Author: News Desk

At a JioBlackRock event in Mumbai, Reliance Group chairman Mukesh Ambani expressed strong optimism about India’s future, highlighting the country’s potential for massive wealth creation through technology, entrepreneurship, and long-term capital. Speaking with BlackRock CEO Larry Fink, Ambani described India as entering a once-in-a-generation growth phase with the ability to reshape its economy and global influence. Ambani estimated that India could generate up to $30 trillion in new value over the next 30 years as global growth accelerates, driven by AI and technological innovation. He emphasized that this scale of opportunity would allow many new large enterprises to emerge, with…

Elon Musk has become the first person ever to reach a net worth of $800 billion, according to Forbes, following the acquisition of his AI and social media company xAI by SpaceX. The merger boosted his fortune by $84 billion, bringing it to an estimated $852 billion. Before the deal, Musk held roughly 42% of SpaceX, valued at $336 billion, and 49% of xAI, worth $122 billion. After the acquisition, he owns a 43% stake in the combined company, now valued at $542 billion, making SpaceX his most valuable asset. He also holds a 12% stake in Tesla, valued at…

Vedanta chairman Anil Agarwal has pledged to invest ₹10,000–15,000 crore in a major philanthropic initiative focused on education and healthcare. Sharing the news on X on February 3, Agarwal said the commitment honors the wishes of his late son, Agnivesh, to make a meaningful contribution to society. This new pledge builds on his earlier promise to donate 75% of his personal wealth to society following the sudden death of his only son, who passed away in New York due to cardiac arrest while recovering from a skiing accident. Agarwal attended the Prime Minister’s Roundtable with Global Energy Leaders during India…

Following improved ties after the trade agreement, India and the US are moving closer to finalizing a deal worth around USD 3 billion for six P-8I anti-submarine and maritime surveillance aircraft. The acquisition aims to enhance the Indian Navy’s capability to monitor its designated maritime areas. The Indian Navy currently operates a fleet of 12 P-8I aircraft based in Arakonam and Goa, covering both the eastern and western seaboards. The proposal to procure six additional aircraft is expected to be submitted for Defence Ministry approval soon, after which it will require clearance from the Cabinet Committee on Security, according to…

Apple is deepening its commitment to India by investing in the workforce behind its supply chain. The company is launching skill-development programs across more than 25 supplier facilities nationwide, starting with Tata Electronics, as India becomes both a crucial manufacturing hub and one of Apple’s fastest-growing markets. Expanding India’s Role in Global Manufacturing Sarah Chandler, Apple’s Vice President of Environment and Supply Chain Innovation, told Moneycontrol that this initiative reflects India’s growing importance in Apple’s global manufacturing network. Bengaluru Hub Mirrors Global Training Centers The new Bengaluru education hub follows similar Apple training centers in the United States, Vietnam, and…

In the Union Budget 2026–27, Finance and Corporate Affairs Minister Nirmala Sitharaman announced an ambitious expansion of India’s rail network: seven new high-speed rail corridors spanning nearly 4,000 km, backed by an estimated investment of Rs 16 lakh crore. The proposed corridors will link Mumbai–Pune, Pune–Hyderabad, Hyderabad–Bengaluru, Hyderabad–Chennai, Chennai–Bengaluru, Delhi–Varanasi, and Varanasi–Siliguri, dramatically reshaping intercity travel. If implemented as planned, routes like Chennai to Bengaluru—currently a journey of over six hours—could be shortened to just 90 minutes to two hours. This leap hinges on the concept of railway corridors. So what does that actually mean? A rail corridor is best…

Nvidia is reportedly close to investing around $20 billion in OpenAI as part of the startup’s latest funding round, according to a source familiar with the matter. ChatGPT’s creator is seeking to raise up to $100 billion in this round, which would value the company at roughly $830 billion. Competition Heats Up for AI Partnerships Tech giants such as Amazon and SoftBank Group are also pursuing closer ties with OpenAI, hoping that stronger partnerships with the artificial intelligence company will give them an advantage in the rapidly growing AI sector. Deal Not Yet Finalized The Nvidia-OpenAI agreement is still under…

The trade agreement between India and the European Union, signed in January, has been called “the mother of all trade deals” by European Commission President Ursula von der Leyen, highlighting the significance of a partnership between the EU, the world’s largest trading bloc, and India, the world’s most populous country. Tariff Reductions and Quotas for EU Cars The deal will eliminate or reduce tariffs on 96.6% of EU exports to India, though sensitive agricultural products are excluded for both sides. Key products, such as cars, are included. India has agreed to grant European automakers quotas six times larger than previous…

Tata Chemicals, a leading producer of soda ash and related chemicals, is investing a total of Rs 1,290 crore in multiple capacity expansion projects, including a new greenfield unit in Tamil Nadu. Greenfield Iodised Salt Facility in Tamil Nadu The company’s board has approved Rs 515 crore to set up a new iodised salt facility at Valinokkam in Ramanathapuram district, Tamil Nadu. R. Mukundan, MD and CEO of Tata Chemicals, said the unit is expected to be completed within the next 36 months. The facility, designed to produce 210 kilotonnes per year of Iodised Vacuum Salt Dried (IVSD), aims to…

WhatsApp has become an inseparable part of daily life in India, used for everything from family chats and work updates to payments and business communications. That’s why the Supreme Court’s stern warning to Meta, WhatsApp’s parent company, has attracted widespread attention. When Chief Justice Surya Kant said, “If you can’t follow our Constitution, leave India,” it was more than courtroom drama—it was a firm statement on the country’s commitment to protecting user privacy. But what led to such a strong reaction, and does this mean WhatsApp could be forced out of India? How the Privacy Controversy Began The current issue…