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Apple withholds data in India antitrust case, CCI sets final hearing
India's antitrust watchdog is moving quickly to decide penalties for Apple. The Competition Commission of India found Apple abused its dominant position in the iPhone app market. Apple has not provided requested financial data. The watchdog has set a final hearing for May 21. This signals a hardening stance against the US tech giant. Apple faces potential fines in India.
Indian market faces AI narrative problem; it'll be smallcaps over largecaps for next 5 years: Manish Gunwani
Indian stock market valuations are attractive. However, global investor focus on Artificial Intelligence is diverting capital away from emerging markets like India. Foreign institutional investor flows are expected to remain subdued unless the AI theme slows or India implements significant structural reforms. Bandhan AMC is investing in manufacturing exporters and metals. The IT sector faces a long-term slowdown.
India's power transmission sector to see INR 9 trillion capex push by 2032: Report
India's T&D sector is poised for sustained growth, driven by an estimated INR 9 trillion capex through 2032. Despite temporary ordering slowdowns due to high capacity utilization and longer lead times for high-voltage transformers, a positive outlook remains. Global demand surges, particularly in the US and Europe, present significant export opportunities for Indian manufacturers.
Semiconductor design, AI to drive India’s next innovation wave: Founders Forum CEO
Founders Forum CEO Carolyn Dawson highlights India's potential to become a global tech anchor by building connective tissue with innovation hubs. She emphasizes the need for late-stage capital and a global mindset for Indian startups to scale internationally, with AI and semiconductor design poised to drive future trade.
Convoy of tankers is seen crossing Strait of Hormuz, vessel tracking data shows
A convoy of eight tankers is crossing the Strait of Hormuz. Ship owners hope Tehran will allow them to leave the Gulf during a short ceasefire. Iran reopened the strait after a US-brokered ceasefire. The closure caused a major supply loss. Gulf producers need steady tanker flow to resume exports.
India medical tourism slips below pre-Covid peak amid geopolitics, visa delays and rising Asian competition
India's medical tourism is facing challenges. Arrivals have dropped significantly below pre-Covid levels. Geopolitical tensions and visa delays are impacting the sector. Competition from other Asian nations is also a factor. Industry leaders suggest focusing on high-tech, reliable healthcare delivery to attract international patients. Improvements in ties with Bangladesh could help reverse the trend.
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Ports listing concessions for stranded containers on website
Indian ports are now displaying stranded cargo eligible for concessions on their websites. This move aims for transparency and ensures exporters receive benefits directly. Jawaharlal Nehru Port alone has provided concessions worth around Rs 22 crore. The government is actively engaging with stakeholders to resolve issues. Shipping lines are cautioned against profiteering from the West Asia crisis.
Tap untapped potential of spices sector: Chirag Paswan at PHD Chamber of Commerce and Industry conclave
India's spices sector holds vast untapped potential. Minister Chirag Paswan urged a shift to value-driven growth, emphasizing innovation and global market integration. Enhanced quality standards are crucial for building trust and avoiding export rejections. Opportunities lie in nutraceuticals and wellness products. This focus is vital for achieving Viksit Bharat 2047.
West Asia war: Morbi-Thangadh ceramic clusters gasp for gas, units shut, losses mount
Since the beginning of the war, these two clusters are struggling due to a shortage of propane, with many units closing shops.
VIDYA strengthens global coffee presence with acquisition in Romania
VIDYA has acquired Nordexim MV International, a Romanian coffee manufacturing facility, to expand its global presence and deliver Indian coffee to international markets. This strategic move enhances VIDYA's integrated private label solutions, strengthens its European footprint, and optimizes supply chain efficiency.
AgriTech could add $90 billion to Southeast Asia’s GDP by 2033: Report
While investments have seen a recent decline due to structural challenges, opportunities abound in digital value chains, AgriFinTech, deep technology, and sustainable food brands, with aquaculture also presenting a major growth area.
Piyush Goyal engages with South Korean, Austrian leadership to deepen economic ties
Union Minister of Commerce and Industry, Piyush Goyal, advanced India's trade agenda through a series of diplomatic engagements on Thursday, holding a virtual meeting with South Korean Trade Minister Yeo Han-koo and an in-person session with Austrian Federal Chancellor Christian Stocker. The meetings, focused on bilateral investment and technological synergy, resulted in the signing of a new mechanism aimed at accelerating business resolutions between India and Austria.
India eyes US-led Pax Silica seed fund
India is keen on getting access to the US State Department's new $250 million Pax Silica seed fund designed to secure global supply chains for artificial intelligence, semiconductors and critical minerals, people in the know said. This was discussed among steps to operationalise the multilateral initiative during foreign secretary Vikram Misri's three-day visit to Washington DC last week, they said.
India-China energy cooperation doesn't require warm relations, or lofty civilisational rhetoric
India and China face a new opportunity in energy markets. Past cooperation in Africa, despite challenges, shows potential. Both nations seek stable energy imports, bypassing geopolitical risks. This shared need can drive future joint ventures. New energy projects in Africa could form a strong foundation for collaboration. This pragmatic approach is vital for securing energy supplies.
TCS declares Nashik WFH; Wipro Q4 results
Tata Consultancy Services has moved staff to work from home amid an ongoing investigation at its Nashik office. This and more in today’s ETtech Top 5.
Engineering exports hit record high in FY26; govt support, FTAs boost growth: EEPC’s Chadha
Indian engineering exports achieved a record $122.43 billion in FY25-26. This growth occurred despite geopolitical tensions and trade policy shifts. The sector demonstrated remarkable resilience and adaptability.
India achieves record exports of USD 860 billion in 2025-26: Piyush Goyal
India has set a new export record, reaching $860 billion in shipments for the fiscal year 2025-26. This achievement surpasses the previous year's $825 billion. The nation's exports demonstrate resilience against global challenges. Nine new trade agreements are expected to boost this growth further, opening new markets and opportunities across various sectors.
India-UK trade agreement may come into force next month: Commerce Secy
India's trade deals are set to boost exports. The pact with the UK is expected in May. Oman's agreement is slated for June 1. New Zealand's FTA is anticipated on April 27. The India-EU FTA is targeted for this calendar year. These agreements will open new avenues for Indian businesses.
India gem and jewellery exports rise to ₹2.44 lakh crore in FY26 amid global headwinds
In FY26, India's gem and jewellery sector reported an impressive ₹2,44,827.26 crore in exports, demonstrating a modest growth in rupee terms. However, exports in dollar value experienced a downturn amidst global market turbulence. To counter this, exporters expanded their reach, finding new opportunities in the UAE, Australia, and Canada.
Amul hits ₹1 lakh crore in sales; MD says India could be dairy to the world within a decade
Amul's remarkable growth signals a bright future for India's dairy sector. Recent GST cuts are a game-changer, benefiting farmers and consumers. Value addition and product diversification present significant opportunities. The cooperative model ensures farmers receive a larger share of revenue, positioning India as a global dairy leader. The sector is set for substantial expansion.
India's gems, jewellery exports dip 35 per cent in March on US-Iran conflict: GJEPC
India's gems and jewellery exports saw a significant drop in March, largely due to the West Asia conflict impacting logistics and insurance costs. Despite this setback, the industry is exploring opportunities to become a rough diamond trading hub. While demand weakened in some key markets, other regions provided support. The council anticipates a recovery as geopolitical tensions ease.
Medical tourism 2.0: Why dental tourism could be India’s next big healthcare export
India's dental tourism is experiencing significant growth. International patients are increasingly choosing India for advanced dental care, driven by affordability, cutting-edge technology, and skilled specialists. This trend marks a shift from low-cost alternatives to a high-quality healthcare destination. Complex procedures are now more accessible, positioning India as a key player in medical tourism 2.0.
India, Oman discuss ways to boost trade, investments
India's Commerce Minister Piyush Goyal met with Oman's Minister of Commerce, Industry and Investment Promotion. They discussed ways to enhance trade and investment ties. This follows recent discussions with other Gulf nations. The India-Oman Comprehensive Economic Partnership Agreement aims to boost mutual growth.
West Asia war: Amid gloom and doom in Surat and Tiruppur’s textile clusters, one industry offers hope
As the West Asia conflict drags down most sectors in India’s two major textile hubs, one segment in Surat is opening up new opportunities
PLI 2.0 calls ring louder: India eyes 35% global mobile output; $130 billion production
India's electronics sector is set to significantly boost global mobile phone production. A new production-linked incentive scheme aims to achieve 30-35% of worldwide output by 2031. This ambitious plan targets substantial manufacturing and export growth. The initiative seeks to strengthen India's supply chain and manufacturing ecosystem.
Renewable surge fuels multi-year boom to India's power equipment industry: Report
The report highlights that high-voltage (HV) equipment manufacturers are "in the midst of a decadal upcycle as the grid keeps up with a step-change in renewables," underpinned by strong policy visibility and a sharp ramp-up in renewable capacity additions. The sector's outlook is anchored in India's ambitious clean energy pipeline, with the national plan targeting 470GW of solar and wind additions over the next decade. This is expected to significantly boost demand for transmission infrastructure and associated equipment.
West Asia crisis is not a profiteering opportunity: Shipping Minister Sarbananda Sonowal
Minister Sarbananda Sonowal stated the West Asia crisis must not be exploited for profit. He directed transparency in shipping charges and swift passage of financial relief to stakeholders. Nearly 90% of backlog cargo is cleared. DG Shipping also mandated immediate concessions for exporters with Gulf-bound stranded cargo. Higher war-risk insurance premiums were flagged for proportionate freight charge revisions.
India eyes 20 more countries for open market access in next big trade bet
India is negotiating with twenty additional nations for market access and trade expansion. Union Minister Piyush Goyal stated these talks build on existing free trade agreements. Discussions involve the Gulf Cooperation Council, Eurasian region, and Israel. These efforts aim to provide Indian entrepreneurs with preferential market access to two-thirds of global trade.
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