India’s tourism sector is poised for robust growth, fueled by a recovering travel market and increasing online bookings. However, industry leaders emphasize the pressing need for improved infrastructure and enhanced hospitality facilities to attract higher international tourist inflows. Aloke Bajpai, CEO of travel platform ixigo Group, highlights recent challenges such as the Pahalgam terror attack, which disrupted a promising surge in Jammu and Kashmir’s tourism.

Neon Cloud, the cloud platform launched by IT firm Progression, has entered a strategic alliance with Virtuozzo, a global full-stack cloud technology leader. This collaboration aims to offer scalable, cost-effective cloud infrastructure and platform-as-a-service (PaaS) solutions tailored specifically to the needs of Indian small and medium-sized businesses (SMBs), startups, and software providers.

A recent comprehensive survey by LocalCircles reveals that nearly 89% of Indian mobile users continue to experience call connection failures and frequent call drops, with 40% reporting these issues regularly. Despite regulatory measures and penalties aimed at improving service quality, the situation has remained unchanged over the past year.

Singapore’s sovereign wealth fund, GIC, is poised to acquire a 2.14% equity stake in Billionbrains Garage Ventures, the parent entity of Indian fintech unicorn Groww. The proposed transaction, filed with India’s Competition Commission (CCI), forms part of a larger capital infusion potentially aligned with Groww’s pre-IPO funding strategy. While the financial technology firm reported a net loss due to one-time tax expenses in FY24, its operational performance and revenue trajectory signal strong underlying growth.

For the first time, India’s unemployment rate has been measured on a monthly basis, revealing a rate of 5.1% in April 2025, according to fresh data from the Ministry of Statistics & Programme Implementation. The new monthly Periodic Labour Force Survey (PLFS) aims to provide more timely insights into joblessness across the country. The survey highlights notable disparities across gender, age groups, and urban-rural divides, with youth unemployment and urban joblessness remaining significantly high.

Singapore Airlines Group posted a record net profit of SGD 2.78 billion for the fiscal year ended March 2025, largely driven by a one-time non-cash accounting gain of SGD 1.1 billion from the Air India-Vistara merger completed in November 2024. Holding a 25.1% stake in Tata Group’s Air India, Singapore Airlines now gains direct access to India’s rapidly expanding aviation sector.

India’s merchandise exports recorded a notable increase of 9.03% year-on-year in April 2025, reaching USD 38.49 billion, according to recent government data. Despite this robust export performance, the trade deficit widened to USD 26.42 billion, driven largely by a 19.12% surge in imports to USD 64.91 billion during the month. Commerce Secretary Sunil Barthwal expressed optimism about sustaining export momentum, underscoring India’s resilience in global trade.

The Reserve Bank of India’s Central Board convened in Mumbai to reassess its Economic Capital Framework (ECF), a critical mechanism guiding the quantum of surplus funds transferred to the government. This review comes at a pivotal time, with expectations mounting for a record-breaking dividend payout—likely to exceed last year’s Rs. 2.1 lakh crore. The final decision will be made at the upcoming board meeting on May 23. As fiscal dynamics tighten and revenue expectations rise, the ECF’s role in balancing financial prudence with fiscal support is under sharper scrutiny than ever before.

Daimler India Commercial Vehicles (DICV), a subsidiary of Daimler Truck AG, reported a robust performance in 2024, posting a 10.5% year-on-year increase in bus sales to approximately 2,200 units. The company also saw a sharp 66% surge in bus exports, signaling growing global traction for its India-manufactured vehicles. Despite facing geopolitical headwinds and domestic uncertainties, DICV attributes its success to strategic product expansion, strong customer focus, and operational resilience.

LT Foods Ltd, the FMCG company behind premium basmati rice brands like Daawat and Royal, reported a consolidated net profit of Rs. 160.51 crore for the fourth quarter of FY25, marking a 6.83% year-on-year increase. The company also surpassed the USD 1 billion revenue milestone, with annual income reaching Rs. 8,769.93 crore. Growth was driven by robust international performance, aggressive brand investments, and an expanding organic product portfolio.