Economy News ( English version)

Toyota's CEO Koji Sato steps down after three years, transitioning to vice chairman as Kenta Kon takes over. The change aims to address growing scrutiny over the subsidiary buyout and enhance decision-making amid industry disruptions.

Sam Altman-led OpenAI launched GPT-5.3-Codex, which is a fast, agentic model that it believes goes beyond coding and can handle research and workflows. Rival Anthropic's Claude Opus 4.6 focuses on long-running tasks and deep reasoning.

India now ranks among Bath & Body Works’ top five international markets by growth, underscoring the country’s role as a strategic lever in its global recovery.

During an all-hands meet at Apple's Cupertino, California, headquarters on Thursday, Tim Cook talked about the company's 50th anniversary, AI advancements, and the memory chip shortage. The Apple CEO also talked about the company's growth in markets such as India and Malaysia.

In a press release, Walmart said that 3,000 pharmacy technician roles were elevated to operations team lead positions, increasing their average pay to $28 per hour from $22.

India's imports from China have seen a significant drop in 2024-25. Sectors like fertilizers, chemicals, iron, steel, and man-made yarn show reduced import figures. Mobile phone imports have also fallen sharply. Conversely, India's mobile phone exports have experienced a massive increase. The government is encouraging diversification of supply chai […]

Interest rates are expected to stay low and potentially fall further, according to RBI Governor Sanjay Malhotra. He indicated that deposit rates will also adjust downwards. Trade deals are projected to boost GDP by about 20 basis points, and incentives for data centers are anticipated to attract significant foreign investment. The RBI is confident in managin […]

Reserve Bank of India Governor Sanjay Malhotra stated that an India-US trade deal's impact on the Indian Rupee hinges on its specific details. The Rupee has recently appreciated, trading near an all-time high, supported by foreign bank dollar sales and reduced short bets, despite ongoing corporate dollar demand.

The US DEA dismantled an India-linked online fentanyl network, seizing over 200 domains tied to deadly overdoses. Authorities stressed growing US-India cooperation to stop drug trafficking upstream, as fentanyl remains a major threat despite falling overdose deaths.