Bank of Baroda Recognised as 'Best Bank in India' by the Banker
Bank of Baroda (BoB) was honoured as the 'Best Bank in India' at the Bank of the Year Awards 2025 – Asia-Pacific, organised by The Banker magazine, a respected publication of the Financial Times. This recognition highlights the bank's rapid transformation, innovative banking services, and its expanding role in strengthening India's financial ecosystem.
One of the major reasons for BoB's recognition is its successful rollout of phygital branches—a blend of physical and digital banking.
Dec 13, 2025
TCS to acquire Coastal Cloud for $700 million (all-cash)
Tata Consultancy Services (TCS) has signed a definitive agreement to acquire Coastal Cloud, a US-based Salesforce consulting firm, in an all-cash deal valued at $700 million. Coastal Cloud, founded in 2012, provides AI-led advisory and business consulting to help clients reimagine sales, service, marketing, revenue, and commerce. With this acquisition, and the earlier ListEngage deal in October, TCS says its Salesforce practice ranks among the top five Salesforce consulting firms globally. Coastal Cloud was nominated to the Salesforce Partner Advisory Board, a move that supports product innovations and new service development. The deal deepens TCS’s cloud and AI advisory capabilities for enterprise clients.
$700 million all-cash deal for Coastal Cloud.
Coastal Cloud founded in 2012; specializes in Salesforce and AI-led advisory.
Follows October acquisition of ListEngage.
TCS positions itself among top five Salesforce consulting firms globally.
Coastal Cloud named to Salesforce Partner Advisory Board.
BMW names Milan Nedeljković as new CEO; start date 14 May 2026
BMW Group announced a leadership change, naming Milan Nedeljković as the new chief executive officer, replacing long-serving Oliver Zipse. Nedeljković will officially assume the top post on 14 May 2026, with a mandate running through 2031. The decision comes as BMW navigates rapid shifts in the global auto sector, including electric vehicle expansion, software-driven services, and new mobility ecosystems. The supervisory board said the transition will ensure continuity while pursuing the company’s strategy of performance, efficiency, and sustainable growth. Analysts note competition remains intense in key markets such as China and the United States, placing urgency on execution of the next phase.
Appointment of Milan Nedeljković as CEO; start date 14 May 2026.
Executive mandate to run through 2031.
Focus on electric vehicles and digital innovations.
Strategic emphasis on maintaining position in China and the United States.
Dec 12, 2025
Rupee hits record low; RBI intervenes to curb losses (11 December 2025)
The Indian rupee slipped to a record low near 90.46 per US dollar, prompting a cautious RBI intervention to stabilize markets. The currency, pressured by global trade tensions, export declines, and portfolio outflows, has faced continued volatility this year. Analysts expect limited intervention unless declines accelerate. The central bank’s move aims to temper fluctuation and provide some stability for importers and exporters amid a challenging macro backdrop. The episode highlights the sensitivity of India’s external sector to global dynamics and the ongoing need for prudent macro-financial management.
Rupee hits record low close to 90.46 per USD on 11 December 2025.
RBI reportedly intervenes to stabilize currency volatility.
Drivers include global trade tensions, export pressures, and outflows.
Policy signal: maintain stability while supporting macro fundamentals.
Dec 11, 2025
India and United States hold talks on Bilateral Trade Agreement in New Delhi
In New Delhi, Indian and American officials held talks to advance a Bilateral Trade Agreement. The discussions, led by India's Commerce Secretary Rajesh Agrawal and U.S. Deputy Trade Representative Rick Switzer, focused on reducing trade barriers and deepening cooperation in goods, services, and investment. The talks also touched on relief from U.S. tariffs tied to Indian oil purchases and steps to ease agricultural imports. While officials described the discussions as constructive, they stressed that negotiations are ongoing. A successful agreement could broaden market access for Indian exporters and create closer economic alignment with the United States.
Bilateral Trade Agreement talks in New Delhi between India and the U.S.
Leaders: Commerce Secretary Rajesh Agrawal and USTR Rick Switzer.
Topics: barriers, goods, services, investment, tariffs on Russian oil.
Officials described talks as constructive; negotiations ongoing.
Possible outcomes: greater market access for India; closer U.S.-India economic ties.
Rupee weakens against the dollar amid mixed global cues
The Indian rupee weakened to around 90.21 per U.S. dollar on December 11, 2025, pressured by broad dollar demand from corporate clients and net outflows. Market analysts noted the move came despite a supportive tone from the U.S. Federal Reserve, which cut rates but saw renewed currency pressures due to trade dynamics and external financing considerations. In New Delhi, negotiations with the United States on trade terms continued, and RBI-related liquidity management measures were discussed. Traders expect volatility to persist until tariff and trade negotiations show clearer progress, with investors watching domestic macro data and policy signals.
Rupee around 90.21 per USD on Dec 11, 2025.
Dollar Demand from corporates and outflows weigh on rupee.
Fed rate cut provided some relief; broader pressures persist.
Market volatility linked to tariff and trade progress.
Amul extends regional sponsorship with Argentina Football Association
Dairy brand Amul announced the extension of its partnership with the Argentina Football Association (AFA) as Official Regional Sponsor for another season. This marks Amul’s continued presence in Argentine football during the World Cup 2026 period and makes it the first Indian regional sponsor in Argentine football since 2022. The sponsorship aims to boost Amul’s brand visibility in football-loving markets and to promote mutual marketing opportunities across the region, reflecting growing cross-border brand collaborations between Indian companies and Latin American football ecosystems.
Amul extends sponsorship with Argentina Football Association (AFA).
Official Regional Sponsor for World Cup 2026 period.
First Indian regional sponsor in Argentine football since 2022.
Aims to boost brand visibility through football partnerships.
Signs continued cross-border collaboration between India and Argentina.
Amazon to invest USD 35 billion in India by 2030
US-based technology and retail group Amazon announced a plan to invest USD 35 billion in India by 2030. Amazon’s Senior Vice President for Emerging Markets, Amit Agarwal, made the disclosure at the sixth edition of the Amazon Smbhav Summit in New Delhi. The investment supports India’s growth vision, labeled Viksit Bharat, and targets expansion of artificial intelligence capabilities, logistics infrastructure, and support for small businesses. The company projects the move will create about 1 million direct, indirect, and seasonal jobs across the country. The commitment reinforces India’s role in Amazon’s global expansion strategy and its aim to deepen digital commerce and cloud services in the Indian market.
USD 35 billion investment planned in India by 2030.
Announced by Amit Agarwal at Amazon Smbhav Summit, New Delhi.
Focus on AI capabilities, logistics, and SME support.
Projected to create about 1 million jobs (direct, indirect, seasonal).
Aligned with India’s Viksit Bharat growth vision.
Dec 10, 2025
Bitcoin MENA 2025 wraps up in Abu Dhabi with global finance focus
Bitcoin MENA 2025 concluded at the ADNEC Centre, Abu Dhabi, on December 9, 2025, after two days of discussions on digital finance transformation. The event drew more than 12,000 attendees from over 100 countries, featuring discussions on crypto adoption, regulation, and institutional investment. UAE regulators, including the Virtual Assets Regulatory Authority (VARA) and the Securities and Commodities Authority (SCA), and zero-tax treatment for personal crypto gains, contributed to a favorable regulatory climate. The conference signaled Abu Dhabi’s growing role as a regional hub for digital assets and fintech innovation, with speakers highlighting infrastructure, policy, and market developments.
Bitcoin MENA 2025 held on 8–9 December in Abu Dhabi; wraps on 9 December.
Over 12,000 attendees from 100+ countries; focus on digital finance transformation.
Regulatory frameworks by VARA and SCA discussed; UAE favorable for crypto.
Abu Dhabi positioned as a hub for fintech and digital assets.
Bitcoin MENA 2025 wrap-up: Abu Dhabi hosts crypto and fintech exchange
Bitcoin MENA 2025 concluded in Abu Dhabi with a focus on digital finance transformation and crypto adoption. The event drew more than 12,000 attendees from over 100 countries and featured discussions on regulatory frameworks, institutional investment, and fintech infrastructure. UAE authorities highlighted clear rules and a supportive ecosystem, including the Virtual Assets Regulatory Authority and the Securities and Commodities Authority. The conference reinforced Abu Dhabi’s growing status as a regional hub for digital assets and investment, with industry leaders stressing collaboration between regulators, financial institutions, and technology firms to drive innovation while ensuring consumer protection.
Bitcoin MENA 2025 concluded in Abu Dhabi (9 Dec 2025).
Over 12,000 attendees from 100+ countries; crypto adoption topics discussed.
Regulatory frameworks highlighted by VARA and SCA in UAE.
Abu Dhabi reinforcing status as a digital assets hub.
Adani Group to build Rs 2,500 crore AI-driven green data centre in Telangana
At the Telangana Rising Global Summit 2025, the Adani Group announced a 48-megawatt green data centre in Telangana with an investment of about Rs 2,500 crore. Karan Adani highlighted the facility’s AI-driven design to support cloud services, high-performance computing, and data storage for India’s growing digital economy. The project positions Adani Ports & SEZ Ltd in the data infrastructure space and aligns with national ambitions to expand digital capacity. The centre is expected to bolster regional data capability and attract tech-driven investment. The announcement underscores India’s push to strengthen its data-centre ecosystem across states.
Adani to invest Rs 2,500 crore in a 48 MW green data centre in Telangana.
Facility to be AI-driven for AI, cloud, and HPC workloads.
Part of India's expanding digital infrastructure plans.
Telangana Rising Global Summit 2025 served as the stage for the announcement.
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