FINANCIAL SERVICES PARTNERSHIPS INDIA
Govt looks to widen coverage of Index of Services Production, invites feedback
MoSPI began compiling the ISP on a monthly basis for the formal services sector on a trial basis in July 2026. The exercise uses 2024-25 as the base year and was designed to provide a higher-frequency measure of services-sector performance.
Karnataka govt partners with ElevenLabs to explore voice AI for citizen services
The partnership will focus on developing a voice AI safety framework, exploring applications for government services and using AI-powered voice restoration for eligible citizens, the state government said in a statement.
India's services sector growth at 3-month high, but quarter weakest since 2022, PMI shows
India’s services sector expanded at its fastest pace in three months in September, with the HSBC Services PMI rising to 55.2 on stronger domestic demand. However, quarterly growth was the weakest since early 2022, reflecting softer hiring and exports. Manufacturing gains lifted the Composite PMI to 55.9, signalling a moderate recovery.
Greater opportunities to expand bilateral trade, investment between India, Switzerland: President Murmu
President Droupadi Murmu welcomed Swiss President Guy Parmelin, emphasizing the historic EFTA Trade and Economic Partnership Agreement. They discussed expanding bilateral cooperation in various sectors, including clean technology and artificial intelligence. Key agreements were signed to promote migration, mobility, and cooperation in nuclear energy and defense.
Piyush Goyal steps up US outreach, pitches India to global investors for deeper investment ties
Union Commerce and Industry Minister Piyush Goyal held meetings with top executives from prominent investment firms and consumer companies. He discussed investment opportunities and partnerships with Blackstone, Neuberger Berman, and The Estee Lauder Companies. The discussions included India's manufacturing, sourcing, and its growing beauty and personal care market. Goyal's engagement aimed to strengthen investment linkages and explore further business opportunities.
From 95% imports to Rs 6.27 lakh crore in smartphone output: Jyotiraditya Scindia on India's mobile manufacturing growth
India's mobile phone manufacturing sector has grown from two companies to 300 over the last 12 years. The country now produces smartphones valued at ₹6.27 lakh crore, a remarkable increase from ₹20,000 crore. Broadband users have surged from 60 million to over 1 billion in the same period. India has developed its own 4G technology that supports over 1 lakh towers.
'Great achievements already made': Swiss President Parmelin on India-EFTA trade pact's first year
The India-European Free Trade Association Trade and Economic Partnership Agreement has been effective since its implementation a year ago. Swiss President Guy Parmelin stated that strong interest from companies has been evident in various sectors. This agreement is expected to significantly enhance bilateral trade and attract long-term investment. Additionally, Switzerland seeks to strengthen cooperation in business and technology during the President's current visit.
Finmin to meet heads of banks on Tuesday to review progress of financial inclusion scheme
A meeting involving bank heads is scheduled for Tuesday to assess the progress of financial inclusion schemes. Key initiatives include Pradhan Mantri Jan Dhan Yojana and Pradhan Mantri Mudra Yojana, which support small enterprises. Other schemes such as PM Jeevan Jyoti Bima Yojana and PM Suraksha Bima Yojana offer insurance coverage for different age groups. The StandUp India Scheme focuses on empowering SC, ST, and women borrowers.
Anthropic enables local inferencing in India for Claude AI via Amazon Bedrock
Claude Opus 5, Sonnet 5, and Haiku 4.5 are now available with in-country inference through an India endpoint on Amazon Bedrock, the company said on Monday.
PM Modi, Swiss President Parmelin hold talks to deepen trade, investment and tech ties
Prime Minister Narendra Modi welcomed Swiss President Guy Parmelin for talks to enhance bilateral relations. Discussions focused on trade, investment, mobility, and critical technologies between the two countries. Parmelin's visit included a ceremonial reception followed by tributes at Rajghat. External Affairs Minister S Jaishankar also met with Parmelin to discuss strengthening the India-Switzerland partnership. An official banquet will be hosted by President Droupadi Murmu in honor of Parmelin.
SCI to help India achieve ambition of becoming top shipping nation: Sonowal
India's Union Minister Sarbananda Sonowal emphasized the importance of domestic shipbuilding at the Shipping Corporation of India's anniversary. The company is expected to see its Profit After Tax surpass Rs 2,000 crore this fiscal year. Sonowal called on SCI to play a key role in achieving the national goal of self-reliant shipbuilding by 2047.
Indian Super League gets title sponsor after three seasons, ties up with JSW MG Motor India
The Indian Super League has secured JSW MG Motor India as title sponsor for the 2026-27 season, ending a three-season gap without a title partner. The league will be renamed the MG Indian Super League as it begins a club-led commercial era, with 13 teams returning to a full home-and-away format.
TCS to take over Best Buy's India GCC under multiyear deal
Tata Consultancy Services has entered a multiyear agreement to acquire Best Buy's global capability centre located in India. While the financial aspects and employee count remain private, this move aims to transform the centre into an AI-driven engine, optimizing operations and AI integration. The collaboration seeks to synchronize Best Buy's requirements with TCS's technological and retail know-how, potentially establishing a valuable framework for the retail sector as well.
The future of Ai in India: A Nobel Laureate’s perspective
The Surfin Ai Fintech Summit's seventh global edition showcased advancements in intelligent finance and AI-driven customer solutions. Esteemed speakers, including Nobel Laureate Michael Spence and Dr. Amar Patnaik, underscored the concept of principles preceding laws in AI governance. Discussions revolved around AI's role in improving financial accessibility and personalized services for varied clientele.
EaseMyTrip joins Apple Pay India launch to offer faster, seamless booking payments
EaseMyTrip has announced its partnership with Apple Pay to improve the payment process for its users. This collaboration aims to provide faster and more secure payment options during travel bookings. Customers can now complete their bookings without repeatedly entering payment details, enhancing convenience. Apple Pay officially launched in India recently, marking a significant development for online payments.
Stocks in news: Infosys, HDFC Bank, Jio Financial, IRFC, NCC and Blue Dart
Indian equity benchmarks experienced a decline over two sessions due to profit booking and rising oil prices. The Nifty 50 index closed down by 95.75 points, reaching 22,620.45. Jio Financial Services and Allianz Europe B.V. have invested in their joint venture for business operations. Infosys has expanded its partnership with ABN AMRO for AI-driven transformation initiatives.
Agriculture sector binds India-Argentina partnership
Argentine Ambassador Mariano Caucino highlighted the growing economic relationship between Argentina and India during a summit in Mumbai. Agriculture, particularly edible oils, serves as a core area of cooperation between the two countries. Argentina is experiencing record supplies of edible oils, significantly contributing to India's food security. In 2025, exports of soybean oil and sunflower products to India are expected to increase substantially.
PwC India appoints Rajan Pental as financial services sector leader
PwC India has appointed Rajan Pental as the new Financial Services Sector Leader to drive growth. He will lead initiatives aimed at boosting demand and collaborating within the firm. Pental brings over 35 years of experience from prominent financial institutions in India.
October Horoscope 2026: 3 zodiac signs could attract more money but not in the way they expect
October 2026 could bring a financial turning point for three zodiac signs. Venus and Mercury are both retrograde during the month. In astrology, these periods can bring old opportunities back into focus. For these three signs, money and success could become important themes.
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