Economy News ( English version)

Private and independent universities have capital to deploy, but experts say the issue lies in how it is allocated and whether it is directed towards the right areas.

With India contributing the bulk of its volumes, the intracity delivery platform is shifting towards enterprise clients and tighter unit economics as competition moves beyond speed.

Axis Bank Trustee Services chief executive Rahul Choudhary said the role of the trustee should entail ensuring the right clauses are included in the agreement and that the asset is closely monitored throughout.

SpaceX said it has an agreement with AI coding startup Cursor, securing an option to acquire the firm for $60 billion or invest $10 billion in a joint venture, as Elon Musk pushes to dominate the AI coding race ahead of a record IPO.

HORSERACING-CHURCHILLDOWNS/:Horse racing-Churchill Downs to buy Preakness intellectual property for $85 mln

The Good Rice Alliance is an entity equally held by three global companies: German pharmaceutical and agrochemical maker Bayer, GenZero of Singapore investment firm Temasek and Shell Nature-Based Solutions of energy major Shell.

India’s seafood exports to the US fell 19.8% in volume and 14.5% in value in FY26, hit by reciprocal tariffs, the commerce ministry said. However, overall exports hit a record $8.28 billion. Growth in China, the EU and Southeast Asia helped offset the US decline.

India and Taiwan have requested the WTO's dispute settlement body to postpone a ruling on India's import duties on ICT products until October 27. Both nations are actively engaged in mutual discussions to resolve the dispute. This marks the ninth such delay, as previous requests were also granted.

Mango processors in Andhra Pradesh face export challenges. A significant quantity of mango pulp is stuck due to shipping lane disruptions. Processors are requesting government support. They seek equity capital and credit guarantees. Moratoriums on loan payments are also requested. Inclusion in export facilitation schemes is a priority.

The MoU creates a structured framework for collaboration between the two countries, enabling continuous dialogue on key MSME issues and encouraging exploration of mutually beneficial opportunities, the ministry said in a statement.