Bengaluru, June 30 (IANS) India’s global capability centre (GCC) ecosystem is well-positioned to drive the country’s next phase of innovation-led growth by partnering with startups, incubators and young innovators, Atal Innovation Mission (AIM) Mission, Director Deepak Bagla said on Tuesday.Speaking at the GCC Conclave — organised by AIM, NITI Aayog, in partnership with the Software Technology Parks of India (STPI) — on Innovation 2026 here, Bagla highlighted the growing role of GCCs in India’…
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New Delhi, June 29 (IANS) China’s retail sales fell 0.6 per cent year‑on‑year in May 2026 after a weak April, marking the first monthly decline in three and a half years, Stephen Roach, former Chief Economist and Asia Chair, Morgan Stanley, wrote on his Substack account, arguing that the country’s prolonged effort to steer toward consumer‑led growth has failed.Roach said that the failed growth model led to Chinese state, state‑owned enterprises and private firms capturing a disproporti…
New Delhi, June 26 (IANS) Shares of Japan’s SoftBank Group — which listed on the Tokyo Stock Exchange (TSE) — witnessed a slump of 13 per cent after OpenAI may delay its much-anticipated initial public offering (IPO), raising concerns over the timing of returns from the Japanese conglomerate’s massive investment in the artificial intelligence company, according to multiple reports.According to them, the sharp decline marked SoftBank’s biggest intraday fall in more than three months as investor…
New Delhi, June 19 (IANS) A cautious outlook from consulting firm Accenture has led to heightened selling in India’s information technology (IT) shares, and many mid-cap IT stocks have dipped further than 55 per cent correction seen in shares of Tata Consultancy Services.Tata Consultancy Services has tumbled nearly 55 per cent from its record high of Rs 4,592, while Wipro decreased 52 per cent, LTIMindtree declined 50 per cent and Infosys dipped 48 per cent from their respective peaks, a report …
Ahmedabad, June 10 (IANS) In a significant achievement for an Indian company, Adani Solar has been ranked sixth in the energy research and consultancy firm Wood Mackenzie’s ‘Global Solar Photovoltaic (PV) Module Manufacturer Rankings 2026’, it was announced on Wednesday.Wood Mackenzie assigned Adani Solar a ‘Grade A’ classification, citing its performance across manufacturing, technology, financial health, supply chain resilience and operational metrics.This makes the Adani Group company hig…
New Delhi, June 9 (IANS) Global liquefied natural gas (LNG) prices are expected to climb to their highest levels in more than three years, driven by rising demand in Asia and the need for Europe to replenish depleted inventories ahead of winter, according to a report.A report by Morgan Stanley forecasted the Asian LNG benchmark price to rise to $25 per million British thermal units (mmBtu) during the third and fourth quarters of the year, an increase of more than 30 per cent from current forward…
New Delhi, June 2 (IANS) Indian equities are poised for a strong growth phase over the coming years despite recent underperformance against emerging markets, according to a report by Morgan Stanley, which said improving earnings growth, rising investments and supportive macroeconomic conditions continue to strengthen the long-term outlook for the domestic stock market.In a strategy note, Morgan Stanley analysts Ridham Desai and Nayant Parekh said Indian equities have delivered their weakest trai…
New York/New Delhi, May 29 (IANS) After a successful Canada visit to bolster trade ties, Commerce and Industry Minister Piyush Goyal met top business and industry leaders in the US, discussing avenues for deeper collaboration to further boost the investment landscape in India.The minister met Miebach Michael, CEO of Mastercard, and discussed deepening collaboration in digital commerce, digital security, and next-generation payment solutions.”Conversations centred around India’s growing digital…
New Delhi, May 20 (IANS) Global crude oil prices fell nearly 1 per cent for a second consecutive session on Wednesday after US President Donald Trump reiterated that the conflict with Iran could end “very quickly”, raising hopes of a possible diplomatic breakthrough.International benchmark Brent crude futures slipped 0.9 per cent or nearly $1 to $110.28 per barrel, while US West Texas Intermediate (WTI) crude futures declined about 1 per cent or $1.03 to $103.12 per barrel.Moreover, both benchma…
New Delhi, May 13 (IANS) Leading global brokerage Morgan Stanley has projected India’s GDP growth to be healthy at 6.8 per cent for 2026, supported by strong domestic demand, government-led capital expenditure and improving industrial activity across Asia.Moreover, the brokerage in its latest outlook noted that the nation is likely to benefit from Asia’s emerging industrial and capital expenditure super-cycle, with domestic demand momentum remaining resilient despite global macroeconomic and…