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Subscribe to enjoy similar stories. OpenAI is aiming to raise as much as $100 billion as it seeks to pay for ambitious growth plans in a market that has cooled recently on the artificial-intelligence boom. The fundraising round, which is in the early stages, could value the company at as much as $830 billion, if it raises the full amount it is targeting, people familiar with the matter said.

Subscribe to enjoy similar stories. Bearish forces have been unrelenting and the trends are unable to stage any recovery despite the best intentions. With the trends remaining challenged the road ahead is fraught with uncertainty.

Mint.The sustainable transport provider, which operates a fleet of more than 1,400 vehicles, is targeting BluSmart’s over 5,000 charging stations and technology stack, and has asked its interim resolution professional (IRP) to reopen the expression of interest (EoI) window after missing the initial deadline, said a person familiar with the matter.The firm is expanding its presence across its five cities of operation: Bengaluru, Hyderabad, Delhi, Mumbai, and Chennai.To be sure, Refex Mobility is a wholly owned subsidiary of conglomerate Refex Industries Ltd, which had been in talks to acquire Gensol Engineering Ltd’s 2,997 electric cars leased to the electric cab operator, but dropped the deal in March after the latter’s ratings were downgraded.Arun, who exited the ride-hailing company during its debt-repayment crisis earlier in 2025, along with chief technology officer Rishabh Sood and chief business officer Tushar Garg, joined Refex Mobility in August as its CEO.In March, credit rating agencies Icra Ltd and CARE Ratings Ltd downgraded Gensol’s credit rating to junk due to delays in debt servicing, prompting Refex Industries to cancel the ₹315-crore deal with Gensol.In April, the Securities and Exchange Board of India (Sebi) barred Gensol, its chief executive Anmol Singh Jaggi and promoter director Puneet Singh Jaggi from the securities market over charges of fund diversion.Soon, the operations of the Jaggi brothers and Punit Goyal-founded company came to a grinding halt, pushing its group companies into insolvency court.The National Company Law Tribunal’s (NCLT) Ahmedabad bench commenced BluSmart Mobility's corporate insolvency resolution process (CIRP) on 28 July on a plea filed by Catalyst Trusteeship over a default

Subscribe to enjoy similar stories. Selling pressure on the rally continues to keep a check on market conditions, as the lack of clarity continues to push the market lower with every rally. With trends continuing to fluctuate, we now need to determine that the market demands a hybrid approach.

Subscribe to enjoy similar stories. Despite the government’s stated policy goal of increasing the share of natural gas in India’s energy basket, consumption of the environmentally friendly fuel fell 8.6% annually in the April-October period of FY26, according to data from the petroleum planning and analysis cell (PPAC). In absolute terms, consumption declined to 40,068 million metric standard cubic metres (mmscm) during the first seven months of FY26, compared to 43,583 mmscm over the same period in FY25.

Subscribe to enjoy similar stories. After four decades of shaping India’s mass car market, Maruti Suzuki is drawing on an old playbook as it prepares to enter the electric vehicle (EV) segment, choosing to build customer confidence and supporting infrastructure before launching its debut model. The move comes even as rivals scale up sales and questions persist over whether it has arrived late to the electric transition.

Subscribe to enjoy similar stories. Selling pressure on the rally continues to keep a check on market conditions, as the lack of clarity continues to push the market lower with every rally. With the trends continuing to blow hot and cold, we need to now ascertain that the market is demanding us to have a hybrid approach.

Subscribe to enjoy similar stories. India’s space technology is no longer just for scientists or policy experts; it’s becoming a real business opportunity. Companies are now making radar systems, satellite communication tools, precision electronics, and advanced mapping technology that support every space mission.

It was a far better thing that Google did than it had ever done. So might future historians write of the moment this tech behemoth, long criticized for a lack of singular focus, quietly ignited two existential contests to reshape the tech landscape in 2026 and beyond.These are the Two Races of 2026, officially declared not by proclamation, but by two ‘firebombs’ thrown by Google. They target two tech giants that appeared almost unassailable till recently: the king of frontier AI models and the monarch of AI hardware.

Subscribe to enjoy similar stories. The RBI’s rate cut has generated strong buying interest at lower price levels, suggesting that the market trend is now turning positive. Although resistance remains at higher prices, the recent market decline has paused for now.

Subscribe to enjoy similar stories. MUMBAI : ArcelorMittal Nippon Steel India Ltd (AMNS India) has set an ambitious expansion roadmap for the rest of the decade, targeting 25-26 million tonnes of steelmaking capacity by 2030, its chief executive Dilip Oommen said in an interview. “By 2030, we will have at least 25-26 million tonnes.

Subscribe to enjoy similar stories. Indian Railways is exploring three new freight corridors to extend the high-speed cargo network deeper into southern, eastern, and central India, building on the success of two operational lines to create a continuous nationwide logistics loop, two people aware of the development said. Detailed project reports for the three new lines have been completed and are under examination, said one of the three people quoted earlier.

Subscribe to enjoy similar stories. Buoyed by the Fed rate cut, strong buying activity from lower price levels clearly signals an encouraging revival toward the upside. Although resistance persists at higher levels, the market's immediate downward pressure has eased.

Subscribe to enjoy similar stories. After a two-year hiatus in India, the world's biggest technology investor is on the move again. Masayoshi Son-led SoftBank is now examining Indian startups pursuing artificial intelligence (AI), the technology world's sunrise sector.

Subscribe to enjoy similar stories. The Federal Reserve lowered interest rates for the third time in four months on Wednesday while signaling that further easing is far from assured.

Subscribe to enjoy similar stories. MUMBAI: Axis Asset Management Company (AMC) is set to launch its third private credit alternative investment fund (AIF) next week, aiming to raise up to ₹2,000 crore, a senior executive told Mint. The move comes as the fund house looks to scale sharply in a private-credit market that is drawing record interest even as traditional lenders pull back.

For pharmaceutical firms, watching lucrative patents on their top-selling drugs expire has long been part of the business cycle. There’s enormous pressure to find ways of covering the shortfall. For the first time, China has something to offer.

Our ambition is clear. By 2047, when India marks 100 years of independence, it must be a developed nation: A Viksit Bharat. This means moving from a $4 trillion economy to $30 trillion.

Subscribe to enjoy similar stories. When Sanjay Malhotra became the 26th governor of the Reserve Bank of India (RBI) a year ago, he didn’t inherit a crisis—in fact, the period of high inflation was drawing to a close. He did, however, assume office at a time when the entire world was gripped by uncertainty.

Subscribe to enjoy similar stories. India’s retail inflation likely inched up to 0.8% in November from a record low of 0.25% in October, largely driven by fading base effects, a Mint poll of 20 economists showed. While inflation is expected to have bottomed-out in October, prices pressures are expected to remain weak both in foods (due to a good monsoon and harvest) and non-foods (due to GST cuts and possibly weak demand).

Subscribe to enjoy similar stories. Benchmark indices extended their decline for the second straight session on Tuesday, weighed down by a mix of global and domestic concerns. The Nifty50 slipped 120.90 points or 0.47% to close at 25,839.65, while the Sensex fell 436.41 points or 0.51% to 84,666.28.