India will provide 100 billion rupees ($1 billion) to support oil retailers for capping jet fuel prices and shield local airlines from mounting cost pressures. https://t.co/WAeaPJUpcU
🚨US proposes up to 12.5% tariff on India, 59 other economies over forced labour
-USTR eyes tariffs up to 12.5% on imports from 60 nations
-India, China, EU, Japan flagged for forced labor issues
-Tariffs eyed on forced-labor goods; review precedes action
Read More:
https://t.co/txGBQov0XF
India’s central bank said a report that it’s selling gold is “not correct,” pointing to data showing its physical stock of gold has remained unchanged https://t.co/gEQXdotJmj
India’s three largest IT services companies, Infosys, Tata Consultancy Services and Wipro have collectively expanded their Microsoft 365 Copilot deployments to more than 300,000 employees.
Microsoft said each of the three companies now has more than 100,000 Microsoft 365 Copilot licences in use, up from deployments of around 50,000 seats announced in December 2025. The company described the rollout as one of its largest enterprise AI deployments globally and a sign that organisations are increasingly embedding AI agents into day-to-day workflows rather than treating them as standalone productivity tools.
India has been cast as the world’s back office for code and customer service. Here's a look inside Modi’s high-stakes push to build AI sovereignty, and the challenges in the way https://t.co/YNUz3gW7XZ
FROM BBG
INDIA’S STOCK MARKET IS FALLING OUT OF FAVOR WITH GLOBAL INVESTORS AS AI-DRIVEN OPPORTUNITIES IN TAIWAN AND SOUTH KOREA ATTRACT MORE CAPITAL, RESHAPING GLOBAL INVESTMENT FLOWS.
India may reconsider some concessions under the free trade agreement with the UK if its steel exports do not receive relief from the proposed safeguard duties, a senior government official in New Delhi says https://t.co/zcJ7gF6pek
China's export prices suggest global inflation pressures are building:
China's overall export prices rose +5% YoY in April, the largest gain since April 2023.
This marks a sharp reversal from nearly 3 consecutive years of contraction.
This surge was driven by global commodities, including crude oil, metals, and semiconductors, amid the Iran War shock.
Mineral fuels led with a +22% YoY gain, while fertilizer prices rose +17% and electronic export prices soared +21% on severe chip shortages.
Global inflation is rebounding.
BREAKING: Iran announces it is ending all negotiations with the US and vows to "completely" block the Strait of Hormuz, per CNBC.
Iran says it is ending negotiations due to repeated ceasefire violations including Israeli strikes in Lebanon.
Iran also threatens to block the Bab el-Mandeb Strait.
South Korea’s equity market has overtaken India’s as the world’s sixth largest, driven by a relentless surge in chip heavyweights powering the global artificial intelligence buildout. More here: https://t.co/lFkiI2G1n5
📷: SeongJoon Cho/Bloomberg