New Delhi, India: The five-day India AI Impact Summit has kicked off today at Bharat Mandapam, Delhi, bringing together leaders from top technology companies worldwide. The summit, running from 16–20 February, is expected to witness announcements of investments totaling $100 billion. Among the participants are several Indian-origin leaders who head international companies, proudly representing India on the global stage. Prime Minister Narendra Modi is expected to meet the CEOs of 35–40 companies during the event. Key Indian-Origin Leaders at the Summit: Sundar Pichai, CEO, Google & Alphabet: Born in Chennai on 12 July 1972, Pichai studied at IIT Kharagpur before completing further education at Stanford University. He joined Google in 2004 and became CEO in 2015, taking over Alph...

New Delhi, India: Ice cream maker Kwality Wall’s (India) debuted on the NSE today, listing at a sharp discount and causing significant losses for investors. The company was demerged from Hindustan Unilever (HUL) last year, with the demerger effective from 1 December 2025 and the record date for eligible shareholders fixed on 5 December 2025. Listing DetailsThe issue price of Kwality Wall’s shares was ₹40.20, but they listed at ₹29.80 on the NSE—a nearly 26% discount. The company’s market capitalization at listing stood around ₹7,000 crore. During trading, the shares dropped to ₹28.31. By 11 AM, the stock was trading at ₹31, about 23% below the issue price but 4% above the listing price. Open Offer by Magnum Ice Cream CompanyKwality Wall’s informed the exchange that The Magnum Ice Cre...

New Delhi, India: Young professionals are redefining financial transparency, and a Bengaluru-based data engineer provides a striking example. In a recent Instagram video, @thinking.mori revealed her monthly income and detailed expenses, showing how a high-earning professional manages her finances. Income and Major ExpensesShe earns ₹3 lakh per month, of which slightly over ₹2 lakh goes toward essential expenditures such as rent, utilities, and investments. Her monthly rent for her apartment is ₹20,000, which includes electricity, water, and Wi-Fi. She also pays ₹5,000 to her domestic helper, bringing her basic living costs to ₹25,000. A significant portion of her expenses is dedicated to an EMI of ₹30,000 for an apartment she bought for her parents. She explained, “I know a house is ...

New Delhi, India: Following trade deals with the United States and the European Union, the Indian government is preparing to provide greater flexibility for Chinese investments. According to sources cited by ET, the government is reviewing Press Note 3, which currently requires prior government approval for foreign direct investment (FDI) from countries sharing a land border with India. BackgroundPress Note 3 was introduced in April 2020 during the COVID-19 pandemic to prevent opportunistic takeovers of domestic companies, particularly by Chinese firms. Under the existing rules, FDI proposals from countries sharing a border with India require approval from both the Home Ministry and the Ministry of External Affairs. Proposed ChangesSources indicate that the government is considering ...

Mumbai, India: Last week, the Bombay Stock Exchange (BSE) Sensex closed lower for three consecutive days, and the negative trend continued on Monday. Despite this, mid-cap mutual funds have delivered returns that outperform their benchmarks, providing investors with strong long-term gains. Rising Interest in Mid-Cap FundsEven during volatile market conditions, investor interest in mid-cap funds has grown steadily. By December 2025, the Assets Under Management (AUM) of mid-cap schemes had nearly 2.5-folded, reaching ₹4.61 lakh crore, up from ₹1.85 lakh crore in December 2022. Mid-cap funds now account for 13% of total equity fund AUM. This surge is driven by their strong performance: the Nifty Midcap-150 TRI has outperformed Nifty-100 TRI and Nifty Smallcap-250 TRI across one, three, ...

New Delhi, India: On the first trading day of the week, gold and silver prices opened lower, showing a sharp decline on the MCX. Silver dropped by over ₹8,000, while gold fell by more than ₹1,000 in early trades. MCX Trading Details Silver: The March 5 delivery of silver had closed at ₹2,44,360 per kg in the previous session. It opened at ₹2,38,489 and fell to a low of ₹2,36,100, a decline of ₹8,260. As of 9:17 AM, silver was trading at ₹2,36,681, down ₹7,679. Gold: April 2 delivery gold had closed at ₹1,55,895 per 10 grams in the last session. It opened at ₹1,54,999, touched a low of ₹1,54,676, and a high of ₹1,55,100. At 9:20 AM, gold was trading at ₹1,54,877, down ₹1,018 or 0.65%. International Market Trends Spot gold traded 0.4% lower at $5,020.10 per ounce, following...

New Delhi, India: Banks in India are lending at a pace faster than the rate of deposits, creating tight liquidity conditions in the system. In the current financial year, credit growth has reached 12%, while deposits have increased by 10%. Effectively, for every ₹100 deposited, banks are lending out approximately ₹97. Credit vs Deposit GrowthAccording to a report by Times of India, the incremental credit-deposit ratio has risen to 96.9% as of the end of January, while the outstanding credit-deposit ratio stands at 82.3%. This indicates a strong demand for credit relative to deposits. RBI data shows aggregate deposits rose 10.2% to ₹23 lakh crore, whereas credit grew 12.2% to ₹22.3 lakh crore. On a year-on-year basis, credit growth hit 14.6% in January 2026, the highest in 19 months, com...

New Delhi, India: The Delhi Electricity Regulatory Commission (DERC) has introduced new guidelines for virtual net metering, allowing residents to sell excess electricity generated from rooftop solar panels directly to their neighbors. Under the new rules, all three power distribution companies in Delhi—BSES, Tata Power-DDL, and NDMC—are required to facilitate virtual net metering for 1,000 consumers each within their service areas. How It WorksTraditionally, net metering allows households or buildings with rooftop solar panels to feed surplus electricity into the grid. The meter records electricity consumed from the grid and electricity exported to the grid. At the end of the month, the net difference is adjusted in the electricity bill. Virtual net metering extends this concept:...

Mumbai, India: In a bold move that surprised his family and neighbors, Santosh Jadhav left his family’s gold and silver business to pursue farming in his native village. Today, he earns an annual income of ₹25 lakh through organic farming and by teaching modern agricultural techniques via his YouTube channel, Indian Farmer. Remarkably, Santosh had dropped out after 12th grade, making his journey even more inspiring. Returning to His VillageIn 2012, Santosh returned to his village, Majale Karve, in Kolhapur district, Maharashtra, leaving behind his family’s thriving business in Prayagraj, Uttar Pradesh. His decision was likened by locals to leaving a “superfast express” to take a “passenger train.” Despite warnings from family and neighbors, Santosh was determined to pursue farming. I...

Mumbai, India: The domestic stock markets witnessed a sharp decline last Friday, with both major indices closing lower. The BSE Sensex, comprising 30 stocks, fell by 1,048.16 points to close at 82,626.76, while the NSE Nifty lost 336.10 points to end at 25,471.10. The sell-off was driven by weakness in global markets, heavy selling pressure in metal, IT, and commodity stocks, and investor disappointment over quarterly earnings that fell short of expectations. Additional pressure on IT stocks due to AI-related concerns further dampened investor sentiment. During the trading session, Sensex touched a low of 82,534.55, down 1,140.37 points at one stage, while Nifty fell as much as 362.9 points to 25,444.30 before closing. Out of the 30 Sensex constituents, 28 stocks ended in the red. No...