Economy News ( English version)

US Commerce Secretary Howard Lutnick warned Anthropic PBC in a letter last week that it would need government permission to grant foreign nationals access to its most advanced AI models and threatened criminal and civil penalties if the firm failed to comply, according to a copy obtained by Bloomberg News.

KIMS launched a ₹1,500 crore QIP on Tuesday, offering 19.86 million fresh shares at ₹755 apiece—a 3% discount to market price. Most of the proceeds will retire debt at the listed entity and three subsidiaries, with listing of new shares expected by 25 June.

Justice M Nagaprasanna passed the order while allowing the trio's petitions challenging their arrest.

BigBasket has appointed Amazon India’s Amit Nanda as its first external CEO, amid noise about parent Tata Digital’s dissatisfaction with the company’s financial performance.

Microsoft president Brad Smith says tech leaders are wrong, hypocritical, and harmful in how they talk about AI and jobs. Here is what he says the industry must change.

The government's push for non-tax revenue is off to a strong start, with public asset monetisation nearing 30% of last fiscal year's total and disinvestment income already close to its FY26 proceeds. Efforts are being ramped up to exceed the combined FY27 disinvestment and asset monetisation target of ₹80,000 crore.

India faces its weakest monsoon in 11 years. Agriculture Minister Shivraj Singh Chouhan has instructed states to prepare contingency plans for districts likely to experience low or uneven rainfall this kharif season. The government is focusing on water conservation and alternative cropping patterns. Efforts are also underway to boost cotton production throug […]

India's Comptroller and Auditor General, K Sanjay Murthy, urged state governments to fully disclose their off-budget borrowings. He highlighted that these liabilities have reached ₹90.51 lakh crore. States are advised to reduce these debts over time. Accurate reporting is crucial for understanding the true scale of state finances and ensuring fiscal tra […]

The Finance Ministry will soon meet with states and central ministries to assess the economic and fiscal impact of El Nino. This review will focus on potential stress on agriculture, food inflation, and increased subsidy outgo. The government is preparing relief packages for vulnerable districts. This proactive approach aims to ensure adequate supplies and m […]