Economy

Mumbai: In a bid to boost the ‘Make in India’ initiative and create homegrown AI models, Yotta Data Services on Tuesday introduced ‘myShakti’, India’s first sovereign B2C generative AI chatbot. Built using DeepSeek’s open-source AI model, myShakti operates entirely on Indian servers with complete data security and sovereignty. The launch aligns with the vision recently

New Delhi: Fiscal consolidation glide path is maintained with the Union Budget and tax cuts should spur discretionary consumption especially among the salaried class, a report showed on Tuesday. While reaffirming its commitment to fiscal consolidation, the government has tried to stimulate consumption through tax cuts. It targets to lower the fiscal deficit to 4.4

Mumbai:  The NSE Nifty 50 and BSE Sensex snapped two-day fall on Tuesday after the US delayed tariff hikes on Canada and Mexico by a month. At 9.32 a.m., the Sensex gained over 443 points or 0.58 per cent at 77,630.71 and the Nifty went up 130.25 points or 0.56 per cent at 23,491.30. On

New Delhi: Finance Minister Nirmala Sitharaman is scheduled to address the Reserve Bank of India’s central board on February 8 in a post-budget meeting to coordinate the fiscal and monetary steps required to accelerate GDP growth. The customary meeting will take place a day after the RBI announces its monetary policy review amid expectations that

Mumbai: The Bombay Stock Exchange (BSE) on Monday introduced Sensex derivative contracts at the International Financial Services Centre (IFSC) in GIFT City, Gujarat which offers foreign investors to trade India’s benchmark equity index without currency conversion risks. These contracts, which are denominated in US dollars, will be traded on the India International Exchange (India INX),

New Delhi:  Over 30.58 crore unorganised workers have been registered on the e-Shram Portal for receiving benefits under various social welfare schemes of the government as of Jan 28 this year, the Parliament was informed on Monday. The e-Shram Portal has registered over 1.23 crore workers in 2024, averaging 33,700 enrolments per day, Minister of

New Delhi: The market is expected to digest the budget announcements and shift its focus back to earnings and the forthcoming RBI monetary policy committee (MPC) meeting slated on February 7, according to a report on Monday. The MPC may go for a 25bps rate cut to further ease the liquidity in the market, according

New Delhi: The steps articulated in the Union Budget are crucial in shaping India’s economic resilience and growth potential in the medium to long term, according to a report on Monday. The Union Budget 2025-26 displays a balanced approach to sustaining economic growth while reinforcing fiscal prudence. Finance Minister Nirmala Sitharaman has chosen to stimulate

New Delhi:  India’s coal sector has registered a 5.88 per cent increase in production to 830.66 million tonnes (MT) during April 2024 to January 2025 of the current financial year, from 784.51 MT recorded during the same period of 2023-24, according to a Coal Ministry statement issued on Monday. The total coal production during January

New Delhi:  The Union Budget has managed to meet the goals of boosting consumption though tax cuts, increasing capex through transfers to states, and maintaining the path of fiscal consolidation which is expected to lead to a recovery in the economic growth rate with macro stability in a comfortable range, according to a Morgan Stanley