Economy News ( English version)

The deal marks one of the largest IT-led GCC build-operate-transfer engagements, with Infosys set to run a 4,500-employee centre before handing it over after five years.

Neo Alternative Asset Managers is targeting a ₹5,000 crore corpus for the fund to back operating road and renewable assets, aiming for an 18–20% internal rate of return.

Indian companies are training blue-collar workers in AI, Python and error-proofing tools to boost safety, efficiency and quality. Unlike white-collar roles facing layoffs, shopfloor jobs are being augmented. While adoption is growing, challenges remain in motivation and digital skills.

Sahi plans to invest the funds to scale its user base and expand into new categories. 

Elon Musk took the stand on the second day of his landmark lawsuit against OpenAI, testifying that he founded the AI company as a nonprofit to benefit all of humanity. He accused Sam Altman of betraying those founding principles.

India has approved a significant ₹3,000-crore currency swap for the Maldives. This move aims to bolster the island nation's economy under the SAARC framework. The facility will help the Maldives manage foreign exchange needs and economic pressures. This support underscores the strong partnership between India and the Maldives.

This week, the Finance Ministry is set to evaluate the advancements in financial inclusion, laying the groundwork for Financial Inclusion 2.0. Officials will scrutinize existing initiatives such as the Atal Pension Yojana.

In a bid to streamline tax compliance, India's markets regulator Sebi is actively negotiating with the CBDT, the country’s tax authority. The proposal on the table suggests that foreign portfolio investors (FPIs) should have the autonomy to designate authorized signatories.

In a bid to strengthen worker protections, the Labour and Employment Ministry is launching a comprehensive inspection program. This proactive approach will target businesses that fail to register with the Employees' Provident Fund Organisation.

India is pushing forward with trade deals. Negotiations for a free trade agreement with Canada are speeding up. Talks are also underway with Chile and Peru. However, discussions with the Gulf Cooperation Council have been temporarily halted due to the ongoing conflict in West Asia. India plans to waive intellectual property fees for sporting goods for three […]