Business News: Economy & Markets

AI to unlock $500 billion opportunity for India’s tech services: Report

IANS | August 26, 2025 3:01 PM

Bengaluru, Aug 26 (IANS) Artificial Intelligence will play a decisive role in shaping the future of India’s technology services industry as AI -- particularly the rise of Agentic AI --will unlock $300–500 billion in new opportunities and mark the beginning of a new era where humans and intelligent AI agents work together as hybrid teams, a new report said on Tuesday.

Domestic market for readymade garment to see steady revenue growth of 8-10 pc in FY26

IANS | August 26, 2025 2:54 PM

New Delhi, Aug 26 (IANS) The domestic market for readymade garment (RMG), accounting for three-fourths of the sector's revenue, will continue to see steady revenue growth of 8-10 per cent this fiscal, a report said on Tuesday.

America’s bet on China for pharma, drugs may be highly risky: Report

IANS | August 26, 2025 2:53 PM

New Delhi, Aug 26 (IANS) While the US sources cheap medicines ranging from everyday painkillers like ibuprofen and acetaminophen to critical antibiotics and chemotherapy agents from China, increasing dependency on the country may introduce serious risks, according to a report.

Field Marshal Munir tightens military grip over Pakistan’s mines in run-up to US deal

IANS | August 26, 2025 2:31 PM

New Delhi, Aug 26 (IANS) Pakistan Army chief, Field Marshal Asim Munir, has strengthened the military’s control in the economic decision-making process and cracked down on the local civilian population to ensure access to the mining areas in the Khyber Pakhtunkhwa (KP) region bordering Afghanistan, according to media reports.

Nifty could touch 27,609 in the next 12 months: Report

IANS | August 26, 2025 2:22 PM

Mumbai, Aug 26 (IANS) Domestic demand in India is set for a strong revival, with the Nifty expected to touch 27,609 in the next 12 months, a new report said on Tuesday.

India will become a hub of clean energy: PM Modi (Ld)

IANS | August 26, 2025 2:19 PM

Ahmedabad, Aug 26 (IANS) Prime Minister Narendra Modi on Tuesday inaugurated localised production of hybrid battery electrodes and flagged off Battery Electric Vehicle (EV) exports to 100 countries from Hansalpur in Ahmedabad and stated that India will become a hub of clean energy.

REIT penetration in India to nearly double from current 16 pc by 2030: Report

IANS | August 26, 2025 2:05 PM

New Delhi, Aug 26 (IANS) Nearly 140 million square feet of India’s office and retail spaces have been listed in Real Estate Investment Trust (REIT) market and 25-30 per cent of the overall office stock in India could be listed by 2030 -- from the current levels of 16 per cent, according to a report released on Tuesday.

IPO mainboard funding in India touches Rs 15,200 crore in Aug

IANS | August 26, 2025 1:36 PM

New Delhi, Aug 26 (IANS) Market activity in August remained strong, with 13 mainboard initial public offerings (IPO) raising Rs 15,200 crore and 28 SME IPOs raising Rs 1,345 crore -- the highest SME fundraise since September 2024.

Suzuki to invest Rs 70,000 crore in India over next 5–6 years

IANS | August 26, 2025 1:36 PM

New Delhi, Aug 26 (IANS) Japanese automaker Suzuki Motor Corporation on Tuesday announced that it will invest Rs 70,000 crore in India over the next five to six years.

India’s advertising market projected to reach 0.5 pc of GDP by 2029 : Report

IANS | August 26, 2025 1:34 PM

New Delhi, Aug 26 (IANS) India’s advertising market -- valued at $16-$18 billion in 2024 and contributing around 0.4 per cent to GDP -- is projected to grow at 10-15 per cent compound annual growth rate (CAGR), reaching about 0.5 per cent of GDP by 2029 and making it one of the fastest-growing digital ad markets globally, a report said on Tuesday.