Business

New Delhi, Feb 16 (IANS) While India has diversified its energy basket and started sourcing more oil and gas from the US, it is also diversifying its import basket for precious metals from the UAE so that it can purchase more gold and silver from the US market instead, a senior official said.This will help…

New Delhi, Feb 16 (IANS) Artificial intelligence (AI) presents a significant opportunity for India, particularly if the country transitions from being largely an AI user to becoming a global AI creator, experts said on Monday. Speaking to IANS on the sideline of India AI Impact Summit 2026, they highlighted that developing AI-driven solutions with global…

New Delhi, Feb 16 (IANS) India’s media and entertainment sector is on a steady expansion path, with revenues projected to grow at around 7 per cent annually till 2027, and the sector’s total size is estimated to rise from Rs 2,502 billion in 2024 to Rs 3,067 billion in 2027, underscoring its role as a…

New Delhi, Feb 16 (IANS) Gold and silver prices declined on Monday, as the US dollar strengthened tracking in-line US inflation data.MCX gold April futures dipped 0.56 per cent to Rs 1,55,023 per 10 grams around 12.30 am on an intra-day basis. Meanwhile MCX silver March futures declined 1.99 per cent to Rs 2,39,501 per…

Mumbai, Feb 16 (IANS) As the highly-anticipated ‘India AI Impact Summit 2026’ kicked off in New Delhi on Monday, senior policymakers and leaders called for urgent action to use artificial intelligence (AI) to promote inclusive growth.Chief Economic Advisor (CEA) V. Anantha Nageswaran warned that every year delaying AI progress narrows economic and technological options.”India needs…

Seoul, Feb 16 (IANS) South Korea’s smaller KOSDAQ was the second-best-performing stock index in the world over the past month, only after the country’s benchmark KOSPI, amid government measures to boost the secondary market, data showed on Monday.The KOSDAQ rose 16.45 per cent from 949.81 points on January 13 to 1,106.08 points on Friday, according…

New Delhi, Feb 16 (IANS) Union Railway Minister Ashwini Vaishnaw has sharply criticised Congress leader Rahul Gandhi over his recent post on social media platform X, where the latter raised questions about a potential India-US trade deal involving agricultural products. In a repost of Rahul Gandhi’s query directed at Prime Minister Narendra Modi, Union Minister…

New Delhi, Feb 15 (IANS) Union Minister Dr Jitendra Singh has underscored the pivotal role of startups in driving innovation and strengthening India’s research–industry ecosystem, it was announced on Sunday.At the Research–Industry–Startup–Entrepreneurship (RISE) Conclave at the Chennai Trade Centre, the minister also inaugurated the ‘Startup Expo’ and interacted with participating entrepreneurs.The ‘Startup Expo’ featured more…