March 2, 2026
Headlines

Business News Desk

Anthropic

Anthropic’s $380 Billion Valuation Surpasses 77 Indian IT Firms Combined, Just Three Years After First Revenue

Business News Desk04 mins mins

Artificial intelligence startup Anthropic has stunned global markets by achieving a staggering $380 billion valuation, surpassing the combined market capitalization of 77 Indian IT firms. What makes this milestone even more remarkable is that Anthropic reached this level only three years after generating its first revenue. The company’s meteoric rise underscores the transformative power of…

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Coal India

Coal India Share Price Falls 3% to Five-Week Low After Q3 Results: Buy, Sell or Hold?

Business News Desk03 mins mins

Coal India, the country’s largest coal producer, witnessed a sharp decline in its share price, dropping 3% to a five-week low following the announcement of its Q3 results. The fall has sparked debate among investors about whether to buy, sell, or hold the stock amid mixed signals from the company’s financial performance and broader market…

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Madhusudan Kela

Madhusudan Kela’s Reality Check: Market Returns of 10–12% and Hidden Gems for Investors

Business News Desk04 mins mins

Veteran investor Madhusudan Kela has delivered a pragmatic outlook for Indian equity markets, cautioning investors to temper their expectations while also pointing toward opportunities in lesser-known sectors. According to him, the Indian stock market is likely to generate annualized returns in the range of 10–12% over the coming years, a reality check for those anticipating…

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Piyush Goyal

India-US Trade Deal to Boost Cotton Demand, Farmers to Benefit: Piyush Goyal

Business News Desk04 mins mins

India’s Union Minister of Commerce and Industry, Piyush Goyal, has highlighted that the recently advanced India-US trade deal will significantly expand cotton demand, creating new opportunities for Indian farmers and strengthening bilateral economic ties. The agreement is expected to reshape agricultural exports, enhance textile industry growth, and provide a competitive edge to India’s cotton sector…

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Goldilocks

India in ‘Goldilocks’ Phase; MPC Likely on Prolonged Pause Till CY26-End: PGIM India AMC

Business News Desk03 mins mins

India’s economy has entered what experts describe as a “Goldilocks phase”—a period of balanced growth with moderate inflation and stable interest rates. According to PGIM India Asset Management Company (AMC), the Reserve Bank of India’s Monetary Policy Committee (MPC) is expected to maintain a prolonged pause on rate changes until the end of calendar year…

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PhonePe

PhonePe Entangled in Money Laundering Probe Involving Winzo Games, Received ED Summons

Business News Desk03 mins mins

India’s fintech giant PhonePe has found itself embroiled in a money laundering investigation after the Enforcement Directorate (ED) issued summons in connection with alleged transactions linked to Winzo Games. The development has raised serious questions about compliance, regulatory oversight, and the broader challenges facing India’s fast-growing digital payments and gaming ecosystem. Background of the Probe…

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Maturity Bonds

India Switches FY27 Maturity Bonds with Central Bank, Issues 2040 Paper

Business News Desk03 mins mins

India has taken a significant step in its debt management strategy by switching FY27 maturity bonds with the Reserve Bank of India (RBI) and simultaneously issuing a new 2040 maturity paper. This move reflects the government’s focus on extending the maturity profile of its debt, reducing refinancing risks, and ensuring fiscal stability as it pursues…

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Economy by 2047

Manufacturing at Centre of India’s Growth Strategy to Become USD 35 Trillion Economy by 2047

Business News Desk03 mins mins

India has set an ambitious target to transform itself into a USD 35 trillion economy by 2047, coinciding with the centenary of its independence. At the heart of this vision lies manufacturing, which policymakers and industry leaders see as the cornerstone of sustainable growth, job creation, and global competitiveness. Background of India’s Growth Vision Why…

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Christy Mathai

IT Sector Valuations Turn Attractive Despite AI Spending Shift: Christy Mathai

Business News Desk03 mins mins

India’s IT services sector, long considered a bellwether of the country’s corporate earnings, is witnessing a renewed wave of investor interest. According to market strategist Christy Mathai, valuations across leading IT firms have turned attractive despite the ongoing shift in global technology spending towards artificial intelligence (AI). The sector’s resilience, strong order books, and diversified…

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