Economy News ( English version)

Reliance Consumer Products is expanding by acquiring regional legacy brands rather than digital-first startups. The strategy taps loyal local customer bases and plugs them into Reliance’s vast retail network to scale nationally.

PhonePe is heading to an IPO valuing it at a likely $10.5 billion, a significant milestone for a company that is just 10 years old. But, the digital payments platform's unusually high Esop bill, estimated at $1.4 billion, is emerging as more than an optics challenge.

ER&D firms that build complex hardware and the associated software may be less vulnerable to the AI apocalypse. The reason: Much of their work goes into creating physical products, with repetitive and software work contributing only a small part.

Banco Safra SA paid 11 billion reais ($2 billion) in dividends and interest to the owners of its parent company in 2025, ahead of higher taxes that will kick in this year.

South Korea’s top power equipment maker, HD Hyundai Electric Co., is accelerating its US expansion, betting that demand for transformers and switchgear will surge as the artificial intelligence “supercycle” drives a new wave of power consumption.

Geopolitical tensions in West Asia are likely to keep crude oil prices high. This could increase India's inflation by up to 20 basis points in FY27. Economists suggest fuel retailers might absorb some costs, limiting immediate consumer price hikes. Higher oil prices may also affect economic growth and widen the current account deficit.

India is stepping into the future of farming with the integration of artificial intelligence. New initiatives such as AgriStack and Bharat VISTAAR are on the horizon, designed to offer customised guidance to farmers facing the challenges of unpredictable climates and variable market trends.

In a trade notice, the DGFT said that new MSMEs, involved in international value chains through e-commerce with prior domestic e-commerce experience shall also be eligible, subject to a minimum of one year of regular domestic e-commerce operations.

India is vulnerable to energy supply shocks, ​with crude oil stocks covering only about 25 days of demand and about ​40% of its petroleum ⁠imports flowing ‌through the Strait of ​Hormuz.

India's fertiliser stocks are at their highest before the kharif season. This assures farmers that domestic supplies are secure despite global tensions. Total reserves have increased significantly. Farmers can proceed with preparations without worry. The government is importing more fertilisers and has secured long-term supply agreements. Gas allocation […]