Business News

Business

IMF Praises India's Financial Resilience and Diversity in Latest Report Amid Global Challenges

The IMF's latest report highlights India's financial system's resilience and diversity, noting recovery from past distress and pandemic challenges. It praises regulatory improvemen...

Business

OpenAI Expands COO Brad Lightcap's Role to Spearhead Business Strategy and Operations

OpenAI Inc. has expanded COO Brad Lightcap's role to include overseeing the company's business and day-to-day operations, aiming to maximize the impact of its research. The company...

Business

Air India Implements Economy Travel for Top Executives, Including CEO, to Prioritize Paying Passengers

Air India mandates economy class travel for all staff, including CEOs, on domestic flights, with upgrades only available if premium seats are unsold 50 minutes before departure, to...

Business

Maybach's Unprecedented Success in India: Selling Ten Luxury Cars Weekly in 2024

Maybach demonstrates strong sales in India's luxury car market, selling ten cars weekly in 2024, driven by wealthy buyers. The brand sees India as a key market with a young, knowle...

Business

Sebi Extends Ban on 7 Commodity Derivatives Trading to March 2026 to Stabilize Prices

Sebi extends the suspension of derivatives trading in seven agricultural commodities until March 2026 to curb speculation and stabilize prices, affecting wheat, moong, and others.

Business

RBI Unveils New Priority Sector Lending Rules: Bigger Loans for Housing and Green Energy Initiatives

The Reserve Bank of India has updated its Priority Sector Lending guidelines, effective April 2025, to include higher loan limits for housing and renewable energy projects, aiming ...

Business

Ant Group Strategically Uses US and Chinese Chips to Slash AI Development Costs

Ant Group Co. Ltd. is innovatively using semiconductors from both China and the US to cut AI development costs and time, while also reducing dependency on single suppliers. The com...

Business

Germany's Bold Leap Towards Decarbonization: EU Greenlights €5 Billion State Aid Scheme

The European Commission approves Germany's €5 billion decarbonization scheme, aiming to significantly reduce CO2 emissions through carbon capture and hydrogen use, with strict redu...