Global Business Insights
In a major strategic move poised to reshape the global IT and business process management (BPM) landscape, French technology consulting giant Capgemini has announced its plan to acquire Indian-origin BPM firm WNS Global Services for approximately $3.3 billion. This all-cash deal marks one of the largest acquisitions in the IT-BPM sector in recent years and…
In a strong show of investor confidence, Dassault Aviation’s share price surged on Monday, following India’s categorical denial of reports suggesting that it had lost Rafale fighter jets during the recently concluded Operation Sindoor. The rally comes as a reassurance to stakeholders who were concerned about the potential dent in the Rafale programme’s credibility and…
The US dollar has recorded its worst start to a year in over five decades, dropping by nearly 10% in the first half of 2025 against a basket of major currencies, as per market data released this week. Economists and strategists are warning of a prolonged period of weakness, driven by shifting global interest rate…
The Alberta government has reportedly secretly settled multiple lawsuits worth billions of dollars with major coal companies, sparking outrage among environmental groups, Indigenous communities, and citizens who accuse the province of betraying public interest to protect corporate allies. Background: The Coal Policy Flip-Flop The controversy stems from Alberta’s 2020 reversal of its 1976 Coal Policy,…
California, July 4, 2025:The escalating impact of former US President Donald Trump’s tariffs continues to ripple through American industries, with the latest casualty being Ghirardelli Foods, a 139-year-old San Francisco-based chocolate and confectionery giant, which has filed for Chapter 11 bankruptcy protection this week. The Legacy That Faces An Uncertain Future Founded in 1886 by…
Walmart’s Vriddhi Supplier Development Program, launched in India to empower micro, small, and medium enterprises (MSMEs), has now evolved into a global standard, according to Jason Fremstad, Senior Vice President, Supplier Development, Walmart. Speaking about Vriddhi’s international expansion, Fremstad said that what began as a focused initiative to accelerate Indian MSMEs into modern retail supply…
Elon Musk’s artificial intelligence startup xAI has successfully raised $5 billion in its latest funding round, with Morgan Stanley, the lead banker on the transaction, describing the deal as “massively oversubscribed.” This fundraising marks a crucial step for xAI as it accelerates its plans to compete with global AI leaders like OpenAI, Google DeepMind, Anthropic,…
In a landmark administrative reform, the Uttar Pradesh Tax Department has announced the merger of 436 sections into 364, aimed at streamlining operations, rationalising workload, and improving taxpayer services across the state. The move is part of a broader governance restructuring initiative under Chief Minister Yogi Adityanath’s administration to enhance efficiency, transparency, and departmental accountability….
India’s pharmaceutical sector has showcased remarkable resilience and growth, clocking exports worth $5 billion in April and May 2025, according to data released by the Pharmaceuticals Export Promotion Council of India (Pharmexcil). This performance highlights sustained global demand for Indian generic drugs, vaccines, and Active Pharmaceutical Ingredients (APIs) amid economic headwinds and geopolitical disruptions. Key…
In a development that has sparked global curiosity and debates around sovereignty, innovation, and utopia-building, Indian-American investor and entrepreneur Nithin Reddy has reportedly purchased an island in the South Pacific with an ambitious vision to build a “new country” exclusively for founders, engineers, scientists, and tech professionals. The announcement came via a social media post…
