HSBC warns India may need $30 billion in additional forex reserves by FY27 due to rising oil prices and external pressures, projecting a wider current account deficit.
Tata Electronics and ASML partner for India’s first 300mm semiconductor fab in Dholera, Gujarat, deploying advanced lithography and an $11 billion investment to serve automotive, mobile, and AI.
Maharashtra cyber police issue notices to Google and Apple, demanding removal of Ola, Uber, Rapido bike-taxi apps over illegal operations and safety concerns. This escalates a major regulatory dispute.
PM Modi’s UAE visit solidifies India-UAE strategic partnership with $5B investments, energy pacts, defence framework, and an 8 exaflop supercomputer deal.
Akash Ambani becomes Managing Director of Jio Platforms for five years, effective 2026, as the digital arm of Reliance Industries prepares for its significant initial public offering. He will spearhead growth and investor relations.
Uday Kotak cautions Indian businesses and consumers that the full impact of surging global energy prices from the Middle East conflict is imminent, urging preparation and austerity.
Andhra Pradesh CM N. Chandrababu Naidu endorses PM Modi’s seven-point appeal to conserve India’s forex and reduce import dependence. The ‘national mission’ targets self-reliance amidst West Asia tensions.
Prime Minister Modi urges Indians to adopt COVID-era practices like WFH and reduced travel to curb fuel consumption and boost economic resilience amidst global supply chain disruptions.
Google is making significant investments in India’s AI infrastructure, including a new AI hub, server and drone manufacturing, and potentially Pixel smartphone assembly, aligning with India’s projected $200B AI growth.
New Delhi and Hanoi enhance their strategic partnership, targeting $25 billion bilateral trade by 2030. Key areas include high-tech, digital payments, defense, and AI cooperation, reflecting deepening Indo-Pacific alignment.
