Business News: Economy & Markets

GIFT City draws strong interest from global companies at Davos

IANS | January 23, 2026 4:25 PM

Davos, Jan 23 (IANS) Gujarat International Finance Tec-City (GIFT City) has emerged as a key point of interest for global financial institutions, investors, and technology companies at the World Economic Forum (WEF) annual meeting here, with global companies seeking deeper engagement around India-linked financial services, innovation, and cross-border operations, it was announced on Friday.

Regulator’s report exposes crisis in Pakistan’s power sector: Report

IANS | January 23, 2026 4:12 PM

New Delhi, Jan 23 (IANS) Pakistan’s National Electric Power Regulatory Authority (Nepra) has released a damning report on the performance of the country’s power sector.

Sensex, Nifty close sharply lower amid sustained FII outflows

IANS | January 23, 2026 3:58 PM

Mumbai, Jan 23 (IANS) The Indian equity markets posted strong losses on Friday, flipping early gains amid continued selling by foreign institutional investors.

Budget 2026: India’s gross tax revenue to improve 9.6 pc, capex to grow 10 pc

IANS | January 23, 2026 3:18 PM

New Delhi, Jan 23 (IANS) India's gross tax revenue is projected to improve in FY27, rising by 9.6 per cent, marginally lower than projected nominal GDP growth of 10.1 per cent, a report said on Friday.

India’s life sciences leaders scaling AI, digital transformation: Report

IANS | January 23, 2026 3:14 PM

New Delhi, Jan 23 (IANS) Life sciences leaders in India are scaling artificial intelligence (AI) and digital transformation, said a report on Friday.

Higher revenues will significantly offset RBI’s PIDF incentive impact: Paytm

IANS | January 23, 2026 3:07 PM

Mumbai, Jan 23 (IANS) Paytm on Friday clarified to the Indian bourses that any impact from the conclusion of the RBI’s Payment Infrastructure Development Fund (PIDF) scheme is expected to be offset over time through revenue growth and more targeted sales efforts.

WEF 2026: India emerges as major AI force backed by reforms, digital infra, says IMF

IANS | January 23, 2026 2:59 PM

New Delhi, Jan 23 (IANS) India is emerging as one of the world’s major forces in artificial intelligence (AI), supported by strong reforms, digital public infrastructure, and a skilled technology workforce, said Kristalina Georgieva, Managing Director of the International Monetary Fund, at the World Economic Forum in Davos.

Adani Green Energy reports 37 pc energy sales growth in 9 months of FY26

IANS | January 23, 2026 2:58 PM

Ahmedabad, Jan 23 (IANS) Adani Green Energy on Friday reported 37 per cent growth (year-on-year) in energy sales during the first nine month this fiscal (FY26), propelled by robust capacity additions and strong operational performance.

How realme is rethinking power for everyday smartphone use

IANS | January 23, 2026 2:00 PM

New Delhi, Jan 23 (IANS) In India’s fast-evolving smartphone market, battery performance has moved from a background specification to a core daily need.

AI can unleash $550 billion for 5 pivotal sectors in India by 2035: Report

IANS | January 23, 2026 2:00 PM

Davos, Jan 23 (IANS) Artificial intelligence (AI) has the potential to contribute $550 billion to five priority sectors -- agriculture, education, energy, healthcare and manufacturing -- in India by 2035 at a nominal level, positioning the country as a potential global benchmark for how emerging economies can deploy AI in a manner that is both transformative and equitable, said a PwC India report released at the World Economic Forum's (WEF) annual meeting here on Friday.