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Oil market price battle: Russia and Iran offer deeper discounts to China as crude piles up at sea

Russian and Iranian oil producers are reportedly offering deeper discounts to compete for the same limited pool of Chinese buyers after India pulled back from purchases. Analysts say India’s imports from Russia could fall by 40 per cent from January levels, to around 600,000 barrels a day, according to a scenario from Rystad Energy, as…

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AI disruption: At $380 billion, Anthropic valuation more than combined market cap of top Indian IT stocks

In February 2026, the company secured $30 billion in its latest funding round, pushing the valuation of the Claude chatbot developer to $380 billion. (AI image) Anthropic – it’s a name that has taken the technology world by storm globally – and its impact on Indian IT stocks has been significant. Anthropic – now valued…

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US stock market today: Wall Street opens higher as investors await Nvidia earnings

US Wall Street’s main indices opened higher on Wednesday, recovering after recent volatility as investors weighed concerns surrounding the AI trade and uncertainty over tariffs ahead of Nvidia’s earnings later in the day (local time).The Dow Jones Industrial Average rose 183.1 points, or 0.37%, to 49,357.63 at the open. The S&P 500 gained 25.1 points,…

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Ajit Jain: Warren Buffett’s trusted executive Ajit Jain buys apartment in Gurugram for Rs 85 crore

A 7,400 sq ft apartment at DLF The Camellias in Gurugram has been purchased by Berkshire Hathaway’s Ajit Jain. The vice-chairman overseeing insurance operations at Berkshire Hathaway, Ajit Jain, is regarded as one of Warren Buffett’s most trusted associates. The apartment has been bought for around Rs 85 crore, according to sources quoted in an…

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India-Israel FTA talks: Piyush Goyal hails ‘productive interaction’ as PM Modi visits Tel Aviv

Piyush Goyal (File photo) Union Minister Piyush Goyal on Wednesday said the shared vision of Prime Minister Narendra Modi and Israeli Prime Minister Benjamin Netanyahu is “steadily translating into action,” as negotiations for an India–Israel Free Trade Agreement (FTA) gather momentum, as PM Modi reaches Israel.In a post on X, Goyal highlighted ongoing discussions with…

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‘Civilisational shift’: TCS CEO K Krithivasan encourages AI adoption even if it ‘cannibalises revenue’

TCS) CEO K Krithivasan (File photo) IT giant TCS encourages the use of artificial intelligence by its employees even if it affects their revenue streams, said its CEO, explaining the advantages of the firm’s approach. He described the adoption of AI as a ‘civilisational shift’.Speaking at the annual NTLF event in Mumbai, Managing Director and…

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Where to invest Rs 1 lakh right now – gold, silver, stocks, mutual funds? 7 wealth and fund managers decode the correct mix

We asked 7 wealth and fund managers from leading brokerages for where investors should invest Rs 1 lakh right now. (AI image) Wealth creation can seem intimidating for many – where should you put your money for steady returns over short-term, medium and long term? In today’s world of heightened uncertainty, the question becomes even…

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Stock market today: Which are top gainers and losers on NSE and BSE on February 25? Check list

Benchmark equity indices Sensex and Nifty ended marginally higher on Wednesday after a volatile trading session, as profit-booking wiped out most of the sharp intra-day gains.The 30-share Sensex rose 50.15 points, or 0.06 per cent, to close at 82,276.07. During the day, the index had jumped 731.99 points, or 0.89 per cent, to hit 82,957.91….

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‘Not enough’: PM economic advisor Sanjeev Sanyal warns of foreign ship reliance risks, backs India-owned merchant fleet for trade

Sanjeev Sanyal (File photo) India’s heavy dependence on foreign-flagged vessels, which carry more than 90 per cent of the country’s trade by volume, poses a serious strategic vulnerability risk, according to Sanjeev Sanyal, Member of the Economic Advisory Council to the Prime Minister.Speaking to ANI, Sanyal argued that India’s limited merchant fleet constrains the nation’s…

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