Economy News ( English version)

JSW Group is developing its own electric bus platform, vehicle control unit and battery packs to gain a cost and technology edge in India's competitive e-bus market. The move supports aggressive government tender bids and marks a more self-reliant strategy than its passenger vehicle business.

Anthropic's Claude Mythos remains off-limits for now, but it is only a matter of time before cyber-attackers develop similar weapons and cause a rise in breaches, says Palo Alto Networks president BJ Jenkins. Meanwhile, Indian companies are raising defences.

The deal could attract private equity and strategic investors as interest in profitable manufacturing grows amidst changing market demands.

The US FDA is trying to secure supplies of ifosfamide, a cancer treatment in short supply due to manufacturing disruptions. IDMA is gathering information on potential Indian suppliers to address the ongoing drug shortage in the US.

Naukri founder Sanjeev Bikhchandani said his AI startup investments have more than doubled since 2020, days after India's first AI unicorn, Sarvam, raised $234 million. 

The MPC members had voted for a status quo in the June policy, citing resilient growth and the need to assess inflation impact while stating that the MPC would closely monitor incoming data. The Reserve Bank of India has projected FY27 growth at 6.6% in the June policy, while the economy expanded at 7.7% in the January-March quarter, exceeding earlier estima […]

Indian law firms are actively seeking UK partnerships ahead of a free trade agreement, anticipating a surge in cross-border legal work. This pact is expected to boost demand in sectors like real estate, M&A, and tax, creating new opportunities. While some firms are forming direct alliances, others are collaborating on a project basis, leveraging shared l […]

Goyal said he would be "happy" if a deal is finalised before July 24, when Washington's temporary 10% tariff on trading partners is due to expire. However, he reiterated that India does not negotiate to deadlines.

The communication, dated June 16, a copy of which was seen by ET, also mandated each zone to submit a report to the Directorate of Tax Research and Analysis by July 31.

Global economic fragility persists despite a US-Iran truce, with risks of renewed inflation and supply disruptions if tensions re-escalate. However, India remains well-positioned due to strong fundamentals like steady growth and anchored inflation. While a weak monsoon poses a domestic challenge, the nation's external sector shows resilience, supported […]