Category Archives: Business

Andhra Pradesh Backs PPP Model for Ramayapatnam Port, Cites Growth and Development Benefits

July 15: The Andhra Pradesh government has reiterated its support for operating Ramayapatnam Port under the Public-Private Partnership (PPP) model, stating that the approach will help accelerate infrastructure development and improve the state’s maritime growth prospects.

Officials said the PPP framework will enable the integration of government support with private sector expertise, bringing advanced technology, efficient management practices, and greater investment into port operations.

The government highlighted that Ramayapatnam Port is a key strategic project aimed at improving cargo movement, strengthening logistics networks, and supporting industries across the region. The port is expected to create new opportunities for trade, commerce, and employment while enhancing Andhra Pradesh’s position in the maritime sector.

Authorities said private participation in infrastructure projects helps ensure faster development, better operational efficiency, and improved services while contributing to long-term economic growth.

The state government reaffirmed its commitment to developing world-class infrastructure and creating a business-friendly environment. The development of Ramayapatnam Port under the PPP model is expected to support industrial expansion and boost economic activity in Andhra Pradesh.

Northeast Set to Become India’s Next Innovation Powerhouse: NITI Aayog Officials

July 15: The Northeast region has the potential to emerge as India’s next major innovation hub, according to NITI Aayog officials, who highlighted the area’s growing strengths in technology, entrepreneurship, and sustainable development.

Officials said the region’s young workforce, rich natural resources, diverse culture, and strategic importance provide a strong foundation for building an innovation-driven economy. With the right support systems, the Northeast can become a key contributor to India’s growth and development journey.

NITI Aayog emphasised the importance of strengthening research and development, promoting startups, improving digital connectivity, and creating an ecosystem that encourages local talent to develop innovative solutions.

The region has already been witnessing growth in areas such as technology, agriculture, tourism, renewable energy, and entrepreneurship. Greater collaboration between government agencies, industries, educational institutions, and local communities can further accelerate this transformation.

Officials noted that empowering young entrepreneurs and expanding opportunities for innovation will play a crucial role in unlocking the Northeast’s full potential.

The focus on innovation-led development aligns with India’s broader vision of inclusive growth, where every region contributes to the country’s economic progress. With continued investment and support, the Northeast is expected to emerge as an important centre for innovation, enterprise, and sustainable development.

UST Wins Seven Awards at the ETHRWorld Future Skills Awards 2026

Mumbai, India, July 15: UST, a leading AI and technology transformation solutions company, has been conferred with seven awards at the ETHRWorld Future Skills Awards 2026 across organizational and individual categories. The recognition across different leadership categories underscores UST’s commitment to building future-ready talent and continuously strengthening capabilities that drive client value. 

The ET Future Skills Awards (ETFSA) honour organizations driving impactful learning and talent development initiatives that empower people, build future-ready capabilities, and shape the workplaces of tomorrow. UST has been honoured with four awards in the Organizational category – India’s Future Skills Impact Award, ‘Gold’ in Best Innovative Leadership Development Program, ‘Silver’ in Best Generative AI Learning Solution, and Excellence in AI-Driven Learning & Analytics.  In the Individual category, UST received ‘Gold’ in Visionary Women L&D Leader – Mary Mathew and ‘Silver’ in Visionary Women L&D Leader – Krishna Ahir, and NextGen Learning Leader – Under 40 – Rajit Rangan.

“These awards are not just a celebration of learning programs; they are a recognition of the capability movement we are building at UST. The future belongs to organizations that can learn faster than change, build strategic skills ahead of demand, and translate learning into measurable business impact. At G.A. Menon Academy, our aspiration is to make continuous learning a cultural advantage and capability-building a strategic engine for UST’s future growth,” said Krishnan Nilakantan, Chief Learning Officer, UST.

The industry validation through the ET HRWorld Awards matters more at a time when skills are becoming a key source of competitive advantage. It recognizes UST‘s programs that are designed to contribute to the internal growth as well as setting a benchmark in developing the larger talent and learning ecosystem. The achievements reflect the depth of leadership, innovation, and learning excellence at UST.

UST’s learning ecosystem is driven through the G.A. Menon Academy (GAMA), which shapes enterprise capability. The Learning and Development initiatives at UST have been steadily evolving from a traditional learning delivery model to a more strategic capability-building engine focusing on building future skills, enabling leadership effectiveness, accelerating AI adoption and readiness, and driving measurable organizational impact, closely aligned with business priorities.

Carne Group’s Study finds Asset Managers accelerate Outsourcing pivot as Regulatory Burden Intensifies

July 15: A global study of 200 fund managers across Europe and the United States who collectively manage $7.72 trillion in assets, commissioned by Carne Group (Carne), Europe’s largest third-party management company (ManCo), reveals a fundamental shift in the operational architecture of the asset management industry. Faced with a looming regulatory storm and an increasingly difficult recruitment landscape, fund managers are moving rapidly towards a model defined by the aggressive outsourcing of core functions to third-party specialists (please see the attached press release).

The research reveals fund managers are increasingly moving away from a do-it-all-in-house approach in favour of external partnerships that offer the scale, technological sophistication, and jurisdictional reach required to survive in a high-cost, high-scrutiny environment.

The regulatory squeeze and the talent deficit

Central to this transformation is a deepening concern regarding the global regulatory environment. An overwhelming 89% of fund managers surveyed agree that the ability to navigate regulatory complexities will become much harder over the next two years. This sentiment is driving a flight to expertise, as many fund managers realise that internal resources are no longer sufficient to keep pace with evolving transparency requirements and reporting standards.

The data also points to a critical talent gap within the industry. When asked why they are increasing their use of third-party service providers, 35% of respondents ranked the difficulty in recruiting appropriate staff as their top challenge. This was followed by the growing burden of regulation, which was cited by one in five (21%) as being the number one driver.

The outsourcing surge: Middle and back office in focus

In terms of the scale of this planned operational overhaul, 70% of fund managers surveyed expect to increase their use of third-party service providers over the next 12 months alone, with 41% of respondents planning a dramatic increase.

This trend is not a short-term fix but a long-term strategic realignment. Looking ahead over the next five years, 96% of asset managers questioned expect their use of third-party suppliers to increase, with over a third (37%) anticipating a dramatic shift in how they support their fund management businesses.

The willingness to switch

The research also reveals a highly competitive and fluid market for third-party services. Gone are the days of ‘provider for life’ relationships; fund managers are increasingly willing to switch suppliers to find the right fit for their evolving needs.

One in five managers (20%) confirmed they expect to switch to an alternative third-party service provider within the next year. When asked what would trigger such a move, the ability to offer a wider range of services was most frequently ranked top by respondents, followed by wanting higher service levels and then the need for better technological capabilities.

Interestingly, while cost and price remain important, they were cited as the primary reason for switching by only 13% of managers. This suggests that for today’s fund managers, value-add and service depth are now considered more critical than purely competing on price.

India leads global online interest in Dubai real estate

New fäm Properties data shows UK and Egypt in top three countries generating biggest share of international search traffic

Dubai, UAE, July 15: India is producing the most overseas online interest in Dubai’s property market as the city’s real estate appeal remains strong among prospective buyers worldwide.

According to new international web traffic data revealed today by fäm Properties, India accounted for 20.59% of international search traffic over the last three months, followed by the United Kingdom (13.26%) and Egypt (12.60%).

The data, which excludes UAE-based traffic and reflects only international visitors, shows the United States (8.99%) and Pakistan (6.94%) rounding out the top five.

Saudi Arabia, Australia, Germany, France, and Canada complete the leading ten of countries producing the most search traffic for Dubai property.

India’s top spot reflects its long-standing position as one of the biggest sources of overseas buyers of Dubai property, based on established trade links, a large Indian expatriate population in the UAE, and continued appetite for real estate as an investment and diversification vehicle.

“The online search data that we’ve compiled doesn’t guarantee sales, and should be treated as a directional indicator of potential buyer interest rather than a precise forecast of future transactions,” said Firas Al Msaddi, CEO of fäm Properties.

“But what it does show is where global attention is genuinely concentrated right now. Search behaviour is an early signal, often months ahead of when that interest shows up in official transaction records.

“For a market as internationally driven as Dubai’s, understanding where that demand is building can be just as important as tracking where it’s already landed.”

Notably absent from the top rankings is China, long considered one of the most active buyer nationalities in Dubai’s property market.

“This should be attributed to a difference in buying behaviour rather than any decline in interest,” explained Msaddi. “Chinese buyers tend to transact through agent networks, developer relationships, and word-of-mouth referrals rather than independent online research.”

A similar factor could explain why Russia, traditionally one of the top five buyer nationalities in Dubai’s property market, is in 12th place with 2.50% of international search traffic.

TOP 10 COUNTRIES BY SHARE OF INTERNATIONAL

SEARCH TRAFFIC

Industry leaders mark World Youth Skills Day with focus on AI, digital readiness and future-ready talent

Dr. B.K Chakravarty, Dean, School of Design Innovation, Mahindra University 

“’Skills for a Shared Future’ goes beyond preparing students for their first job; it is about equipping them to address challenges that have yet to emerge. Technological competence with creativity, empathy, critical thinking, sustainability and an entrepreneurial mindset must be combined by graduates to make them future-ready. A new model making strong industry partnerships, experiential learning, interdisciplinary collaboration the norm is vital. Continuous learning and adaptability will be the defining skills of the future as digital transformation reshapes every sector. At Mahindra University’s School of Design innovation, we believe education must integrate academic rigour with real projects from industry, enabling students not only to succeed in a rapidly evolving global workforce but also to become innovators and responsible leaders who create meaningful impact for society.”

Dr. Sanjay Gupta, Vice Chancellor at World University of Design

“World Youth Skills Day is a reminder that the most valuable skills of the future will not simply be technical. They will be deeply human. As artificial intelligence automates routine tasks and even augments specialised knowledge, the real differentiators will be creativity, critical thinking, empathy, ethical judgement and the ability to solve complex problems across disciplines. The jobs of tomorrow will increasingly belong to those who can imagine possibilities, design meaningful experiences and translate ideas into innovations that improve lives.

At World University of Design, we believe creativity is not confined to the arts; it is an economic capability and a driver of entrepreneurship, sustainability and social transformation. Our responsibility is not merely to prepare students for existing careers, but to equip them with the mindset and skills to create entirely new opportunities in a rapidly evolving world. That, ultimately, is what future-ready education should aspire to achieve.”

Bhagwati Chhabbarwal Shetty, CHRO, Comviva

“The rapidly evolving digital landscape demands that we move beyond legacy, template-driven talent frameworks towards ecosystem-wide skill integration. We believe the focus now must be on equipping young talent to play on a world stage by building future-ready capabilities while moving beyond template careers to thrive in cross-functional innovation environments.

At Comviva, we are translating this philosophy into action by building sustainable talent pipelines through stronger industry-academia engagement. We hire extensively from leading institutions, including IITs, NITs, IIITs and other premier universities, bringing in talented young professionals who contribute across high-impact areas such as AI, data science, fintech and digital engineering. Through curated learning journeys and a culture of continuous skill reboot, we enable them to build future-ready capabilities, earn mobility with merit, collaborate across disciplines and solve for billions. The goal is not just to help the next generation adapt to technological change, but to empower them to shape the future of digital transformation.”

Agendra Kumar, Managing Director, Esri India

“Youth drive national development by acting as the primary engines of economic growth, technological innovation, and social change. To be able to create maximum impact, they need strong technical knowledge and skills in advanced technologies like GIS, AI, and machine learning. At Esri India, we are committed to empowering youth with industry-relevant knowledge, hands-on experience, and future-ready skills in geospatial and emerging technologies. Through initiatives like the GIS Academia Council of India (GACI), we bring academia and industry together to strengthen GIS education, shape industry-aligned curricula, and foster interdisciplinary learning, enabling students to develop innovative GIS- and AI-enabled solutions for governance, business, and sustainable development. We believe that investing in these capabilities today will enable India’s youth to build a more resilient, inclusive, and shared future.”

Manisha Dubey, Head of IDEMIA India Foundation

“On World Youth Skills Day, we must redefine how we measure the success of skilling initiatives. The true metric is not how many young people we train, but how many we empower with meaningful employment. Skills must translate into livelihoods, confidence, and long-term careers. At IDEMIA India Foundation, we are proud that 92% of the youth graduating from our employability programs have secured jobs. This reinforces our belief that industry-aligned, outcome-driven training can create lasting social impact.

Equally important is ensuring that no one is left behind. Our inclusive skilling programs for hearing-impaired youth and young adults on the autism spectrum are helping unlock talent that is often overlooked. Every young person deserves the opportunity to build a future with dignity and purpose.The future of skilling lies in continuously upgrading curricula, embracing emerging technologies, strengthening industry partnerships, and providing real-world exposure that prepares young people for evolving workplaces. Investing in quality, relevance, and inclusion is the key to building a workforce that is ready for tomorrow and an economy that leaves no talent behind.”

Navneet Kaushik, CHRO, Invenia-STL Networks

“World Youth Skills Day is a reminder that skills are the bridge between potential and opportunity. As industries evolve and technology reshapes how we work, the ability to learn, unlearn, and adapt matters more than any single qualification.

At Invenia-STL Networks, we have worked with our partner to rebuild a science lab from the ground up at a government school in Jammu and trained teachers on AI-assisted teaching tools. Real skilling means giving people the infrastructure and the confidence to solve problems with their own hands, not just theory on a page.

When we invest in young people’s skills, we’re not just preparing them for jobs of the future; we’re building more inclusive economies, stronger communities, and a generation capable of leading meaningful change. This is a responsibility every industry, institution, and individual must share.”

Gautam Sharma, Managing Director, Viasat India

“As India cements its position as a global hub for space technology and digital innovation, empowering young people with future-ready skills is no longer just an educational priority, it is an economic imperative. Satellite communications is emerging as a foundational technology for the future, enabling resilient connectivity across aviation, maritime, disaster response, remote communities, defence, IoT and the broader digital economy. Realizing this opportunity requires a workforce equipped with specialized, industry-relevant skills. At Viasat India, we are helping bridge the gap between academic learning and real-world application through our strategic partnership with BSNL at BRBRAITT, Jabalpur, where we have introduced specialized satellite communications courses for engineering students and early-career professionals. 

Complementing this are initiatives such as our ‘Space for Good’ challenge and our upcoming Centre of Excellence focused on IoT and UAV innovations, which encourage young innovators to apply deep-tech solutions to real-world challenges. By embedding industry-grade satellite technology skills into India’s talent pipeline today, we are helping build a highly skilled, inclusive and globally competitive workforce that can power the country’s expanding space economy for decades to come.”

Mr. Diwakar Mehrotra, Vice President – GroupAR, Europe & Africa

“India’s automotive aftermarket sector is evolving faster with technological advancement and colour innovations in car manufacturing than our talent pipeline can keep pace with. We’re manufacturing more, and producing cars with advanced and vibrant hues, finishes and textures, but the country still faces a real shortage of trained paint and colour technicians i.e. the skilled and knowledgeable people who actually execute quality on the job. This isn’t a future problem; it’s already showing up as a bottleneck for manufacturers, bodyshops, and distributors today. At Nippon Paint India, we believe closing this gap is as much an industry responsibility as it is a CSR commitment. Through Project Rangshala, we are training underserved youth in practical application and colour matching skills including digital tools usage, and workplace readiness. If India wants its manufacturing ambitions to hold up, we need to invest in the hands that build it.”

India and Belgium Agree to Deepen Cooperation in Trade, Investment, and Technology

July 15: India and Belgium have agreed to deepen bilateral cooperation across trade, investment, technology, and innovation, underscoring their shared commitment to strengthening economic ties and fostering sustainable growth. The renewed focus on collaboration is expected to open new avenues for businesses, promote innovation-driven partnerships, and enhance commercial engagement between the two countries.

 Pic Credit: https://x.com/PiyushGoyal

During high-level discussions, both sides explored opportunities to expand trade, facilitate greater investment flows, and encourage collaboration in emerging sectors such as advanced manufacturing, digital technologies, clean energy, life sciences, semiconductors, and research and development. The dialogue also emphasized the importance of strengthening industrial partnerships and creating a conducive environment for businesses to explore new markets.

India and Belgium reaffirmed their commitment to enhancing cooperation through regular institutional engagement, business-to-business partnerships, and knowledge exchange. The discussions highlighted the potential to leverage each country’s strengths in technology, innovation, logistics, and skilled talent to drive long-term economic growth and competitiveness.

The two countries also recognized the importance of resilient supply chains, sustainable industrial development, and digital transformation in shaping the future of global trade. Efforts to promote collaboration in innovation, startups, and emerging technologies are expected to further strengthen bilateral economic relations and support the growth of high-value industries.

The renewed commitment reflects the growing strategic partnership between India and Belgium and reinforces their shared vision of expanding trade, attracting investment, and advancing technological cooperation for mutual prosperity. Both sides expressed confidence that closer economic collaboration would create new opportunities for businesses, generate employment, and contribute to stronger and more resilient bilateral ties in the years ahead.

India-UK Free Trade Agreement Comes into Force, Strengthening Bilateral Trade and Economic Cooperation

July 15: The India-UK Free Trade Agreement (FTA) has officially come into force, ushering in a new phase of economic cooperation between the two countries. The agreement is expected to enhance bilateral trade, improve market access, and create fresh opportunities for businesses, exporters, investors, and professionals across a wide range of sectors.

Welcoming the implementation of the agreement, Commerce and Industry Minister Piyush Goyal said the FTA reflects India’s growing economic strength and its commitment to building strong global trade partnerships. He noted that the agreement has been realized under the leadership of Prime Minister Narendra Modi and is expected to deliver long-term benefits for businesses, workers, and consumers in both nations.

 Pic Credit: https://x.com/PiyushGoyal

The FTA is expected to reduce or eliminate tariffs on a broad range of goods, simplify trade procedures, and promote greater collaboration in sectors including manufacturing, textiles, pharmaceuticals, engineering goods, information technology, agriculture, food processing, and professional services. It is also anticipated to encourage higher levels of investment, strengthen supply chains, and improve the ease of doing business between the two countries.

Industry stakeholders believe the agreement will enhance the global competitiveness of Indian exporters by providing improved access to the UK market while opening new avenues for innovation, technology partnerships, and skills development. The agreement is also expected to support employment generation and contribute to India’s long-term export growth strategy.

The coming into force of the India-UK FTA marks a significant milestone in the strategic partnership between the two countries, reinforcing their shared commitment to fostering sustainable economic growth, expanding commercial ties, and promoting mutually beneficial trade in an evolving global economy.

Fintech Fusion India 2026 Returns to Power India’s Financial Architecture for a Viksit Bharat 2047

BENGALURU, July 15:  Fintech Fusion India (FFI) returns on Thursday, 23 July 2026, for a single, concentrated day themed Building India’s Financial Architecture for 2047. Bringing together policymakers, regulators, banks, global institutions, investors and fintech innovators, the event will serve as a collaborative platform to shape the next generation of financial infrastructure that will underpin India’s economic growth as it approaches its centenary.

The 2026 line-up brings regulatory authority and market leadership onto one stage. Some prominent speakers include Shri Kamlesh Chandra Varshney, Whole Time Member, SEBI; Shri R. Gandhi, former Deputy Governor, Reserve Bank of India; Debajyoti Ray Chaudhuri, MD & Director, National E-Governance Services Ltd (NeSL); Rajiv Gupta, President, PB Fintech; Sanmesh Kalyanpur, Director, Finternet; Tanya Naik, Head – Online & Omnichannel, Pine Labs; Anurag Saxena, VP Asia & Regional Office Head, Accion; Kalpana Ajayan, Regional Head – South Asia, Women’s World Banking; Devie Mohan, Founder, Burnmark; and leaders from Emerging Payments Association of Asia, UIDAI, GIFT City, IFSCA, India Blockchain Forum, Digitally, MSME Forum, ICICI, HDFC, Xflow, Sumsub, and many more.

Built on a “Boardroom, Not Ballroom” philosophy, FFI 2026 runs a business stage, supported by an Innovation Zone, invite-only CXO Roundtables, a CXO + Investor Lounge, VC Office Hours, a Startup Clinic and the Pitcher & Pitches arena. Frontier themes on the agenda span AI-led lending, tokenized economies, digital public infrastructure and cross-border fintech corridors. Discussions around agentic AI, Finternet, MSMEs are on the list.

At its core, FFI 2026 is built around the questions that will shape the next decade of financial services: Who will own the next layer of India’s digital financial rails? How can artificial intelligence evolve from experimentation to responsible, enterprise-wide deployment? What will it take to build scalable MSME credit infrastructure? Can tokenisation unlock new models of ownership, liquidity, and capital formation? And how can fintech innovation built in India become foundational infrastructure for global markets?

“2047 sounds distant, but the financial architecture India will run on then is being decided in rooms like this one, now. FFI 2026 exists to make sure the people writing policy, building products and deploying capital are making those decisions together, not in parallel,” said Suman Bhowmick, Co-Founder & CEO, Idea Simplified.

FFI 2026 takes place on Thursday, 23 July 2026, from 8 am to 8 pm at Lalit Ashok in Bengaluru. Delegates passes are available; partnership and exhibitor opportunities are available at fintechfusionindia.com or via partnerships@fintechfusionindia.com.

India Introduces New Services Index to Improve Economic Data Accuracy

July 15: India is set to strengthen its statistical framework with the introduction of a new Services Index aimed at bringing the country’s data systems in line with global standards. The initiative marks a significant step towards improving the measurement of the services sector, which has become a key driver of India’s economic growth.

The proposed index is designed to provide a more comprehensive and timely assessment of services sector performance by capturing trends across a wider range of industries. By adopting internationally accepted methodologies and best practices, the index will improve the reliability, consistency, and comparability of official statistics.

The enhanced statistical framework is expected to support evidence-based policymaking, facilitate more accurate economic analysis, and provide businesses, investors, and researchers with deeper insights into the performance of the services economy. It will also strengthen India’s ability to benchmark its economic data against global peers, improving transparency and reinforcing confidence in the country’s official statistics.

As the services sector continues to contribute a significant share of India’s Gross Domestic Product (GDP), the introduction of the new index is expected to play an important role in monitoring economic activity, identifying emerging trends, and supporting long-term development planning. The move reflects the government’s continued efforts to modernize the national statistical system and ensure that India’s economic data remains robust, credible, and aligned with evolving international standards.