TNI Business News Beat – May 7, 2026

TNI Business News Beat – May 7, 2026

Date:

📌 India’s GCC Revenue Nears $100 Billion

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India’s offshore tech hubs and Global Capability Centres generated $98.4 billion revenue in FY26, highlighting the country’s growing dominance in global digital services.

📌 Services PMI Rises Despite Export Slowdown

India’s services PMI climbed to 58.8 in April, supported by strong domestic demand even as export growth remained under pressure.

📌 India’s EV Sales Jump 75% In April

Electric vehicle sales surged sharply across the country in April, with strong demand and Tata Motors continuing to lead the segment.

📌 Samsung Crosses $1 Trillion Valuation Mark

Samsung entered the trillion-dollar market value club as booming global demand for AI chips boosted investor confidence.

📌 SpaceX Plans Massive Chip Facility In Texas

SpaceX has proposed a $55 billion Terafab semiconductor facility aimed at expanding advanced chip manufacturing capacity.

TNI Business News Beat - May 7, 2026

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