Economy News ( English version)

The deal with L&T Technology Services comes as AM Group advances plans to invest about $25 billion to build a 1 GW high-performance computing hub in Uttar Pradesh, underscoring its push into AI infrastructure.

Palantir CEO Alex Karp stated that individuals with vocational training or neurodivergent traits should not fear AI's rise. He emphasises the importance of unique skills and creativity as a special weapon in the AI era.

Everstone-backed Subway India has begun IPO preparations to raise up to $150 million, as India’s $80-billion food services market expands at double-digit growth.

As international travel declines due to the West Asia war, India's luxury retail market is seeing increased domestic spending. Brands are report a strong March, with affluent Indians continuing to shop while some segments show varied consumption patterns amid rising costs.

Italian fashion retailer OVS plans to make India its largest market outside Italy, betting on family fashion, offline expansion and competitive pricing amid intense retail competition.

India faces a potential Rs 20,000-25,000 crore increase in its fertiliser subsidy bill. Domestic production of fertilisers may also fall by 10-15 percent. These impacts stem from ongoing Middle East conflicts disrupting raw material and fertiliser imports. The government's allocation of gas and existing inventory offer some buffer. However, the industry […]

Iran War: Rattling oil markets and predictions of $150 per barrel are forcing a reevaluation of cheap energy's long-held economic assumptions. This price shock, rather than a catastrophe, could be a necessary correction, aligning incentives and accelerating the shift towards renewable energy and digital transformation.

Eastern India's exports face severe disruption due to the West Asia crisis. Freight rates to Europe and the US have surged by 60-80 percent. Hundreds of containers are stranded at Kolkata port. Production is squeezed, and exporters are experiencing significant drops in export volumes. Shipping lines are not accepting new containers, creating uncertainty […]

India's gold industry is shifting focus from buying to investing. The nation aims to reduce its reliance on imported gold by boosting local refining and recycling efforts. Plans are underway to make India a global center for gold refining and trading. These changes will position India for a greater role in worldwide gold markets.

Iran War: Asian economies are struggling as a surging dollar, driven by Middle East conflict and investor flight to safety, weakens their currencies. This exacerbates already high energy costs, with countries like India and South Korea facing significant economic strain and implementing energy-saving measures.