Macroeconomic

Is the growth of AI the end of SaaS? Zoho’s newly appointed CEO, Mani Vembu, who has been with the company since 1996 as part of its founding team, thinks otherwise. In this interview with Bhavya Dilipkumar from Moneycontrol, he shares insights on how AI is transforming SaaS, why automation won’t replace software, and how Zoho is adapting to the evolving landscape. From AI-driven industry solutions to Zoho’s enterprise strategy, Mani Vembu reveals the future of SaaS, AI pricing models, and market shifts. He also shares his insights on AI’s impact on SaaS, Zoho’s new organizational rejig, and Sridhar Vembu’s focus areas going ahead.

A Budget amidst macroeconomic uncertainties

The Union Budget 2025-26 aims to balance fiscal consolidation, growth, climate change commitments, and the challenges of demographic transition. Key focuses include green bonds, climate fiscal instruments, boosting female labour force participation, and addressing the care economy and digital infrastructure needs

Layoffs are hard but we know our reality: Krish Subramanian, Chargebee Cofounder

In an interview with Moneycontrol, the Chargebee founder dismissed rumours of a down-round or strategic sale, saying the company is fully capitalised.

G-20 Summit 2023: Maceoeconomic impacts of RBI’s CBDC and its use cases is priority, will be discussed in the coming days

The G-20 Finance and Central Bank Deputies Meeting, under the Indian Presidency, was held in Bengaluru, Karnataka, during December 13-14, 2022, under the co-chairship of Secretary, Economic Affairs, Ajay Seth and Deputy Governor, Reserve Bank of India, Michael Patra.

Tiger Global and Sequoia-backed SaaS unicorn Chargebee lays off 10% staff

In a letter shared with the Chargebee’s team, Subramanian wrote that the company changed its hiring plan to align with priorities.

Need for eternal macroeconomic vigilance to ensure sustained growth: FinMin report

The review cautioned that increased focus of advanced economies on energy security in view of upcoming winter months could elevate geopolitical tensions, testing India's astute handling of its energy needs so far.

India's macroeconomic fundamentals strong; recovery underway: Deepak Parekh

Owing to the second wave, the Indian economy is likely to mirror a similar trend seen in FY21, where the first half of the financial year is weaker and the second half is significantly stronger, he said.

Fed interest rate decision, macroeconomic data to guide stock markets this week

Market participants will also be keenly focusing on the US Fed's plans to tackle the volatility in the bond yields. Rising US bond yields have attracted safe-haven bets and caused a correction in global equities mainly technology stocks recent weeks.

RBI should recruit climate economists and money futurists without delay

Climate change is clearly one of those future risks that could pose significant challenges to the world economy

Bank credit growth till January healthy, driven by retail loans and lending to NBFCs

Credit to NBFCs grew a whopping 48 percent which reflects the bid to provide funds to NBFCs in the aftermath of the liquidity crisis that engulfed the sector since September last year.

Success of Bharat 22 ETF takes govt closer to divestment target

The base issue size was fixed at Rs 3,500 crore. Since it received an overwhelming response, the government has decided to retain Rs 10,000 crore as divestment proceeds.

US markets factoring weak growth; to stay edgy on risks from trade talks, likely no-deal Brexit

To add to the concerns, oil markets have also seen a sudden collapse.

India becomes world's 7th largest stock market by mcap; stocks that could benefit from its rise

The US dominates the global ranking, with $27 trillion mcap, followed by China, Japan, Hong Kong, UK, France and India.

RBI steps in as liquidity deficit widens

Net liquidity of the banking system continues to be in deficit mode for the 10th consecutive week prompting RBI to scale up liquidity infusion

Credit growth well in excess of nominal GDP growth, but will it sustain?

Overall credit pie will still continue to expand at healthy pace as NBFCs are expected to cede their market share in favor of banks, giving boost to the banking system credit growth.

Govt may unveil IIP, WPI with 2011-12 base year by April-end

The change in the baseline for IIP and WPI, currently at 2004-05, is expected to bring in more accuracy in mapping the level of economic activity and calculating other numbers like national accounts.

At RBI policy meet, four members mentioned 'sticky' inflation

While three members highlighted the need to change the stance from accommodative to neutral, four mentioned that inflation excluding food and fuel remains “sticky” at close to 5 percent

Market turns focus to quarterly earnings, macro data

Quarterly earnings from frontline companies -- TCS and Infosys, to begin with -- and release of macroeconomic numbers will decide stock market behaviour this week, say experts.

Macro data, earnings to set market tone this week: Experts

"GDP data and other key economic data release along with global markets trends will dictate market sentiments in the near term," said Vijay Singhania, Founder-Director, Trade Smart Online.

Quarterly results, macro data, global cues to set mkt trend

Market participants are also digesting the fallout of the government's move to demonetise high-value notes.

Nasscom to lower FY17 growth guidance; revision by mid-Nov

"A revision is clearly on the cards, and it will be downwards... after all the second quarter results are over, we will complete our analysis by mid-November," Nasscom President R Chandrashekhar told PTI.

UBS sees tough markets ahead as Q3 profit drops

"Underlying macroeconomic uncertainty and geopolitical tensions continued to contribute to client risk aversion and generally low transaction volumes. Lower than anticipated and negative interest rates still present considerable headwinds," it said on Friday. "These conditions are unlikely to change in the foreseeable future."

China says there is an urgent need for global cooperation

"There is an urgent need for global cooperation in view of the continued slowdown of global trade and investment, as well as the trend of anti-globalisation and protectionism," Governor of the People's Bank of China Zhou Xiaochuan said in his address to the International Monetary Financial Committee.

India still attractive for long-term; like cyclicals: UTI MF

Tough to put a timeline for new highs on Nifty but right now market is breathing a sigh of relief from the fact that US Federal Reserve kept rates unchanged, says Lalit Nambiar, Fund Manager and Head of Research at UTI MF.