Business

India has successfully shielded its fertiliser supply chain from the impact of China's export restrictions by diversifying import sources and securing long-term contracts.

Delivery shortfalls now total over 5,300 aircraft, while the order backlog has climbed beyond 17,000, equal to almost 60 per cent of the world's active fleet. Historically, this figure hovered around 30-40 per cent. The backlog represents nearly 12 years of current production capacity. With an ageing fleet averaging 15.1 years, including 12.8 years for passenger aircraft and almost 20 years for cargo planes, airlines are struggling to replace older jets at the required pace.

The Indian banks are rapidly integrating machine learning models into Financial Crime Compliance (FCC) operations amid rising fraud and regulatory scrutiny, making the traditional rule-based systems inadequate.

IT firms have transitioned from traditional digital transformation projects toward AI-centric engagements, with AI deals now forming nearly 74% of all contracts signed in the last six quarters, the report said. Companies such as TCS, Infosys, HCLTech, Wipro, LTIMindtree and Tech Mahindra reported that the majority of their recent contract wins were focused on generative AI, agentic AI, machine learning and AI-led automation.

India's defence capital spending is expected to remain steady at about 0.5 per cent of nominal GDP, according to a new sectoral update by B&K Research.

Hyundai Mobis launched a new software research and development hub in Bengaluru, marking a major step in its plan to grow its software-defined vehicle (SDV) work and reduce its dependence on China. The move places the South Korean auto parts maker deeper inside India's technology ecosystem, which continues to draw global companies for advanced software work, as per a report by Pulse, the English service of Maeil Business News Korea.