India's Bullet Train Self-Reliance with 7 New Corridors
Union Minister Ashwini Vaishnaw announces India will use indigenous tech for seven new high-speed rail corridors, aiming for full self-reliance in bullet train production.
Category : Business
US Markets Mixed Amid Tech Selloff, Non-Tech Gains
US markets traded mixed on Wednesday with technology stocks facing renewed selling pressure led by Advanced Micro Devices' sharp decline, while several non-tech sectors posted gains. The S&P 500 slipped 0.2%, Dow rose 0.8%, and Nasdaq fell 1%.
Feb 12 Strike: Farmers, Workers Protest Labour Laws in Mangaluru
A nationwide strike on February 12 will see farmers and workers protesting against 29 repealed labour laws, four new labour codes, and amendments to employment schemes. In Dakshina Kannada, road blockades and rallies are planned.
CCI Orders Probe Into IndiGo Over Alleged Dominance Abuse
The Competition Commission of India has directed an investigation into IndiGo for potential abuse of dominant position after mass flight cancellations and fare hikes in December, citing the airline's 60% market share.
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Cognizant Beats Estimates, Forecasts Strong 2026 Revenue
Cognizant projects annual revenue above Wall Street estimates for 2026, driven by AI integration demand, while the broader IT sector faces volatility from AI disruption fears.
AI Fears Wipe $285B from Markets in Single-Day Rout
Global stock markets plunged, erasing $285 billion in value after Anthropic's new AI tool sparked fears about software business models. JPMorgan warns investors are punishing the sector aggressively.
Phil Knight's Rs 600 Crore Jet Shows Nike's 'Just Do It' Spirit
Nike co-founder Phil Knight owns a custom Gulfstream G650 jet worth Rs 600 crore, housed in a private Oregon hangar, demonstrating the brand's iconic slogan in action.
Bhiwandi Textile Market Cautious on US Tariff Cut to 18%
Bhiwandi's textile industry reacts cautiously as US reduces tariffs from 50% to 18% on Indian goods, with powerloom owners noting duties remain above previous 3-4% levels and uncertainty persists over textile categorization.
Uber Names New CFO Balaji Krishnamurthy
Uber Technologies appoints Balaji Krishnamurthy as CFO, replacing Prashanth Mahendra-Rajah, as the company intensifies investments in autonomous vehicle technology and expands in key markets like India.
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Nashik Wine Exports Jump 80% in Four Years
India's grape wine exports have rebounded strongly, rising nearly 80% from 2021-22 to 2024-25, with Nashik leading the recovery as Maharashtra dominates the industry.
KSRTC Rolls Back Fare Hike on Mangaluru-Kasaragod Route
The KSRTC Mangaluru division has reversed its fare increase for buses operating between Mangaluru and Kasaragod following the cessation of toll collection at the Arikkady tollgate near Kumbala.
SC Orders CBI, ED to Probe Banking Fraud by Anil Ambani Group
The Supreme Court of India has instructed the Central Bureau of Investigation (CBI) and Enforcement Directorate (ED) to carry out a fair, impartial, and timely investigation into banking fraud allegations involving the Anil Dhirubhai Ambani Group.
Urban Company Gig Workers Earn More Than Entry-Level IT Pros
Urban Company reports its top-performing gig workers earn significantly more than entry-level IT professionals, with top 5% averaging Rs 51,673 monthly in-hand earnings.
Microsoft Promotes Four Executives to EVP Roles
Microsoft has promoted four senior sales executives to Executive Vice President positions, reporting directly to CEO Judson Althoff, as the company accelerates its commercial AI strategy amid competitive pressures.
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NSDL Glitch Stalls Trade Settlement for Investors
A technical disruption at National Securities Depository Ltd caused widespread settlement delays, leaving investors without shares or funds from Tuesday trades until late Wednesday night.
LPL Financial Opens Hyderabad GCC, Plans Major Hiring
US wealth management giant LPL Financial launches its Global Capability Centre in Hyderabad, planning to create hundreds of roles and hire around 2,500 tech professionals to support technology and operations expansion.
Tesla Stock Falls 3.5% After UK Sales Drop 57% in January
Tesla shares declined 3.5% intraday after the EV-maker's UK sales plunged 57% year-over-year in January 2026, according to Reuters reports.
Kharge: US Trade Deal May Hurt Indian Farmers
Congress President Mallikarjun Kharge expresses concerns that a potential trade agreement with the United States could negatively impact Indian farmers, urging the government to prioritize domestic agricultural interests.
Cognizant Tops Indian IT Firms with 6.95% Growth in 2025
Cognizant Technology Solutions reported 6.95% dollar revenue growth to $21.12 billion in 2025, outpacing major Indian IT peers like Infosys, TCS, and Wipro while exceeding analyst expectations.
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Emcure Uses Celebrities to Market Weight Loss Drug Poviztra
Emcure Pharmaceuticals partners with celebrities like M.S. Dhoni and Neha Dhupia for its semaglutide brand Poviztra, adopting a consumer-focused marketing strategy in India's competitive weight-loss drug market.
Marico Buys 60% Stake in Cosmix for Rs 226 Crore
Marico acquires 60% stake in D2C wellness brand Cosmix for Rs 226 crore, valuing the startup at Rs 375 crore, as part of its strategy to expand in plant-based nutrition.
Karnataka Launches Auto-Mutation for Property Deals
Karnataka is set to launch an auto-mutation system for property deals, reducing notice periods from 7 to 15 days to streamline processes and enhance efficiency in real estate transactions.
India's GDP to Grow 8-10% for Decade: Fink
BlackRock CEO Larry Fink forecasts sustained 8-10% GDP growth for India over the next decade during discussion with Mukesh Ambani, highlighting India's economic potential.
Gold, Silver Rally on Geopolitical Tensions and Weak US Data
Gold and silver prices surged significantly on Wednesday, with gold futures gaining 3.62% and silver jumping 10.5%. Geopolitical tensions and disappointing US ADP jobs data fueled the rally, reversing recent declines.
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Ambani, Fink Forecast India's 20-25 Year Economic Era
Reliance Industries Chairman Mukesh Ambani and BlackRock CEO Larry Fink express strong confidence in India's economic future, predicting sustained double-digit growth and a $25-30 trillion GDP over decades.
BlackRock CEO Larry Fink: 'This is India's Era'
BlackRock CEO Larry Fink hails India's long-term economic growth potential at JioBlackRock event in Mumbai, emphasizing digital transformation and AI opportunities.
US-India Trade Deal: Tariffs Cut to 18% After Tense Year
US President Donald Trump and PM Narendra Modi announce surprise trade deal reducing tariffs on Indian goods to 18%, marking dramatic turnaround in strained bilateral relations through quiet diplomacy.
Trump Pressure on India May Cut Russia Oil Revenue
Russia faces potential sharp drop in oil revenues if US succeeds in pushing India to reduce Russian crude purchases, forcing Moscow to offer deeper discounts to alternative buyers amid sanctions pressure.
Subsidies Cannot Be Withdrawn Abruptly, Reforms Gradual: Vualnam
Expenditure Secretary V. Vualnam emphasizes that subsidies for food security and agriculture remain critical in India. The government plans gradual rationalization using technology while maintaining fiscal discipline.
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UK Firm GI Outsourcing Opens AI-First GCC in Hyderabad
UK-based GI Outsourcing establishes AI-first Global Capability Center in Hyderabad via Enablr partnership, creating 200 jobs by 2028 and expanding India operations to serve global clients.
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