As Middle East tensions continue to intensify, India’s global capability center (GCC) landscape could face some temporary headwinds. Experts, however, said that the country may ultimately gain as companies prioritise stability in their global operations.Multinational corporations including Microsoft, Visa, Intel, Qualcomm, Siemens Healthineers, DHL, Nokia, HP, PepsiCo, Emerson, Lenovo, Johnson Controls and Eaton currently run…

The Reserve Bank of India (RBI) on Wednesday removed the requirement for non-bank entities to obtain prior approval for tie-up arrangements to facilitate outward remittance services through banks in India, PTI reported.The central bank also issued a revised operating framework for facilitating outward remittance services by non-bank entities through Authorised Dealer (AD) Category-I banks.“On a…

Rising oil prices, higher fertiliser costs and supply disruptions linked to the Iran war are beginning to cloud India’s economic outlook, with economists warning that prolonged tensions could push up inflation, slow growth and strain government finances.India, the world’s third-largest oil importer and consumer, imports about 90% of its crude oil requirements, making it among…