New Delhi, Aug 19 (IANS) As India hosts 2,117 global capability centres (GCCs) operating 3,728 units across the country, the industry recorded an estimated revenue of $98.4 billion in FY26, according to a report released on Wednesday.According to a joint report by Awfis Space Solutions and Zinnov showed that the number of GCCs in the nation has grown nearly 32 per cent since FY21, while employing more than 2.36 million professionals.In addition, 506 Global 2000 companies currently operate centre…

New Delhi, Aug 19 (IANS) India’s real estate sector is expected to remain resilient amid the West Asia crisis, with residential unit sales in the top six cities for CY2026 forecast to touch around 3.55 lakh units, a report said on Wednesday.The report from CareEdge Ratings said sustained demand, deleveraged developer balance sheets and robust institutional participation helped the Indian Real Estate sector to touch $3.5 to $4 billion in H1 2026.”Commercial assets continued to account for the l…

New Delhi, Aug 19 (IANS) The Competition Commission of India (CCI) has notified the revised Commitment (Amendment) Regulations, 2026 which extend the filing window for antitrust commitment applications from 45 days to 60 days.The Competition (Amendment) Act, 2023 introduced Sections 48A and 48B of the Act to create a settlement and commitment mechanism that allows companies facing antitrust investigations to voluntarily offer corrective measures or agree to certain terms to resolve cases without…

Mumbai, Aug 19 (IANS) Securities and Exchange Board of India (SEBI) Chairman Tuhin Kanta Pandey on Wednesday warned that the markets regulator would take strict and immediate action against any attempt to manipulate the newly introduced Closing Auction Session (CAS) mechanism.Speaking on the sidelines of the FICCI Capital Markets Conference in Mumbai, Pandey said the regulator was closely equipped to detect any manipulation under the CAS framework.“We want to make one thing clear, that if peop…

New Delhi, Aug 19 (IANS) India’s artificial intelligence ecosystem is expanding rapidly, with 85 per cent of AI developers relying on public cloud infrastructure and nearly three-fourths saying they have sufficient choice among compute providers, a report said on Wednesday.The data compiled by public policy think-tank The Dialogue, titled “Competition, Innovation, and Market Structure in India’s AI Ecosystem: An Empirical Assessment,” examines competition, market dynamics and adoption ac…

New Delhi, Aug 19 (IANS) For years, smartphone buyers in India have largely focused on cameras, processors and design while making a purchase decision, but that’s changing. According to the Smartphone Insights Report 2026 by Flipkart and Counterpoint Research, growing content consumption and app-heavy usage are making display quality an increasingly important factor in smartphone purchase decisions.With consumers spending a large part of their day on their smartphones, whether for OTT streaming,…

New Delhi, Aug 19 (IANS) Gold prices jumped over 9 per cent this month which is about five times the returns of broader equity markets but investors largely moved gains into safer assets rather than reinvesting in precious metals, a report said on Wednesday.Precious metal inflows dropped from Rs 8,680 crore in June to Rs 4,084 crore in July, while Rs 1,40,390 crore flooded into money market funds against last month’s Rs 65,530 crore of outflows, the report from Vallum Capital said.The immediat…

New Delhi, Aug 19 (IANS) Mumbai’s prime residential market showed resilience in the first half of 2026, with capital values rising 1.4 per cent and rents up 1.2 per cent, even as global prime markets moderated, a report said on Wednesday.The report from Vallum Capital said Mumbai’s prime capital value reached $1,130 per square foot in June 2026, keeping the city competitive with other established global markets.The firm forecasted further prime capital value growth of 0 per cent–1.9 per ce…

New Delhi, Aug 19 (IANS) As the adoption of artificial intelligence (AI) and technology in financial markets is growing, the Securities and Exchange Board of India (SEBI)-regulated entities would remain responsible for the tools they use, Chairman Tuhin Kanta Pandey said on Wednesday.Addressing the 23rd FICCI Capital Markets Conference (CAPAM 2026), Pandey said, “With AI and technology, every SEBI-regulated entity remains fully responsible for any AI or machine learning tool it uses, whether dev…

New Delhi, Aug 19 (IANS) India’s makhana (fox nut) sector is projected to grow sharply, with the market expected to reach Rs 11,000–12,000 crore by 2029‑30 as production, prices and exports expand, an official factsheet said on Wednesday.Production volumes of makhan rose only four to five per cent between FY22-25 while average prices rose from about Rs 500 per kilogram to nearly Rs 1,250 per kilogram, driven by higher demand for health‑focused snacks, premium branding and limited supply …