India aims to leverage favorable global conditions to achieve faster economic growth and become a developed nation by 2047, according to Chief Economic Adviser V Anantha Nageswaran. Despite the current slowdown, India remains the fastest-growing large economy, with projections indicating a growth rate of 6.3 to 6.8 percent for 2025-26.

India will experience above-normal temperatures and below-normal rainfall in February, continuing the trend of a warmer and drier start to the year, the India Meteorological Department reports. Most regions will see reduced rainfall and higher temperatures, impacting crucial winter crops in northern states.

India needs lasting, coordinated efforts among government, private sector, academia, and financial stakeholders to become a manufacturing powerhouse. Challenges include reliance on China for critical resources and energy transition components. Domestic capacities under the PLI scheme aim to reduce costs and boost employment, despite current dependencies.

IndiGo announced direct flights between Indore and Bhubaneswar starting February 7, operating four days a week. This new route aims to facilitate convenient travel for religious, leisure, and business travelers, connecting two significant cultural and economic centers efficiently.

Sajjan Jindal-led JSW Group signed an MoU with the Odisha government to establish a 5-million-tonne per annum steel plant in Keonjhar district, with an investment of around Rs 35,000 crore. Additionally, POSCO may collaborate on the project. Aditya Birla Group plans further investments in aluminium, while Tata Steel and Avaada Group also have major projects in Odisha.

Wall Street's main indexes opened lower on Monday, as the surging popularity of a low-cost Chinese artificial intelligence model sparked a selloff in chipmaker Nvidia and other companies that stand to benefit from investments into the technology.

Futures linked to the tech-heavy Nasdaq tumbled on Monday as the overwhelming popularity of an inexpensive Chinese artificial intelligence model sparked a selloff in AI-related shares, with megacap stocks including Nvidia the worst hit.

European shares slid on Monday as the technology sector joined the retreat in other markets after China's upgraded low-cost, low-power artificial intelligence (AI) model sparked worries about the profits of rivals and the need for costly tech.

The two-day 'Utkarsh Odisha-Make in Odisha' conclave will kick off on January 28, welcoming 7,500 delegates from 20 countries. Industry leaders such as LN Mittal, Kumar Mangalam Birla, and Anil Agarwal, among others, are expected to attend. The event will focus on showcasing Odisha's transformational journey and attracting substantial investment proposals.