BUSINESS
FM Sitharaman holds first pre-Union Budget consultations with leading economists
New Delhi- Finance Minister Nirmala Sitharaman on Monday held first pre-budget consultations with leading economists ahead of the upcoming Union Budget 2026-27. The meeting was attended by Chief Economic Adviser (CEA) V. Anantha Nageswaran, besides other economists and senior officers from the Department of Economic Affairs (DEA).“Union Minister for Finance and Corporate Affairs @nsitharaman chairs…
From Jaipur to Coimbatore, 9 emerging markets drive corporate migration beyond metros
Mumbai- With a combined economy of nearly Rs 10 lakh crore, nine emerging markets in India now command an impressive 70 million square feet of Grade A office space, alongside 80 million square feet of logistics infrastructure — delivering quantifiable advantages driving corporate migration beyond metros, a report showed on Monday. From the northern region,…
AI to make more ‘significant discoveries’ by 2028 and beyond, says OpenAI
New Delhi- In 2026, AI can make very small discoveries but in 2028 and beyond, OpenAI is confident that “we will have systems that can make more significant discoveries”. According to the US-based AI company, most of the world still thinks about AI as chatbots and better search.“But today, we have systems that can outperform…
India’s services PMI stands at 58.9 in Oct, firms confident of rise in business activity
New Delhi- India’s services Purchasing Managers’ Index (PMI) stood at 58.9 in October as data still showed substantial, expansions in services output and new business, the data showed on Thursday. The seasonally adjusted HSBC India Services PMI Business Activity Index was comfortably above both the neutral mark of 50.0 and its long-run average of 54.3….
India’s infra investment trust market likely to touch Rs 21 lakh crore by 2030
New Delhi- India’s infrastructure investment trust (InvIT) market is projected to reach Rs 21 lakh crore by 2030, fuelled primarily by infrastructure investment requirements, a report said on Wednesday. Asset management firm Client Associates (CA), in a white paper, said that the growth will be driven by $4.5 trillion in infrastructure investment needs by 2030,…
GIFT Nifty achieves record monthly turnover of $106.22 billion in October
Mumbai- Multi-asset exchange NSE International Exchange (NSEIX) on Monday informed that its international Nifty futures contract, GIFT Nifty, witnessed a record monthly turnover of $106.22 billion in the month of October. The October turnover of 2.11 million contracts exceeded the previous high of $102.35 billion reached in May 2025, according to the exchange.The milestone reflects…
Nifty, Sensex end 4-week winning streak amid profit booking
Mumbai- Indian equity benchmarks ended their four-week winning streak, closing marginally lower this week amid profit-booking and mixed global cues. Benchmark indices Nifty and Sensex dipped 0.65 and 0.55 per cent during the week to close at 25,722 and 83,938, respectively.Market optimism was bolstered during the first three sessions by positive domestic economic data and…
APEC 2025: Hyundai, Nvidia to strengthen partnership in AI
Seoul- Hyundai Motor, South Korea’s leading carmaker, said on Friday it will strengthen collaboration with Nvidia Corp. to accelerate innovation in artificial intelligence (AI)-based future mobility solutions through a new AI infrastructure powered by the U.S. firm’s latest Blackwell chips. The two companies have agreed to jointly develop AI capabilities for mobility solutions, next-generation smart…
HUDCO Signs MoUs over ₹1Lakh Crore to Boost India’s Port Infrastructure DevelopmentHUDCO powers port expansion with major funding push
New Delhi – The MoU focuses on the planning, financing, and execution of a Maritime Iconic Structure in Mumbai, a landmark business and tourism hub celebrating India’s maritime heritage.•Visakhapatnam Port Authority (VPA): An MoU worth ₹487 crore aims at mechanization of berths, modernization under PPP mode, and operation and maintenance of liquid cargo facilities.•Paradip Port…
REC Limited and Sagarmala Finance Corporation Limited (SMFCL) sign MoU to boost Maritime Infrastructure Financing
Mumbai : REC Limited and Sagarmala Finance Corporation Limited (SMFCL), have signed a Memorandum of Understanding (MoU) today at the India Maritime Week 2025 in Mumbai.The MoU was formally signed between Smt. Saraswathi, ED (Infrastructure and Logistics), REC Limited, and Shri A. C. Nayak, Director (Finance), joined by Shri S. T. Selvam, Director (Projects), Sagarmala…
