Business News: Economy & Markets

India must catch up and leapfrog in AI: Abhishek Singh of MeitY & India AI Mission

IANS | December 3, 2025 12:01 PM

Mumbai, Dec 3 (IANS) India is preparing to pull AI into the core of its digital public infrastructure, a shift that Abhishek Singh, Additional Secretary at the Ministry of Electronics and Information Technology and CEO of the India AI Mission, said is becoming urgent as the country’s AI usage rises faster than its capacity to build domestic systems.

India, UAE to make mobility easier for workers, tourists and businesses

IANS | December 3, 2025 11:35 AM

New Delhi, Dec 3 (IANS) India and the UAE are taking major steps to make travel smoother and strengthen legal cooperation, marking a new phase in their fast-growing strategic partnership.

Amitabh Kant warns India risks falling behind without sovereign AI infrastructure

IANS | December 3, 2025 11:31 AM

Mumbai, Dec 3 (IANS) India must urgently build sovereign AI capabilities or risk becoming dependent on foreign technology firms that are using Indian data to strengthen their own models, former CEO of Niti Ayog Amitabh Kant has said.

India's services PMI rises to 59.8 in November driven by robust output growth

IANS | December 3, 2025 10:51 AM

New Delhi, Dec 3 (IANS) India’s services PMI Business Activity Index rose from 58.9 in October to 59.8 in November, driven by robust new business intakes that fuelled output growth, according to the HSBC India Services Purchasing Managers’ Index (PMI) survey by S&P Global released on Wednesday.

MCX gold surges as global markets support rally

IANS | December 3, 2025 10:47 AM

Mumbai, Dec 3 (IANS) Gold prices on the Multi Commodity Exchange (MCX) jumped on Wednesday, supported by gains in the global bullion market and the sharp fall in the Indian rupee, which touched a record low against the US dollar.

Key RBI MPC meet begins today, all eyes on rate cut decision

IANS | December 3, 2025 10:07 AM

New Delhi, Dec 3 (IANS) The much-anticipated Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) meeting is set to begin from Wednesday, with the outcome on the key policy rate on Friday.

Rupee crashes to record low beyond 90 per dollar

IANS | December 3, 2025 10:07 AM

New Delhi, Dec 3 (IANS) The Indian rupee fell sharply on Wednesday, slipping past the crucial 90-per-dollar level for the first time ever.

Northeast positioned to emerge as most compelling tourism frontier: Minister

IANS | December 3, 2025 9:52 AM

New Delhi, Dec 3 (IANS) Northeast, touted as India’s cultural and natural powerhouse, is positioned to emerge as one of India’s most compelling tourism frontiers, according to Union Minister Jyotiraditya Scindia.

Sensex, Nifty open flat as IT and pharma gain

IANS | December 3, 2025 9:40 AM

Mumbai, Dec 3 (IANS) The Indian stock market opened on a quiet note on Wednesday, with both benchmark indices showing minimal movement in early trade.

India doubles down on domestic active pharmaceutical ingredient manufacturing

IANS | December 3, 2025 9:22 AM

New Delhi, Dec 3 (IANS) A total of Rs 4,763.34 crore worth investment has been made in the three and a half years under the scheme for Promotion of Bulk Drug Parks till September 2025, against an investment commitment of Rs 4,329.95 crore over the period of six years in greenfield projects, according to the government.

Business

India must catch up and leapfrog in AI: Abhishek Singh of MeitY & India AI Mission

India, UAE to make mobility easier for workers, tourists and businesses

Amitabh Kant warns India risks falling behind without sovereign AI infrastructure

India's services PMI rises to 59.8 in November driven by robust output growth

MCX gold surges as global markets support rally

Key RBI MPC meet begins today, all eyes on rate cut decision

Rupee crashes to record low beyond 90 per dollar

Northeast positioned to emerge as most compelling tourism frontier: Minister

Sensex, Nifty open flat as IT and pharma gain

India doubles down on domestic active pharmaceutical ingredient manufacturing

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