The Indian electric mobility sector witnessed a significant development as Ola Electric founder Bhavish Aggarwal sold part of his stake to clear a Rs 260 crore share pledge. This move comes at a crucial time when Ola Electric is preparing for its next phase of expansion, including scaling up production, strengthening its product portfolio, and…
Finance Minister Nirmala Sitharaman strongly defended India’s economic performance in the Lok Sabha, countering US President Donald Trump’s remark describing India as a “dead economy.” She highlighted that India registered an impressive 8.2% growth rate, far surpassing the global average of 3.2%, and emphasized that India remains one of the fastest-growing major economies in the…
The Uttar Pradesh Real Estate Regulatory Authority (UPRERA) has given its nod to 16 new real estate projects with a combined investment of ₹3,200.16 crore, marking a significant boost to the state’s real estate sector. This approval is expected to accelerate housing development, infrastructure expansion, and commercial growth across key urban centers in Uttar Pradesh….
India’s external trade performance showed remarkable improvement in November, with goods exports rising by 19% year-on-year and the trade deficit narrowing to $24 billion. This surge in exports comes at a time when global demand is facing challenges due to geopolitical tensions and economic uncertainties, highlighting India’s resilience and competitiveness in international markets. Background of…
The Reserve Bank of India (RBI) has confirmed that its gold reserves now stand at 879.6 tonnes, a significant holding that underscores India’s strategy to strengthen its financial stability amid global economic uncertainty. With gold prices surging due to geopolitical tensions, inflationary pressures, and volatile equity markets, the RBI’s position highlights the importance of gold…
The global race to dominate artificial intelligence (AI) has reached unprecedented levels, with companies and governments pouring an estimated $1.5 trillion into AI-related investments. However, IBM CEO Arvind Krishna has sounded a cautionary note, warning that despite the massive spending, current AI technologies have only a 0-1% chance of achieving Artificial General Intelligence (AGI) in…
A fresh controversy has emerged around Microsoft CEO Satya Nadella’s compensation package, as the company’s 8th largest shareholder, Norway’s $2 trillion Sovereign Wealth Fund, publicly opposed the salary hike and Nadella’s dual role as both CEO and Chairman of the Board. The fund argued that the board of directors is responsible for ensuring transparency and…
JPMorgan Chase CEO Jamie Dimon has issued a stark warning about the disruptive potential of artificial intelligence (AI), urging businesses, policymakers, and workers to prepare for a future where millions of jobs could be eliminated. Dimon’s remarks, delivered in a candid tone, emphasized that ignoring the transformative impact of AI would be akin to “sticking…
India has emerged as the global leader in Generative AI (GenAI) learning, with a staggering 3.6 million enrollments, the highest worldwide according to a recent report. This milestone underscores India’s rapid adoption of cutting-edge technologies and its growing role in shaping the future of artificial intelligence. The achievement highlights the country’s commitment to building a…
Dalal Street enters a crucial week with multiple global and domestic triggers set to influence investor sentiment. From the much-anticipated India-US trade deal to policy signals from global central banks, foreign institutional investor (FII) flows, rupee movement, and the release of US jobs data, the coming days promise heightened volatility and opportunities for traders and…
