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BUSINESS AND ECONOMY - January 2019

Jan 2019

Jun 14, 2026

Opendoor shuts India operations, 250 jobs affected

Opendoor, a U.S.-based real estate technology company, shut down its India operations in June 2026 as part of a broader restructuring plan. The closure affects around 250 employees across the country, with roles concentrated in operations and customer service. Company executives cited a shift toward automated workflows and a preference to place more operational work closer to customers in the United States. Despite growth in other markets, Opendoor said the decision aligns with its strategy to streamline processes and leverage artificial intelligence to automate routine tasks. The India exit follows similar actions by other global tech firms adjusting footprints in Asia.
  • Opendoor closes India operations in June 2026; about 250 employees affected.
  • Closure part of a broader restructuring and AI-driven workflow shift.
  • Operational work to be located closer to U.S. customers.
  • Another example of global tech footprint adjustments in Asia.

Jun 11, 2026

Reliance and Meta To Build 168 MW Data Centre in Jamnagar, Gujarat

Reliance Industries Limited has partnered with Meta Platforms, Inc. in June 2026 to develop a 168 MW data centre in Jamnagar, Gujarat. The facility will support Meta’s global artificial intelligence infrastructure, bolstering computing capacity and cloud services. Reliance will design, build, and operate the data centre, while Meta will lease the capacity to run its AI workloads and other services. The project aligns with India’s push to expand data centre capacity and digital infrastructure, and it highlights collaboration between a major Indian conglomerate and a global tech firm to grow technology resources in western India.
  • Location: Jamnagar, Gujarat.
  • Capacity: 168 MW data centre.
  • Parties: Reliance Industries Limited and Meta Platforms, Inc.
  • Purpose: Support Meta’s global AI infrastructure.
  • Arrangement: Reliance to develop/operate; Meta to lease capacity.

Jun 09, 2026

Assam Exports GI-Tagged Tezpur Litchis to Dubai and Singapore

Assam exported its first consignment of GI-tagged Tezpur litchis to Dubai and Singapore in June 2026. The shipment, facilitated by APEDA, promotes Indian agricultural products in international markets. The flag-off ceremony was held at the Tezpur District Library in Sonitpur district. Tezpur litchis are known for their unique sweetness, aroma, and quality. The export is expected to boost income for local farmers and enhance Assam's agricultural exports. The GI tag protects branding and quality, helping farmers access premium markets and ensuring authenticity of Tezpur litchis. Trade officials anticipate continued growth in shipments and broader GI-fruit promotion.
  • GI-tagged Tezpur litchis exported to Dubai and Singapore.
  • Shipment facilitated by APEDA in June 2026.
  • Flag-off at Tezpur District Library, Sonitpur.
  • Litchis valued for sweetness, aroma, and quality.
  • GI tag aids branding, premium markets, and farmer income.

Adani Ports Wins Argentina LNG Marine Services Contract

Adani Ports and Special Economic Zone Ltd. (APSEZ) secured a 10-year marine services contract for Argentina's first LNG export project. The contract marks APSEZ's entry into South America and expands its global marine services portfolio. The project covers vessel support, bunkering, and related coastal services that enable LNG exports from Argentina to international markets. Company officials say the agreement strengthens India's footprint in energy infrastructure abroad and diversifies APSEZ's port portfolio. The award aligns with India's growing maritime sector and could improve connectivity between Indian logistics capabilities and global LNG supply chains.
  • APSEZ secures 10-year marine services contract for Argentina's LNG project.
  • Marks entry into South American energy logistics and expands port operations.
  • Contract includes vessel support, bunkering, and coastal services.
  • Strengthens India's corporate footprint in overseas energy infrastructure.
  • Could enhance LNG exports from Argentina to global markets.

Jun 05, 2026

T-Mobile Hyderabad Centre Opens as Global Tech Hub

T-Mobile USA opened its first Global Technology Centre outside the United States in Hyderabad. The facility will focus on software engineering, cybersecurity, cloud technology, data analytics and artificial intelligence. The move strengthens ties with India’s tech talent pool and signals continued foreign corporate investment in IT services and product development. Hyderabad is already a major tech cluster, with capacity to support large-scale research and development. The centre is expected to collaborate with local universities and startups, enhancing innovation output and contributing to the region’s status as a key technology hub in southern India.
  • T-Mobile opens first non US Global Technology Centre in Hyderabad.
  • Centre focuses on software, cybersecurity, cloud, data analytics and AI.
  • Strengthens India–US corporate tech collaboration.
  • Hyderabad’s tech ecosystem gains an additional global investment.
  • Potential for university collaboration and startup engagement.

Jun 04, 2026

India leads in U.S. unicorn founders; immigrant entrepreneurs drive US startups

India leads in the United States as a country of origin for immigrant founders of U.S. unicorn startups. A National Foundation for American Policy report shows Indian immigrant founders have founded or co-founded 96 U.S. unicorn companies. Immigrants overall founded or co-founded 455 of 775 privately held U.S. billion-dollar startups, meaning immigrant founders are linked to 59% of such companies. Founders come from 76 countries, underscoring the global talent contributing to America’s innovation economy. The findings highlight India's growing role in the U.S. startup ecosystem and the impact of cross-border entrepreneurship on high-value companies.
  • India leads as origin for U.S. unicorn founders
  • NFAP report cites 96 Indian immigrant-founded unicorns
  • Immigrants total: 455 of 775 U.S. unicorns
  • 49%? Actually 59% of unicorns linked to immigrant founders
  • Founders from 76 countries; strong cross-border entrepreneurship
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