The Indian Tea Association warns that higher freight costs and geopolitical disruptions are hurting export volumes in FY26.
Month: May 2026
Sovereign Bond Yields Rise 50 bps Across Advanced Markets Amid West Asia Crisis
Yields on 10-year bonds in Japan, UK, US, Canada and several other markets have risen sharply since the start of the Iran conflict.
India-Italy Special Strategic Partnership Includes INNOVIT Joint Innovation Hub
As part of the newly upgraded bilateral relationship, India and Italy have launched INNOVIT, a joint innovation hub to foster technology collaboration.
India’s Current Account Deficit Rises to $13.2 Billion in December Quarter
India’s CAD widened to 1.3% of GDP in Q3 FY26, mainly driven by a larger merchandise trade gap, according to official data.
India Private Sector Activity Remains in Expansion Territory in May Says HSBC Flash PMI
HSBC’s flash PMI data shows India’s private sector continues to grow in May 2026, though the pace of expansion has softened slightly.
Meta Lays Off 10 Percent of Workforce and Redirects Thousands to AI Projects
Meta has announced layoffs affecting roughly 10% of its global workforce as it realigns resources toward new generative AI initiatives.
Anthropic Signs $1.25 Billion Per Month Compute Deal With SpaceX’s Colossus Supercomputers
SpaceX’s S-1 reveals Anthropic will pay $1.25 billion monthly through May 2029 for access to the Colossus and Colossus II supercomputers.
OpenAI Confirms Plans to Go Public Later in 2026
OpenAI has officially confirmed it intends to pursue an IPO in 2026, reportedly targeting a fall listing after SpaceX’s expected June-July debut.
Meta Raises 2026 Capex Guidance to $125–$145 Billion for AI Infrastructure
Mark Zuckerberg signals an even more aggressive AI spending plan as Meta reported 33% year-on-year revenue growth in Q1 2026.
SpaceX Files S-1 for What Could Be the Largest IPO in History
SpaceX has formally filed its prospectus ahead of what analysts expect to be the biggest public offering ever, targeting a valuation exceeding $1 trillion.