Author: Abizar Attari
News Editor

The Acche Din for India’s growth story seem to be dimming much quicker than we think. According to recently released data, Taiwan’s stock market has overtaken India’s, with a valuation of $4.95 trillion compared to $4.92 trillion. With this, Taiwan has pushed India to the sixth spot after the United States, mainland China, Japan and Hong Kong.  Taiwan’s highly mature semiconductor industry has become the lynchpin here, with TSMC alone seeing an astronomical 49% surge in share value on a year-to-date (YTD) basis. This has helped it surpass the $2 trillion threshold globally, with an unprecedented 42-45% weight in the…

During his recent visit to the Netherlands, PM Modi has managed to give India a trump card that is expected to help India tide over the gloom due to the economic recession. On his two-day visit, PM Modi has personally helped boost India’s AI ambitions by getting Dutch semiconductor technology firm ASML to supply its machines to Tata Electronics’ upcoming $11 billion semiconductor fabrication unit in Dholera, Gujarat. This remains perhaps the most significant technology development to date, as it means getting access to technology that is the most advanced in the world, with only a handful of semiconductor firms…

Mumbai: Precision Engineering and manufacturing company Balu Forge Industries Limited (BFIL) has announced a landmark in its technical progress, with its maiden order for precision-engineered aerospace components. Received on May 25, 2026, the order from US-based Alpha Aircraft Systems Inc has given Balu Forge a foothold in the sector, though further details haven’t been revealed yet. This development comes five months after the company announced the setup of its automated empty shell production line, as it looks to become a major player in the global precision engineering manufacturing ecosystem.  “We are incredibly proud to announce our maiden entry into the…

The last fortnight has unlocked previously suppressed discontent against the political elite against unemployment and freedom of speech, symbolized through the satirical Cockroach Janta Party. The wave of support for this party has been unprecedented, with its handles gaining more followers than those of the Congress and the BJP within days. Though the government has tried to suppress this movement by blocking its social media handles, the event has shown how a slip of tongue can unleash suppressed anger and discontent amongst the youth dealing with unemployment and the rising cost of living. Though many are hoping that the party’s…

Mumbai: Pharmaceutical API maker Shilpa Medicare Limited has delivered a breakthrough performance for the financial year 2026, with consolidated revenues rising 18% year on year to ₹1,549 crore from ₹1,310 crore during the same period last year. This has also meant a rise in net profit to ₹232 crore (adjusted) from ₹99 crore last year, a 135% rise.  The company’s API business has seen a 16% year-on-year growth, bolstered by captive demand for its oncology and non-oncology verticals. It has also worked to add 37 new DMF filings this year. Along with this, its formulations business has delivered a 30%…

Mumbai: LTM Limited, the company created after the 2022 merger of Larsen and Technology Infotech and Mindtree, has announced its first post-merger acquisition. The company is expected to spend $186 million to buy global staffing giant Randstad’s IT and consulting businesses across France, Germany, Australia, the Netherlands, Belgium, Luxembourg, Portugal and Romania. By onboarding these teams, LTM absorbs an established business that generates upwards of $500 million in steady revenue, though it has reported a decline in revenues by 13% and 11% for the calendar years 2025 and 2024, respectively. LTM’s revenues have jumped 6% to $4.76 billion FY26, its…

Hyderabad: In 2020, a European betting and gaming company quietly set up a small technology team in Hyderabad. No fanfare. No grand announcements. Just one capability, one team, and a long-term bet on India. Five years later, that quiet beginning has become a very loud statement. Fortuna Entertainment Group (FEG) — one of Central and Eastern Europe’s most established omnichannel betting and gaming operators — has inaugurated its brand-new AI-driven Global Capability Centre (GCC) at My Home Twitza, HITEC City, Hyderabad, committing €12 million to India over the next five years. The Hyderabad centre is now FEG’s third-largest technology hub…

New Delhi: With the Rupee continuing to depreciate to an all-time low to Rs.95 a dollar, Finance Commission Chairman Arvind Panagariya has said that maintaining the Rupee under the ‘psychological barrier’ of Rs.100 to a dollar remains futile.  In a series of tweets, the economist explained that any issue of dollar-denominated bonds or high-interest dollar-denominated NRI deposits would be nothing but a band-aid for the country. “Eventually, you will have to cross the 100-rupee-per-dollar psychological barrier,” he explained.  Dear @RBI: Do not let the psychology of Rs 100 per dollar determine your policy response. 100 is just a number, like…

Jaipur: Fintech and authorized forex provider Transcorp International Limited has reported strong numbers for the quarter ended March 31, 2026. During the quarter, its consolidated net profit has risen 132.8% year-on-year to reach ₹3.19 crore from ₹1.37 crore from the same period last year. The revenues for the year were at ₹890.67 crore on a consolidated basis, while revenue from operations was at ₹880.88 crore. The company has managed to reduce its finance costs by over 30% from the previous quarter. Along with the results, the company’s board of directors have recommended a final dividend of ₹0.40 per share for…

When it comes to shipping goods from country A to country B, the costs are just not restricted to shipping costs and the product costs. International shipping often requires insurance payments for every container, commodity or produce shipped across the seas.  For India, most of these insurance coverages come from Western banks, but these come with conditions tied to geopolitical changes. Following the Russia Ukraine war, several shipments from Russia were stuck because many banks refused to cover these shipments due to US imposed sanctions.  Recently, the US-Iran war has seen a wave of refusals from such banks, as they…