Business News: Economy & Markets

Elon Musk and Sam Altman set for courtroom clash over OpenAI’s founding vision

IANS | April 27, 2026 3:58 PM

New Delhi, April 27 (IANS) Elon Musk and Sam Altman -- once allies in building what they envisioned as a nonprofit safeguard against runaway AI -- were set to face each other in a federal courtroom on Monday as a jury begins to decide whether Altman betrayed that founding promise by steering OpenAI toward a $852 billion commercial empire, as per reports.

Stock market cheers India-New Zealand FTA as Sensex ends 639 points higher

IANS | April 27, 2026 3:57 PM

Mumbai, April 27 (IANS) Indian equity benchmarks closed near the day’s high on improved investor sentiment after India-New Zealand FTA finalised in the national capital.

India set for AI-led venture capital growth as global funding hits record $330.9 billion

IANS | April 27, 2026 3:21 PM

New Delhi, April 27 (IANS) India is poised for an AI-led surge in venture capital (VC) investments, as global funding more than doubled to a record $330.9 billion in the first quarter of 2026, driven by a wave of artificial intelligence (AI)-led megadeals, according to a report released on Monday.

Assocham inks pact with India-New Zealand business council to boost trade

IANS | April 27, 2026 2:20 PM

New Delhi, April 27 (IANS) Leading business chamber Assocham on Monday signed a Memorandum of Understanding (MoU) with the India-New Zealand Business Council (INZBC) to develop a structured plan of action to facilitate and formalise industry-led initiatives under the India–New Zealand FTA and to ensure that businesses on both sides can effectively leverage the opportunities arising from the agreement.

Goldman Sachs raises crude oil forecast up to $90 as Hormuz closure tightens supply

IANS | April 27, 2026 1:48 PM

New Delhi, April 27 (IANS) Analysts at Goldman Sachs have raised their forecast for Brent crude -- the international oil benchmark -- to $90 per barrel for the fourth quarter, while US West Texas Intermediate (WTI) crude pegged at $83 per barrel, as the prolonged closure of the Strait of Hormuz continues to tighten global supply, according to multiple reports.

Come back home, Bharat needs your talent: Sridhar Vembu to Indians in US

IANS | April 27, 2026 1:22 PM

New Delhi, April 27 (IANS) Zoho’s Chief Scientist and Co‑founder Sridhar Vembu on Monday urged Indians living in the United States to “come back home” and help build India’s technological prowess.

India, New Zealand sign historic Free Trade Agreement

IANS | April 27, 2026 1:18 PM

New Delhi, April 27 (IANS) India and New Zealand signed a historic Free Trade Agreement (FTA) here on Monday that removes tariffs on 100 per cent of India’s exports to New Zealand, and either sharply reduces or removes tariffs on 95 per cent of the country’s imports from New Zealand.

India tech deals hit $3.9 bn in Q1, highest in nearly 4 years

IANS | April 27, 2026 1:14 PM

New Delhi, April 27 (IANS) The technology sector of India has recorded deals worth $3.9 billion in the first quarter of 2026, which is the highest quarterly deal value since Q3 2022 (around 4 years), even as overall deal volumes declined, a report showed on Monday.

Shaping young minds: Dr Priti Adani marks 25 years of Adani Public School, Mundra

IANS | April 27, 2026 12:50 PM

Mundra (Kutch), April 27 (IANS) Underscoring the Adani Foundation’s focus on accessible, holistic and future-ready education, Adani Public School (APS), Mundra, has completed 25 years of shaping young minds, marking its Silver Jubilee with a deeply moving celebration that brought together students, alumni, parents and educators in a shared moment of pride and reflection, it was announced on Monday.

IIT Delhi joins NatWest Group to boost industry‑academia joint research

IANS | April 27, 2026 12:19 PM

New Delhi, April 27 (IANS) Global Capability Centre (GCC) NatWest Group on Monday announced a partnership with the Indian Institute of Technology Delhi, through its Foundation for Innovation and Technology Transfer (FITT), to strengthen collaboration between industry and academia through research and pilot projects.