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New York Post 

Sacramento created California’s budget problem — billionaire tax won’t fix it

Proponents of California’s proposed Billionaire Tax Act have a story to tell: President Donald Trump and the Washington Republicans cut health care, and so the “billionaire tax” is the necessary response. Then there’s the reality, which we describe in a new paper from the Hoover Institution. Our analysis looks at what Trump’s “One Big, Beautiful Bill” actually does to Medi-Cal, and whether the...

Economictimes.indiatimes.com 

Consumer goods companies chart new manufacturing and sourcing course as West Asia crisis hits supply chain

Indian consumer goods firms like Dabur, Britannia, Tata Consumer Products, and Emami are rerouting manufacturing and sourcing away from West Asia due to the Iran conflict and Strait of Hormuz disruptions. Companies are shifting production to India, Egypt, and Turkey, and exploring new export routes to mitigate business impacts and ensure supply chain stability.

Economictimes.indiatimes.com 

Corporate India posts 25% profit surge in Q4 FY26, but rising costs squeeze margins

Corporate India's March quarter net profit surged 25.3%, driven by non-operating factors, masking operating challenges like rising input costs that squeezed margins. While FY27 outlook is positive with infrastructure focus, risks include commodity inflation and geopolitical issues. Sector-specific performance is expected, with metals and energy poised for growth.

Economictimes.indiatimes.com 

Noel Tata flags unresolved issues; Tata Sons chairman reappointment on hold

That could lead to a deadlock between Chandra and Tata, they said. Tata sought greater clarity from Chandrasekaran on the group’s five-year strategic roadmap, the framework for providing an exit option to Shapoorji Pallonji Group that doesn’t involve Tata Sons going public as well as his formal position on the long-debated matter of the listing.

Economictimes.indiatimes.com 

Clean-label food brand Anveshan raises Rs 150 crore led by Vertex Ventures

Clean-label food brand Anveshan has secured Rs 150 crore in a significant funding round. The investment, led by Vertex Ventures, will fuel expansion into new manufacturing units and product categories. Anveshan aims to make high-quality clean food products accessible to a wider consumer base across India.

Economictimes.indiatimes.com 

India's chip startups cross from prototype to production

Indian semiconductor startups like Netrasemi, Mindgrove, and Agnit are nearing commercial production, with some already running customer pilots and aiming for large-scale output by late 2027. Government incentives are accelerating this progress, but worsening global supply chain pressures, particularly from China, are creating significant production challenges and extending delivery timelines.

Economictimes.indiatimes.com 

Peak XV folds Surge into broader early-stage investing amid executive exits, fewer cohorts

Peak XV Partners is reshaping its Surge seed-investing platform. The venture capital firm is integrating Surge more closely with its overall early-stage investment operations. This move follows team exits and a slower cohort intake. Surge will now offer up to $5 million per company. This recalibration aligns with broader trends among venture firms adjusting their seed-stage strategies.

Economictimes.indiatimes.com 

EV-maker Simple Energy raises Rs 250 crore, eyes IPO in FY28 second half

Bengaluru-based Simple Energy has secured Rs 250 crore in funding to boost manufacturing capacity and expand its retail network. The electric two-wheeler maker plans to increase production significantly and aims for an IPO in the second half of FY28, while also preparing to launch more affordable scooter models.

Economictimes.indiatimes.com 

Crypto exchange Coinbase to introduce INR rails in India

Coinbase has launched direct rupee deposits and withdrawals in India, a move that gives it a significant advantage over rivals like Binance. The exchange aims to capture a large share of both retail and institutional customers by offering over 500 crypto assets and actively engaging with regulators and potential partners to expand its services.

Economictimes.indiatimes.com 

Digital lenders clock strong FY26 on sturdier fundamentals

New-age fintech lenders like Fibe, Navi, and Kreditbee have achieved profitable growth in FY26, demonstrating business maturity despite economic headwinds. This strong financial performance positions them well for planned public listings, with Kreditbee reporting the highest net profit.

Economictimes.indiatimes.com 

Not many openings on Tech St as global red lights stall biz

India's technology job market faces its slowest period in over two years. Active tech job openings have dropped significantly. Global uncertainty, US immigration shifts, and AI adoption are pushing companies to recruit cautiously. This indicates a structural reset in the industry, with revenue growth decoupling from headcount growth. Demand for specialized skills like AI and cloud remains strong.

Economictimes.indiatimes.com 

Cyient to acquire Tao Digital in $218 million all-cash deal

Mid-tier engineering services provider Cyient is acquiring US-based Tao Digital Solutions for $218 million in an all-cash deal. This strategic move aims to bolster Cyient's data, AI, and digital engineering capabilities, expanding its global footprint and service offerings in key sectors like automotive and hi-tech.

Sydney Morning Herald 

Australia’s baby bust

The fertility rate in Australia is at a record low. We explore why we’re having fewer babies – and what that means for the country’s future.




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