India is a global leader in software development services, IT enabled services, knowledge process outsourcing services and contract R&D services relating to software development, Sitharaman said noting these business segments are quite inter-connected with each other.
GSM, which is potentially eyeing a Hong Kong listing and was recently valued at $20 billion, operates on a distinct model -- it owns the e-taxis and employs the drivers, while also supplying cars to independent drivers or fleet operators.
The Indian services growth broadly steadied in May and was underpinned by healthy demand conditions, new client wins and greater staffing capacity, a monthly report said on Wednesday. The seasonally adjusted HSBC India Services PMI Business Activity Index was at 58.8 in May, marginally up from April's 58.7 and signalled another sharp rate of expansion.
India's service sector activity accelerated slightly in April largely driven by a quicker increase in new order inflows, which also underpinned a faster expansion in employment, a monthly survey said on Tuesday. The seasonally adjusted HSBC India Services PMI Business Activity Index reached 58.7 in April, up from 58.5 in March, indicating a sharp and stronger expansion in service sector output.
Bangladesh has suspended visa services in its high commission in New Delhi and its mission in Tripura following protests. The decision comes amid rising tensions and unrest in Bangladesh, with some protesters targeting India.
Chinese Foreign Minister Wang Yi has called on India and China to view each other as partners rather than rivals, emphasising the importance of cooperation for regional stability and development.
Jio Payments Bank introduces UPI-based cash withdrawals at business correspondent touchpoints, enhancing financial inclusion and simplifying access to cash for rural and semi-urban customers.
The Swadeshi Jagran Manch (SJM) is advocating for the termination of the moratorium on customs duties for electronically transmitted digital products, arguing that it hinders self-reliance, causes revenue losses, and restricts India's ability to tax emerging technologies like AI.
An Indian AI Research Organisation official says India has adopted a balanced and pragmatic approach to AI regulation, avoiding the extremes of the US and EU models.
India's services sector activity eased slightly in March, weighed down by a marginal slowdown in sales amid softer demand conditions and easing inflationary pressures, a monthly survey said on Friday. The seasonally adjusted HSBC India Services PMI Business Activity Index fell from February's reading of 59.0 to 58.5 in March, but remained above its long-run average of 54.2.
PhonePe has launched the 'RuPay On-The-Go' Card, a National Common Mobility Card (NCMC) aimed at digitising transit payments across India. The card enables quick, tap-and-pay transactions on NCMC-enabled services like metros, buses, and trains, even without internet connectivity.
Cooperation Minister Amit Shah announces Bharat Taxi, a cooperative-led ride-hailing platform, has reached 2.13 million users and 231,000 drivers. The platform operates on a zero-commission model, prioritising driver welfare and expansion into Tier 2 and 3 cities.
India's rail modernisation drive has reached a critical milestone. With electrification reaching 99.2 per cent, Indian Railways is among the world's leading rail systems.
Banking operations at public sector banks across the country were impacted on Tuesday as the United Forum of Bank Unions (UFBU) went on nationwide strike demanding the immediate implementation of a five-day work week.
The United States has encouraged India to purchase Russian oil already at sea to mitigate supply shortages and price increases amid the West Asia conflict, according to Energy Secretary Chris Wright. This move is described as a short-term effort to stabilise the market without altering Washington's policy towards Russia.
The opposition is likely to submit a notice in both Houses of Parliament to remove Gyanesh Kumar as the chief election commissioner, marking a historic first. This article details the legal procedure for removing a CEC, including the roles of Parliament, the Supreme Court, and the investigation process.
The UN Security Council, with India's support, has adopted a resolution condemning Iran's attacks on Gulf Cooperation Council countries and Jordan, demanding an immediate cessation of hostilities and denouncing threats to the Strait of Hormuz.
Delhi LG Taranjit Singh Sandhu addressed the Global Confluence 2026, emphasising the importance of maintaining a human element at the heart of digital nation-building. He highlighted India's digital transformation and the role of technology in improving lives, while urging a focus on inclusive development and national security.
Amidst escalating tensions with Iran, the US has granted India a temporary 30-day waiver to continue purchasing Russian oil, aiming to stabilise global energy markets and encourage future US oil imports by India.
Authorities have implemented heightened security measures at the Narendra Modi Stadium in Ahmedabad for the India-New Zealand T20 World Cup final, including increased police presence, anti-drone systems, and holding areas to prevent stampedes.
'India is at a critical juncture in this century. I want to be a part of the diplomatic team that works to make India great.'
Indian car buyers care more about affordability than technology, keeping ICE vehicles dominant while hybrids emerge as the preferred transition option and EVs struggle in the mass market.
Government schemes such as the PM E-Drive initiative, with allocations of around Rs 2,000 crore for charging points deployment, are helping accelerate rollout
Ahead of the T20 World Cup final, the Indian cricket team is leaving no stone unturned, from changing hotels due to perceived bad luck to considering a red soil pitch and planning a grand entertainment show featuring Ricky Martin.
The UK High Court has concluded the hearing for Nirav Modi's application to reopen his extradition appeal, focusing on claims of potential torture during interrogations in India. The court has reserved its judgement.
A salute to the brave military dogs who have faced enemy fire and made the supreme sacrifice in the service to the nation.
Base revisions are technical exercises, but history shows they can significantly reshape the narrative around India's growth performance.
Airbus has inaugurated a state-of-the-art technology centre in Bengaluru, India, significantly expanding its strategic presence and supporting its 'Make in India' mission.
The National Defence Academy (NDA) will host the Sabhikhi Cup 2026, a prestigious sports event featuring cadets from India's top military training institutions, promoting athletic excellence, teamwork, and inter-service cooperation.
Ahmedabad police have announced comprehensive security measures for the India-New Zealand T20 World Cup final, including over 3,000 police personnel, home guards, and anti-drone systems.
IndiGo CEO Pieter Elbers has resigned three months after the airline experienced significant operational disruptions. Managing Director Rahul Bhatia will temporarily assume management responsibilities.
The Tata Group and TCS have announced a multi-dimensional partnership with OpenAI to build AI infrastructure, offer joint solutions, and train Indian youth, aiming to position India as a global AI hub.
Prime Minister Narendra Modi inaugurated the Meerut Metro and Namo Bharat train, enhancing urban and regional connectivity in Uttar Pradesh and Delhi.
Based on figures currently listed on the ministry of external affairs web site, a large number of Indians reside across West Asia.
India's economy experienced a growth of 7.8 per cent during the October-December quarter of 2025-26, according to the new series of national accounts with 2022-23 as the base year.
The Trinamool Congress (TMC) has released its manifesto for the West Bengal elections, focusing on welfare politics and women's empowerment with pledges to expand existing schemes, improve healthcare, and develop infrastructure.
India's merchandise exports experienced a slight decrease in February, while imports surged due to increased gold and silver purchases, leading to a widened trade deficit. The West Asia crisis is expected to further impact trade in the coming months.
Chief Justice of India Surya Kant has recused himself from hearing petitions challenging the constitutional validity of the 2023 law regarding the appointment of election commissioners, citing a potential conflict of interest.
Following a joint attack by the US and Israel on Iran, India is calling for restraint and de-escalation to avoid further military confrontation in the Middle East.
A Border Security Force (BSF) convoy, including a vehicle carrying a DIG, was attacked in the Garo Hills region of Meghalaya, resulting in injuries and the burning of a vehicle. The incident occurred amidst ongoing unrest and clashes related to local elections, leading to the suspension of internet services and imposition of curfews.
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