Indian businesses are accelerating Generative AI deployment, with nearly half integrating it into core operations. Despite this rapid adoption, most companies are cautiously allocating less than a fifth of IT budgets to AI and ML. Leaders anticipate significant business reshaping and are focusing investments on performance-driven functions, while also embracing external innovation and hybrid development…
India’s economic growth and social inclusion are setting a global example, according to UNDP’s Acting Administrator Haoliang Xu. He highlighted the nation’s technology-driven approach, participatory governance, and climate action as a blueprint for balancing development with sustainability, ensuring no one is left behind. Flagship programs and digital innovations are key to this success.
The government’s e-Jagriti platform has successfully resolved nearly 1.30 lakh consumer grievances since its January launch, with over 2 lakh users, including NRIs, registering. The unified system, featuring multilingual support and digital tools, has significantly improved redressal efficiency nationwide. NRIs can now file complaints remotely, with the US leading in such cases.
India’s top companies saw a significant market capitalization boost last week, with eight of the ten most valuable firms adding over Rs 2.05 lakh crore. Bharti Airtel and Reliance Industries led the surge, contributing substantially to the overall market recovery. Despite some declines, benchmark indices ended the week higher, driven by positive sentiment in key…
Yamaha Motor India is targeting a significant 25% surge in exports this year, positioning its Chennai plant as a primary global export hub, especially for advanced economies like the US and Europe. This strategic move follows a successful expansion into European markets from the Chennai facility, which already exports various popular models.
India’s retail market is poised for a massive $1 trillion expansion by 2030, driven by rising incomes and digital adoption. Expect a significant shift from traditional stores to e-commerce, quick commerce, and direct-to-consumer brands. New-age digital brands are scaling rapidly, catering to a confident, modern, and increasingly regional Indian shopper.
Food inflation is expected to remain controlled in the latter half of FY26 due to favorable monsoons and sowing conditions. However, an adverse base effect could lead to higher food inflation in FY27, despite current wholesale inflation easing to a two-year low. Declines in vegetable, cereal, and pulse prices have significantly contributed to this trend.
Galeries Lafayette has launched its first Indian store in Mumbai, aiming to capture the nation’s vast consumer market. Despite the promising growth of India’s luxury sector, global brands face significant hurdles including high import duties, complex bureaucracy, and strong competition from local designers, necessitating cultural adaptation for success.
Former Federal Reserve Governor Adriana Kugler reportedly violated strict trading rules multiple times before her abrupt August resignation. Disclosures reveal over a dozen stock transactions in 2024, including significant Apple shares, during prohibited blackout periods. Despite claims her husband acted without her knowledge, requests for ethics waivers were denied, prompting her departure.
Serbia faces a critical juncture as the US demands complete withdrawal of Russian ownership from its largest oil company, NIS, to lift sanctions. Failure to comply by February 13 could trigger a severe energy crisis, forcing Belgrade to consider nationalizing NIS, a move met with internal resistance. The Serbian government is urging Moscow to understand…
