As India hosts 2,117 global capability centres (GCCs) operating 3,728 units across the country, the industry recorded an estimated revenue of $98.4 billion in FY26, according to a report released on Wednesday.
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The Indian rupee reached its weakest point since late July on Wednesday. Elevated oil prices and sustained dollar demand pressured the currency’s value. The Reserve Bank of India’s market interventions limited the rupee’s depreciation. Crude oil futures saw a renewed…
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New Delhi [India], Stornox has introduced a geo-distributed, S3-compatible cloud object storage platform aimed at meeting the growing data storage, accessibility and sovereignty requirements of Indian enterprises. The platform combines cloud-native object storage with geographic distribution, scalability and compatibility with…
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Siguler Guff has raised USD 500 million for India’s mid-market businesses. The fund will focus on founder and family-owned companies with growth potential. Investments will target sectors like consumer, healthcare, financial services, and technology. This capital will support India’s durable…
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India should carefully consider its trade agreement with the United States. Long-term interests must be protected before finalising any pact. Substantial progress has been made in ongoing trade negotiations. Sensitive areas like agriculture and dairy require careful attention. Policy stability…
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The Income Tax Department has launched a nationwide verification exercise into suspicious foreign remittances after identifying several entities that allegedly remitted large amounts of foreign exchange despite reporting little or no turnover, the Central Board of Direct Taxes (CBDT) said.
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