GLOBAL LEADERSHIP
Air India plane crash: Boeing CEO cancels trip to Paris Airshow, GE postpones investor day after fatal crash
Following the tragic Air India plane crash, Boeing and GE Aerospace are reducing their public presence. Boeing CEO canceled his Paris Airshow trip. GE postponed its investor day. The Air India Boeing 787 crashed after takeoff from Ahmedabad, killing over 240. GE will send a team to India to investigate the crash.
Niti to map gender equality progress across districts
Niti Aayog along with the ministry of women and child development, has undertaken a detailed analysis of each indicator and sub-indicator under SDG Goal 5, a senior government official told ET.
India slips to 131st position in Global Gender Gap Index 2025
India's gender parity ranking slipped to 131 out of 148 countries in the World Economic Forum's 2025 report, despite improvements in economic participation and health. Political empowerment declined due to reduced female representation in parliament and ministerial roles. Bangladesh leads South Asia in gender parity, while globally, progress is slow, with full parity still over a century away.
Paytm shares crash 10% as Finance Ministry dismisses MDR speculation
Paytm share price plummeted by 10% following the Finance Ministry's denial of impending MDR charges on UPI payments, a fee banks charge merchants. This clarification countered reports suggesting MDR imposition on large UPI transactions. The Payments Council of India had previously requested MDR reintroduction. UPI continues its dominance, processing 18.68 billion transactions in May, totaling ₹25.
Shivnath Thukral steps down as VP of India public policy at Meta
Thukral worked with Meta for 7.5 years. He shared the news in a LinkedIn post on Wednesday.
Over 7.5 crore jobs created in formal sector in last 7 years: Mandaviya highlights India's employment formalisation progress at ILC
Union Minister Mansukh Mandaviya announced that India created over 7.5 crore formal jobs in seven years. India is building a strong digital infrastructure and education-to-employment ecosystem. The ILO acknowledged that 64.3% of India's population now has social protection benefits, up from 19% in 2015. India ranks second globally in providing social protection.
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Zero tolerance for terror, essential to never yield to nuclear blackmail: S Jaishankar
External Affairs Minister S Jaishankar delivered a strong message to Europe, asserting India's zero tolerance policy on terrorism and readiness to strike deep into Pakistan to target terrorists if provoked again. He emphasized the importance of not yielding to nuclear blackmail and highlighted recent military actions as responses to terrorism, not as conflicts with Pakistan.
Nifty target 26,300 through summer; 3 sectors to lead rotation: Laurence Balanco
CLSA's Technical Analyst Laurence Balanco forecasts a bullish outlook for the Nifty, projecting new highs at 26,300 by summer, followed by consolidation and a potential rise to 37,000. He notes a rotation into lagging sectors like smallcaps, broadening market participation. While financials remain key, real estate and PSUs are expected to contribute to sector rotation.
Nidec expands India footprint with launch of Orchard hub manufacturing campus in Hubli, Karnataka
Nidec Corporation launched Orchard Hub, a manufacturing campus, in Karnataka. The facility will produce generators, EV components and energy storage systems. Production is set to begin later this year. The company invested $55 million in the project. Orchard Hub is expected to generate over 2,000 jobs. Nidec aims to make the campus carbon-neutral by 2028.
India's Big 4 - The 'century' should begin by creating them
India aims to cultivate homegrown advisory powerhouses to reduce reliance on foreign consulting firms, addressing national security concerns and fostering domestic IP creation. The government is urged to implement supportive policies, including reserving public contracts, reforming pre-qualification norms, and launching a growth fund to empower Indian firms and promote their global expansion.
Air strikes, Operation Sindoor answer to those imposing war on country: CM Yogi Adityanath
Uttar Pradesh Chief Minister Yogi Adityanath praised 11 years of Modi's leadership, calling it a golden era of development and self-reliance. He highlighted India’s shift from silence to strength in responding to terrorism, citing Operation Sindoor. Adityanath criticized previous governments for passivity and credited Modi for India’s global recognition, corruption-free governance, and strong, decisive leadership.
India's defence sector transformed from import-driven to global exporter under Modi govt: Rajnath Singh
Defence Minister Rajnath Singh highlighted the transformation of India's defence sector under Prime Minister Modi's leadership, shifting from import-dependent to a global exporter. Defence exports surged to Rs 23,622 crore in 2024-25, a significant rise from Rs 1,940 crore in 2014-15.
How this IIM Calcutta programme prepares you for what’s next in supply chain management
Here’s why the Advanced Programme in Supply Chain Management (APSCM) by IIM Calcutta is ideal for professionals navigating the complexity of global and regional supply chains—across sectors such as manufacturing, retail, services, and infrastructure.
Modernisation, self-reliance focus in defence production: PM Modi
Prime Minister Narendra Modi highlighted major strides in India’s defence sector over his 11-year tenure, emphasising modernisation and self-reliance in defence production. Citing a government thread, Modi noted India's growing global partnerships, rise in defence exports from ₹1,940 crore in 2014-15 to ₹23,622 crore in 2024-25, and milestones like the launch of INS Vikrant
JioBlackRock Mutual Fund launches website, unveils leadership team and early access initiative
JioBlackRock Mutual Fund mentioned that its leadership team brings together asset management experience, digital innovation and customer-centric product design. Together, the team aims to deliver JioBlackRock’s mission to transform investing in India by making it more accessible and affordable for millions of people
Baker McKenzie appoints Sunny Mann as next Global Chair
Baker McKenzie has appointed Sunny Mann, the head of its international trade practice, as its new Global Chair, succeeding Milton Cheng in October. Mann, based in London, New York, and Washington D.C., advises on export controls, sanctions, and anti-bribery matters. He will lead the firm amidst a complex global landscape, leveraging its international reach to support clients facing geopolitical disruptions.
Top leaders converge at the 2025 Spiritual & Wellness Summit as MP charts its path to global wellness leadership
Ujjain hosted the Spiritual & Wellness Summit, showcasing Madhya Pradesh's ambition to become a global hub for holistic health and spiritual tourism. Chief Minister Mohan Yadav emphasized the state's commitment to wellness, infrastructure development, and leveraging traditional knowledge.
“It’s no longer a cost thing”: GCCs shift from support units to strategic value creators
The final round of Bosch Conversations in Bengaluru, in partnership with The Economic Times, highlighted the shift of GCCs from being operational outposts to emerging as value engines capable of driving both core transformation and new market creation.
“Evangelize innovation, don’t just execute it”: The new mandate for GCC leaders
Around the world, Global Capability Centres are no longer just doing the work—they’re shaping it. At the final Bosch Conversations roundtable in Bengaluru, industry leaders discussed how GCCs are evolving into innovation hubs with strategic ownership, deeper business alignment, and a growing role in global transformation. Here are the highlights
Advent International to acquire stake in Felix Pharmaceuticals
Advent International is set to invest $175 million in Felix Pharmaceuticals, acquiring a significant minority stake. Felix Pharma, a Dublin-based company, specializes in generic animal pharmaceuticals, particularly for companion animals. With 14 USFDA-approved products and a robust pipeline, Felix aims to expand its global presence with Advent's support and expertise.
India poised to become 3rd largest manufacturing hub: Union Minister Pralhad Joshi
Union Minister for Consumer Affairs and Renewable Energy Pralhad Joshi on Sunday expressed strong confidence that India is on track to transform into a global manufacturing hub, citing the country's supportive environment, abundant resources, and dynamic youth.
India following zero-tolerance policy towards terrorism: Rajnath Singh highlights Op Sindoor, calls for global unity
Defence Minister Rajnath Singh on Saturday asserted that India has demonstrated a successful strategy to defeat terrorism, laying out five key positions on how the global community can uproot such activities, and assured retaliation against Pakistan-sponsored terrorism while showing zero tolerance against this menace.
India’s agri sector transformed by five-fold budget surge over 11 years: Govt
The Indian government announced a significant transformation in the agricultural sector over the past 11 years, driven by increased budgetary support and farmer-centric schemes. This has led to a surge in foodgrain production, rising MSP for key crops like wheat and paddy, and substantial financial assistance to farmers through PM-KISAN and Kisan Credit Card schemes.
India calls for global facility for disaster risk reduction
India has advocated for a UN-backed global facility to enhance disaster risk reduction (DRR) efforts worldwide, addressing a critical gap in international financial support. PK Mishra highlighted the necessity of a dedicated mechanism to aid vulnerable nations in preparing for climate-related disasters. The call emphasizes nationally driven frameworks supported by diverse financial instruments like risk pooling and insurance.
Dell Technologies appoints Manish Gupta as president, MD for India
Gupta brings over 25 years of extensive experience in the IT sector, with more than a decade at Dell Technologies in leadership roles. Prior to this position, he led global alliances, channel engagement, and strategy development for APJC. He has also served as vice president of the Infrastructure Solutions Group in India, where he contributed significantly to Dell’s growth and success.
ET Graphics | Bricks, bytes & bamboo: How green buildings are quietly rerouting India’s skyline
India is making strides towards net-zero goals. Green buildings are becoming more common. Sustainable construction is growing nationwide. India ranks third globally in LEED-certified spaces. This contributes significantly to global green building efforts. Eco-friendly real estate is changing construction. Housing, offices, schools, airports, IT parks, and hospitals are all impacted. This shift is reshaping how buildings are built and used.
India's big data superiority to drive next global tech breakthrough: Former WEF MD Claude Smadja
Drawing on his 53 years of engagement with India, Smadja described the country's journey as a "roller coaster" of hope and setbacks, often derailed from economic growth by distractions. Now, he said, India must seize this critical juncture to accelerate its technological innovation and catch up with global leaders.
Pradeep Parameswaran elevated as Uber’s global mobility head in top-level rejig
Pradeep Parameswaran, former Uber India head, has been promoted to global head of mobility amid a leadership shake-up. He replaces Andrew Macdonald, now COO. This marks Parameswaran’s second promotion in a year. Uber continues to elevate Indian-origin executives, with key roles held by Sachin Kansal and Praveen Naga in tech leadership since October 2024.
US Secretary Howard Lutnick was very positive about India-US equation: Kumar Mangalam Birla
Kumar Mangalam Birla expressed optimism about India-US trade relations following Howard Lutnick's positive remarks on the partnership. Lutnick highlighted the strong friendship between Prime Minister Modi and President Trump, anticipating a trade deal soon. Usha Vance also recalled her fond visit to India, emphasizing the deepening ties between the two nations.
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