US stocks fell sharply on Friday as renewed fears around artificial intelligence-driven disruption, a stronger-than-expected inflation reading and rising geopolitical tensions weighed on investor sentiment.The S&P 500 declined 0.8%, heading toward what could be only its second losing month in the past 10. The Dow Jones Industrial Average dropped 569 points, or 1.2%, while the…
OpenAI has secured a massive $110 billion funding round, valuing the ChatGPT maker at $730 billion, as the artificial intelligence company accelerates investments to meet rapidly expanding global demand for AI services.The investment — among the largest fundraising rounds in Silicon Valley history – includes $30 billion each from Japanese conglomerate SoftBank and chipmaker Nvidia,…
Several methodological improvements have been made in the way GDP is calculated. (AI image) India has retained its tag of the world’s fastest growing major economy in the third quarter of the financial year 2025-2026, with a better-than-expected GDP growth of 7.8%. This is despite the third quarter being the first full three months of…
Paramount Skydance is now on track to take over Warner Bros. Discovery after Netflix withdrew from the bidding war. The move hands control of a vast entertainment empire spanning: CNN, Nickelodeon, HBO, and Warner’s blockbuster franchises, to the Ellison family, headed by Oracle founder Larry Ellison and his son, Paramount CEO David Ellison.Netflix co-CEOs Ted…
India’s foreign exchange reserves declined by $2.119 billion to $723.608 billion for the week ended February 20, according to data released by the Reserve Bank of India (RBI) on Friday, PTI reported.In the previous reporting week, the country’s overall reserves had risen sharply by $8.663 billion to touch a record high of $725.727 billion.During the…
Indian economy (AI image) India is the world’s fastest growing major economy – a feat it has consistently achieved for some time now. Based on the new GDP series, India’s economy grew at 7.8% in the third quarter of the current financial year, a marginal slowdown from 8.2% in the previous quarter, but above consensus…
India GDP growth (AI image) India’s real GDP grew at a robust 7.8% in the third quarter of FY 2025-26 according to data released by the Ministry of Statistics and Programme Implementation (MoSPI). This is the first GDP data that has been released by MoSPI under the new series which revises the base year for…
Benchmark equity indices Sensex and Nifty fell more than 1 per cent on Friday as fresh foreign fund outflows and weak global cues weighed on investor sentiment amid rising geopolitical tensions.The 30-share BSE Sensex plunged 961.42 points, or 1.17 per cent, to close at 81,287.19. During the session, the index dropped as much as 1,089.46…
Gold prices traded in a narrow band on Friday, holding near elevated levels as domestic futures showed mild gains while retail markets reflected mixed trends across cities. Bullion sentiment remained supported by firm global cues even as some centres saw minor corrections.As of 15:19, gold futures on the Multi Commodity Exchange (MCX) indicated steady momentum….
MUMBAI: Retail investors looking for a simpler way to plan for long-term goals such as retirement and children’s education may soon have some easier options. Markets regulator Sebi on Thursday allowed fund houses to launch life cycle funds.Life cycle funds are open-ended schemes designed around a target maturity date and a pre-set asset allocation glide…
