Economy

Bengaluru: The benchmark index Nifty is expected to post a 8–10 per cent annualised return in the next fiscal (FY26) while Sensex is projected to give 8–12 per cent return, according to a new report. The domestic-focused companies are well positioned to mitigate risks like US tariff hikes or commodity price inflation. Large cap private

New Delhi:  Billionaire Elon Musk has announced his artificial intelligence company, xAI, has acquired social media platform X for an all-stock transaction of $33 billion. The combination, which “values xAI at $80 billion and X at $33 billion ($45B less $12B debt),” will “unlock the immense potential” It will blend “xAI’s advanced AI capability and

New Delhi:  A total of 171 food processing companies have been approved for assistance under the Production-Linked Incentive Scheme for Food Processing Industry (PLISFPI) and incentives worth Rs 1,155.296 crore has been disbursed, out of which Rs 13.266 crore has been disbursed to MSMEs in 20 eligible cases (as of February 28), the government has

New Delhi: Ever since OpenAI released its GPT-4o update, social media platforms like Meta’s Instagram and Elon Musk’s X have been flooded with Ghibli-style images. The word ‘Ghibli’ comes from a Libyan Arabic term for a hot desert wind. This viral trend involves giving popular memes and photos an anime-inspired look. At the heart of

New Delhi: The global capability centres (GCCs) are projected to contribute 5 per cent to India’s economy by 2030, according to a report released on Friday. The ‘Economic Survey 2024’ had projected a 3.5 per cent contribution to India’s GDP from GCCs. However, based on current growth trajectories and ‘Digital Twin’ implementation rates, leading GCC

New Delhi:  FICCI Ladies Organisation (FLO), an apex body of businesswomen in the country, on Friday stressed the need to step up support and strengthen women entrepreneurs which will ultimately help boost the nation’s economy. The government introduced schemes and initiatives like Drone Didi and Ladli Behen Yojana to promote women’s employment. Yet the Economic

Mumbai:  The domestic benchmark indices opened flat on Friday amid weak global cues, as selling was seen in the IT and auto sectors in the early trade. At around 9.28 am, Sensex was trading 102.31 points or 0.13 per cent down at 77,504.12 while the Nifty declined 25.25 points or 0.11 per cent at 23,566.70.

New Delhi: Gautam Adani, the Chairman of the Adani Group, has become India’s biggest wealth gainer in absolute terms, with an impressive increase of nearly Rs 1 lakh crore in his net worth, according to the ‘Hurun Global Rich List 2025’ on Thursday. Gautam Adani’s total wealth rose 13 per cent, or around Rs 1

Mumbai: The Securities and Exchange Board of India (SEBI) is working on a new penalty system that would prevent brokerage firms from being fined multiple times for the same violation. The proposal, which has been under discussion for the past year, aims to stop different stock exchanges from imposing separate penalties for a single default.

New Delhi: The Bureau of Indian Standards (BIS) has seized more goods that did not have the mandatory ISI mark or had fake ISI labels from Amazon and Flipkart warehouses as part of the crackdown against shoddy goods being sold on e-commerce platforms, according to a statement issued by the Ministry of Consumer Affairs on