Business News: Economy & Markets

Over 100 Japanese firms establish GCCs in India as AI innovation hubs

IANS | October 21, 2026 12:12 PM

New Delhi, Oct 21 (IANS) More than 100 Japanese companies have established or expanded Global Capability Centres in India, with the centres’ focus shifting from back‑office work to strategic capabilities such as artificial intelligence (AI), engineering, digital innovation, product development, cybersecurity and advanced analytics, a report said on Wednesday.

FDI limit in PSU banks likely to be hiked from 20 pc to 49 pc

IANS | October 21, 2026 11:58 AM

New Delhi, Oct 21 (IANS) The government is mulling raising the foreign direct investment (FDI) limit in public sector banks (PSBs) from 20 per cent to 49 per cent, according to multiple reports.

SBI data breach: PSU bank confirms 3,897 customer records exposed on dark web

IANS | October 21, 2026 10:22 AM

New Delhi, Oct 21 (IANS) State Bank of India (SBI) -- India's largest lender -- on Wednesday clarified that it experienced a data breach with 3,897 customer records found exposed on the dark web.

AI company Anthropic records over $80 billion net loss in first half this year: Report

IANS | October 21, 2026 9:53 AM

New Delhi, Oct 21 (IANS) Artificial intelligence (AI) company Anthropic has recorded a massive net loss of $80.7 billion in the first half of this year, the Wall Street Journal reported.

Sensex, Nifty surge up to 1 pc in early deals; IT shares lead gains

IANS | October 21, 2026 9:48 AM

Mumbai, Oct 21 (IANS) Indian equity benchmarks traded higher in early trade on Wednesday with gains of nearly 1 per cent each tracking positive global cues and buying in IT stocks.

SpaceX Q3 revenue surges 161 pc to $14.58 billion; Musk eyes $1 trillion mark by 2028

IANS | October 21, 2026 9:27 AM

New Delhi, Oct 21 (IANS) Elon Musk-backed SpaceX has reported quarterly results, powered by explosive growth in its artificial intelligence business and rising demand for data-centre capacity with revenue rising 161 per cent to $14.58 billion year-on-year in the third quarter.

India-US trade deal could significantly boost bilateral trade: TCC Chief

IANS | October 20, 2026 8:10 PM

New Delhi, Oct 20 (IANS) A potential trade agreement between India and the United States could significantly expand bilateral commerce, although resolving differences across a wide range of issues may prolong negotiations, Trade and Economic Council President John Kavulich said on Tuesday.

India’s nuclear plan dedicated to peaceful purposes: Jitendra Singh

IANS | October 20, 2026 5:30 PM

New Delhi, Oct 20 (IANS) India’s nuclear programme is dedicated to peaceful purposes and not warfare, Union Minister of State for Atomic Energy Jitendra Singh has said, reaffirming the vision that has guided the country’s nuclear journey since its inception.

India-New Zealand FTA may double bilateral trade in 2-2.5 years: BRISEC Chamber chief

IANS | October 20, 2026 5:26 PM

New Delhi, Oct 20 (IANS) India’s annual trade with New Zealand could double in two to two-and-a-half years, well ahead of the five-year target, following the implementation of the India-New Zealand Free Trade Agreement (FTA), BRISEC Chamber of Commerce and Industry Chairman Harvansh Chawla said on Tuesday.

Discussed energy security and defence cooperation: Rubio after meeting EAM Jaishankar

IANS | October 20, 2026 5:16 PM

Mumbai, Oct 20 (IANS) Reaffirming the importance of advancing the US-India strategic partnership, US Secretary of State Marco Rubio said on Tuesday that he discussed energy security and defence cooperation with External Affairs Minister (EAM) S Jaishankar during their meeting in Mumbai.

business

Over 100 Japanese firms establish GCCs in India as AI innovation hubs

FDI limit in PSU banks likely to be hiked from 20 pc to 49 pc

SBI data breach: PSU bank confirms 3,897 customer records exposed on dark web

AI company Anthropic records over $80 billion net loss in first half this year: Report

Sensex, Nifty surge up to 1 pc in early deals; IT shares lead gains

SpaceX Q3 revenue surges 161 pc to $14.58 billion; Musk eyes $1 trillion mark by 2028

India-US trade deal could significantly boost bilateral trade: TCC Chief

India’s nuclear plan dedicated to peaceful purposes: Jitendra Singh

India-New Zealand FTA may double bilateral trade in 2-2.5 years: BRISEC Chamber chief

Discussed energy security and defence cooperation: Rubio after meeting EAM Jaishankar

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