DELOITTE INDIA
US ban on Anthropic's Fable 5 & Mythos 5 to put Indian IT services firms at competitive disadvantage
US restrictions on foreign access to Anthropic's advanced AI models, Mythos and Fable 5, are creating a significant competitive disadvantage for Indian enterprises and IT service providers. This exclusion, particularly from Fable 5's coding capabilities, raises concerns about digital equity and strategic dependency, as Indian data contributed to the models' value.
GST@9: Building a more seamless, certainty-driven input tax credit framework
A more balanced and predictable approach can help safeguard revenue, reduce disputes, enhance taxpayer confidence, and create a more efficient GST ecosystem for businesses.
India's weight-loss drug boom raises questions over healthcare priorities
India's market for cheaper anti-obesity drugs has surged tenfold. While demand is high, especially among those with diabetes, concerns about misuse for cosmetic reasons are growing. Regulators are intervening in advertising. The drugs also have side effects and can lead to weight regain. This boom is impacting pharmaceutical research priorities.
C’mon SEBI, step out & save: The market regulator should fix flawed IPO rules to stem inflated valuations, and capital flight
Coca-Cola may list on Indian stock exchanges next year, a significant shift after 50 years. This move could expose inflated valuations due to flawed Sebi IPO rules. Such practices may benefit the wealthy but weaken the rupee. Investors could see reduced returns. Sebi needs to revise its public float norms to ensure fair pricing and protect common investors.
IPO market growing, healthy participation needed: Sunder Iyer, Deloitte India
India's IPO arena is poised for dynamic growth, with a wave of businesses on the brink of launching their public shares, fueled by an increase in local investor enthusiasm. This positive momentum is forecasted to last three to five years, compelling investors to sharpen their focus on companies that demonstrate strong governance and lucid financials.
India-Oman trade pact to open huge export opportunities for labour-intensive sectors: Experts
India and Oman's new trade pact unlocks significant export potential for sectors like textiles, gems, and marine products. This agreement also strengthens services and mobility links. Experts highlight its role in enhancing India's energy security and supply chain resilience. The pact provides duty-free access for most Indian exports to Oman, creating new avenues for businesses and supporting employment-intensive manufacturing.
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SEZ import relief to fast track chip projects
India's semiconductor manufacturing sector is set for a major boost. New rules exempt imports for Special Economic Zones from quality checks. This will speed up the setup of chip fabrication plants and assembly units. Companies can now import necessary equipment and materials without delays. Compliance with Indian standards will only be required when products enter the domestic market.
Adani Energy to buy IntelliSmart for ₹3,050 crore
Adani Energy Solutions (AESL) is set to acquire smart metering company IntelliSmart Infrastructure for ₹3,050 crore, bolstering its position as India's largest smart metering platform with over 47 million meters. This strategic move aligns with India's ambitious plan to replace 250 million conventional electricity meters with smart meters to modernize the power distribution ecosystem and reduce losses.
Global tech major Salesforce to skill one million learners with AI-focused skills by 2030
Global tech firm Salesforce will train one million Indians in AI skills by 2030. This initiative, launched in Hyderabad, will use government programs, virtual internships, academic centers, and partner networks. The company aims to prepare India's workforce for the future of artificial intelligence. This commitment marks a significant step in upskilling the nation's talent pool.
Adani Energy Solutions to acquire IntelliSmart for Rs 3,050 crore, to become India's largest smart metering platform
Adani Energy Solutions Limited is acquiring IntelliSmart Infrastructure Private Limited for Rs 3,050 crore. This deal will create India's largest smart metering platform with over 4.7 crore meters. IntelliSmart currently has a portfolio of over 2.2 crore smart meters. Adani Energy Solutions already has an order book of over 2.46 crore meters.
FPIs get tax relief on gilts, ease of Investment
In a strategic step to lure foreign investment, India has eliminated taxes on capital gains and interest for overseas investors in its government bonds. This change, set to take effect on April 1, is part of an ordinance aimed at enhancing the appeal of Indian sovereign bonds and fortifying the strength of the rupee.
RBI's inflation forecast signals 1-2 rate hikes in coming months: Experts
Experts anticipate one to two rate hikes in the coming months following the RBI's increased inflation forecast, despite keeping the policy rate unchanged. The central bank also introduced measures to attract foreign capital and support the rupee amidst global economic uncertainties.
The great $100-billion tech shift: GCCs tighten grip on India’s talent market
India's Global Capability Centres (GCCs) jobs: India's Global Capability Centres (GCCs) are rapidly outpacing traditional IT services, driven by multinational corporations' need for control over IP, data, and AI. With a deep talent pool and higher compensation, GCCs are becoming the primary engine for specialized tech talent absorption, reshaping India's hiring landscape.
At Big 4 firms, AI is starting to reshape the tax profession
Major accounting firms in India are embracing artificial intelligence for tax services. AI is automating routine tasks, research, and drafting, allowing consultants to focus on complex interpretations and client strategy. This shift is significantly increasing efficiency and changing traditional consulting models. Firms are seeing substantial growth in AI query volumes, indicating widespread adoption and a new era for tax advisory.
India’s tech workforce is at a turning point. Reskilling will define what comes next
The Indian software engineer's career path is rapidly evolving due to generative AI and intelligent automation. A significant talent gap exists, with demand for AI skills far outstripping supply. Developers must now focus on working with AI tools, systems design, and building AI-driven solutions to remain relevant in a market that is already prioritizing AI expertise.
Hollywood, Bollywood and AI: Who controls storytelling now?
The landscape of entertainment is undergoing a dramatic transformation, thanks to artificial intelligence. Enhanced AI technologies are now integral in various stages of production, from script analysis to budget management and post-production editing. Leading the charge is India, utilising AI to streamline content creation and significantly reduce both costs and timelines.
Corporate funding for multidisciplinary partnerships likely
The Indian government is exploring a significant policy shift. It may permit corporate investments in multidisciplinary partnership firms. This move aims to strengthen their financial base. The goal is to foster large domestic firms capable of competing with global giants. This initiative seeks to enhance India's presence in the international auditing and consultancy market. A final decision is expected soon.
A 62% rise in BPM deal value belies fears of AI dominance
Pure-play BPM companies achieved their strongest quarter for annual contract values in early 2026, defying expectations of immediate AI-driven revenue decline. Contract values surged 62% year-on-year, with industry-specific expertise and data analytics proving crucial for deal wins. This growth highlights BPMs' evolving role in delivering integrated business outcomes.
From $22 billion to zero: Success, not failure, brought Byju down
Byju's, once a $22 billion edtech giant, has collapsed. Founder Byju Raveendran faces jail for contempt. The company's downfall stems from unchecked ambition and excessive spending during a period of abundant capital. Aggressive expansion and a reliance on pandemic-era growth proved unsustainable. Investors now fight over assets and loans as the once-celebrated startup lies in ruins.
From billionaire to jail: Why Byju Raveendran is facing prison and how $22B startup with SRK & Messi as ambassadors crashed
Byju's founder Byju Raveendran has been sentenced to six months in jail by a Singapore court for contempt of court. The court cited his disobedience of multiple orders concerning his assets. Raveendran must also pay S$90,000 in costs and provide proof of ownership for Beeaar Investco Pte.
UK’s steel curbs emerge as an early hurdle for FTA with India ahead of roll-out. Is there a way out?
The UK has extended safeguard measures on select steel imports; starting from July 1, 2026, it will reduce tariff-free quotas by 60% and impose a 50% duty on shipments beyond the limit.
H-1B chill sets in; Flipkart doubles down on Shopsy
US demand for H-1B visas has slumped to a seven-year low amid steeper costs and Trump-era policy shifts. This and more in today’s ETtech Top 5.
Corporate India closing interview doors to prying AIs
Indian companies are actively combating AI misuse in job interviews. Firms like Deloitte and Deutsche Bank are implementing advanced monitoring and scenario-based assessments. They are looking for genuine problem-solving skills and deeper understanding. This shift aims to ensure fair evaluations and maintain hiring integrity in the digital age.
India should now focus on FTA implementation, utilisation by exporters: Experts
For India to leverage its Free Trade Agreements effectively, a paradigm shift in strategy is imperative. Experts caution that the disparity between secured market access and the realization of exports is widening.
Beating the Heat: India’s data centre dream and the 50°C reality in its path
India's digital economy is expanding rapidly. However, extreme heat is straining its data centers. Rising temperatures increase cooling needs, leading to higher electricity and water consumption. This poses a challenge to India's trillion-dollar digital ambitions. Experts warn of increased operational costs and potential water scarcity. Future planning must integrate digital infrastructure with climate resilience.
Rs 18 lakh crore wiped out: Has the brutal Indian IT stock crash finally bottomed?
India's top IT companies have seen Rs 17.6 lakh crore wiped out in a multi-month bear market. Valuations are at levels not seen since the global financial crisis. Concerns over generative artificial intelligence and weak spending have driven the Nifty IT index down sharply.
India's 'Cockroach Janta Party' group goes viral, spotlights Gen Z worries
A new five-day-old group, the Cockroach Janta Party, has gone viral in India, amassing 15 million Instagram followers by discussing youth concerns like unemployment and inflation with humor. Founded by Abhijeet Dipke, the CJP aims to shift India's political discourse, giving a voice to young people who feel unheard.
FIFA media rights officials visit India where no World Cup broadcast deal is yet signed
FIFA officials are in India this week to secure a broadcast deal for the upcoming World Cup. Millions of Indian football fans may miss the tournament due to a deadlock over broadcast rights. A previous offer from Reliance-Disney was significantly lower than FIFA's asking price.
Deloitte India aims to become country's biggest professional services firm by 2028
Deloitte India is on track to claim the title of the nation's premier professional services provider by 2028, fueled by an expansion strategy that includes doubling its workforce to 100,000 and aiming for $5 billion in revenue. Through Project Bharat, the firm is not only targeting larger corporations but also reaching out to small businesses and innovative startups.
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