Business News: Economy & Markets

Sri Lanka must jump onto India’s bandwagon to join AI race: Report

IANS | February 23, 2026 2:02 PM

New Delhi, Feb 23 (IANS) The only way for Sri Lanka to get into the AI race is to jump onto the bandwagon of a fast mover. Since it is unlikely that Sri Lanka can do so with the two leaders in the AI race -- the US and China -- the choice available is its neighbour to the north, India, the rising star. India has a high strategic edge with AI on many counts, according to an article in the Colombo Telegraph.

Sudarshan Pharma stock slips 3 pc amid GST search and seizure action

IANS | February 23, 2026 2:01 PM

Mumbai, Feb 23 (IANS) Shares of Sudarshan Pharma Industries slipped over 3 per cent on Monday after the Goods and Services Tax (GST) department initiated an inspection and search operation at the company’s registered office.

IDFC Bank fraud: No systemic risk here, we're watching developments, says RBI Governor

IANS | February 23, 2026 1:57 PM

New Delhi, Feb 23 (IANS) The Reserve Bank of India (RBI) on Monday said there is no systemic risk to the banking system and stressed that the Central Bank does not comment on individual banks or regulated entities, as IDFC First Bank revealed the Rs 590-crore fraud at its Chandigarh branch.

Amended BharatNet to boost rural telecom infra across Andhra Pradesh: Jyotiraditya Scindia

IANS | February 23, 2026 1:37 PM

New Delhi, Feb 23 (IANS) Amended BharatNet is a $16.9 billion (Rs 139,000 crore) publicly-funded programme which will take OFC fibre and broadband to every single village of this country, including in Andhra Pradesh, Communications Minister Jyotiraditya Scindia said on Monday.

Kerala govt signs Rs 2,000 crore MoUs with three PSUs for logistics ecosystem at Adani Vizhinjam International Seaport

IANS | February 23, 2026 1:36 PM

Thiruvananthapuram, Feb 23 (IANS) In a decisive move to consolidate public sector presence in strategic maritime infrastructure, the Kerala government on Monday signed Memoranda of Understanding (MoUs) worth Rs 2,000 crore with three Central Public Sector Undertakings (PSUs) to develop an integrated logistics ecosystem at the Adani Vizhinjam International Seaport.