At Bharat Tex 2025, Prime Minister Narendra Modi expressed confidence in tripling India's textile exports from the current ₹3 lakh crore to ₹9 lakh crore ahead of the 2030 deadline. He highlighted India's position as the world's sixth-largest textile exporter and credited the sector’s growth to decade-long policy consistency and increased foreign investments, which have doubled in the period. Modi emphasized the government’s commitment to strengthening textile manufacturing, boosting employment, and enhancing global competitiveness. This ambitious target aligns with India's broader economic vision of becoming a global leader in textile exports.  

Zoho founder Sridhar Vembu has stepped down as CEO to focus on research and development, appointing co-founder Shailesh Kumar Davey as the new group CEO. Vembu emphasized the need for Indian tech companies to prioritize sustainable growth over short-term valuations, aiming for $100 billion in revenue to drive economic progress. He also advocated for India's self-reliance across various sectors, warning against over-specialization. Additionally, Vembu called for stricter safety measures in adventure sports following the tragic death of a young entrepreneur in a paragliding accident.

    A coalition of 14 U.S. states has sued the federal government, arguing that Elon Musk's appointment as head of the Department of Government Efficiency (DOGE) is unconstitutional. Led by New Mexico, the lawsuit claims Musk’s role bypasses Senate confirmation, violating the Appointments Clause. Attorneys general allege Musk has unlawfully accessed sensitive government data and implemented sweeping changes without oversight. Labeling him a "designated agent of chaos," the plaintiffs seek to block his directives and prevent further unauthorized actions, raising concerns over executive overreach and the legitimacy of his position.    

Blue Origin, Jeff Bezos’ rocket company, is cutting 1,400 jobs—about 10% of its workforce—to streamline operations and boost rocket launches. CEO Dave Limp announced the layoffs, affecting management, R&D, and engineering roles, as part of a broader strategy shift. Despite lagging behind SpaceX, Blue Origin recently tested its New Glenn rocket, designed to launch heavy payloads and support Project Kuiper, Bezos’ satellite broadband initiative. The company aims to scale operations efficiently by 2025, focusing on manufacturing and launch cadence to remain competitive in the private space race.

JioCinema and Disney+ Hotstar have merged to create a new streaming platform, JioHotstar, combining their extensive content libraries. With over 50 crore users and 3 lakh hours of entertainment, the platform aims to provide affordable and personalized entertainment. The service will offer new subscription plans starting at Rs. 149 per quarter. Current subscribers of JioCinema and Disney+ Hotstar will seamlessly transition to JioHotstar. The platform promises AI-driven content recommendations and support for 19 languages, ensuring a more tailored experience for its diverse audience.

Apple's iPhones in China will leverage Alibaba's AI technology, a partnership driven by local regulations requiring collaboration with accredited Chinese companies. This move follows Apple's efforts to find a suitable AI provider, with Alibaba emerging as the chosen partner. The collaboration could enhance Apple's AI capabilities in China and help revive iPhone sales, which have seen a decline due to competition from Huawei. While the partnership is long-term, it’s unclear whether Alibaba will be Apple's exclusive AI provider in the region.  

The Indian government relaxed national security protocols along the Pakistan border to facilitate the construction of the Khavda renewable energy park, the world’s largest, by the Adani Group. The land, near the volatile Rann of Kutch, was previously restricted for security reasons but was reallocated after a change in defense norms. This project, led by billionaire Gautam Adani, has raised concerns due to its proximity to Pakistan and allegations of corruption. The opposition claims favoritism, while the Adani Group denies any wrongdoing. The project which generates 30GW, could power entire nations, and attract global customers like Google.  

Tesla has inaugurated a $200 million Megapack battery factory in Shanghai, its first energy storage gigafactory outside the U.S. Located near Tesla's existing car manufacturing Gigafactory in the Lingang Free Trade Zone, the new facility spans approximately 200,000 square meters and is designed to produce up to 10,000 Megapack units annually, equating to about 40 GWh of energy storage capacity. Each Megapack, an advanced lithium-ion battery system, can store over 3,900 kWh of electricity, sufficient to power approximately 3,600 homes for an hour. This expansion underscores Tesla's commitment to strengthening its energy storage business in China, despite ongoing geopolitical tensions between Washington and Beijing.   

The Reserve Bank of India (RBI) has lifted restrictions on Kotak Mahindra Bank, allowing the bank to resume onboarding new customers digitally and issuing new credit cards. The restrictions were imposed on April 24, 2024, due to supervisory concerns. Kotak Mahindra Bank has taken corrective actions and complied with the requirements needed to address the concerns raised by the RBI. The lifting of restrictions is a significant step towards the restoration of the bank's full operations in customer acquisition and credit card issuance.

The UK government launched a nationwide crackdown on illegal migrants, targeting Indian restaurants, nail bars, and convenience stores. Inspired by US President Donald Trump’s immigration policies, the operation led to 609 arrests and 19,000 deportations since Labour took power last July. The Home Office released a video of migrants boarding deportation flights, stating raids increased by 48% compared to last year. Home Secretary Yvette Cooper defended the move, saying illegal employment exploits migrants and undermines the economy. The Opposition Conservatives called the Labour Party’s immigration bill "weak" and demanded tougher measures.