India’s high public capital expenditure at 3.4 percent of GDP continued to underpin growth even as global trade headwinds intensified.
Tag: Business
Apple CEO Tim Cook Steps Down and Announces Gemini-Powered Siri at Final Event
Tim Cook announced his retirement as Apple CEO while unveiling a major revamp of Siri powered by Google’s Gemini AI model.
Cognition’s Devin AI Coding Agent Raises 1 Billion Dollars at 26 Billion Dollar Valuation
AI coding agent startup Cognition raised $1 billion in new funding valuing Devin the autonomous coding assistant at $26 billion.
India’s SVANidhi Credit Card for Street Vendors Celebrated as Financial Inclusion Success
The government highlighted the SVANidhi credit card scheme for street vendors as a landmark financial inclusion achievement under the Modi government.
Anthropic Valued at 965 Billion Dollars After Record 65 Billion Dollar Fundraising Round
Anthropic’s latest funding round of $65 billion valued the AI safety company at $965 billion post-money surpassing OpenAI’s private valuation.
SoftBank Commits 75 Billion Euros to Build 5 Gigawatts of AI Infrastructure in France
SoftBank announced a massive €75 billion commitment to develop 5 gigawatts of AI infrastructure capacity across France.
India Exports Face Pressure From US Tariffs on Textiles Seafood and Auto Components
US tariffs on Indian goods including textiles and seafood continued to pressure Indian MSME exporters and labour-intensive sectors.
India RBI Fiscal and Labour Policy Reforms Flagged as Key to 2026 Growth
Deloitte’s India economic outlook highlighted reforms in fiscal monetary and labour policies as crucial levers for sustaining growth.
Stargate AI Infrastructure Project Links SpaceX Oracle and OpenAI in 500 Billion Dollar Commitment
The Stargate project involving SpaceX Oracle and OpenAI progressed with $500 billion committed to build AI data centers across multiple US states.
Global AI Market Investment Race Intensifies Ahead of Anthropic and OpenAI IPOs
The AI investment landscape heated up ahead of planned IPOs from Anthropic and OpenAI amid surging demand for AI infrastructure.