Economy News ( English version)

Saudi Arabia has appointed Fahad Al-Saif as its new investment minister, putting an official from the kingdom’s sovereign wealth fund at the helm of the entity tasked with drawing more capital to the country.

Renaissance Global said its consolidated net profit rose 36% to ₹33.20 crore in the December quarter of the financial year 2025-26.

The Pentagon is considering cutting ties with AI firm Anthropic due to disagreements over military use limitations of its models. Anthropic's $200 million contract could be impacted over its pushback on autonomous weapons and domestic surveillance.

Just weeks after he first made the analogy, Zoho's Sridhar Vembu has again compared Big Tech with the East India Company, stating that these well-funded and ambitious corporates are “bigger than most sovereign nations”.

French authorities opened new probes into possible sexual and financial crimes linked to Jeffrey Epstein and are revisiting the file on modeling agent Jean-Luc Brunel, who died in a French prison in 2022.

The centrepiece of the package is the proposed Urban Challenge Fund (UCF), which will provide Rs 1 lakh crore in central assistance over five years. The fund will cover up to 25% of project costs, subject to states and urban local bodies raising at least 50% of funding from the market.

India is at a crucial economic juncture. Technology and trade are powering its growth. The nation is building robust digital infrastructure and promoting domestic manufacturing. Free trade deals are opening global markets. The government is committed to safeguarding citizens and supporting farmers and small businesses. India is poised for significant advance […]

At the ET Now Global Business Summit, leaders examined the complex dynamics of today's world, emphasizing the transition to multipolarity. They pointed out the looming dangers to stability and economic success in the absence of cohesive guidelines. Now, more than ever, resilience in defense, energy, and overall competitiveness is crucial.

Placing the state's target alongside India's broader goal of becoming a $5-trillion economy by 2030 and a developed nation by 2047, state industry secretary P Anbalagan said Maharashtra's trajectory broadly mirrors national trends but will require a sharper push.

Following Prime Minister Narendra Modi's ambitious target of India becoming a $5 trillion economy, UP chief minister Yogi Adityanath is aiming for a $1 trillion economy for the state. "Under the leadership of the chief minister, there is clear intent and content to grow faster," Deepak Kumar, additional chief secretary, finance, and commission […]