Happiest Minds Technologies, an IT services firm, has unveiled 10 transformation strategies designed to propel the company into its next phase of expansion, including a leadership shakeup, aggressive adoption of generative AI, and a strategic pivot toward SaaS. This ambitious move signals the company's intention to outpace industry growth, even as larger rivals struggle with stagnant performance.
Infosys co-founder Nandan Nilekani believes land asset tokenization can unlock trapped capital and transform India's land market, enabling easier trading, collateralization, and fractional ownership. Nilekani envisions this innovation driving economic growth by increasing liquidity and reducing bureaucracy.
The National Highways Authority of India (NHAI) is threatening to cancel eight major highway projects in Punjab due to the deteriorating law and order situation, which includes violence against engineers and contractors. This could jeopardize the state's infrastructure development and economic growth.
The Reserve Bank of India plans to work with the government to improve its inflation targeting framework to achieve balanced economic growth, also known as the 'Goldilocks conditions'. This approach involves enhanced transparency within the central bank, proactive measures to manage market volatility, and initiatives to internationalise the rupee and globalise India's payment systems.
A disgruntled taxpayer in India expressed frustration over the rising tax burden and perceived lack of returns for middle-class contributors, highlighting concerns about inadequate public services, high indirect taxes, and the feeling of funding "freebies" instead of essential needs. This sentiment resonated with many, sparking a debate on reforming the tax system to alleviate the burden on middle-class taxpayers.