India’s household debt reached 41.9% of GDP by December 2024—below the emerging-markets average, yet showing signs of stress. Notably, retail segments like credit cards and microfinance are experiencing rising delinquencies amid aggressive lending practices . Despite healthy GDP growth forecasts (6.5–6.7% in FY2026–27), the Reserve Bank of India has deployed significant monetary stimulus—cutting repo and …
Indian Railways has officially introduced a nominal increase in passenger fares, effective July 1, 2025. Here’s the breakdown: This is the first fare hike since the pandemic, aimed at offsetting rising operational costs and boosting revenue expected to generate an additional ₹700–13,000 crore, depending on the route and category. Commuters traveling long distances (e.g., 1,000 km) …
India is emerging as a powerhouse in the global AI talent market, attracting significant attention from Big Tech giants. Companies like Meta are offering massive AI compensation packages—rumored to reach ₹860 crore—for top-tier researchers and engineers, which is inflating global salary expectations . Despite this, India remains a highly cost-effective destination, with AI talent costing …
India’s Ministry of Electronics & IT (MeitY) is spearheading a national framework aimed at decentralizing GCC growth beyond major metropolitan hubs like Bengaluru and Hyderabad. The framework—developed in partnership with industry stakeholders—will guide state governments on improving infrastructure, easing building regulations, enhancing talent availability, and promoting public-private collaboration . Key advantages driving this expansion include …
Former Cognizant CEO Francisco D’Souza’s private equity firm Recognize Partners has closed its second fund, Recognize Partners II, with $1.7 billion in commitments . The fund was heavily oversubscribed and reached its target in under five months, drawing capital from a globally diverse mix of endowments, pensions, family offices, insurers, and fund‑of‑funds. This new fund follows …
In a key development in the ongoing legal dispute between IT giants Cognizant and Infosys in the US, Cognizant has now asked Infosys to identify the employees who accessed confidential information related to its healthcare platform, Trizetto. Cognizant alleges that Infosys consultants, while working with client HealthEdge, had unauthorized access to proprietary Trizetto documents. The …
Rapido is officially piloting a new food delivery service in Bengaluru—as soon as early July—under its new platform, Ownly, targeting a launch within the next week. The company is partnering with major quick-service chains like McDonald’s, KFC, Pizza Hut, and dense cloud kitchens to ensure high delivery volume over short distances (up to 5 km) . …
The Karnataka High Court has stayed the Authority for Advance Ruling’s (AAR) recent notice, which had signalled an intent to revoke the GST exemption previously granted to Namma Yatri—a ride-hailing service by Juspay Technologies. The AAR had revisited its September 15, 2023, decision, challenging whether Juspay (now spun off to Moving Tech Innovations) properly disclosed material …
The Indian tax authorities are intensifying their scrutiny of cryptocurrency transactions, focusing on digital trails left behind by investors and traders. With rising adoption of virtual digital assets (VDAs), the Income Tax Department is now using advanced data analytics and AI tools to flag suspicious or undisclosed crypto activity. Sources say tax officials are examining …
AM Green Power B.V. (a subsidiary of AM Green B.V., founded by Greenko’s original promoters) has entered into a share purchase agreement with Orix Corporation to acquire a 17.5% stake in Greenko Energy Holdings for approximately US $1.3 billion, with the agreement signed on January 17, 2025. The sale remains subject to regulatory approval in India and is expected …