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Subscribe to enjoy similar stories. New Delhi: A set of common initiatives and directives signed by India, the US, China and 83 other countries at the recently concluded India AI Impact Summit will shape global collaborations on artificial intelligence (AI) despite the agreement being non-binding in nature, said a top bureaucrat who spearheaded the declaration. On Saturday, the government released the New Delhi declaration that was signed by 88 entities, including the European Union (EU) and the International Fund for Agricultural Development (IFAD).

Subscribe to enjoy similar stories. Hours before the US Supreme Court struck down President Donald Trump's tariffs on Friday, a section of foreign institutional investors (FIIs) in India flipped their bearish bets to bullish ones, even as proprietary traders sharply raised their bullish bets. The two moves, combined, may signal anticipation of a ruling which has the potential to trigger a stock market rally on Monday.

India is preparing to merge its diverging tax and financial reporting frameworks into a unified system, two people aware of discussions said, in a move aimed at dismantling one of the most cumbersome hurdles for corporate India.The overhaul seeks to harmonize the Indian Accounting Standards (IndAS)—used for shareholder reporting—with the Income Computation and Disclosure Standards (ICDS) mandated by tax authorities. If successful, this would represent the most significant structural shift in the nation’s accounting landscape since IndAS was first adopted in 2016.The move is significant because tax accounting standards, called the ICDS, issued by the Income Tax department and the Indian Accounting Standards or IndAS, notified by the ministry of corporate affairs follow different accounting principles.IndAS aims to capture the economic position of a company at a given point in time using fair valuation of assets and liabilities, an approach useful for investors.

Subscribe to enjoy similar stories. The Nifty 50 could touch fresh highs over the next 12-18 months as valuations hover below long-term averages and foreign selling shows signs of easing, said Nikhil Ranka, chief investment officer (CIO)-equity alternatives at Nuvama Asset Management. However, he cautioned that India’s information technology (IT) companies are staring at an earnings cut, likely to begin in fiscal 2027-2028, amid concerns that artificial intelligence (AI) will compress billings and revenue growth.

Subscribe to enjoy similar stories. India is developing contingency plans for crude oil imports as rising tensions in West Asia push global oil prices higher and raise fears of supply disruptions.

Mint on 19 February.Concerns around the death knell for the IT services sector comes after India’s $283 billion IT sector lost at least $45 billion in market value in the first six weeks of this year.The knee-jerk reaction came after OpenAI’s GPT 5.3-Codex and Anthropic’s Claude 4.6-Cowork demonstrated abilities to automate tasks such as sales invoicing, legal processes and more, which is handled by TCS, Infosys, and HCLTech. Shares of these IT firms fell 10-14% in five days, after Anthropic and OpenAI’s launches.Still, like Altman, many believe that AI could actually lead to being a new growth vector for IT services.“Enterprises won’t splurge on AI until they see clear business returns, and for them, the big takeaway will be to ensure that it works with legacy systems and gives actual benefits—none of which should kill the middleware layer of technology firms,” Ana Paula Assis, senior vice-president and chair for Europe, Middle East, Africa and Asia Pacific at IBM, told Mint.On 9 February, analysts at brokerage firm Investec also argued in favour of the tech outsourcers, and said they “should benefit from legacy code modernization, migration of legacy SaaS (software as a service) applications, building AI foundation layers for enterprises and physical AI, among other opportunities.”On 15 February, analysts at Kotak Institutional Equities also questioned if OpenAI and Anthropic’s advancements were hyped more than what there were worth.“Benchmarking results (of AI models) aligned more with incremental improvements rather than a large step-up in capabilities.

Subscribe to enjoy similar stories. JSW Infrastructure Ltd’s management has approved equity fund raising of up to 250 million shares on Friday, which is almost equal to its initial public offering (IPO) size in terms of number of shares. A qualified institutional placement (QIP) is likely to be the preferred mode for raising funds.

Subscribe to enjoy similar stories. Indian equities may attempt a relief rally this week, but renewed uncertainty around US trade policy is likely to keep investors on their toes. A weekend of sharp tariff moves from Washington has once again clouded the outlook for global markets, including India.

Subscribe to enjoy similar stories. New Delhi: India and the US have postponed talks on the proposed interim bilateral trade agreement following recent developments in Washington, including the US Supreme Court striking down the reciprocal tariffs imposed by President Donald Trump and the subsequent imposition of a new 15% universal tariff under Section 122 of the Trade Act of 1974.

GST cuts to take effect in September. Analysts at JM Financial predicted in September that the price reduction could translate into 9-10% additional volume growth for air-conditioners. As the segment is fiercely competitive, most sellers passed the benefit on to customers.Listed AC makers reported a difficult quarter.

Mint, SDHI chief executive officer Vipin Kumar Saxena said the companies plan to cooperate initially on medium-range (MR) product tankers and potentially very large gas carriers (VLGCs), with Samsung providing designs and engineering support.“We will start by working together on specific ships (MR tankers and VLGCs). Once we execute these successfully and build confidence, the relationship can evolve further,” Saxena said in the interview.Samsung will license vessel designs and provide engineering and material packages, while construction will take place at SDHI’s Pipavav yard.

Subscribe to enjoy similar stories. Mumbai: The rupee is likely to open stronger against the US dollar on Monday after the US Supreme Court struck down President Donald Trump’s tariffs, prompting a recalibration of the North American country’s trade policy and reducing India’s effective tariff exposure to 15% from 18%. However, traders believe any near-term appreciation may be modest and short-lived, given lingering policy uncertainty and month-end dollar demand.

poha becomes 200 calories. Chapatis, dosas and pooris all become data points.When it started in 2012, the idea felt almost premature. India was only beginning to embrace food delivery apps and venture capital was chasing e-commerce and mobility.

Write to Margherita Stancati at [email protected] updated with the latest Trending, India , World and US news.

Mumbai finally got itself a new mayor, Ritu Tawde from the Bharatiya Janata Party (BJP), after a long hiatus. The city’s municipal corporation is the country’s richest local body and expectations from the incoming mayor were quite high.

Kati Patang Lifestyle, the maker of Saffron Lager and Bareilly Bold, is sharpening its focus on premium beers and preparing to enter the spirits business.Co-founder, Shantanu Upadhyay, speaking to Mint exclusively, said it is in advanced discussions to acquire a controlling stake in premium spirits brands and distribution networks, which could expand its addressable market from roughly $1-10 billion while improving margins.The company is also scaling up its UK presence as the BSE-listed brewer seeks to reposition itself as a lifestyle-led alcoholic beverage platform rather than a niche craft label. Kati Patang is also planning a real estate project under its name, which will house some hospitality projects.The decade-old New Delhi-based company, which listed last year through a share-swap with VirtualSoft Systems Ltd, has increased its stake in CHADKP Holdings Ltd, owner of Chadlington Brewery and The Tite Inn in Oxford, from 23% to 51%, gaining majority control within a year of its initial £300,000, or about ₹3.67 crore, investment.The company is also in advanced talks to enter the spirits business, given that a large share of alcohol consumption in India is in brown spirits such as whisky.

Three recent orders of the Securities Appellate Tribunal (SAT) mark an inflection point in Indian securities law. Individually, they address disclosure lapses, alleged accounting manipulation, fraud under Sebi’s Prohibition of Fraudulent and Unfair Trade Practices relating to Securities Market (PFUTP) Regulations, initial public offering (IPO) fund utilization and interim relief. Collectively, they pose a larger question: What model of corporate governance enforcement is India converging towards—the letter of the law, substantive transparency or calibrated market pragmatism?The first ruling, in the Varun Beverages case, sharpens the meaning of disclosure.

Subscribe to enjoy similar stories. NEW DELHI: As part of India’s playbook to diversify its critical mineral and rare earth supplies, India on Saturday inked a pact with Brazil.

Subscribe to enjoy similar stories. Brookfield-backed CleanMax Enviro, one of the leading early movers in India's corporate renewable energy sector, is set to launch its initial public offering (IPO) on 23 February. As of FY25, the company commands an 8% market share of annual open-access renewable energy capacity additions, reinforcing its position as a primary provider of decarbonization solutions.

luxury; it is a way of life. As soon as they start earning, young Indians are taking their first international trip. There is also a shift in attitude.

brands online, ahead of Google.This is where the good part ends.Social media is notorious for harming people’s mental health, driving online harassment, disrupting sleep, creating anxiety and accelerating digital addiction. According to Pew research, 48% of American teens say social media harms people their age. India's Economic Survey 2025-26 has flagged the rapid rise of digital addiction and screen-related mental health challenges.