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Latest Economy Observer report from Dun & Bradstreet reveals downward revision in GDP growth forecast for FY2025-26

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MUMBAI, India, May 12, 2025 /PRNewswire/ — Dun & Bradstreet, a global leader in business decisioning data and analytics, has released its Economy Observer report for May 2025. Economy Observer is a monthly report sharing in-depth analysis of key macroeconomic developments in India and provides forecasts for key economic indicators, and insight into the expected direction of the Indian economy.

Key economic forecast:

Real Economy: Dun & Bradstreet has revised its GDP growth forecast for 2025-26 to 6.3% from 6.8%, reflecting rising global uncertainties and external headwinds such as U.S. tariff pressures and ongoing trade tensions that continue to weigh on exports and private investment. However, the Reserve Bank of India’s shift in policy stance to ‘accommodative’, coupled with the potential for further rate cuts, signals a proactive effort to stimulate domestic demand. At the same time, domestic factors, liquidity conditions, and some positive performing sectors as reflected in the recent Index of Industrial Production (IIP) data are expected to offer partial support. In this context, Dun & Bradstreet projects a moderate improvement in the IIP to 3.2% in April from 3.0% in March, despite ongoing weakness in manufacturing and mining.

Price Scenario: In April 2025, India’s inflation outlook remains favorable, with both retail and wholesale price pressures expected to ease. Dun & Bradstreet forecasts CPI inflation to moderate to 2.8% in April down from 3.3% in March, supported by steady rural consumption driven by welfare measures, that have bolstered agricultural output and rural demand. On the wholesale front, WPI inflation is projected to decline to 1.3% in April, from 2.0% in March, reflecting muted input cost pressures and soft global commodity prices, despite recent volatility in metal markets. While copper prices have surged and other base metals exhibit mixed trends, these are expected to have a more pronounced impact on future inflation and industrial cost structures rather than immediate wholesale price inflation. Overall, the inflation trajectory appears benign in the near term, underpinned by supportive domestic factors and a stable supply outlook.

Money & Finance: India’s financial markets in April 2025 reflect a softening interest rate environment, supported by easing inflation, stable borrowing costs, and cautious credit dynamics. Dun & Bradstreet’s forecast of the 10-year G-Sec yield moderating to 6.7%, 91-day T-Bill yield holding at 6.5%, and bank credit growth rising to 11.5% in April from 11% in March is driven by the RBI’s continued monetary easing—marked by a second consecutive 25 bps repo rate cut to 6.00%—and improving macroeconomic stability. Despite the current liquidity deficit, as evidenced by the muted response to the ₹1.5 trillion VRR auction, which attracted only ₹25,431 crore in bids. The RBI’s ₹40,000 crore OMO purchase further supports liquidity, reinforcing expectations of a gradual recovery in credit and investment activity.

External Sector: In March 2025, the INR/USD exchange rate strengthened to 86.6, Dun & Bradstreet’s forecasts pointing to further appreciation to 85.8 in April and 85.2 by May, supported by easing global inflation and reduced capital outflows. The Reserve Bank of India’s strategic interventions have helped stabilize the currency despite global financial market volatility and speculation in currency markets. A narrower trade deficit of USD 12.5 billion in April, due to lower non-essential imports, along with ₹14,670 crore in net FII inflows, has further improved the balance of payments and reinforced investor confidence, strengthening the rupee.

Arun Singh, Global Chief Economist, Dun & Bradstreet said, “India’s macroeconomic near-term outlook signals cautious optimism, with the RBI steering a delicate balance between growth and macroeconomic stability. Prospects for the manufacturing sector appear strong, with expectations of a shift in demand from U.S. firms moving away from China toward India. Inflation is low because of weak commodity prices, allowing the RBI to cut the repo rate again in April. This will further boost domestic demand, which is already supported by steady rural consumption. India’s recovery will hinge on sustained policy support and the stabilization of the global economic landscape. The path forward, while not without risks, is marked by underlying structural strength and policy agility.”

*Weekly Average ** Dun and Bradstreet Forecasts.”

x

Variables

Forecast**

Latest Period

Previous period

IIP Growth

3.2%Apr-25

3.0%Mar-25

2.7% Feb-25

Inflation WPI

1.3% Apr-25

2.0% Mar-25

2.4% Feb-25

CPI (Combined)

2.8% Apr-25

3.3% Mar-25

3.6% Feb-25

Exchange Rate (INR/USD) *

85.2 May 25

85.7 Apr 25**

86.6 Mar-25

91-day T-Bills*

6.5% Apr-25

6.5% Mar-25

6.5% Feb-25

10-year G-Sec Yield*

6.7% Apr-25

6.7% Mar-25

6.7% Feb-25

Bank Credit

11.5% Apr 25

11% Mar-25

11% Feb-25

About Dun & Bradstreet:

Dun & Bradstreet, a leading global provider of business decisioning data and analytics, enables companies around the world to improve their business performance. Dun & Bradstreet’s Data Cloud fuels solutions and delivers insights that empower customers to accelerate revenue, lower cost, mitigate risk and transform their businesses. Since 1841, companies of every size have relied on Dun & Bradstreet to help them manage risk and reveal opportunity. For more information on Dun & Bradstreet, please visit www.dnb.com.

Dun & Bradstreet Information Services India Private Limited is headquartered in Mumbai and provides clients with data-driven products and technology-driven platforms to help them take faster and more accurate decisions across finance, risk, compliance, information technology and marketing. Working towards Government of India’s vision of creating an Atmanirbhar Bharat (Self-Reliant India) by supporting the Make in India initiative, Dun & Bradstreet India has a special focus on helping entrepreneurs enhance their visibility, increase their credibility, expand access to global markets, and identify potential customers & suppliers, while managing risk and opportunity.

India is also the home to Dun & Bradstreet Technology & Corporate Services LLP, which is the Global Capabilities Center (GCC) of Dun & Bradstreet supporting global technology delivery using cutting-edge technology. Located at Hyderabad, the GCC has a highly skilled workforce of over 500 employees, and focuses on enhanced productivity, economies of scale, consistent delivery processes and lower operating expenses.

Visit www.dnb.co.in for more information.

Click here for all Dun & Bradstreet India press releases.

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/C O R R E C T I O N — Applied Intuition, Inc./

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In the news release, Applied Intuition Collaborates with Heidelberg Materials to Advance Innovation in Quarry Operations with Autonomous Haulage Fleets, issued 30-Apr-2026 by Applied Intuition, Inc. over PR Newswire, we are advised by the company that changes have been made. The complete, corrected release follows, with additional details at the end:

Applied Intuition Collaborates with Heidelberg Materials to Advance Innovation in Quarry Operations with Autonomous Haulage Fleets

Deployment brings intelligent, vehicle-based autonomy to Australia, establishing a new operating model for construction and mining environments.

SUNNYVALE, Calif., April 30, 2026 /CNW/ — Applied Intuition, Inc., a leader in physical AI, today announced its collaboration with Heidelberg Materials, one of the world’s largest integrated manufacturers of building materials and solutions, to deploy autonomous haulage systems for Heidelberg Materials’ quarry operations, starting at a site in Australia.

Applied Intuition will provide its Self-Driving System (SDS) for Construction to support autonomous haulage operations within Heidelberg Materials’ fleet of construction and mining vehicles in Australia. The deployment marks the next real-world application of Applied Intuition’s autonomy platform in industrial environments. Upon successful completion, it will support the expansion of autonomous operations within Heidelberg Materials’ broader Australian network.

The collaboration also challenges the standard industry model. While autonomy solutions traditionally target the largest quarry sites, this system is designed for smaller operations, including those running just two 40-ton trucks, making it deployable across quarry sites of varying size worldwide.

“No two quarry or construction sites operate the same way, with different layouts, constraints and economics,” said Qasar Younis, co-founder and CEO of Applied Intuition. “We’ve built our platform to adapt to that reality. This partnership shows we can take the same core system used in large mining operations and apply it to smaller, infrastructure-constrained quarry sites, scaling it across hundreds of unique locations.”

For Heidelberg Materials, the partnership is aimed at enhancing safety and operational performance. It also reflects the need for an autonomy solution that can operate at large sites and smaller ones too, whereas traditional autonomous haulage systems are often too infrastructure-heavy or costly to scale. For Applied Intuition, it serves as a proof point that its autonomy platform is designed not just for one-off deployments, but for global scale across construction, quarry and mining environments of any size.

Applied Intuition’s system runs directly on the vehicle, with integrated perception, decision-making and safety systems onboard, enabling reliable operation without constant connectivity or heavy site infrastructure.

The collaboration builds on Applied Intuition’s growing presence in construction and mining autonomy and reinforces its broader physical AI strategy. The same core platform has already been deployed in other industries, including trucking and defense, with learnings from each domain contributing to continuous system improvements. Applied Intuition’s SDS platform strategy also enables the company to bring technologies proven in other domains into construction and mining, helping accelerate development and deployment.

Through this project, Applied Intuition demonstrates the range of its autonomy platform, from some of the largest mining trucks in the world to smaller quarry vehicles operating in constrained, lower-infrastructure environments. Together, these deployments highlight the company’s approach to building scalable autonomy for construction and mining from the ground up.

To learn more about how Applied Intuition is building the future of construction autonomy, visit applied.co.

About Applied Intuition
Applied Intuition, Inc. is powering the future of physical AI. Founded in 2017 and now valued at $15 billion, the Silicon Valley company is creating the digital infrastructure needed to bring intelligence to every moving machine on the planet. Applied Intuition services the automotive, defense, trucking, construction, mining and agriculture industries in three core areas: tools and infrastructure, operating systems and autonomy. Eighteen of the top 20 global automakers, as well as the United States military and its allies, trust the company’s solutions to deliver physical intelligence. Applied Intuition is headquartered in Sunnyvale, California, with offices in Washington, D.C.; San Diego; Ft. Walton Beach, Florida; Ann Arbor, Michigan; London; Stuttgart; Munich; Stockholm; Gothenburg, Sweden; Bangalore; Seoul; and Tokyo. Learn more at applied.co.

Correction: An earlier version of this release incorrectly stated the location of the site noted in the first paragraph.

View original content:https://www.prnewswire.com/news-releases/applied-intuition-collaborates-with-heidelberg-materials-to-advance-innovation-in-quarry-operations-with-autonomous-haulage-fleets-302758224.html

SOURCE Applied Intuition, Inc.

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MOREH Demonstrates Production-Ready LLM Inference on Tenstorrent Galaxy, Achieving DGX A100-Class Performance with Improved Cost Efficiency

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Reduces HBM Costs with GPU–Tenstorrent Heterogeneous Distributed Serving
First unveiled at Tenstorrent’s launch event, TT-Deploy, in San Francisco on May 1

SANTA CLARA, Calif., May 1, 2026 /PRNewswire/ — Moreh, an AI infrastructure software company, led by CEO Gangwon Jo, announced that it has successfully validated LLM inference performance on the Tenstorrent Galaxy Wormhole system using its proprietary ‘MoAI Inference Framework.’

Based on tests across leading Mixture-of-Experts (MoE) models—including GPT-OSS, Qwen, GLM, and DeepSeek—Moreh achieved LLM inference performance on Tenstorrent Galaxy Wormhole matching or surpassing NVIDIA DGX A100-class systems, demonstrating a compelling alternative to conventional GPU-centric AI infrastructure.

Moreh also improved cost efficiency by implementing a disaggregated serving architecture that combines GPUs with Tenstorrent Wormhole chips. By utilizing Tenstorrent processors as dedicated prefill accelerators, the company reduced reliance on high-cost HBM and lowered overall infrastructure costs.

The results were first unveiled at Tenstorrent’s launch event, TT-Deploy, held on May 1 in San Francisco.

As a strategic partner of Tenstorrent and a major external contributor to Metalium, Moreh showcased a live LLM inference demo at the event. Building on its experience operating AMD GPU-based production environments in real-world data centers, the company presented its latest technical achievements in ‘Production-Ready LLM Inference on Tenstorrent Galaxy.’

MoAI Inference Framework is a disaggregated inference solution that enables unified operation of heterogeneous GPUs and NPUs—including NVIDIA, AMD, and Tenstorrent—within a single cluster. This allows enterprises to build flexible AI infrastructure strategies without vendor lock-in.

Moreh CEO Gangwon Jo stated, “Achieving production-grade LLM inference performance and stability on Tenstorrent-based systems marks a significant milestone,” and added, “We will continue to enhance performance through deeper optimization across heterogeneous architectures and closer integration with Tenstorrent NPUs.”

Moreh is developing its own core AI infrastructure engine and, through its foundation LLM subsidiary Motif Technologies, is building end-to-end capabilities spanning both infrastructure and model domains. Simultaneously, the company is making its mark in the global market through collaborations with key partners such as AMD, Tenstorrent, and SGLang.

View original content to download multimedia:https://www.prnewswire.com/news-releases/moreh-demonstrates-production-ready-llm-inference-on-tenstorrent-galaxy-achieving-dgx-a100-class-performance-with-improved-cost-efficiency-302760562.html

SOURCE Moreh

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US Startup PerZeption Inc. Announces Collaboration with Alcon Research

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BOSTON, MA, May. 1, 2026 /PRNewswire/ — Advancements in vision correction evaluation require methods that offer both precision and efficiency in detecting clinically meaningful visual differences. Addressing this need, PerZeption is set to present new data validating its AIM+ CSF modeling technology at the Association of Research in Vision and Ophthalmology (ARVO) annual meeting.

Attendees are invited to learn more about this innovative approach during the poster session on May 4, 2026, from 11:15 AM to 1:00 PM, at posterboard #0941.

“We are very excited to collaborate with Alcon, one of the largest companies within the Ophthalmology sector worldwide. “, Dr. Jan Skerswetat said. “The results, presented by Dr Derek Nankivil, indicate that our technology enables rapid, repeatable, and highly sensitive assessment of contrast vision.”

The abstract, titled ‘AIM+ CSF modeling enables efficient detection of clinically meaningful visual differences,’ outlines how PerZeption’s technology supports sensitive, low-burden visual assessment for vision correction evaluation. Data indicates that with approximately six adaptive displays of stimuli and two repeats, studies show around 20 subjects can achieve 90% power to detect a 1 JND (Just Noticeable Difference) change in AULCSF (Area Under the Log Contrast Sensitivity Function). This research also demonstrates AIM+ CSF’s stable repeatability in less than 3 minutes, absence of bias, and robust performance, validating its role as an effective tool for objective visual performance evaluation.

This joint effort highlights a shared dedication to advancing ophthalmology research and developing precise tools for visual assessment. The ARVO annual meeting serves as the world’s foremost event for ophthalmology research, offering a vital platform for sharing scientific breakthroughs and fostering dialogue within the global vision science community.

“In addition to all the exciting research presentations that leverage PerZeption technology at this years’ ARVO meeting, we are also proud to be showcasing PerZeption’s battery of functional tests at our booth, #4027.” Dr. Skerswetat added and noted that there will be opportunities to try out our technology.

This presentation at ARVO represents a significant step in the validation and recognition of PerZeption’s contributions to advanced visual assessment technologies.

About PerZeption Inc
PerZeption delivers vision testing with a rapid, self-administered, and adaptive psychophysical platform delivered via cloud-based software on standard tablets or all-in-one computers. Our flagship platform, Angular Indication Measurement (AIM), enables testing of over 20 visual functions. Our novel approach equips researchers and clinicians with a comprehensive range of visual functions and introduces new tests for which there are no currently available devices. We reduce chairtime. Self-administered tests on a single device in combination with proprietary methods that rapidly assess vision, reduce user’s burden and require minimal training or space, unlike bulky, specialized single-use devices. Finally, cloud-based delivery supports secure in-clinic and remote testing, ensuring consistent, trackable results for clinicians and pharmaceutical companies. 

View original content:https://www.prnewswire.com/news-releases/us-startup-perzeption-inc-announces-collaboration-with-alcon-research-302760563.html

SOURCE PerZeption

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