- Why is Bank of Baroda paying $600 million to settle a case?While the bank has asserted that the settlement was reached without any admission of liability, it has revived allegations by NMC founder B.R. Shetty, who has long accused senior Bank of Baroda officials of colluding with former NMC executives in a fraud that caused the healthcare group’s collapse.
- New KPI on the block: Indian companies from banking to consulting start appraising leaders on AI implementationIndia Inc is stitching AI adoption into senior leadership performance appraisals. Companies like Axis Bank now demand measurable AI outcomes, signaling a shift from experimentation to accountability-driven AI integration.
- Quick commerce, alcohol moderation fuel India's zero-proof drinks market as liquor giants, startups widen betsGrowing consumer interest in alcohol moderation is driving India's zero-proof beverage market. Brands such as Sober and Catwalk are expanding product portfolios and distribution, though profitability remains challenged by rising costs and competition.
- Kunal Shah may have expected WhatsApp Pay's challenges. He didn't see the username battle comingWhatsApp's introduction of usernames in India has sparked controversy, leading the government to request a halt for review. Kunal Shah, the new global head, faces challenges in enhancing the platform's payment services amid scrutiny of user data safety and cybercrime prevention.
- Microsoft partners with Singapore's Lightstorm to build India-Southeast Asia undersea cableA consortium including Microsoft and Lightstorm plans to build the I-2SEA undersea cable connecting India, Malaysia, and Singapore, aimed at supporting AI and cloud infrastructure. The 3,600 km cable will be operational by late 2029, enhancing India's data capacity significantly.
- India pushes to upgrade ASEAN FTA, advances talks on CECA with Australia July 4, 2026India is actively engaged in upgrading its trade agreements with ASEAN partners, aiming to liberalize the ASEAN-India Trade in Goods Agreement. Simultaneously, New Delhi is progressing towards a comprehensive economic cooperation agreement with Australia. These efforts underscore India's commitment to strengthening economic ties across the region, with […]
- India extends anti-dumping duty on US, Malaysia, South Africa butyl alcohol July 3, 2026India has extended anti-dumping duties on butyl alcohol imports from the US, Malaysia, and South Africa for five more years. This move aims to protect local manufacturers from unfairly priced foreign products. The Directorate General of Trade Remedies found that removing the duty could lead to a surge in dumped imports, harming domestic producers. This ensur […]
- Apps blocked over EV shutdowns, focus turns on auto cybersecurity July 3, 2026Authorities are intensifying scrutiny of vehicle cybersecurity after blocking several mobile apps used to remotely disable electric two- and three-wheelers. The government is now reviewing safety protocols of all automakers, especially those with extensive tech integration, due to fears of hacking. Consultations with manufacturers are planned to assess and p […]
- Operationalising GST refunds for foreign tourists to promote retail exports: FIEO July 3, 2026Exporters' body FIEO has urged the government to implement GST refunds for foreign tourists to boost tourism and retail exports. They also called for an 'Apex Green Transition Fund' to support cleaner technologies and for priority sector export credit to be extended, citing a significant decline in credit availability that's hindering MSM […]
- Over 800 Chinese entrepreneurs attend India investment conference in Hangzhou July 3, 2026Hangzhou, China, buzzed with over 800 Chinese business leaders, investors, and tourism professionals at a pivotal conference. Organized by the Indian Consulate in Shanghai, the event spotlighted India's burgeoning investment prospects, focusing on trade, technology, and tourism. Discussions revolved around AI, supply chains, and innovation, underscoring […]
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