Business News: Economy & Markets

MSME sector rises on SIDBI confidence index despite global risks

IANS | February 24, 2026 2:17 PM

New Delhi, Feb 24 (IANS) A year-on-year analysis of the MSME Business Confidence Index (M-BCI) for the October-December 2025 quarter, at both composite and sectoral levels, indicates an improvement over the last one-year period despite the global risks as the domestic macroeconomic environment has offered strong support, according to a SIDBI outlook survey released on Tuesday.

AI threatens legacy software systems, IBM worst hit

IANS | February 24, 2026 1:49 PM

Mumbai, Feb 24 (IANS) Shares of IBM saw their sharpest single-day fall in more than 25 years after new fears emerged about how artificial intelligence could hurt one of the company’s most stable businesses.

India’s tourism sector poised for accelerated growth after booster shot in Budget

IANS | February 24, 2026 1:20 PM

New Delhi, Feb 24 (IANS) India’s tourism sector is poised to get a big push with the Union Budget for 2026-27 proposing a series of targeted interventions to strengthen institutional capacity, enhance service quality, and improve destination competitiveness.

India's e‑commerce to nearly double by 2030 to $300 bn: Report

IANS | February 24, 2026 12:24 PM

Mumbai, Feb 24 (IANS) India’s e‑commerce market, currently at $120–140 billion, is projected to reach $280–300 billion by 2030, even as it remains 7–8 per cent of total consumer spending, a report said on Tuesday.

PhonePe’s numbers show shift towards monetisation and margin improvement

IANS | February 24, 2026 12:21 PM

New Delhi, Feb 24 (IANS) Financial disclosures filed by PhonePe indicate a marked improvement in revenue scale, profitability metrics, and cash generation over the last three fiscal years, signalling a shift in the company’s financial trajectory amid India’s evolving fintech landscape.

Gold and silver prices dip amid profit booking as US dollar gains

IANS | February 24, 2026 11:35 AM

Mumbai, Feb 24 (IANS) Gold and silver prices retreated on Tuesday, amid uptick in US dollar and profit‑taking after huge gains in previous session.

91 countries and global organisations join New Delhi Declaration on AI Impact

IANS | February 24, 2026 11:30 AM

New Delhi, Feb 24 (IANS) The number of countries and international organisations joining the New Delhi Declaration on AI Impact has reached 91, it was announced on Tuesday.

Leh-bound SpiceJet flight lands safely at Delhi Airport over ‘technical issue'

IANS | February 24, 2026 10:37 AM

New Delhi, Feb 24 (IANS) A SpiceJet flight carrying around 150 passengers to Leh returned safely to Delhi Airport on Tuesday shortly after takeoff from the airport after experiencing a “technical issue”.

Sensex, Nifty post early losses over AI-related tech woes

IANS | February 24, 2026 9:46 AM

Mumbai, Feb 24 (IANS) The Indian equity markets erased gains from the previous session early on Tuesday, tracking an overnight sell-off in US equities amid AI-led disruptions affecting global technology stocks.

Adani Power to supply 558 MW high-quality power to benefit Tamil Nadu consumers

IANS | February 24, 2026 9:30 AM

Ahmedabad, Feb 24 (IANS) Adani Power on Tuesday said that its subsidiary Moxie Power Generation Ltd (MPGL) has received a Letter of Award (LoA) from Tamil Nadu Power Distribution Corporation (TNPDCL) for supply of 558 MW (net) power for a period of five years.

Business

MSME sector rises on SIDBI confidence index despite global risks

AI threatens legacy software systems, IBM worst hit

India’s tourism sector poised for accelerated growth after booster shot in Budget

India's e‑commerce to nearly double by 2030 to $300 bn: Report

PhonePe’s numbers show shift towards monetisation and margin improvement

Gold and silver prices dip amid profit booking as US dollar gains

91 countries and global organisations join New Delhi Declaration on AI Impact

Leh-bound SpiceJet flight lands safely at Delhi Airport over ‘technical issue'

Sensex, Nifty post early losses over AI-related tech woes

Adani Power to supply 558 MW high-quality power to benefit Tamil Nadu consumers

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