In a landmark development, SoftBank founder Masayoshi Son and Intel CEO Pat Gelsinger’s top lieutenant, Tan, are joining hands on a $2 billion funding play aimed at the next wave of AI, semiconductor, and deep-tech startups. The partnership signals renewed confidence in disruptive technologies, with India...
UK-based workplace services giant Compass Group has announced plans to increase its India workforce by up to 75%, as part of its strategy to strengthen technology-led services, operations, and client engagement. India, already a major growth market for Compass, will now serve as a key hub...
India’s housing finance companies (HFCs) are coming under increased regulatory scrutiny following concerns over lending irregularities, borrower misclassification, and operational lapses. The Reserve Bank of India (RBI) and the National Housing Bank (NHB) have reportedly intensified inspections to ensure compliance with prudential lending norms. This comes...
Global furniture giant IKEA has announced a fresh strategy for India, marking the second wave of growth focused on increasing local sourcing and supply chain integration. After establishing large-format stores and digital platforms in its first phase, the Swedish retailer now plans to expand sourcing partnerships...
India has set its sights on capturing 10% of global green hydrogen demand by 2030, with production expected to exceed 100 million tonnes worldwide. At the FICCI Green Hydrogen Summit 2025, the government announced the allocation of 862,000 tonnes per annum (TPA) of production capacity across...
OpenAI has dramatically ramped up competition in India’s burgeoning AI market with the debut of ChatGPT Go, a budget-tier subscription priced at just ₹399/month (~$4.60). Tailored specifically for India’s price-sensitive audience, this tier unlocks GPT‑5 capabilities with extended limits on messages, images, file uploads, and memory, alongside...
The Indian rupee recorded its sharpest single-day appreciation in more than a month, gaining 40 paise against the U.S. dollar to close near ₹86.95–86.99/USD. The surge was driven by two powerful triggers: growing optimism over the proposed Next Gen GST reforms and easing concerns about new...
The Securities and Exchange Board of India (SEBI) has proposed easing IPO norms for mega-cap companies, allowing smaller initial public offerings (IPOs) and staggered compliance with public shareholding requirements. The proposal includes reduced minimum public offer thresholds based on post-listing market capitalization and extended timelines for...
As India moves toward sweeping Goods and Services Tax (GST) reforms, investor confidence is soaring. The proposed cuts—lowering GST on small vehicles and key consumer goods—sent auto and FMCG stocks spiking. Markets are pricing in increased affordability, rising demand, and a consumption-led economic boost ahead of...
As India debates the upcoming “Next Gen GST” reforms, a senior government source has emphasized that the Centre and states remain equal partners in GST revenue sharing. Under the present system, GST revenues are split 50:50 between Centre and states, while 41% of the Centre’s share...
Former Reserve Bank of India Governor Duvvuri Subbarao has sounded a timely caution for India’s manufacturing ambitions. He warned that the Make in India initiative must not be reduced to a narrow policy of “Make all that India needs.” Instead, India should pursue strategic self-reliance in...
While India’s central government has successfully reduced its debt-to-GDP ratio from the pandemic peak of 61.4% in FY 2020–21 to 57% in FY 2023–24, its interest burden continues to climb. According to the latest Comptroller and Auditor General (CAG) report, interest payments now absorb 35.72% of...
Indian banks are riding the momentum of a record-breaking IPO year, extending more credit to investors eager to participate in public offerings. In FY 2024–25, IPO-linked lending grew by 53% over the previous year, with disbursals crossing ₹7,700 crore. HDFC Bank, State Bank of India, and...
India remains assured it will achieve its fiscal deficit goal of 4.4% of GDP for FY26, even amid plans to implement sweeping consumption tax cuts. A government source confirmed that both the central and state governments have mechanisms in place to neutralize potential revenue shortfalls. Additionally,...
India’s Central Board of Direct Taxes (CBDT) has opened consultations with crypto industry players to explore the need for a dedicated legal framework for Virtual Digital Assets (VDAs). Key issues under scrutiny include whether existing tax laws are sufficient, the appropriate regulatory body to oversee VDAs,...
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