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Voltas eyes double-digit growth, expects 1st-time buyers to lift AC demand

Industry estimates show only a tenth of Indian households own an AC, compared to two-thirds in China and one-third in Thailand

Pak must create 30 mn jobs in 10 yrs to avoid instability: World Bank chief

Banga said Pakistan's population dynamics mean employment creation will remain a binding constraint on growth over the long term, rather than a secondary policy goal

UK asks Air India to explain Boeing Dreamliner fuel-switch incident

Air India said in a statement it had completed a precautionary re-inspection of the ​switches and found no issues, and would 'respond to the UK regulator accordingly'

Asian shares falter as AI cost fears fuel global tech selloff jitters

The recent selloff, triggered by a new legal tool from Anthropic's Claude large language model, has wiped out about $830 billion in market value since January 28

India's Russian crude imports fall 12% in January from December, shows data

Indian refiners have been redrawing crude import strategies in recent ​months to shift away from top supplier Russia and boost imports from the Middle East

RBI's $10 billion FX swap auction garners 2.5 times subscription

The central bank accepted 118 bids at the FX swap auction with the premium cut-off set at 7.48 rupees. A total of 317 bids worth $25.03 billion were received

India to ensure record borrowing plan doesn't disrupt markets: Official

India's bond markets have been battered by hefty government borrowings, with investors expecting a record ₹30 trillion of federal and state government debt supply in the next fiscal

MediaTek flags supply chain crunch from AI, says will adjust chip prices

MediaTek said booming AI demand is straining global chip supply chains and pushing up costs, prompting the company to plan price adjustments even as it reported strong revenue growth

Gold climbs back near $5,100 as US-Iran tensions lift safe-haven demand

Goldman Sachs said on Wednesday that it saw significant upside risk to its $5,400 year-end forecast for gold on central banks maintaining their recent pace of accumulation

KFC India operator Devyani International promotes CFO Manish Dawar to CEO

Shares of the company rose nearly 5 per cent on the day

Nvidia CEO Huang dismisses fears over AI as stock selloff deepens

Huang said worries that AI will make software companies less relevant are misguided and AI will continue to rely on existing software

BofA expects rupee to strengthen by March end after India-US trade deal

The foreign lender had earlier forecast the currency at 90.50-91.00 levels

GTA VI likely to launch in November as maker raises annual booking forecast

GTA VI is likely to launch on November 19 only, as Rockstar Games' parent company raised its annual bookings forecast, betting on strong sales

Nvidia nears deal to invest $20 billion in OpenAI funding round: Report

Nvidia CEO Jensen Huang has denied claims he was unhappy with the ChatGPT maker and said on Saturday that the company plans to make a "huge" investment in OpenAI, probably its largest ever

RBI likely to keep policy rates unchanged as trade deal reduces urgency

The Reserve Bank of India (RBI) has already cut rates by 125 basis points since last February, bringing the policy repo rate down to 5.25 per cent

Fractal Analytics sets IPO price band, eyes ₹14,450 crore valuation

Fractal will launch its IPO for retail investors on February 9, while anchor investors can bid on February 6

Asia stocks unsteady, oil jumps on Gulf tensions, gold makes a comeback

Oil prices climbed after the US shot down an Iranian drone and armed boats approached a US-flagged vessel ‍in a key waterway, while precious metals found a firmer footing ​after a recent rout

India to keep some farm protections in US trade deal, buy arms, energy

The agreement comes after months of tensions between US and India that began to ease in recent weeks, and follows a big trade agreement signed by India with the European Union last month

Trump's tariff cut sparks relief in India despite limited clarity on deal

India had agreed to buy petroleum, defence goods and aircraft from the US, while partly opening up its guarded agriculture sector under the agreement

Hundreds of Nazi-linked accounts found at Credit Suisse, says US lawmaker

UBS said it accepts and deeply regrets that the World War Two era was a dark period in the history of Swiss banking