Topic
services
Business India's services PMI falls to 53.3, hits 4.5-year low as demand, new orders lose momentum
India's services PMI fell to 53.3 in July from 57.4 in June, its weakest reading in 53 months, as new business inflows slowed on softer demand and intense competition. The composite PMI dropped to 54.3, while hiring rebounded modestly and selling prices rose at the fastest pace since April.
Commodities Petrobras Awards Oceaneering Four-Year ROV Services Contract Offshore Brazil
Oceaneering International has secured a four-year contract from Petrobras to provide ROV services offshore Brazil. The contract, awarded to its Brazilian subsidiary, includes two work-class ROVs and tooling packages, with deployment from AKOFS Offshore's vessel Aker Wayfarer starting in 2027.
E-Commerce & Marketplaces The Sale Starts Without You: Winning B2B Buyers Before They Call
B2B buyers now research and shortlist suppliers online before contacting sales. Unilog's CX1 Essentials offers small distributors a cost-effective way to build a professional digital storefront with clean product data and ERP connectivity.
Technology India's AI Services Revenue Hits $12 Billion as Adoption Moves Beyond Pilots: Nasscom
India's technology services industry has reached $10-12 billion in AI services revenue, with nearly 25% of companies moving experiments to production, according to Nasscom. The industry body also noted 2 million professionals skilled in AI and expects agentic AI to unlock $300-400 billion by 2030.
Commodities Semco Maritime Wins Five-Year Offshore Services Contract with INEOS in Danish North Sea
Danish contractor Semco Maritime has been awarded a five-year framework contract by energy group INEOS for onshore and offshore services in the Danish North Sea. The agreement, running from June 2026 to May 2031 with two-year extension options, covers the supply of skilled workers and a range of technical services to support INEOS’s installations.
Autonomous End-to-End SOH Prediction Service Uses Temporal-Contrastive Learning to Cut Error by Half
A new plug-and-play service architecture called TC-SOH uses temporal-contrastive representation learning to predict lithium-ion battery state of health directly from raw operational data, eliminating manual feature engineering. Across four public datasets, it reduces mean absolute percentage error by 1.91 times and root mean squared error by 2.13 times compared to physics-informed and data-driven baselines. The approach also improves model transparency through a suite of representation diagnostics, including visualization and sensitivity analysis.
Manufacturing New Indices to Illuminate Informal Manufacturing Sector
The Indian government is set to introduce new indices to measure production in the informal manufacturing and services sectors. This initiative aims to provide more accurate economic data, reflecting the true state of these sectors post-economic shocks.
Trade India, Australia to Forge Defence Trade MoU
India and Australia are set to develop a Memorandum of Understanding (MoU) on the provision of defence articles and services. This follows the second Defence Ministers' Dialogue, reinforcing their strategic alignment in the Indo-Pacific region.