Feedback | Wednesday, January 22, 2025

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Business

January 22, 2025 5:33 PM

Sensex jumps 566 points, Nifty holds at 23,000 as US tariff fears ease

The Indian stock market experienced significant movement on Wednesday, as benchmark indices Sensex and Nifty recovered in the latter half of the day after concerns over potential US trade tariffs eased. At the close of trading, the BSE Sensex rose by 566 points, or 0.75%, to close at 76,404.99. The...

January 22, 2025 1:19 PM

Google to invest fresh $1 bln in OpenAI rival Anthropic, FT reports

Google is making a fresh investment of more than $1 billion into AI startup Anthropic, the Financial Times reported on Wednesday. This comes after Reuters and other media reported earlier in January that Anthropic was nearing a $2 billion fundraise in a round, led by Lightspeed Venture Partners, va...

January 22, 2025 12:36 PM

Centre introduces Diamond Imprest Authorization scheme to revive sector

In a bid to enhance the competitiveness of India’s diamond industry, the Union government has introduced the Diamond Imprest Authorization (DIA) Scheme for the duty-free import of natural cut and polished diamonds. Set to take effect from April 1, the DIA Scheme offers a streamlined process to fa...

January 22, 2025 10:46 AM

Trump announces private-sector $500 billion investment in AI infrastructure

U.S. President Donald Trump on Tuesday announced a private sector investment of up to $500 billion to fund infrastructure for artificial intelligence, aiming to outpace rival nations in the business-critical technology. Trump said that ChatGPT's creator OpenAI, SoftBank and Oracle are planning a jo...

January 21, 2025 8:22 PM

WEF 2025: Andhra CM Naidu showcases India’s rise as a global economic power

Andhra Pradesh Chief Minister N. Chandrababu Naidu underscored India’s rapid emergence as a global economic powerhouse during a CII special session at the World Economic Forum (WEF) 2025. Speaking on Tuesday, Naidu highlighted that by 2027, India is projected to contribute the highest incremental ...

January 21, 2025 4:15 PM

Sensex plunges over 1,200 points, Nifty ends at 23,024 amid Trump 2.0 concerns

The Indian stock markets experienced a sharp decline on Tuesday, driven by global jitters surrounding US President Donald Trump’s second term, marked by his signing of executive orders and warnings of steep trade tariffs. The Sensex fell by 1,235 points (1.6%) to close at 75,838, while the Nifty 5...

January 21, 2025 12:38 PM

Will use US oil reserves to assert power globally, says Trump

President Donald Trump will use the US oil reserves as a weapon to assert its power and prevent both friends and foes from “pushing it around.” “We're not going to let any nation, whether friendly or unfriendly, push us around from any standpoint, including the economy because we have somethi...

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Last Updated: 22nd Jan 2025