Smaller Cities Now Drive Over Half of India's Forex Demand
Tier-2 and Tier-3 cities now account for 53% of India's forex demand, with leisure travel leading and digital adoption rising.
Business
India's Engineering Services Exports Jump Eightfold in a Decade
India's engineering services exports surged nearly eightfold to USD 13.77 billion in 2024-25, according to a NITI Aayog report.
Portugal Re-enters REN Capital with 13.7% Stake Purchase
Portugal's Parpublica buys 13.7% of REN from Pontegadea, restoring state presence in the power grid operator after 12 years.
Supernode Battery Project Completes Stage 2, Secures Funding for Stage 3
Quinbrook's Supernode BESS completes Stage 2 and closes A$469m financing for Stage 3, advancing Australia's largest operational battery storage campus.
India's chemical exports could hit $81 billion by 2030, says NITI Aayog
NITI Aayog report sets a $76-81 billion export target for India's chemical sector by 2030, focusing on specialty, inorganic, and petrochemicals.
India's coal imports pivot to steel as metallurgical demand climbs
India's coal import mix is shifting toward steel-making grades, with metallurgical coal up 10.4% and thermal coal down 5.5% in FY2025-26.
Industry backs PM's manufacturing, semiconductor push as key to global value chains
Industry leaders welcome PM Modi's Independence Day focus on manufacturing, semiconductors and MSMEs, calling it a shift toward global value-chain leadership.
Talent crunch threatens India's GCC edge as firms weigh alternatives
Skill shortages are pushing some global firms to move GCC mandates away from India, with delays and rising costs reported by a majority of centres.
Retail earnings and Fed minutes to test markets this week
Major retailers report quarterly earnings this week, while the Fed releases minutes from its July policy meeting.
Maharashtra suspends permits of 12 quick-commerce warehouses in hygiene crackdown
Maharashtra's food safety drive has suspended permits of 12 warehouses run by Blinkit, Zepto and Swiggy Instamart after inspections found cockroach infestations, rodent droppings and other hygiene violations.
AI to Push Indian Banks Beyond Digitisation, Says FICCI-IBA-BCG Report
A new report says Indian banks must move beyond digitisation, using agentic AI to automate complex tasks and free staff for higher-value work.
India to Remain Among Fastest-Growing Economies, SBI Research Says
SBI Research says India will stay among the fastest-growing economies, citing strong credit, deposits, and corporate performance.
Textile-Apparel Exports Dip 1.84% in April-July as Apparel Shipments Slump
India's textile-apparel exports fell 1.84% to $11.96 billion in April-July, with apparel down 10.52% but textiles up 5.38%.
India's internet economy poised for long-term expansion, says brokerage
Morgan Stanley sees sustained growth for India's internet economy, with food delivery and e-commerce logistics set for major expansion.
RBI's Early FCNR Window Closure Unlikely to Dent Banking System Gains
RBI's early closure of the FCNR(B) window is unlikely to hurt banks, as inflows of $52.3 billion have already boosted liquidity and eased funding costs.
India scraps petrol export duty, keeps diesel and ATF levies unchanged
India has reduced the export levy on petrol to nil for the August 15-31 fortnight, while retaining duties of Rs 24 per litre on diesel and Rs 19.5 per litre on ATF.
WPI Inflation to Stay Elevated in FY27; Retail Pass-Through Seen Limited
Wholesale inflation remains high at 9.8% in July, with FY27 outlook elevated due to food and fuel costs. Retail inflation pass-through expected to be limited.
H-1B Extension Fee: A Recurring Cost That May Not Deter Retention
US expands H-1B extension fees to more employers from Sept 9. Experts say retention value may outweigh the recurring cost.
Anthropic's IPO valuation hinges on $200 billion 2028 revenue forecast
Anthropic's IPO valuation is being built on a projected $190-200 billion revenue for 2028, with investors using forward multiples from Cloudflare, Palantir, and SpaceX.
Cosan narrows Q2 loss, revamps leadership and exits NYSE
Cosan's Q2 net loss fell 66% year-on-year to R$320 million, aided by lower interest costs. The firm also named a new CFO and will delist from the NYSE.