Business

Roshni Nadar (File photo-PTI) Artificial intelligence is forcing a structural rethink of India’s technology growth model, with HCL Technologies chairperson Roshni Nadar Malhotra on Thursday calling for a decisive transition from services-led expansion to intellectual property creation to remain globally competitive.Addressing the AI Impact Summit 2026, Malhotra said the next phase of economic value creation…

US stocks edged lower on Thursday as rising oil prices and renewed concerns over a potential US-Iran conflict weighed on investor sentiment, even as several companies reported mixed quarterly earnings, according to AP.The S&P 500 slipped 0.4% and was on track for its first decline in four sessions. The Dow Jones Industrial Average fell 257…

The US trade deficit in goods widened to a record level in 2025 even as overall trade flows expanded, underscoring persistent import strength despite tariffs imposed during President Donald Trump’s first year back in office, according to the US government data.Data released by the Commerce Department showed the US goods deficit reached $1.24 trillion in…

Individual taxpayers often struggle with determining the correct reportable value of foreign assets. (AI image) India’s foreign assets reporting is no longer evolving quietly in the background; it has entered an era of assertive enforcement. Budget 2026 reinforced that overseas income/ asset disclosure is not merely a procedural obligation to disclose in the Income tax…

Foreign institutional investors (FIIs) are sharply reducing exposure to technology sector, amid rising concerns that advances in artificial intelligence could disrupt traditional software services business models that have long powered the country’s IT industry.FIIs pulled out Rs 10,956 crore from Indian IT stocks in the first fortnight of February alone, as the launch of new…

Mumbai: Payment technology firm Pine Labs has partnered with OpenAI to build smarter payment systems that can take limited financial decisions on their own, aiming to simplify how businesses manage money.The collaboration will embed OpenAI’s artificial intelligence models into Pine Labs’ merchant platforms used by retailers and service providers. Instead of merely processing payments, the…

Stock market today: Benchmark equity indices snapped a three-day winning streak on Thursday, with the Sensex plunging over 1,200 points and the Nifty closing near the 25,450 mark amid a broad-based sell-off triggered by escalating geopolitical tensions between the US and Iran.The 30-share BSE Sensex tumbled 1,236.11 points, or 1.48 per cent, to settle at…

The Pradhan Mantri Awas Yojana (PMAY) remains one of the government’s flagship housing schemes aimed at improving home ownership affordability across urban India. The programme provides interest subsidies and financial assistance to eligible beneficiaries, particularly those in the Economically Weaker Section (EWS), Low Income Group (LIG), and Middle Income Group (MIG) categories.For applicants, documentation plays…

Indian GI Coffee came into the spotlight as Google CEO Sundar Pichai made an appearance at the Bharat GI Coffee Lounge in Bharat Mandapam during the India AI Impact Summit 2026. This is part of the newly launched “Bharat GI” initiative, which is a national program to promote Geographical Indication products from India.Union Minister of…

Demand for rare earth permanent magnets in India is projected to double by 2030. Stressing on the importance of self-reliance, Union Minister of Mines and Coal G Kishan Reddy on Thursday said that India aims to begin domestic production of rare earth permanent magnets by year-end through collaboration with private industry.Reddy stressed on the strategic…