India’s Swiggy Plans $1.1 Billion Share Sale Next Week

India has mandated the installation of a tracking application on all smartphones, a move that reflects the government's increasing focus on digital surveillance and data collection. This decision was reported by The New York Times and is set to take effect in the coming months.

Apple has rejected India's directive requiring smartphone manufacturers to pre-install the state-run 'Sanchar Saathi' cyber safety app on all new devices, which must remain enabled and cannot be disabled. This move reflects ongoing tensions between the tech giant and Indian regulatory authorities.

India has been importing discounted Russian oil, which has raised concerns as these purchases indirectly support Moscow's military actions in Ukraine, leading to increased scrutiny from Western nations, particularly the U.S. and Europe.

Russian President Vladimir Putin is set to enhance energy and defense exports during his upcoming visit to India, aiming to strengthen bilateral ties amid global economic shifts. This visit comes at a time when Russia is focusing on expanding its industrial output, particularly in military-related sectors, which have seen significant growth recently.

ICICI Securities has downgraded the stock rating of Gail (India) due to a decrease in tariff rates, reflecting concerns over the company's revenue potential. This downgrade is indicative of the challenges faced by the company in maintaining profitability amid changing market conditions.

Wall Street analysts are predicting a rebound in Indian markets following a challenging year characterized by significant underperformance, marking one of the worst periods for the market in decades. This optimism comes as major financial institutions reassess their outlook on India's economic potential.