Amazon’s announcement of a $35 billion investment in India’s cloud and AI ecosystem by 2030 has triggered a fierce backlash from sections of the American conservative base, particularly MAGA‑aligned commentators, who accuse the tech giant of “funding America’s replacement.” The criticism erupted across social media shortly after Amazon revealed its expansion plans, which build on…
China’s massive $1 trillion trade surplus has once again come under scrutiny, with Nilesh Shah, a prominent market expert and member of India’s Economic Advisory Council to the Prime Minister (EAC-PM), arguing that the surplus is not solely the result of innovation and competitiveness but is significantly aided by an undervalued yuan. His remarks highlight…
The Reserve Bank of India (RBI) has announced that it will conduct a $5 billion USD/INR buy/sell swap auction on December 16, a move aimed at managing liquidity in the banking system and stabilizing the foreign exchange market. This strategic intervention underscores the central bank’s proactive approach to balancing currency volatility, ensuring adequate dollar liquidity,…
India’s agricultural sector is poised for a significant transformation, with growth projected to reach 4% by FY26, according to a senior member of NITI Aayog. This announcement comes at a crucial time when the farm sector is being recognized as the backbone of India’s economy, employing nearly half of the workforce and contributing substantially to…
Telangana Chief Minister A. Revanth Reddy has set an ambitious target of transforming the state into a $3-trillion economy by 2047, coinciding with India’s centenary of independence. Speaking at a prestigious global investment summit, Revanth highlighted Telangana’s rapid strides in attracting foreign direct investment (FDI), technology partnerships, and infrastructure projects. The summit witnessed major announcements…
In a dramatic development that has sent shockwaves through India’s corporate and financial circles, the Central Bureau of Investigation (CBI) has booked Jai Anmol Ambani, son of industrialist Anil Ambani, in connection with an alleged cheating case involving Rs 228.06 crore. The case, which has drawn widespread attention, underscores the growing scrutiny of high-profile business…
India’s ambitious Research and Development Innovation (RDI) Fund has been positioned as a game-changer for the country’s deep tech ecosystem. According to Department of Science and Technology (DST) Secretary Abhay Karandikar, the fund will be considered a true success if an initial investment of Rs 1 lakh crore can catalyse Rs 10 lakh crore in…
The Indian rupee witnessed a sharp depreciation in morning trade, breaching the psychological 90-level mark against the US dollar for the first time. Opening at 90.06, the currency’s slide reflects mounting global pressures, domestic challenges, and investor sentiment that has tilted towards safe-haven assets. The development has sparked intense debate among economists, policymakers, and market…
India’s leading investment platform Groww has achieved a major milestone by securing an online bond distribution licence from the Securities and Exchange Board of India (SEBI). This development marks a significant expansion of Groww’s offerings beyond equities, mutual funds, and ETFs, enabling retail investors to access bonds seamlessly through its digital platform. The licence positions…
Nvidia’s charismatic CEO Jensen Huang has revealed the intensity of his work ethic, admitting that he works seven days a week, including holidays, and lives “always in a state of anxiety.” His candid remarks shed light on the relentless demands of leading one of the world’s most valuable technology companies, especially at a time when…
