Tag: India

Indian shares edged higher on Friday but still ended the week lower for a third straight week, their longest losing streak in five months. The Nifty 50 rose 0.35% to 24,175.65, while the Sensex gained 0.43% to 77,264.51. For the week, however, both indexes fell as investors remained cautious about ...

India has become Asia’s least-favoured stock market among fund managers, despite improving corporate earnings and more than $4 billion in foreign investment flowing into Indian equities during the quarter. A Bank of America survey found that 32% of respondents were net underweight on Indian stocks, putting the country behind Indonesia ...

India's Securities and Exchange Board of India (SEBI) has ruled out an immediate review of its newly introduced stock closing auction, even after the mechanism triggered sharp volatility in futures and options markets during its first week. The new system, introduced on Monday to determine official closing prices, saw significant ...

India should introduce rupee-backed stablecoins to reduce reliance on U.S. dollar-pegged digital assets and protect users from exchange rate fluctuations, according to Binance's Asia-Pacific Head, Leon Foong. Speaking about digital asset adoption in the region, Foong said India's crypto market remains heavily dependent on dollar-backed stablecoins such as USDT and ...

Indian crypto users have criticized MoonPay after discovering they could not complete Know Your Customer (KYC) verification needed to claim rewards from the PayBox token distribution, despite completing the campaign's required tasks. Posts shared on X showed users calling for equal treatment after reaching the final stage of the claim ...

Indian AI startup Sarvam has announced plans to build a foundational AI model with more than one trillion parameters, becoming the largest AI project to date. The company said the model is being developed entirely in India and is intended for coding, cybersecurity, scientific research, simulations and other enterprise workloads. ...

The United States Senate has advanced a bipartisan bill that could allow President Donald Trump to impose tariffs of up to 100% on countries that continue buying large volumes of Russian oil and gas. India is a major focus because Russian crude has become a key part of its energy ...

India’s Central Board of Direct Taxes (CBDT) has issued guidance on how crypto exchanges and other virtual digital asset (VDA) service providers must comply with the country’s new crypto reporting rules under the Income-tax Rules, 2026. The framework follows the OECD's Crypto-Asset Reporting Framework (CARF) and requires reporting crypto-asset service ...

Indian IT services company HCLTech will invest 142.57 billion rupees, about $1.48 billion, to build its first AI data centre in Odisha in partnership with Indian AI startup Sarvam AI. The project will receive financial support from the Odisha government and will combine HCLTech's AI infrastructure capabilities with Sarvam's foundation ...

India is speeding up efforts to build its own artificial intelligence ecosystem, with the government supporting 20 homegrown AI model proposals, allocating more than 93 lakh GPU hours and expanding AI training and safety programs under the IndiaAI Mission. The figures were disclosed by Union Minister for Electronics and Information ...