Google Crosses $400B Revenue Mark
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🗞️ Strong Demand Lifts Services PMI in January
India’s Services PMI rose in January, supported by strong domestic demand and new business growth.
The expansion highlights continued momentum in the services sector, a key driver of India’s economic activity.
💬 Expert Take — “A resilient services PMI reinforces India’s consumption-led growth story, even as global conditions remain uncertain.”
🗞️ Semicon India Programme Advances With 10 Projects
The Semicon India programme has approved 10 projects as India accelerates its semiconductor ambitions.
Meanwhile, IT sector revenues climbed to $283 billion, underlining the sector’s scale and export strength.
🗞️ Rupee Strengthens Against US Dollar
The Indian rupee appreciated by 14 paise to close at 90.33 against the US dollar, aided by easing dollar strength and supportive domestic cues.
Currency stability remains key for inflation control and external balance.
🗞️ Bitcoin Slides Toward $70,000 Level
Bitcoin slipped closer to the $70,000 mark amid profit-taking and broader risk-off sentiment across global markets.
The move reflects heightened volatility in digital assets as macro uncertainty persists.
🗞️ Google Revenue Crosses $400Bn on AI Push
Google reported annual revenue exceeding $400 billion for the first time, driven by increased investments in artificial intelligence and cloud infrastructure.
The milestone underscores the growing monetisation of AI-led innovation.
🗞️ Larry Fink Says Next Two Decades Belong to India
Larry Fink, CEO of BlackRock, said the next 20–25 years will be India’s era, citing demographics, infrastructure investment, and capital market depth.
The comment reflects rising global optimism around India’s long-term growth potential.
💬 Expert Take — “Such endorsements from global capital leaders often precede sustained investment flows rather than short-term market moves.”
🗞️ RBI May Hold Rates Amid Global Uncertainty
The RBI MPC may refrain from cutting repo rates due to global economic uncertainty, according to an SBI report.
The central bank is expected to prioritise stability over aggressive easing.
🗞️ India–GCC Free Trade Talks Gain Momentum
Negotiations around an India–GCC free trade agreement are progressing, aiming to deepen economic ties across energy, trade, and investment.
The deal could enhance market access for Indian exporters in the Gulf region.
📊 Market Update
📉 Sensex: 83,313.93 ▼ 503.76 pts (–0.60%)
📉 Nifty 50: 25,642.80 ▼ 133.20 pts (–0.52%)
🪙 Gold (per gram): 24K ₹15,442 ▼ ₹502 | 22K ₹14,155 ▼ ₹460
🥈 Silver (per kg): ₹3,00,000 ▼ ₹20,000