavy vehicle, possibly due to the driver falling asleep at the wheel," Senior Superintendent of Police (SSP) Shlok Kumar said. "Six people died on the spot, while two have sustained serious injuries and were admitted to a hospital," he added. The ...Read More >
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