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For the rupee, finding a floor seems to be getting difficult. On Wednesday, it slid past the psychologically-important 90 mark against the dollar to touch an all-time low of 90.29, before recovering slightly to end at 90.19. For the year, it is down about 5%.

Subscribe to enjoy similar stories. Indian digital health and wellness startup Healthify is making the US its core focus as it looks to make the country its main source of revenue, according to a top executive at the company. “From a business traction standpoint, we're doing about $2 million in annual recurring revenue, it's still small," Tushar Vashisht, co-founder and chief executive of Healthify, told Mint. “We'll be at double-digit millions by next year, and by 2027, I think our US business is going to be the main revenue generator." Nutrition and diet tracking have become a growing focus for healthcare-conscious consumers worldwide, as millions seek to enhance their health.

Subscribe to enjoy similar stories. From the industrial belts of Gujarat to the outskirts of Bengaluru, factories are churning out solar panels by the millions, their glassy surfaces stacked and shipped across the country. Utility developers, homeowners and farmers are lapping them up, feeding the surge in India’s clean energy push.

Subscribe to enjoy similar stories. Artificial intelligence (AI) is taking off in India. The country is now the second-largest market for OpenAI, whose ChatGPT service has 700m active users worldwide.

Subscribe to enjoy similar stories. The rupee breached 90 to the US dollar on Wednesday, marking a new low for India’s currency, which has steadily weakened over the year and is now the worst performer among major emerging- and advanced-market currencies. The rupee's slide (it has fallen more than 5.5% this year as of 2 December) has been driven largely by a trade impasse with the US and continuing foreign portfolio investor (FPI) outflows from Indian markets.

Subscribe to enjoy similar stories. Apple is widely expected to launch a foldable iPhone next year. But it faces stiff competition in the world of flexible smartphones, as Samsung Electronics is bringing its own triple-folding device to the U.S.

Subscribe to enjoy similar stories. The share of information technology (IT) services stocks in the BSE 30 Sensex in 2025 has fallen to a 18-year low of 11.3%, just better than the 8.8% in 2007, as rise of artificial intelligence tools and prospects of uncertain growth make investors jittery. This coincides with OpenAI’s launch in November 2022, which marked an inflection point in the country’s $283 billion sector as it upended the way businesses were run.

Subscribe to enjoy similar stories. Shares of Natco Pharma Ltd have dropped 38% from the 52-week high of ₹1,505 (December 2024), as the Street grows cautious about its high-risk, high-reward business model. Natco focuses on extremely complex, niche drugs, mainly in cancer treatment, injectables, peptides, and legally challenged patents in the US market.

This week’s visit to India of Russia’s President Vladimir Putin has drawn New Delhi’s long relationship with Moscow into the spotlight. The India-Russia bond has been strong and steady, as evident in the fact that it has outlasted many shifts in global geopolitics. Looking at the cooperation between the two, whether it is on defence materiel or navigating past twists and turns in the global order, India and Russia have understood each other’s requirements and managed to support each other in their time of need.

The question I am asked most often these days is whether there is an artificial intelligence (AI) bubble forming in global markets. Rather than offering my opinion, let me tell you some facts.Yes, I do have concerns. Especially if one looks at the US market.

Mint report, instead of using mergers and acquisitions to enter new geographies or acquire technology, the current playbook often involves buying other companies simply to scale faster.The report cited logistics services provider Delhivery’s acquisition of SpotOn Logistics, CarTrade’s purchase of Shriram Automall, Zomato’s takeover of Uber Eats India, and online travel portal Ixigo’s buys of Abhibus and Confirmtkt, all helping them “expand market share, build scale, and enter adjacent or complementary segments.”The idea, of course, isn't entirely new, although such activity slowed sharply during the long funding winter after Covid. In fact, many startups are following the path charted by ed-tech company Byju’s, once India’s most valuable unicorn.

Subscribe to enjoy similar stories. Yoodli has raised $40 million in Series B funding led by WestBridge Capital, as the Seattle-based experiential learning platform strengthens its team and expands more aggressively into the enterprise market. Existing US-based investors Neotribe and Madrona also participated in the round.

Subscribe to enjoy similar stories. MUMBAI : Fireside Ventures has closed its fourth consumer-focused fund at $253 million with a more diverse base of investors, or limited partners (LPs), to continue backing early-stage startups in India, a top official at the investment firm said. “In this fund, we have a 50-50 split between domestic and global investors.

The Starlink service will be unveiled at a government-backed investment summit that opens in Dhaka on Monday. «We granted them approval,» Chowdhury Ashik Mahmud, chairman of the Bangladesh Investment Development Authority, told reporters on Sunday. Mahmud said it was granted on March 28, several days before US President Donald Trump unveiled his wide-ranging tariff programme that sent global markets into a tailspin. The new tariff on Bangladesh goods was set at 37 percent, hiking duties from the previous 16 percent on cotton.

The development comes amid growing concerns over the impact of the new trade policies on global markets and the U.S. economy.

The 27-country bloc faces 25 per cent import tariffs on steel and aluminium and cars and 'reciprocal' tariffs of 20 per cent from Wednesday for almost all other goods. President Trump's tariffs cover some 70 per cent of the EU's exports to the United States — worth in total 532 billion euros ($585 billion) last year — with likely duties on copper, pharmaceuticals, semiconductors and timber still to come. When Trump hit steel and aluminium imports with a 25 percent tariff in March, the EU decided on «an eye for an eye» approach. «We will react in areas where it hurts the United States,» a senior EU official said. Officials have previously said the EU will target goods from politically important US states, including soybeans produced in Louisiana, the home of US Speaker Mike Johnson, who pushes Trump's agenda in Congress. The is happening even though, President Trump's one of the closest advisers billionaire Elon Musk told Italy League leader Matteo Salvini on Saturday that he hoped in the future the US and Europe could create «a very close, stronger partnership» and reach a «zero-tariff zone.» Musk spoke to Salvini in a video conference during the League's congress in Florence. Salvini is the leader of the far-right, anti-migrant League party and vice premier of the Italian conservative government led by Premier Giorgia Meloni.

Europe and US are mulling opening overseas chapters of Prayagraj-based 'Ram Naam Bank' in their countries. On the occasion of Ram Navami on Sunday, the idea of opening a Ram Naam Bank was discussed among the devotees in Sweden. Nityanand Sharma, an IT Solution Architect, who works for a global furniture retailer in Sweden's Almhult and manages the affairs of a local temple there, said people were enamoured by the idea of a bank that propagates the name of Lord Ram. «The name of Lord Ram is powerful and effective enough to dispel doubts, fears and anxiety. That is why the concept propagated by Prayagraj-based Ram Naam Bank, of embracing the divine presence by writing his name 108 times a day in a booklet has many takers globally,» he said.

OpenAI is struggling to convert that momentum into meaningful revenue, TechCrunch reported, citing third-party data. Despite rising engagement, subscription income from India remains a fraction of what the company earns in the United States. Strong adoption, limited monetisation According to analytics firm SensorTower, Indian users have spent $8 million on ChatGPT subscriptions via in-app payments since 2023, excluding web-based payments. In contrast, US users have spent around $330 million during the same period.

Joseph Wu was leading a delegation for a meeting known as the «special channel», the Financial Times reported earlier. It marked Trump's first use of the channel since returning to the White House on January 20. Feud around Taiwan The island nation of Taiwan has always remained a prime target for Chinese President Xi Jinping and the ruling Chinese Communist Party (CCP). However, Taiwan's Democratic Progressive Party (DPP) has shown keen interest in keeping a good rapport with the US in order to tackle Beijing, as per a report on Daily Mail. But why is Taiwan so important for both the US and China? Located in the geopolitically critical South China Sea, the island nation is barely 100 kilometres away from China's southeastern shores. The tiny island country is hub of manufacturing and technological giants. Apart from this, Taiwan occupies the key trade route of Taiwan Strait. Also, Taiwan is part of 'first island chain' which includes territories from Japan to Philippines.

Nasdaq investors can expect another week of potential tariff turmoil as Wall Street witnessed the worst week since the onset of the coronavirus crisis five years ago, as per a report. More volatility could be in store ahead of the April 9 deadline Trump set for his reciprocal global tariffs to take effect, after his Wednesday announcement of the levies sent markets into a tailspin, raising fears of a global recession, Reuters reported. The benchmark S&P 500 lodged its biggest weekly drop since March 2020 and the Nasdaq Composite on Friday ended down more than 20 per cent from its December record high, confirming the tech heavy index is in a bear market. The Dow Jones Industrial Average finished the week down well over 10 per cent from its December record high, marking a correction for the blue-chip index, as per the report. Investors will look for signs the stock market may be close to at least a short-term bottom after Trump's tariffs rocked global asset prices this week, Reuters reported. One sign of gloom: The Cboe Volatility Index, an options-based measure of investor anxiety, registered its highest closing level since April 2020. Bearish sentiment in the American Association of Individual Investors survey reached 61.9 per cent, its highest reading since 2009 during the financial crisis.

Subscribe to enjoy similar stories. Chennai: In 1947, the US led 23 nations into signing the General Agreement on Tariffs and Trade (GATT). The effort was to lower trade and tariff barriers among nations.