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In his book Increasing Returns and Path Dependence in the Economy, economist W. Brian Arthur explains how institutional outcomes often persist not because they are efficient, but because early deviations alter the payoff structure of future choices. Once a sub-optimal equilibrium is reached, coordination effects and adaptive expectations lock it in.

Subscribe to enjoy similar stories. Stock market recap: The Indian equity benchmarks extended their winning streak on Monday, buoyed by a landmark US Supreme Court ruling that invalidated broad-based emergency tariffs. Nifty 50 advanced 0.55% to settle at 25,713, while Sensex climbed 0.58% to end at 83,294.66.

Subscribe to enjoy similar stories. Stock market recap: A day after tumbling over 1% each, India's headline equity indices, the Sensex and the Nifty 50, rebounded with healthy gains on Friday, 20 February. The Sensex gained 317 points, or 0.38%, to end at 82,814.71, while the Nifty 50 settled at 25,571.25.

₹590 crore fraud at its Chandigarh branch were genuine or forged, two people familiar with the matter said, even as it has suspended four officials and prepares a forensic audit.The Warburg Pincus-backed lender on Sunday said the discrepancy was discovered when a Haryana government department requested that its account be closed and the funds transferred to another bank—the account balance was found to differ from what the account owner believed it should be. Similar discrepancies were noted when other Haryana government entities engaged with the bank on their accounts.IDFC First told the stock exchanges that it has informed the RBI, filed a complaint with the police and is also in the process of filing further complaints with appropriate law enforcement agencies and reporting to relevant authorities.

Subscribe to enjoy similar stories. Stock market update: Absolutely disappointing end to a day when all the effort that was seen in the last three days was brought to a nought, leading the trends to capsize without any hesitation. This has now proved that we need to work harder as domestic cues are not able to sustain the momentum.

India opened its space sector to private players at a time of covid paralysis. Since then, some progress has indeed been made. Poised for a breathtaking leap into space, however, might be China.In the last week of December, Beijing notified the UN’s International Telecom Union of its plan to put over 200,000 satellites in orbit within a decade.

Subscribe to enjoy similar stories. New Delhi: The traditional red carpet at the India AI Film Festival and the AI Impact Summit this week had a distinctively digital sheen. Amidst the usual chatter of cinematography and casting, a new breed of exhibitors, AI platform developers, are spending the week pitching a radical proposition to India’s creative core: the end of the ‘producer hunt’.

Subscribe to enjoy similar stories. Stock market recap: On Monday, the Indian equity benchmarks staged a robust late-session recovery, snapping a two-day losing streak as Nifty 50 surged 211.65 points (0.83%) to finish at 25,682.75. Similarly, S&P BSE Sensex reclaimed 83,000, jumping 650.39 points (0.79%) to close at 83,277.15.

Subscribe to enjoy similar stories. Walk into any corporate office, and you’ll hear the same anxious conversation: Will AI eliminate white-collar jobs? The optimists insist that new jobs will emerge to replace the ones we lose—after all, it has happened in previous tech revolutions. Pragmatists argue the workforce will simply become more productive with artificial intelligence, creating more value with minimal job cuts.

Subscribe to enjoy similar stories. New Delhi: India’s AI Impact Summit, which opened on Monday with a series of high-level industry dialogues, is expected to boost funding and global collaboration opportunities for the country’s private enterprises, shifting focus away from a potential policy consensus among participating nations.

Subscribe to enjoy similar stories. Now that US President Donald Trump has chosen Kevin Warsh as his appointee to succeed Jerome Powell as Federal Reserve chair, it is time to take Warsh’s ideas seriously, if not literally. Much of the discussion about Warsh has focused on his interest-rate recommendations, which have swung with the political wind.

Subscribe to enjoy similar stories. Moltbook, a social network designed specifically for artificial intelligence (AI) agents, has rapidly gained attention since its January launch. Unlike traditional chatbots that respond to prompts, AI agents are autonomous systems that can use tools, follow multi-step plans and execute tasks independently.

Subscribe to enjoy similar stories. India is in the middle of a significant reset of its official data architecture to better reflect current economic realities. An overhaul of the inflation basket has already been completed; the next major step is recalibrating how economic activity is measured.

Subscribe to enjoy similar stories. NEW DELHI : The Central Consumer Protection Authority (CCPA) has imposed a penalty of ₹5 lakh on Snapdeal (Ace Vector Ltd) for facilitating the sale of toys that did not conform to Bureau of Indian Standards (BIS) norms, holding that marketplace platforms cannot evade accountability by claiming intermediary status when consumer safety is at stake. The order, reviewed by Mint, said the national consumer rights watchdog found non-compliant toys continued to be listed, hosted, and sold on the platform even after the Toys (Quality Control) Order, 2020, came into force on 1 January 2021.

Subscribe to enjoy similar stories. The Critical Minerals Ministerial Meeting convened in Washington D.C. last week underscored the extent to which resource security has become central to contemporary geopolitics.

Subscribe to enjoy similar stories. Genre diversity turned out to be a key feature of the top 10 Hindi language films of 2025 and experts and theatre owners acknowledge that hit movies are no longer driven entirely by action or VFX spectacles, as was the case soon after the pandemic. As many as 15 original Hindi films grossed more than ₹100 crore each last year compared with six in 2024.

Subscribe to enjoy similar stories. The Pentagon has told a second aircraft carrier strike group to prepare to deploy to the Middle East as the U.S. military prepares for a potential attack on Iran, according to three U.S.

Subscribe to enjoy similar stories. Stock market recap: The Indian equity benchmarks concluded Wednesday's session on a mixed note, with Nifty 50 managing a marginal 0.07% gain to settle at 25,953.85, while Sensex snapped its three-day winning streak, slipping 0.05% to close at 84,233.64. The session was characterized by a sharp divergence in sectoral performance.

Subscribe to enjoy similar stories. In the 2007 film Chak De India!, coach Kabir Khan (played by Shah Rukh Khan) delivers a famous speech about the “Ye 70 minute!" of the game. For investors, however, the more useful lesson comes later, during the final penalty shootout.

Subscribe to enjoy similar stories. Stock market recap: Indian equity benchmarks ended Tuesday’s session with modest gains, with Nifty 50 rising 68 points (0.26%) to finish at 25,935, while Sensex added 208 points (0.25%) to settle at 84,274. Market sentiment remained upbeat, fueled by optimism regarding the India-U.S.

Subscribe to enjoy similar stories. Michael Grimes, the longtime Morgan Stanley rainmaker, spent years laying the groundwork for his bank to land a role leading the initial public offering of Elon Musk’s rocket maker SpaceX. But by the time Musk finally decided to take SpaceX public, Grimes was working in the Commerce Department, having followed the billionaire to Washington, D.C.