Business
Gold, silver imports push trade deficit to 3-month high
NEW DELHI: Trade deficit widened to a three-month high of $34.6 billion in Jan as gold and silver shipments pushed up the import bill, while exports remained flat on a sharp fall in goods consignments to the US.India’s imports rose 19.1%, the highest since last April, to $71.2 billion – the second highest for any…
MG Motor charts Rs 4,000 crore India charge
CHENNAI: JSW MG Motor India, the joint venture between JSW Group and China’s SAIC Motor, is gearing up for a decisive expansion in India with a planned investment of Rs 3,000 to Rs 4,000 crore and an aggressive product offensive lined up for 2026. The country’s second-largest electric car maker by volume is sharpening its…
RIL, banks lift Sensex even as FPIs sell
MUMBAI: Strong buying in a host of bank stocks and Reliance Industries lifted the Sensex by 650 points on Monday to close at 83,277 points. However, nearly a Rs 1,000-crore net selling by foreign funds raised doubts about the sustainability of the rally. IT stocks had been under pressure over the past few sessions amid…
Torrent Power buys L&T’s Punjab plant in Rs 7,000 crore deal
MUMBAI: Torrent Power is buying L&T’s coal-fired power plant in Punjab in a Rs 6,889-crore enterprise value deal, marking its entry into northern India’s fast-growing power market. The acquisition includes Rs 3,661 crore in upfront cash, while Torrent will also take on Rs 3,228 crore of Nabha Power’s debt.Nabha Power runs a 1,400MW thermal plant…
India second-largest market for Claude: Anthropic India MD Ghose
BENGALURU: India has emerged as the second-largest market for Claude, reflecting the country’s rapidly expanding AI ecosystem and technically sophisticated developer base. Nearly half of Claude usage in India centers on computer and mathematical tasks, including building applications, modernizing legacy systems, and deploying production-grade software—underscoring the depth of engineering engagement across the market.Anthropic has also…
Franklin Templeton India SIP performance: Mid Cap fund returns 19.84%, Large Cap fund sees 17.42% annualised returns
Franklin Templeton India (Image/Website) Franklin Templeton India’s latest SIP performance factsheet for January 2026 highlights steady growth in its Systematic Investment Plan (SIP) book, alongside strong long-term performance across several equity mutual fund schemes.The fund house reported resilient SIP inflows during the month, with the number of active SIP accounts also rising, reflecting continued retail…
What’s helping venture capitals to strike out on their own
MUMBAI: Earlier this month, when three managing directors at Peak XV Partners (formerly Sequoia India and Southeast Asia) quit abruptly, that too when the firm was in the thick of closing a fresh billion dollar fund, it became a talking point across investment circles. Ashish Agrawal, Ishaan Mittal and Tejeshwi Sharma will start a new…
Oil prices hold steady near $68 ahead of US–Iran talks, OPEC+ supply plans keep markets cautious
Global oil prices remained steady on Monday as markets closely watch upcoming talks between United States and Iran. While concerns over potential disruptions in oil supply due to US-Iran tensions kept prices stable, OPEC+ is considering increasing production from April. The day saw Brent crude futures slightly down at $67.72 per barrel, while US WTI…
$3.3 billion funding: Key real estate firms line up IPO listings in 2026 amid strong housing demand
Indian real estate companies are rushing to raise around $3.3 billion through IPOs this year. This surge in public offerings comes as developers gain confidence in urban growth and housing demand, with more than half a dozen firms preparing to go public, as reported by Bloomberg.n comparison, the entire property sector, including developers and REITs,…