OpenAI projects up to $14 billion in losses by 2026 despite aiming for $100 billion annual revenue by 2029, as the industry grapples with unsustainable costs and subsidised growth strategies. The cheapness of modern AI subscriptions can make the economics…
Distressed homebuyers of Unitech Ltd are pressing for a swift rescue plan amid concerns over vacant leadership, funding gaps, and prolonged delays in delivering homes, as courts and authorities face mounting pressure to act. Distressed homebuyers of Unitech Ltd are…
India’s economy ended the week with robust tax and export growth, but persistent inflation and rising debt levels pose ongoing challenges, as policymakers chart their long-term growth strategy. India’s economy ended the week with a mixed signal: tax receipts and…
The White House’s allegations of Chinese goods rerouted through third countries, including India, risk escalating trade tensions and disrupting India’s manufacturing ambitions amid US tariffs and investigations. The White House’s latest attack on transshipment has put India back in Washington’s…
Kerala’s Special Investigation Team has escalated its inquiry into suspected GST evasion connected to foreign remittances for a cancelled plan to bring Lionel Messi and the Argentina team to Kochi, prompting a broader probe into the handling of the high-profile…
India must reframe the Red Sea disruption as a long-term commercial risk rather than a security issue, warns the Global Trade Research Initiative, as regional tensions reshape global freight routes and heighten costs for exporters. India needs to treat Red…
Indian Bank plans to raise up to $1 billion through external commercial borrowings and foreign-currency non-resident deposits, leveraging RBI’s concessional swap window amid digital initiatives and expansion. Indian Bank plans to raise $400 million through external commercial borrowings this week,…
A new report by Equirus suggests India could reach a $20 trillion economy by 2036 if it maintains rapid rupee appreciation and implements a comprehensive reform agenda spanning sectors from services to urban governance. India could reach a $20 trillion…
India’s largest cement producers report mixed June-quarter results as strong shipment growth clashes with rising fuel, freight, and raw material costs amid geopolitical tensions, prompting varied strategic responses across the sector. India’s largest cement makers delivered a mixed set of…
McKinsey & Company highlights a broader and more balanced growth trajectory for India, driven by expanding banking, auto components, e-commerce, and private capital sectors, signalling a new phase of diversified economic development. India’s growth story is becoming broader and more…
Prime Minister Narendra Modi’s Independence Day speech marks a strategic move to align India’s youth aspirations with technological innovation, self-reliance, and economic growth, amid ongoing challenges in job creation and skill development. Narendra Modi’s Independence Day address from the Red…
Astrotalk, India’s 133rd unicorn, achieved a $1bn valuation through an employee buyback without attracting new outside capital, as it expands into retail and international markets ahead of an IPO. Astrotalk has crossed a symbolic threshold without taking in fresh outside…
