Safran Plans to Boost Procurement From India 400% by 2030

Apple is contesting a significant antitrust penalty law in India, which could result in a fine of up to $38 billion, as revealed in a recent filing. This legal challenge highlights the ongoing scrutiny tech giants face regarding their business practices in various markets.

Canada is actively pursuing a trade deal with India, marking a significant shift in relations after years of tension, particularly influenced by former President Trump's global alliance strategies. This development follows Canada's recent engagement with Beijing at the Asia-Pacific summit, indicating a broader diplomatic effort.

The International Monetary Fund has reclassified India's exchange-rate regime, indicating a shift in its assessment of the Reserve Bank of India's (RBI) interventions in the currency market. This change comes two years after the IMF suggested that the RBI was intervening excessively to stabilize the Indian rupee.

Citigroup Inc.’s India unit has successfully expanded its asset-backed securities portfolio to nearly $1 billion, achieving this milestone ahead of its February target. This growth reflects a significant increase in demand for such financial instruments in the Indian market over the past two years.

India's central bank Governor Sanjay Malhotra indicated that recent macroeconomic data supports a potential cut in the benchmark policy rate in December, which has led to a decrease in bond yields. This statement reflects the central bank's assessment of the current economic climate and its implications for monetary policy.