World Updates
The chairman and CEO of EY India, Rajiv Memani, warned that artificial intelligence (AI) could drastically separate winners and losers in the upcoming years while highlighting poor R&D spending and unequal manufacturing growth as major issues facing Indian industry on Friday. In order to remain competitive on a global scale, Memani stated that India’s corporate … Read more
According to fresh GDP estimates published on February 27 under the updated national accounts series, India’s economy probably increased 7.6 percent in FY26 as opposed to 7.1 percent in the previous fiscal year. With 2022–2023 as the new base year, the revised series projects growth to be 0.2 percentage points higher than the 7.4 percent … Read more
Omnitech Engineering, a precision engineering firm with an order book worth Rs 1,700 crore, is using the public markets to finance new capabilities and capacity development. The Rs 583 crore offering combines an offer-for-sale with a new issue. Udaykumar Parekh, the promoter and CMD, discussed working capital trends, client concentration issues, and values. Here are … Read more
This article examines the evolving debate around AI sovereignty, national rights, infrastructure dependence, and governance frameworks in India’s digital future. Prime Minister Narendra Modi discussed India’s human-centered framework for artificial intelligence (AI), known as “MANAV,” on the first day of the India AI Summit last week. India’s Human-Centered AI Framework and Sovereignty Vision This framework … Read more
David Tait, CEO of the World Gold Council, stated at the Rising Bharat Summit on Friday that institutional investors and financial-market infrastructure, rather than people alone, are likely to drive India’s next phase of gold demand. According to Tait, structural causes, not transient price momentum, are driving the present gold rise. He cited geopolitics, interest … Read more