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Economy

Macro stories.

QA and Level-1 support roles most at risk from AI based on FICCI–KPMG skills report

QA and Level-1 support roles most at risk from AI based on FICCI–KPMG skills report

A FICCI–KPMG report at the FICCI Global Skills Summit cites NITI Aayog in flagging displacement risk for QA engineers and Level-1 support agents by 2031, against up to 40 lakh AI-augmented jobs — if large-scale reskilling begins now.

Island Computing opens Indian sovereign cloud, claims 30% cost edge over AWS Mumbai

Island Computing opens Indian sovereign cloud, claims 30% cost edge over AWS Mumbai

Bengaluru startup Island Computing opens its cloud platform on 15 August, pitching Indian jurisdiction to banks and government bodies and claiming 30% lower costs than AWS Mumbai, while disclosing no funding, customers or data-centre locations.

Maersk raises full-year guidance on strong demand, warns of worsening congestion

Maersk raises full-year guidance on strong demand, warns of worsening congestion

Shipping bellwether Maersk sharply raised its full-year profit guidance after a strong second quarter, citing robust demand and higher freight rates, while flagging deepening congestion and rerouting, relevant signals for Indian trade.

Andhra launches handloom-weaver scheme

Andhra launches handloom-weaver scheme

Andhra Pradesh has launched 'Netanna Sevalo', releasing INR 179 crore in direct assistance to 71,536 handloom-weaving families at INR 25,000 each, part of the state's support for a sector employing about 1.27 lakh people.

FICCI-KPMG rail freight report

FICCI-KPMG rail freight report

A FICCI-KPMG knowledge paper argues that improving rail access for MSMEs could unlock the next phase of India's rail freight growth

Andhra signs UAE food-processing pact, with a INR 100 crore first project in Chittoor

Andhra signs UAE food-processing pact, with a INR 100 crore first project in Chittoor

Andhra Pradesh has signed a memorandum of understanding with the UAE Food Cluster to draw Emirati investment into food processing and horticulture exports, with Dubai-based Flour Masters International committing INR 100 crore for the first unit, a food-processing facility at Gangadhara Nellore in Chittoor district. The pact, traced

Post 2026 Budget reactions from Auto sector

Post 2026 Budget reactions from Auto sector

SIAM Statement on Union Budget 2026-27; Mr Shailesh Chandra, President, SIAM and MD & CEO, Tata Motors Passenger Vehicles Ltd "We welcome the Union Budget 2026–27, which continues to focus on long-term, sustained economic growth with a strong emphasis on manufacturing, infrastructure including freight corridors &