April 25, 2026

Business

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Ai In Wealthtech: AI helps wealthtech firms do more with leaner teams

contact@dailyupdatesindia.com02 mins

BENGALURU: Indian wealthtech platforms are increasingly embedding artificial intelligence across research tools, product development and customer interfaces as they look to personalise investing and accelerate product launches without proportionate increases in headcount.Indian wealthtech platforms are increasingly integrating AI into core workflows, using it not just to enhance user experience but also to compress development cycles…

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Middle East disruption pushes oil prices higher: Could Russia gain financially and fund its Ukraine war longer?

contact@dailyupdatesindia.com05 mins

The disruption of Middle East energy supplies due to the Iran war is pushing global oil and gas prices higher, a development that could strengthen Russia’s finances and indirectly support its war effort in Ukraine.Rising energy prices are increasing the revenue Russia earns from oil and gas exports – a key pillar of the Kremlin’s…

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PhonePe eyes up to $10.5 billion valuation in India IPO, plans about $1 billion

contact@dailyupdatesindia.com03 mins

Walmart-backed fintech major PhonePe is targeting a valuation of $9 billion to $10.5 billion (about Rs 75,000 crore–Rs 87,000 crore) for its upcoming India IPO, with plans to raise around $1.05 billion through an equity sale, sources aware of the development told news agency PTI.The expected valuation is lower than the company’s last funding round…

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Rupee falls to all-time low of 92.05 against dollar as oil surge, foreign outflows rattle markets

contact@dailyupdatesindia.com03 mins

The Indian rupee weakened sharply on Wednesday, slipping to a record closing low of 92.05 against the US dollar as soaring crude oil prices and global risk aversion linked to the Iran crisis weighed heavily on the domestic currency.The rupee depreciated by 56 paise during the session, pressured by rising energy costs, foreign fund outflows…

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8th Pay Commission: Why employee unions want family units raised to 5 and what it means for fitment factor

contact@dailyupdatesindia.com04 mins

A proposal to increase the number of family units considered in salary calculations from three to five could significantly boost pay revisions under the 8th Pay Commission, according to central government employee organisations. They argue that if the government accepts the demand, the fitment factor used to revise basic salaries could cross 3, potentially leading…

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Adidas shares slide after weak 2026 outlook; company says Middle East war impact unclear

contact@dailyupdatesindia.com03 mins

German sportswear giant Adidas shares fell sharply on Wednesday after the company issued a weaker-than-expected outlook for 2026, while warning that the business impact of the escalating Middle East conflict remains uncertain, AFP reported.The maker of Gazelle and Samba trainers said it expects operating profit to rise to 2.3 billion euros ($2.7 billion) in 2026…

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