Handpicked updates about India’s business and the business of India

Zohran Mamdani, the 34-year-old democrat and son of filmmaker Mira Nair, is NY city's newly elected Mayor and the first South Asian and Muslim to take the office. But the real headline was his victory speech mic drop: he ended it by quoting Jawaharlal Nehru ... followed immediately by the title track, “Dhoom Machale.” This is the ultimate main character energy, proving that the only thing better than The Big Apple politics is Bollywood.

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Today’s reading time is 6 mins.

Global Economy & Workforce Trends
The World Runs On Indian Workers And Now There’s Data To Prove It

Image credits: ET

The Global Talent Engine: For years, it has been an open secret: Indian workers are everywhere. From the ICUs in London to software floors in California to construction sites in the Gulf, Indians have been the invisible backbone of global skilled labour markets. Now it’s official. According to the latest OECD report, India has become the world’s largest source of skilled migrants, sending nearly 600,000 workers to advanced economies in 2023 alone, more than any other country. This isn’t just about numbers. It’s about who is migrating, and why the world wants them.

The Healthcare Engine: One of the sectors where India’s presence is impossible to ignore is healthcare. India is now among the top three countries supplying foreign-trained doctors to OECD nations, and among the top two sources of migrant nurses. The UK’s Health & Care Worker visa, Ireland’s International Medical Graduate Training Initiative, and similar pathways have created structured, legal routes for Indian healthcare professionals to move. These aren’t “brain drain” pathways, they are talent pipelines responding to acute shortages abroad. Simply put: Indian doctors and nurses kept entire health systems running during and after the pandemic. And the world noticed.

Beyond The Hospital, The Skills Spectrum Broadens: The trend is no longer limited to hospitals. Australia is recruiting Indian workers for aged care. Southern Europe is seeking Indian teachers and service workers. Tech and construction sectors continue to absorb Indian talent where local skill gaps persist. This shift marks a departure from the old narrative of Indians leaving for “cash-rich” Gulf jobs. Today’s migration is structured, skilled, and increasingly female, with more women entering caregiving, education, and healthcare roles abroad.

The Fine Print: Demand is High, Rules Are Tight: Countries are tightening work visa rules to ensure fair wages, verified contracts, and compliance but demand isn’t slowing. If anything, it is rising. Ageing populations in Europe and chronic workforce gaps mean the world needs talent and India has it.

What This Means for India: This is both an opportunity and a warning. India is exporting skills faster than it is replenishing them especially in healthcare. While the global market sees Indian talent as capable, reliable, and essential - it’s critical for India to be able to retain and provide opportunities for this talent domestically. 

Tech & Telecom
Maharashtra Leads As First Starlink Partner

Image credits: Mint

Satellite internet in India just moved from speculation to rollout. Maharashtra has become the first state in the country to sign a formal Letter of Intent with Starlink, Elon Musk’s satellite communications company. The partnership aims to bring high-speed internet to rural, remote and underserved regions, areas where laying fibre has either been too slow or too expensive to scale. The agreement was announced in Mumbai, with Chief Minister Eknath Shinde and Deputy CM Devendra Fadnavis present, alongside Starlink executive Lauren Dreyer. For Maharashtra, this ties directly into its “Digital Maharashtra” mission, expanding connectivity to government schools, health centres, tribal belts and difficult terrain districts like Gadchiroli, Nandurbar and Washim.

Why Satellite Internet Matters: Traditional broadband infrastructure in India has grown fast but unevenly. Urban and peri-urban regions have raced ahead, while remote districts still struggle with patchy connectivity. Laying fibre in forested, mountainous or sparsely populated regions is slow, costly and often not commercially viable. This is where Starlink’s low-Earth orbit (LEO) satellite network is designed to step in delivering high-speed internet without needing ground cables. The company projects this as not just a technology solution, but a digital inclusion tool. Schools with no network. Health centres with no telemedicine. Panchayats running offline. Those are the targets.

Starlink’s India Entry Is Now Taking Shape: The partnership signals that Starlink is moving from regulatory paperwork to operational execution. The company has already begun preparing earth gateway stations across Indian cities, lining up the back-end infrastructure needed before commercial rollout. It still requires final licensing, spectrum clearances, and government vetting but this state-level partnership is a strong indicator of confidence and intent.

Business India: Dhanda Hai Yeh!

Image credits: TICE News

Paytm Shifts Focus To Merchants & AI: Paytm reported a 24% jump in revenue, with the company now shifting its emphasis toward strengthening merchant services and expanding loyalty offerings. CEO Vijay Shekhar Sharma stated AI-enabled solutions as a key growth lever going forward. The company aims to deepen merchant engagement and boost transaction stickiness.

SAIL Bokaro Marks Breakthrough In Specialty Steel: SAIL’s Bokaro Steel Plant has successfully produced electrical steel domestically for the first time, marking a significant step toward reducing imports. This steel is crucial for transformers and other electrical equipment. The achievement aligns with India’s goal of strengthening manufacturing self-reliance. Further production and quality testing phases are expected to follow.

India–New Zealand Trade Talks: India and New Zealand are exploring ways to deepen trade cooperation with a long-term partnership view. Discussions include improving market access for goods, boosting dairy and horticulture collaboration, and working on mobility and services ties.

India To Cut Russian Oil Imports: India is set to sharply reduce direct imports of Russian crude from late November after new U.S. sanctions hit key Russian oil firms. Major refiners, including Reliance and state-owned companies, are preparing to pause direct purchases and shift to alternatives from the Middle East, Africa, Latin America, and the U.S. While Russian oil will still enter India via more indirect or complex routes, volumes are expected to fall in the coming months.

Nvidia Deep-Tech Alliance In India: Nvidia has joined the $2 billion India Deep Tech Alliance as a founding member to mentor startups in AI, semiconductors, robotics, and space tech. The company will provide training, tools, and ecosystem support, boosting India’s push to strengthen its deep-tech innovation capabilities. 

World 🌏
AI Bots Are Taking Over The Internet And Businesses Are Feeling The Heat

Image credits: Business Standard

The internet is getting noisier, but not because more people are online. A new report by Akamai reveals a staggering 300% surge in AI-driven bot traffic bots that can browse, click, scrape and mimic human behaviour with increasing sophistication. In other words, the web is now teeming with automated entities, and they’re quietly reshaping how online businesses operate.

The New Wave Of “Smart Bots”: Earlier, bots were easy to spot - repetitive patterns, fast clicks, obvious spam. But today’s AI-enhanced bots come equipped with machine learning and natural language capabilities, enabling them to appear human-like. Akamai’s report notes that: These bots can log in, add items to carts, use search filters, and even mimic device fingerprints. The line between real users and automated activity has blurred dramatically.

This surge in AI bot traffic brings three major pain points:

  1. Distorted Analytics: When bots impersonate customers, business dashboards show fake demand, misleading decision-making.

  2. Price And Content Scraping: Competitors, or malicious actors use bots to steal product listings, pricing models, news content, and proprietary workflows.

  3. Fraud And Account Abuse: Bots are increasingly behind credential stuffing, fake sign-ups, coupon fraud, and inflated ad impressions costing companies millions.

For many firms, the threat is invisible until revenue dips or systems strain.

Why Now? Lower Barriers, Higher Motives: AI models are now cheap, easy to run, and widely accessible. Bot frameworks can be deployed with minimal coding. The incentive? Competitive advantage, fraud, or simply automated scraping for AI training datasets. What Can Businesses Do? Akamai advises shifting from rule-based filters to behavioural detection, device verification, and AI-powered bot management systems. Essentially, companies need AI to fight AI.

DuniyaDIARY 🌏📒

Image credits: MotorBiscuit

Canada’s Talent Fast-Track For H-1B Holders: Canada announced a streamlined immigration pathway aimed at H-1B visa as part of a broader strategy to attract global talent. The new plan offers faster permanent residency and supports highly skilled workers in tech, engineering and other specialised fields.

China Bans Foreign AI Chips In State Data Centres: China has imposed a ban on the use of foreign AI chips within state-funded data centres, intensifying its drive for technological self-reliance. The policy targets high-performance chips from U.S. and other suppliers, compelling domestic alternatives to fill the void.

Russia’s Crude Exports Take A Hit As U.S. Sanctions Kick In: Russia’s crude oil deliveries have dropped significantly as new U.S. sanctions bite, disrupting previously steady export routes. Major tankers have rerouted or delayed shipments, and buyers are increasingly cautious about dealing with sanctioned entities.

Tesla, Inc. Facing Crucial Vote On Musk Pay Package: Shareholders of Tesla are set to vote on November 6 on a proposed compensation deal for Elon Musk that could potentially reach up to US $878 billion in company stock. One of Tesla’s major investors, Norway’s sovereign wealth fund, has already declared it will vote against the package citing concerns about its size, dilution of shareholder value and lack of key-person risk mitigation.

American Airlines Announces Job Cuts After Q3 Loss: American Airlines has announced that it will eliminate several hundred management and support roles at its Fort Worth, Texas headquarters, following a third-quarter loss of US 17 cents per share. The carrier said the workforce adjustment is necessary to align its cost structure with current demand and to improve operational efficiency.

Apple Preps First Budget Mac: Apple is reportedly developing a Mac laptop, codenamed “J700”, aimed at the sub-US $1,000 segment, a first for the company that has historically focused on premium devices. The device is expected to use an iPhone-derived processor and a smaller LCD display, targeting students, casual users and potential Chromebook or entry-level Windows laptop buyers.

SoftBank Hit By $32B AI Selloff: SoftBank Group’s market value plunged by around $32 billion as Asian firms tied to artificial-intelligence saw sharp declines. The 14 % drop in SoftBank’s shares reflected broader investor scepticism over inflated valuations in the AI sector.

Epic & Google End 5-Year App Store Feud: Epic Games and Google have reached a landmark settlement to end their five-year antitrust fight over Android’s app-distribution model. Under the deal, Google will reduce developer fees and allow rival app-stores to operate more freely within the Android ecosystem.

McDonald’s Warns Of Weak Low-Income Demand: McDonald’s saw its global sales rise thanks to value-oriented deals and new menu items, yet its CEO openly flagged concern over a steep drop in visits from lower-income consumers. While higher-income diners kept coming in, the weaker performance among budget-sensitive customers casts a shadow over future growth.

Aur Batao 📰

ISRO’s Bahubali, India’s Space Story New Muscle: ISRO successfully launched its heavy-lift LVM3-M5 rocket, often referred to as “Bahubali,” marking a significant boost to India’s space launch capacity. The mission carried multiple foreign satellites, reinforcing India’s growing role in the global commercial launch market.

Pant Back For South Africa Tests: The BCCI has announced India’s Test squad for the upcoming series in South Africa, with wicketkeeper-batter Rishabh Pant making a much-anticipated return after recovering from his 2022 accident injuries. Pant’s comeback is expected to strengthen India’s middle order and wicketkeeping depth.

Signal Violation Behind Chhattisgarh Crash: An initial investigation into the Chhattisgarh train collision has found that the crew of the passenger train failed to stop at a red signal, leading to the crash with a stationary goods train. The passenger locomotive reportedly overshot the signal before the collision occurred. The incident resulted in multiple casualties and injuries, prompting a detailed safety review and potential disciplinary action as authorities continue further technical and operational assessments.

THAT’S ALL FOR TODAY!

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