State-owned NBCC (India) Ltd will redevelop Delhi Development Authority (DDA) staff quarters in two colonies in the national capital at an estimated cost of nearly Rs 775 crore, PTI reported.In a statement, NBCC said it has signed two separate Memorandums of Understanding (MoUs) with DDA for the comprehensive redevelopment of staff quarters located at Old…
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…
How This Indian American Millionaire Broke Barriers And Is Now Teaching Others to Win At 80 years old, Kanwal Rekhi, a self-made Indian-American millionaire, Silicon Valley pioneer and mentor to thousands, has chronicled his remarkable rise and lifelong mission to empower others in a new book titled The Ground Breaker. The memoir, released on February…
Foreign direct investment (FDI) into India increased 18 per cent year-on-year to $47.87 billion during April-December 2025-26, with inflows from the United States nearly doubling in the first nine months of the fiscal, government data released on Friday showed.FDI during April-December FY24 had stood at $40.67 billion, PTI reported.In the October-December quarter of 2025-26, FDI…
Deepinder Goyal (File photo) Zomato founder Deepinder Goyal on Friday announced that his new health tech venture, Temple, has secured $54 million in its first funding round from friends and family, and valued at approximately $190 million.“Temple has raised its first round. Friends and family. $54m. Post-money valuation of ~$190m,” said Goyal on X.Temple, which…
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…
Owning overseas real estate, whether in Dubai, London or Singapore, has become an increasingly popular aspiration among Indian investors. But recent enforcement action has highlighted that foreign property purchases can invite regulatory scrutiny if Foreign Exchange Management Act (FEMA) rules are not followed carefully.Earlier this month, the Directorate of Enforcement conducted searches under FEMA, 1999…
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,…
The Centre’s fiscal deficit stood at Rs 9.8 lakh crore at the end of January, accounting for 63 per cent of the full-year Budget target for 2025-26, according to data released by the Controller General of Accounts (CGA), PTI reported.The deficit level was lower compared with 74.5 per cent of the annual target recorded during…
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…