Category: Business

Jony Ive (left) and Sam Altman. (Handout)
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OpenAI ‘on track’ to unveil first AI device in 2026, Axios reports| Business News

OpenAI is “on track” to unveil its first AI device in the second half of 2026, Policy Chief Chris Lehane said at an Axios event…

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Amitabh Chaudhry, chief executive officer of Axis Bank. (Bloomberg)
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India needs 8-10 large banks to support GDP growth, Axis Bank CEO says| Business News

India will need “at least eight to 10” large banks to support economic growth as consolidation gathers pace across the sector, Axis Bank Chief Executive…

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Restaurant Brands India operates Burger King outlets in India and Indonesia. (Reuters)
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Everstone said to sell stake in India’s Burger King operator Restaurant Brands Asia| Business News

Everstone Capital plans to sell its entire 11.26% stake in Burger King’s India and Indonesia operator Restaurant Brands Asia Ltd., underscoring fast-food churn in the…

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According to the NSO first advance estimates of GDP released on January 7, the Indian economy is expected to grow at 7.4% in 2025-26, led by manufacturing, services, and the government’s capital expenditure. (PIXABAY)
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CII seeks infra boost as confidence strengthens| Business News

NEW DELHI: The Confederation of Indian Industry (CII) urged the government to launch a second version of the National Infrastructure Pipeline (NIP) with a corpus of ₹150…

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The initiative to link BRICS digital currency to potentially bypass the US dollar can irk Donald Trump, who sees BRICS as “anti-American”. (Reuters)
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RBI proposes to link BRICS digital currencies to reduce reliance on US dollar: Report| Business News

The Reserve Bank of India has proposed that BRICS countries link their official digital currencies to make cross-border trade and tourism payments easier, two sources…

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Refiners are currently earning gains of approximately  ₹12 per litre on petrol and  ₹10 per litre on diesel after international crude oil prices slumped, especially since it fell under $70 a barrel in August, according to analysts.l (ANI)
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Govt may levy duty to mop up windfall gains of fuel retailers| Business News

NEW DELHI: A sustained low in international oil prices has led to a surge in profits for state-run fuel retailers, prompting the government to consider mopping up…

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HDFC Bank expects loans to expand faster than the overall banking system in FY27. (Reuters)
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HDFC Bank begins to recapture ground it had ceded to ICICI Bank| Business News

HDFC Bank Ltd. posted better-than-expected results on healthy loan growth, signaling that India’s biggest private sector lender is beginning to recapture ground it had ceded…

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“I only buy, I never sell,” Hong Kong billionaire Cheah Cheng Hye says of his gold investments. (YouTube)
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Hong Kong billionaire Cheah Cheng Hye puts quarter of his wealth in gold| Business News

For three decades, Cheah Cheng Hye was a face of value investing in Asia, building Value Partners Group Ltd. into a multi-billion dollar stock-picking powerhouse….

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On the Multi Commodity Exchange (MCX), silver futures for March delivery jumped  ₹13,553. (Representational image)
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Futures breach ₹3 lakh per kg on strong global cues| Business News

Silver prices in India surged sharply on Monday, breaching the ₹3 lakh per kilogram mark in futures trade for the first time, buoyed by strong…

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Bharat Coking Coal is a unit of government-owned Coal India, one of the largest miners in the world. (Reuters)
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Bharat Coking Coal shares nearly double over IPO price in bumper listing today| Business News

Shares of Bharat Coking Coal Ltd., India’s biggest coking coal miner operated by Coal India Ltd., nearly doubled over the IPO price upon listing today….

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