global value centres

The Department of Development for the North Eastern Region (DoNER) is embarking on an innovative project that blends the exquisite Eri silk from Northeast India with the traditional Kota Doria fabric of Rajasthan. This exciting partnership is poised to generate new job opportunities for artisans and weavers, fostering economic growth in both regions.

But Delhi policy wonks just don’t get it. These centres today are drivers of services exports & GDP growth. Now, India needs a policy to make them catalyse our educational, research, and deep-tech ecosystem

Arundhati Bhattacharya, Naina Lal Kidwai, Chanda Kochhar, Shikha Sharma were all leading some of the country’s largest financial institutions. Today, a striking number of global capability centres run in India by American, European and British banks and financial services firms are led by women. These centres span everything from core banking technology and risk management to advanced analytics and operations, supporting some of the world’s largest financial institutions and increasingly shaping how they function globally

Iran's intention to levy tariffs on the undersea internet cables crossing the Strait of Hormuz has sparked concerns about the stability of global digital networks. This approach may hinder crucial data exchanges, adversely influencing key technology players and the lives of millions across the Gulf, including a large population of Indian expatriates.

Standard Chartered will cut about 7,800 jobs by 2030, roughly 15 per cent of its corporate functions, with back-office hubs in Bengaluru, Chennai, Shenzhen and Warsaw hardest hit. CEO Bill Winters said the Asia-focused bank is replacing "lower-value human capital" with AI and automation, as StanChart targets an 18 per cent return on tangible equity by 2030 and higher income per employee.

Many GCCs have become integral to the global enterprise. But with AI becoming such a powerful technolgy, the next generation of GCCs will not merely have to deliver solutions, they will also have to shape enterprise outcomes, redesign work, orchestrate ecosystems, and accelerate AI adoption at scale. If they don't, they'll lose relevance

Oxford University's Schwarzman Centre for the Humanities, funded by a £185 million donation, integrates teaching, research, and public cultural spaces. This ambitious project aims to bridge academia and society, making humanities relevant to modern issues and demonstrating their essential value. Its global significance lies in its robust support for disciplines facing funding challenges worldwide.

Priyanka Chopra Jonas was honored with the Global Vanguard Honor at the Gold House Gold Gala 2026 for her significant contributions to cross-cultural narratives. She stunned in a unique Amit Aggarwal couture gown, a reimagined two-decade-old Chikankari sari, celebrating Indian craftsmanship. Her career continues to redefine global representation for South Asian talent.

Toronto Maple Leafs captain Auston Matthews is still in the NHL’s top-scorer conversation in 2026, thanks to huge earnings and endorsements. He is also involved with entrepreneur Vanessa Piunno, and both have found financial success on their own. Together, they are a modern sports-business power couple with a growing footprint in hockey, skin-care entrepreneurship, branding and lifestyle markets across North America.

Maharashtra has slashed Value Added Tax (VAT) on Aviation Turbine Fuel (ATF) to 7% from 18% for six months, effective May 15. This move aims to alleviate high fuel costs for airlines, stabilize airfares amid the West Asia crisis and summer travel demand, and reduce operational expenses.

Union HM inaugurates Million Minds Tech Park, GREMI campus

Actor-director Anshuman Jha’s Lakadbaggha 2: The Monkey Business is set for an exclusive market screening at the Marché du Film ahead of its official world premiere later this year. The India-Indonesia co-production blends martial arts action with an environmental message centred around illegal wildlife trafficking and the critically endangered Yaki monkey. Speaking about the sequel, Anshuman calls the Lakadbaggha franchise his “love letter to animals” and says the second instalment expands the story on a larger international scale. He also opens up about taking an independent Indian action franchise to global audiences and how the Indo-Indonesian collaboration organically came together.

Says India Aims To Complement, Not Compete With, Established Global Leasing Hubs

Improved Infrastructure, GST Changes Shift Trade From Mumbai

Commerce and Industry Minister Piyush Goyal chaired a meeting to develop a roadmap for securing Sanitary and Phytosanitary (SPS) approvals for Indian agricultural and fisheries products in global markets. This initiative aims to boost exports, enhance farmer and fisherfolk incomes, and strengthen the food processing industry by improving quality infrastructure and aligning with global food safety standards.