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Anthropic, an OpenAI competitor, appointed Rahul Patil as Chief Technology Officer. Patil, an Indian-origin leader, previously served as CTO at Stripe. He succeeds co-founder Sam McCandlish. Patil is an alumnus of Bengaluru’s PES University. He also holds degrees from Arizona State University and the University of Washington. Anthropic recently raised $13 billion.

Markets regulator Sebi began discussions on overseeing family offices, seeking disclosures on their assets and investments due to their growing market influence. Despite earlier talks about potential new regulations, Sebi later clarified it is not currently considering a regulatory framework for these powerful investment vehicles, which have become dominant players in India’s financial landscape.

Finance Minister Nirmala Sitharaman declared India’s economy resilient, driven by robust domestic consumption and investment, mitigating external shocks. RBI Governor Sanjay Malhotra underscored India’s stability amid global turbulence, projecting 6.8% growth for FY26. Despite international trade challenges and geopolitical realignments, India is deepening structural reforms, including GST changes, to maintain its status as the world’s

The US Treasury is reportedly considering a $1 coin featuring Donald Trump for the nation’s 250th anniversary. Treasurer Brandon Beach shared a draft on X, depicting Trump’s profile and a “FIGHT, FIGHT, FIGHT” slogan. While a final design isn’t chosen, the proposal highlights Trump’s leadership.

GST reduction on 375 items boosted consumer spending. Navratri sales reached a decade high. Government officials cited industry data. Families upgraded vehicles and bought white goods. This turned festive cheer into record consumption. Brands and retailers reported sales growth. This provided a boost for India’s consumption-driven economy. Car bookings also saw an increase.

Abu Dhabi’s International Holding Company (IHC) will acquire a 41.2% stake in Sammaan Capital (formerly Indiabulls Housing) for Rs 8,850 crore, marking India’s largest foreign investment in the NBFC sector. This $1 billion deal triggers an open offer, potentially increasing IHC’s holding to 63.4% and classifying it as a promoter with board control.

India’s capital markets are demonstrating remarkable resilience, driven by robust domestic investor support, which is enabling a surge of startups to go public. This trend provides crucial liquidity for venture capitalists like Peak XV Partners, allowing them to exit investments. Peak XV, post-Sequoia split, is expanding globally while continuing to bet on Indian consumer, fintech,

A senior ASML executive stated European policymakers are difficult to reach. He found Indian government officials more accessible. ASML CEO Christophe Fouquet held a two-hour meeting with Prime Minister Modi. Modi listened intently and asked for improvement areas. This interaction shows India’s engagement with global industry leaders. Such direct dialogue is valued by companies.

Government efforts to boost India’s electronics component ecosystem attracted over Rs 1.1 lakh crore in investment proposals. This amount is almost double the initial target. The applications could generate Rs 10.3 lakh crore in new production. Many global and domestic firms submitted proposals. This initiative aims to establish India as a global electronics component supplier.