Business updates

Business updates

OpenAI ‘on track’ to unveil first AI device in 2026, Axios reports

OpenAI CEO Sam Altman has teased a future AI device designed by legendary Apple iPhone designer Jony Ive, without disclosing a concrete timeline for launch.>

India needs 8-10 large banks to support GDP growth, Axis Bank CEO says

“It’s a play across the entire product suite” and “right now we don’t have that” in India, Axis Bank CEO Amitabh Chaudhry says ahead of WEF Davos 2026.>

Everstone said to sell stake in India's Burger King operator Restaurant Brands Asia

The family office of Ajanta Pharma is seen picking up some of the stake that Everstone Capital is offloading in Restaurant Brands India.>

CII seeks infra boost as confidence strengthens

CII’s Business Confidence Index in the third quarter of the current financial year (Q3FY26) rose for the third consecutive quarter to 66.5 from 66.0 in Q2FY26>

RBI proposes to link BRICS digital currencies to reduce reliance on US dollar: Report

RBI wants the proposal to link CBDCs to be included on the agenda for BRICS Summit 2026, which will be hosted by India later this year.>

Govt may levy duty to mop up windfall gains of fuel retailers

State-run oil marketing firms, IOC, BPCL and HPCL, posted a combined net profit of ₹34,066.51 crore in the first half of 2025-26, a 269.4% year-on-year jump>

HDFC Bank begins to recapture ground it had ceded to ICICI Bank

HDFC Bank is seen as taking one more quarter to completely shrug off its merger-related hangover since 2023.>

Hong Kong billionaire Cheah Cheng Hye puts quarter of his wealth in gold

Hong Kong billionaire Cheah Cheng Hye is advocating investors build a portfolio of 60% equities, 20% bonds, and 20% precious metals, led by gold.>

Silver rate today: Futures breach ₹3 lakh per kg on strong global cues

Silver prices in India soared to over ₹3 lakh per kg for the first time, driven by strong global trends and a weaker US dollar.>

Bharat Coking Coal shares nearly double over IPO price on debut

Bharat Coking Coal's share price surged as much as 96.56% over the IPO price of ₹23 to an intraday high of ₹45.21. The stock listed at ₹45.>

Credits : HTimes