Business

New Delhi: A landmark real estate deal is in the works in Delhi as the bungalow of former Tehri Garhwal ruler, Maharaja Manujendra Shah, is reportedly going on sale for ₹1,000 crore. The palace-like property is located on Bhagwan Das Road and spans 3.2 acres in one of Delhi’s most prestigious neighborhoods. According to Economic Times, the prospective buyer is a well-known entrepreneur in the food and beverages sector, who previously purchased the first official residence of former Prime Minister Jawaharlal Nehru for ₹1,100 crore. While the exact identity of the buyer remains undisclosed, a prominent law firm has issued a public notice on their behalf. Prime Location in Lutyens’ Zone The bungalow is situated in Delhi’s Lutyens’ Bungalow Zone (LBZ), widely regarded as the city’s mo...

New Delhi: Gold and silver prices witnessed a sharp rise in early trade on Wednesday, February 11, 2026, as strong buying momentum lifted bullion rates on the Multi Commodity Exchange (MCX). The market opened with a major spike, with silver soaring by more than ₹8,000 per kg, while gold gained over ₹1,600 per 10 grams. Silver Price Today on MCX Silver futures for March 5 delivery closed in the previous session at ₹2,52,548 per kg. On Wednesday morning, it opened sharply higher at ₹2,57,938 per kg. In early trading, silver touched: High: ₹2,60,838 per kg Low: ₹2,57,938 per kg By 9:30 AM, silver was trading at around ₹2,60,000 per kg, up by ₹7,452 (2.95%), reflecting strong bullish sentiment. Gold Price Today on MCX Gold futures for April 2 delivery ended the previo...

New Delhi: In a development that has triggered fresh debate across the global technology sector, Mrinank Sharma, head of the Safeguards Research Team at AI developer company Anthropic, has resigned from his position while issuing a serious warning about the dangers posed by artificial intelligence. Sharma announced his resignation on February 9 through a post on X (formerly Twitter). In his farewell message, he warned that the world is increasingly at risk due to the rapid rise of AI and other emerging crises. His remarks have intensified concerns about whether major technology companies are giving enough priority to ethics and safety. Warning on Ethics and Corporate Pressure In his parting note, Sharma suggested that in many organizations, ethical values often get overshadowed by...

New Delhi: A fresh development has emerged in the recently announced India-US trade deal, as the United States has reportedly made two significant changes to the official agreement details. The changes were made quietly through an updated fact sheet, indicating adjustments in the list of agricultural products and India’s proposed purchase commitments. Pulses Dropped from Food and Agricultural Products List The first major change is that the US has removed pulses (dal) from the list of food and agricultural products that were earlier mentioned as part of the trade arrangement. Previously, pulses were included among the items expected to benefit from tariff-related concessions under the deal. However, the revised statement no longer includes dal in the agriculture product list, rais...

New Delhi: Google’s parent company Alphabet Inc. is preparing to launch an unusual and long-term fundraising initiative by issuing a 100-year bond, a move rarely seen in the technology sector. The company is aiming to raise a significant amount of capital to stay ahead in the global Artificial Intelligence (AI) race and support its future expansion plans. This marks the first time in nearly three decades that a major tech firm has planned such a bond issue. The last notable instance was in 1996, when technology giant IBM issued a similar long-duration bond. Part of Alphabet’s First Pound-Denominated Debt Plan According to a report by the Financial Times, Alphabet’s proposed 100-year bond is part of its first attempt to raise debt in British pounds. Alongside this, the company is a...

New Delhi: The troubles of debt-hit industrialist Anil Ambani appear to be mounting further as the Enforcement Directorate (ED) has issued fresh summons to him and his wife, former actress Tina Ambani, in connection with an ongoing money laundering investigation. According to officials, the ED has asked both Anil Ambani and Tina Ambani to appear before the agency next week for questioning under the Prevention of Money Laundering Act (PMLA). Dates of Appearance Finalised Officials said Tina Ambani was earlier asked to appear before the agency on Monday, but she did not turn up. The ED has now directed her to appear on February 17, while Anil Ambani has been summoned to appear on February 18. Their statements will be recorded as part of the investigation. Case Linked to Luxury...

New Delhi: In a remarkable entrepreneurial success story, Saket Saurabh, a Gurgaon-based businessman, has become a rising name in India’s fast-growing food startup ecosystem. Leaving behind a high-paying job worth ₹50 lakh per year, he launched his momos venture called ‘The Momos Mafia’ in 2023 — and within just two and a half years, the business has crossed an impressive revenue milestone of ₹5 crore. Today, ‘The Momos Mafia’ is rapidly expanding across India, operating on a franchise-based model and marking its presence in seven Indian states. Quit a High-Paying Career to Follow a Dream Saket Saurabh resigned from his lucrative corporate job in September 2023, taking a bold step to pursue entrepreneurship full-time. A graduate of NIFT Delhi (2014), he had already gained startup ...

New Delhi: Indian stock markets continued their upward momentum on Tuesday, marking the third consecutive session of gains. Supported by strong global cues and rising optimism over a possible India-US trade agreement, benchmark indices ended in the green despite profit-booking at higher levels. The BSE Sensex climbed 208.17 points (0.25%) to close at 84,273.92, while the NSE Nifty gained 67.85 points (0.26%), settling at 25,935.15. During the session, the Sensex touched an intraday high of 84,482.95, while the Nifty surged to 25,989.45, reflecting sustained investor confidence. Top Sensex Gainers Several heavyweight stocks supported the rally, including: Eternal Tata Steel Mahindra & Mahindra Power Grid Tech Mahindra NTPC Larsen & Toubro Tata Co...

New Delhi: In a major boost to India’s growing global manufacturing ambitions, United States Trade Representative Jamieson Greer has said that India has the potential to emerge as a key alternative destination for American companies looking to shift operations away from China. Speaking in an interview with Fox News on Tuesday, Greer stated that India possesses the resources, workforce, and manufacturing capability needed to become an important supply-chain and production base for companies seeking stability amid rising geopolitical tensions. India Seen as Strong Alternative to China Greer highlighted that India has already taken significant steps to strengthen economic cooperation with the United States. He noted that India has started reducing its dependence on Russian energy and...

New Delhi: India is moving swiftly to strengthen its supply of critical minerals amid growing concerns over its heavy dependence on China. Recognizing the strategic importance of minerals like lithium and rare earth elements, the Indian government is actively engaging with Brazil, Canada, France, and the Netherlands to build a stronger and more reliable global supply network. According to official sources, discussions are underway for joint exploration, extraction, processing, and recycling agreements, aimed at ensuring uninterrupted access to these key resources. These minerals are essential for the production of electric vehicles, renewable energy systems, advanced electronics, and modern industrial infrastructure. China Dominates Global Rare Earth Supply China currently holds o...