The Indian government has approved the sale of a 60.72 per cent stake in IDBI Bank Ltd to Canadian billionaire Prem Watsa's Fairfax Financial Holdings Ltd for approximately 52,878 crore, a move that reflects improving India-Canada ties and marks a significant turning point for the bank.
Isha Ambani, a director on the board of Jio Platforms, revealed that a failed attempt to upload a college assignment in 2009-10 due to poor internet connectivity in Mumbai sparked the idea and subsequent conversations that led to the creation of Jio.
Global investment firm KKR remains optimistic about India's long-term growth, citing rising incomes, premiumisation, financial deepening, and demand for quality services as key drivers for its consumption story, even as higher energy prices and AI disruption pose near-term challenges.
Chief of Army Staff General Dhiraj Seth lauded the Indian Army's Mission Olympic Wing for its role in developing talented sportspersons, citing their strong performance at the recent Asian Games as a precursor to success at the 2028 Los Angeles Olympics. The Army felicitated its 20 medal winners from the Asian Games, reaffirming its commitment to nurturing future athletes.
Suvir Sujan talks about his company's vision, investment plans and belief in the Indian growth story.
History shows that confidence is at its highest just before a fundamental change occurs.
'When the women of India become unstoppable, India becomes unstoppable.'
Where are the world's new millionaires choosing to live?
'Every period of excessive optimism eventually gives way to a correction, while periods of extreme pessimism often create the best investment opportunities.'
Legendary Brazilian captain Cafu has urged India to shed its "tiny status" mindset in football and believe in its potential for growth, offering Brazil's cooperation. He responded to Bhaichung Bhutia's concerns about an India-Brazil friendly, emphasising the importance of grassroots development and international collaboration, drawing parallels with Japan and China's success. Cafu also shared his personal journey of overcoming doubts to become a football legend.
The Indian football team is set to play a series of international friendlies against Panama, Brazil, and Uruguay, offering valuable experience against world-class opponents. These matches are crucial for the team to assess its current standard and gain confidence, despite facing significantly more accomplished sides.
Across 34 of 37 nations included in a Pew Research Center survey this year, the prevailing view is that artificial intelligence is more likely to displace workers than open up new employment opportunities.
A study by Amazon Ads reveals that nearly 87% of Indian small and medium businesses (SMBs) believe AI has opened up new advertising opportunities, including streaming TV. The research indicates that 75% of surveyed SMBs attribute business growth to AI-enabled advertising, with 68% noting increased creativity. AI is also facilitating international trade for 59% of businesses, though human oversight remains crucial in decision-making.
India's power sector is undergoing a significant transformation, driven by a planned shift towards renewable energy and ambitious capacity expansion targets, with major players like NTPC, JSW Energy, Adani, and Tata Power prioritising predictable returns. However, execution challenges and valuation concerns remain critical factors for sustained growth.
'Improved law and order and transparent governance have helped change UP's investment image.'
Legendary Uruguayan striker Diego Forlan, now coaching Uruguay, believes India can significantly improve its football standing despite cricket's dominance. He emphasizes the importance of grassroots development, strong domestic leagues, and consistent exposure to high-level international competition to nurture young talent and elevate the sport in the country. Forlan also shared his positive experiences with Indian football passion during his ISL stint.
'India should hold several high-level chess tournaments that would attract the world's top players so that the country will have a say in the game.'
'After that the burdens of an ageing population will be upon us, and the share of working age population will shrink.'
'Healthy double-digit returns are still possible, though a sharp rally is unlikely.'
Most economists expect the global economy to weaken in the coming year amid political and financial volatility, but a large majority of over 90 per cent are confident of moderate or strong growth in South Asia, notably India, a survey showed on Friday. At the same time, the outlook for China has dimmed following signs of deflationary pressures and fragility in the country's real estate market, the World Economic Forum's latest 'Chief Economists Outlook' report said. As the world grapples with political and financial volatility, almost six in 10 believe the global economic outlook will undermine progress towards meeting the UN Sustainable Development Goals (SDGs), with 74 per cent saying geopolitical tensions will have the same effect.
'A favourable base, last year's policy measures, the carryover impact of a good monsoon and improving earnings should all help.'
Foreign Portfolio Investors (FPIs) have withdrawn Rs 20,974 crore from Indian equities in September, driven by global uncertainties, higher US interest rates and bond yields, elevated crude oil prices, and a weakening rupee.
Days after Moody's cut its gross domestic product (GDP) forecast for financial year 2022-23 (FY23) after the official GDP print for the June quarter came in lower than expectations, the global ratings agency said it would maintain its long-term sovereign debt credit rating and outlook on Asia's third-largest economy. "The credit profile of India reflects key strengths, including its large and diversified economy with high growth potential, a relatively strong external position, and a stable domestic financing base for government debt," Moody's said on Tuesday. "We do not expect rising challenges to the global economy, including the impact of the Russia-Ukraine military conflict, higher inflation, and the tightening financial conditions on the back of policy tightening, to derail India's ongoing recovery from the pandemic in 2022 and 2023," it said.
Large office leases in Mumbai and Delhi-NCR are commanding premium rentals in key micro-locations, driven by a scarcity of quality Grade-A space and sustained occupier demand, according to real estate consultants.
Indian cricket captain Shubman Gill received birthday wishes from prominent figures like Yuvraj Singh and BCCI Vice President Rajeev Shukla. Both praised his growth, composure, batting style, and leadership qualities, wishing him continued success and many more milestones.
From October to Saiyaara, these Hindi love stories proved that romance still has the power to break hearts, move audiences and create box office magic in the age of violent cinema.
Prime Minister Narendra Modi has met leading American economist Paul Romer, investor and co-founder of hedge fund, Bridgewater Associates Ray Dalio, and other eminent thought leaders and exchanged views with them and briefed them about the reform trajectory of his government to foster economic growth. Prime Minister Modi is in New York on the first leg of his maiden state visit to the US at the invitation of President Joe Biden. Modi and Romer held discussions on India's digital journey, including the use of Aadhaar and innovative tools like Digilocker.
Russian President Vladimir Putin has proposed a new investment platform, based on the New Development Bank (NDB), to fund projects in trade, infrastructure, logistics, and technology across BRICS nations, emphasising that the grouping's expanding economic cooperation is not 'against anyone' but aims to advance members' national interests.
The RBI issued a fairly gloomy forecast in its monetary policy statement last Friday.
Prime Minister Dr Manmohan Singh said that India has registered an economic growth over 8 per cent in last three years.
Unified Payments Interface (UPI) transactions moderated slightly in June from a record high in May, reaching Rs 28.9 lakh crore. Despite a month-on-month decrease in volume, the daily average transactions hit a new high, indicating UPI's strong adoption for low-value payments. The platform also demonstrated significant annual growth and expanding international presence.
The small-budget devotional drama Hanuman Ansh has defied expectations, achieving massive box office collections, cementing its status as a major sleeper hit of 2026.
Odisha's Koraput Coffee, specifically the 'Tiger Bright' brand, was distributed to delegates and journalists at the 18th BRICS Summit in New Delhi. This initiative has brought international attention to the Arabica coffee grown by tribal farmers in the Koraput district, highlighting the state's local produce and the 'Vocal for Local' spirit. The coffee's unique cultivation methods and the support from the Tribal Development Co-operative Corporation of Odisha Ltd (TDCCOL) have significantly boosted its market presence and benefited tribal families.
Commerce and Industry Minister Piyush Goyal announced that India expects to operationalise nine free trade agreements (FTAs) within the next 10 months, with plans for an additional three to four significant pacts over the coming year, reinforcing India's ambition to become a global manufacturing and investment hub.
A Kerala native, Muhammed Sanoof, has been arrested and charged under the Unlawful Activities (Prevention) Act (UAPA) for allegedly posting an offensive comment under a video featuring the daughter of a victim of the Pahalgam terror attack. Sanoof was detained upon his return from Saudi Arabia, following a lookout notice. The case was registered based on a complaint by a BJYM leader, and police invoked UAPA after interrogation and mobile phone examination, citing crucial evidence.
'Price spike shaved 1 percentage point off GDP growth'.
Poor monsoon has shattered the hopes of revival in India's economic growth.
Higher US Treasury yields, particularly the 10-year yield approaching 5 per cent, pose a significant near-term risk to global equity markets, including India, potentially triggering a 'big correction' according to market strategists.
Urban Indian millennials are caught in an algorithmically amplified consumption spiral where social media normalises spending patterns that systematically undermine retirement security.
