US President Donald Trump declared the American economy is “soaring,” citing record stock market highs, increased exports, and investment as proof of a new growth era. He attributed these gains to his administration’s tax cuts and trade policies, which he claims put more money in Americans’ pockets and boosted domestic manufacturing. Trump asserted that the
India’s burgeoning AI data-centre sector is creating a surge in demand for mechanical, electrical, and industrial engineers. These professionals, once overlooked, are now commanding significant salaries as companies build energy-intensive AI infrastructure. Roles like cooling specialists and power procurement heads are in high demand, driving a new career path for talent in physical infrastructure development.
HCLTech’s stock surged almost 6% following the announcement of a massive $1.1 billion deal with a European Fortune Global 50 company, widely believed to be Mercedes-Benz. This significant AI-led agreement, set to run for five years with an extension option, will see HCLTech revamp the automaker’s global digital workplace and network operations. The deal highlights
Commerce Minister Piyush Goyal has called on states to identify import-substitutable products, aiming to boost domestic manufacturing, cut foreign exchange outgo, and strengthen supply chains. He also pushed for export committees and monthly reviews to support industries facing unfair trade practices. A 90-day drive will focus on 120 districts to increase exporter registrations and export
German software giant SAP is implementing hiring freezes, travel restrictions, and tighter control over external spending to fuel its significant investments in artificial intelligence. The company is prioritizing core AI roles and strategic acquisitions to bolster its AI capabilities. While internal travel is paused, essential trips for AI initiatives and customer engagement will continue, reflecting
India’s middle class, comprising 31% of the population, is identified as the nation’s primary growth engine, driving nearly all consumer spending. This demographic is expanding annually at 6.3% and is increasingly found in tier-two and tier-three cities, not just metropolises. Finance Minister Nirmala Sitharaman highlighted that around 500 cities are set to become new economic
Contrary to popular belief, Samsung leads India’s smartphone sales via easy monthly installments, outpacing even Apple. Vivo and Oppo also show strong performance in this growing financing market. As component costs rise, pushing up device prices, financing is becoming crucial for consumers, especially in smaller cities. Brands with robust offline networks are leveraging this trend
Recent cyberattacks on Bajaj Auto and Tata Electronics have underscored the escalating cyber risks for India’s manufacturing sector. As factories embrace automation and AI, their increased connectivity creates larger vulnerabilities. Experts warn that these breaches, which can halt production and compromise sensitive data, threaten intellectual property crucial for India’s ‘China-plus-one’ strategy. Strengthening cybersecurity measures is
Indian banks witnessed robust credit growth in the June 2026 quarter, with some lenders seeing advances surge significantly. However, a widening gap emerged as deposits declined for select banks like Bank of Baroda, IDBI, and RBL. Public sector banks maintained a steadier credit-deposit growth, while private lenders adjusted liabilities. Factors like a new credit guarantee
Prime Minister Narendra Modi inaugurated the new Jodhpur airport terminal, a significant boost for tourism and connectivity, blending modern design with Rajasthani heritage. He also launched the Modified UDAN scheme from Jodhpur, aiming to enhance regional air connectivity nationwide by developing 100 aerodromes and supporting airline operations. This infrastructure push is set to invigorate commerce
