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Corporate News - May 2026
ECONOMY
India-Oman CEPA to strengthen energy security, trade resilience and export growth
The India-Oman Comprehensive Economic Partnership Agreement (CEPA) is expected to play a significant role in strengthening India's energy security, export growth and trade resilience, according to a report. The agreement will provide India with duty-free access on over 98% of Oman's tariff lines, covering nearly 99.4% of India's exports by value. By reducing trade barriers and encouraging investment flows, the pact is expected to deepen economic cooperation and create new opportunities for Indian exporters. Bilateral merchandise trade between the two countries grew 5.7% year-on-year to US$11.2 billion in FY26, outperforming several GCC economies. The CEPA is expected to further accelerate trade growth and reinforce Oman's strategic importance as a key economic and energy partner for India.
RBI Projects 6.9% Economic Growth for India in FY-27
The Reserve Bank of India (RBI), in its Annual Report 2025-26, has projected India's economy to grow by 6.9% in FY27 despite global uncertainties. The central bank highlighted India's resilience amid elevated energy prices, supply-chain disruptions, volatile financial markets and trade-related challenges. Inflation is expected to remain under control, supported by adequate food stocks and stable agricultural output. CPI inflation is projected at 4.6% for FY27, though risks persist from commodity price shocks, fuel costs and currency fluctuations. The report underscores India's strong macroeconomic fundamentals and domestic demand as key drivers supporting sustained growth in a challenging global environment.
TECHNOLOGY
India's Data Centre Capacity to Surpass 3 GW by 2028
India's data centre industry is set for rapid expansion, with total capacity expected to exceed 3 GW by 2028, according to a CBRE report. The growth is being driven by rising AI adoption, increasing cloudcomputing needs and strong demand from hyperscalers. Favourable government policies, digital infrastructure development and data localisation requirements are further supporting the sector's growth. Major capacity additions are underway in key hubs such as Chennai, Hyderabad and Delhi-NCR. Industry estimates suggest investments of nearly US$22 billion by 2030 as companies build AI-ready infrastructure, cloud facilities and edge computing capabilities. The surge in digital services, fintech, e-commerce, gaming and streaming platforms continues to fuel demand for advanced data storage and processing infrastructure.
Nvidia Unveils AI-Powered 'Superchip' for PCs and Laptops
Nvidia has introduced its RTX Spark “superchip,” bringing advanced AI capabilities directly to personal computers and laptops. Developed in collaboration with Microsoft, the chip will be integrated into devices manufactured by Dell, Lenovo, Asus and HP. Nvidia CEO Jensen Huang described the innovation as a major step toward reinventing the PC for the AI era. Alongside the RTX Spark, Nvidia also showcased its Vera CPU, designed to support AI agents and high-performance computing applications. The launch signals Nvidia's growing focus on the PC and CPU market, intensifying competition with industry leaders such as Intel, Apple, Qualcomm and AMD while expanding access to AI-powered computing.
ESG
UN Expands Paris Agreement Carbon Credit Framework
The United Nations has approved new rules enabling Paris Agreement carbon credits for projects that reduce nitrous oxide emissions from nitric acid plants, extending the mechanism into heavy industry. The decision, taken by the Article 6.4 Supervisory Body in Bonn, broadens opportunities for industrial decarbonisation while strengthening the credibility of global carbon markets. New standards have also been introduced to address “lock-in” risks, preventing projects from prolonging the use of high-emission technologies inconsistent with long-term climate goals. Additionally, revisions to the additionality framework aim to ensure that emissions reductions are genuinely beyond business-asusual activities, enhancing confidence in carbon credit integrity and climate impact.
SEBI-Backed NISM and IICA Partner to Strengthen ESG Reporting
The National Institute of Securities Markets (NISM) and the Indian Institute of Corporate Affairs (IICA) have signed a strategic partnership to advance ESG reporting, sustainability disclosures and corporate governance capabilities in India. The agreement seeks to enhance research, policy development and professional education across the financial and corporate sectors. Areas of collaboration include ESG disclosure frameworks, responsible investing, governance practices, insolvency, valuation and investor education. SEBI Chairman Tuhin Kanta Pandey noted that the initiative will support stronger governance standards, improve market access for MSMEs and promote transparent sustainability reporting. The partnership also aims to contribute to curriculum development and regulatory research aligned with evolving ESG requirements.
MERGERS & ACQUISITIONS
Wipro to Increase Stake in Aggne Global to 80%
Wipro has announced the acquisition of an additional 20% stake in insurtech company Aggne Global Inc. for US$28.5 million. Following the transaction, Wipro's ownership in the company will rise from 60% to 80%, strengthening its position in the insurance technology and digital transformation space. Aggne Global specializes in insurancefocused technology solutions and consulting services, making it a strategic asset within Wipro's broader technology services portfolio. The acquisition reflects Wipro's continued focus on expanding domain-specific capabilities and deepening its presence in highgrowth digital segments. The transaction is expected to be completed by June 5, 2026.
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Institute of Directors (IOD) is an apex national association of Corporate Directors under the India's 'Societies Registration Act XXI of 1860'. Currently it is associated with over 31,000 senior executives from Govt, PSU and Private organizations of India and abroad.
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Disclaimer: The opinions expressed in the articles/ stories are the personal opinions of the author. IOD/ Editor is not responsible for the accuracy, completeness, suitability, or validity of any information in those articles. The information, facts or opinions expressed in the articles/ speeches do not reflect the views of IOD/ Editor and IOD/ Editor does not assume any responsibility or liability for the same.
