Moody's Ratings has slashed India's economic growth projections for the current fiscal to 6%, from 6.8% earlier. The credit ratings agency said the US-Israeli war against Iran and its impact on the global energy market will weigh on India's growth momentum and heighten inflation risks.
Thousands of Oracle employees in India have received layoff notices as part of what the company described as a 'reduction in force and other terminations.' Indian outlets said between 10,000 and 12,000 employees in the country could be affected.
No team in the Indian Premier League had ever sold for more than $1bn until a consortium backed by US businessmen agreed on Tuesday to buy the Rajasthan Royals in a deal valued at $1.63bn.
Apple is now manufacturing 25% of its iPhones in India - hitting a milestone JPMorgan predicted back in 2022 - as part of its long-term plan to reduce its reliance on China. Last year, India accounted for 55 million iPhones of the roughly 220 million to 230 million produced worldwide.
Anutin Charnvirakul's re-election is more a vote for the status quo than a conservative reaction to the country's progressive changes. Voting Bhumjaithai means no major changes expected at a time where polls have shown the majority of Thais worry the most about economic insecurities and precarity.
"I don't think the tax conversation is productive because we are going to be 100% higher than New Jersey if we take that proposal. New Jersey's current corporate tax rate is 11%. If we do what the Mayor has recommended, will be at 22% - 100% over New Jersey," Steve Fulop, the new CEO of the Partnership for The City of New York said Sunday on 77 WABC's the "Cats Roundtable" program.
Under current rules, once a business exceeds £90,000 in taxable turnover, it must register for VAT and charge 20 per cent on most goods and services. Registration also brings quarterly reporting requirements and compliance costs, often requiring specialist accounting support.
Indian Prime Minister Narendra Modi's government has unveiled its annual budget, aiming for steady growth in an uncertain global economy rocked by recent tariff wars. Finance Minister Nirmala Sitharaman presented the budget for the 2026-2027 financial year in Parliament on Sunday, prioritising infrastructure and domestic manufacturing, with a total expenditure estimated at $583bn. India's economy has so far weathered punitive tariffs of 50 percent imposed by United States President Donald Trump over New Delhi's imports of Russian oil.
India's top court has ruled against Tiger Global in a tax case stemming from its Flipkart exit during Walmart's 2018 takeover, a decision that strengthens New Delhi's ability to challenge offshore treaty structures and could raise tax risk for global funds counting on predictable exits from one of the world's fastest-growing major markets. On Thursday, the Indian Supreme Court backed the tax authorities in a dispute over whether Tiger Global could use its Mauritius-based entities to claim protection under the India-Mauritius tax treaty
Deere & Co. ( NYSE: DE) ranks sixth for its positioning in India's agricultural mechanization drive, where significant productivity gaps represent a substantial equipment opportunity. Deere reported Q4 2025 revenue of $12.39 billion, up 14% year-over-year. Its Construction & Forestry segment surged 27% to $3.38 billion, demonstrating strength in infrastructure-related markets. CEO John May stated, "We believe 2026 will mark the bottom of the large ag cycle," positioning the company for recovery as emerging markets drive demand.
Blackstone announced on Monday it was leading a $600 million equity investment in Indian AI cloud startup Neysa, while chip giant AMD announced an expanded partnership with Mumbai-based Tata Consultancy Services to deploy up to 200 megawatts of AI infrastructure capacity in India.Blackstone's multi-million-dollar commitment to Neysa will help deploy more than 20,000 GPUs for AI training in India, while AMD's partnership with TCS aims to support India's sovereign AI initiatives and accelerate enterprise deployments.
The deal would forge a market of two billion people and nearly a quarter of global GDP, according to the European Commission. Follow DW for more. EU and India conclude trade negotiations after nearly two decades of on-off negotiationsImage: Altaf Hussain/REUTERS Skip next section What you need to know EU and India have finalized a trade deal after nearly two decades of negotiations
Now platforms have three hours to remove content requested by authorities. Previously, they had a 36-hour window to take down such content. Under India's IT rules, authorities can order the removal of content deemed illegal under any of its laws, including those related to national security and public order. India's new rules require labelling of AI content It will also be mandatory for platforms like Instagram, TikTok, Facebook and YouTube to clearly label what the government calls "synthetically generated information."
After nearly two decades of negotiations, India and the European Union announced Tuesday they have reached a free trade agreement to deepen economic and strategic ties. The accord, which the EU chief described as the "mother of all deals," could affect as many as 2 billion people. The deal between two of the world's biggest markets comes as Washington targets both India and the EU with steep import tariffs, disrupting established trade flows and pushing major economies to seek alternate partnerships.
According to information provided to Reuters, India is considering a new security requirement that could require smartphone manufacturers to share their source code with the state. The proposal is part of a package of 83 security standards designed to strengthen protection against data breaches and fraud. The requirements include that manufacturers must allow Indian authorities to review the source code in special test labs and notify the government before major software updates are released.
The steep hikes by Mexico have devastated several Indian industries already reeling under crushing US tariffs. Kolkata, India Pankaj Chadha has been running a steel manufacturing unit in Mumbai, India's financial capital, for the past four decades. The 65-year-old told Al Jazeera that his company exports products mostly to the United States and Mexico, where they are used in various industries.
