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File photo of the IPL trophy. India’s sports economy crossed the $2 billion mark for the first time, increasing by 13.4% year-on-year to reach $2.13 billion (Rs 18,864 crore). The industry has doubled in size in four years, accounting for an approximate 19% CAGR. Cricket accounts for 89% of total recorded receipts, up from 85%…
A federal jury in San Francisco has found Elon Musk liable for defrauding Twitter (now X) investors in 2022 by disparaging the company in an effort to secure a lower purchase price for the platform, Bloomberg News reported on Friday.Jurors concluded that Musk intentionally misled shareholders by claiming the social media company—later renamed X—had an…
FILE (AP Photo/Mark Schiefelbein, File) It seems investors’ anxiety about the rise in capital expenditure of companies to fuel their artificial intelligence (AI) infrastructure and strategy has reached China as well. In the past few months, some of America’s biggest technology companies including Amazon, Meta, Google and Microsoft have seen billions wiped out from their…
India’s foreign exchange reserves declined by $7.052 billion to $709.759 billion in the week ended March 13, according to data released by the Reserve Bank of India (RBI) on Friday.In the preceding reporting week, the country’s overall reserves had dropped by $11.683 billion to $716.81 billion. The reserves had earlier touched an all-time high of…
The United States on Thursday approved $16.46 billion in military sales to the United Arab Emirates and Kuwait, as Gulf states contend with the fallout from the ongoing conflict with Iran.The move follows sustained missile and drone attacks by Iran in response to last month’s US-Israeli air strikes, which have caused casualties and damage across…
India’s exports to the US declined 12.88 per cent year-on-year to $6.88 billion in February, weighed down by high tariffs, while the country’s trade deficit with China widened past $100 billion during the April-February period of the current fiscal, according to commerce ministry data released on Monday.Exports had contracted in September, October, December and January,…
India’s combined merchandise and services exports reached $76.13 billion in February 2026, marking an 11.04%increase from $68.56 billion in February 2025, the commerce ministry said on Monday. At the same time, imports surged even more sharply, rising 21.61% to $80.09 billion from $65.84 billion a year earlier. This led to a widened overall trade deficit…
Oil Above $100, Markets in Red: How the Iran War Triggered a $240 Billion Shock for Indian Investors India’s stock markets have suffered a sharp setback after geopolitical tensions in the Middle East triggered a wave of global financial uncertainty and according to market data compiled from the Bombay Stock Exchange and the National Stock…
The TikTok US joint venture deal is expected to generate nearly $10 billion in payments for the administration of US President Donald Trump, poured in from involved investors, according to a report by the The Wall Street Journal citing sources. WSJ said that this payment forms part of an arrangement through which investors considered friendly…
Travis Kelce and Taylor Swift (Getty Images) Travis Kelce is coming back. The Kansas City Chiefs tight end did not drag the decision out, and by the time the offseason chatter settled, the message was simple. Kelce still wants to play football. The grind, the locker room, the long Sundays. None of it has lost…
