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Game-Changer for Global Finance? UAE Unveils World’s First AI-Powered Sovereign Cloud to Guard Banks and Data In a bold leap that could redefine how modern financial systems operate, the Central Bank of the United Arab Emirates (CBUAE) has announced the launch of what it calls the world’s first sovereign financial cloud services infrastructure, a secure…

State-owned NBCC (India) Ltd will redevelop Delhi Development Authority (DDA) staff quarters in two colonies in the national capital at an estimated cost of nearly Rs 775 crore, PTI reported.In a statement, NBCC said it has signed two separate Memorandums of Understanding (MoUs) with DDA for the comprehensive redevelopment of staff quarters located at Old…

OpenAI has secured a massive $110 billion funding round, valuing the ChatGPT maker at $730 billion, as the artificial intelligence company accelerates investments to meet rapidly expanding global demand for AI services.The investment — among the largest fundraising rounds in Silicon Valley history – includes $30 billion each from Japanese conglomerate SoftBank and chipmaker Nvidia,…

How This Indian American Millionaire Broke Barriers And Is Now Teaching Others to Win At 80 years old, Kanwal Rekhi, a self-made Indian-American millionaire, Silicon Valley pioneer and mentor to thousands, has chronicled his remarkable rise and lifelong mission to empower others in a new book titled The Ground Breaker. The memoir, released on February…

Foreign direct investment (FDI) into India increased 18 per cent year-on-year to $47.87 billion during April-December 2025-26, with inflows from the United States nearly doubling in the first nine months of the fiscal, government data released on Friday showed.FDI during April-December FY24 had stood at $40.67 billion, PTI reported.In the October-December quarter of 2025-26, FDI…

Deepinder Goyal (File photo) Zomato founder Deepinder Goyal on Friday announced that his new health tech venture, Temple, has secured $54 million in its first funding round from friends and family, and valued at approximately $190 million.“Temple has raised its first round. Friends and family. $54m. Post-money valuation of ~$190m,” said Goyal on X.Temple, which…

Pakistan’s Shaheen Shah Afridi shakes hands with England’s captain Harry Brook after he is bowled out during the T20 World Cup cricket match between England and Pakistan in Pallekele, Sri Lanka, Tuesday, Feb. 24, 2026. (AP) Already through to the semifinals, England defeated New Zealand by four wickets in their final Super Eights match of…

England’s Will Jacks, left, and Rehan Ahmed (Photo by AP) England pull off an exciting four-wicket win over New Zealand in the T20 World Cup Super Eights, thanks to a brilliant late fightback by Will Jacks and Rehan Ahmed. The victory keeps Pakistan’s semifinal hopes alive, while England finish top of Group 2 with three…

Owning overseas real estate, whether in Dubai, London or Singapore, has become an increasingly popular aspiration among Indian investors. But recent enforcement action has highlighted that foreign property purchases can invite regulatory scrutiny if Foreign Exchange Management Act (FEMA) rules are not followed carefully.Earlier this month, the Directorate of Enforcement conducted searches under FEMA, 1999…

MUMBAI: The iconic Wankhede Stadium is set to honour legends of the game, with the Mumbai Cricket Association (MCA) on Friday announcing that a stand will be named after former India all-rounder Ravi Shastri, alongside gates dedicated to Dilip Sardesai, Eknath Solkar, and Diana Edulji.While the stand will be named in honour of former Mumbai…