In a major statement underscoring India’s clean energy ambitions, Union Minister of Commerce and Industry, Consumer Affairs, Food and Public Distribution, and Textiles, Piyush Goyal, highlighted that the country has achieved an unprecedented 4000% growth in solar power capacity over the last decade, with total installed renewable energy capacity reaching 227 GW as of mid-2025….
In a significant strategic announcement, Anil Agarwal, Chairman of Vedanta Resources, has unveiled an ambitious ‘3D’ roadmap for Vedanta Ltd to double its size in the coming years by focusing on three pillars: Demerger, Diversification, and Deleveraging. The announcement was made during the company’s recent investor interaction and board-level strategy review. Vedanta’s ‘3D’ strategy explained…
IndiGo Ventures, the corporate venture capital arm of India’s largest airline IndiGo, has raised Rs 450 crore to accelerate its focus on aviation-linked startups and allied technology ventures. The fund has also announced its first significant investment in Jeh Aerospace, a Bengaluru-based startup working on advanced aerospace engineering solutions. IndiGo Ventures: Strengthening strategic ecosystem IndiGo…
Elon Musk’s satellite internet venture, Starlink, has inched closer to its long-awaited commercial rollout in India after receiving the crucial satellite authorisation from the Indian National Space Promotion and Authorisation Centre (IN-SPACe). This regulatory clearance marks a significant milestone in Starlink’s entry into one of the world’s largest underserved broadband markets. Regulatory green light after…
South Korean electronics giant Samsung is reportedly considering expanding its manufacturing footprint in India as part of its strategic shift to mitigate potential disruptions arising from the current US tariff uncertainty on Chinese imports. This move reflects an accelerating trend among global electronics companies looking to diversify their supply chains and reduce dependence on China…
India’s role in Uber’s global operations continues to deepen, with the ride-hailing giant identifying the country as a critical innovation hub for product development, engineering, and technology solutions. Prabhjeet Singh, President of Uber India and South Asia, highlighted in a recent media interaction that India is no longer just a growth market but also a…
Reliance Jio has partnered with Swiggy’s Instamart to enable superfast doorstep delivery of its popular feature phones – JioBharat and JioPhone Prima – within just 10 minutes, marking a pioneering move in India’s telecom retail strategy. This integration of essential connectivity devices with quick-commerce is set to transform access to digital services among low-income, elderly,…
India’s automobile retail market recorded a healthy 4.84% year-on-year growth in June 2025, with the electric vehicle (EV) segment registering the highest surge, as per the latest data released by the Federation of Automobile Dealers Associations (FADA). This growth reflects a combination of strong urban demand, improving rural sentiment, an expanding EV ecosystem, and pre-GST…
In a significant leadership transition aimed at strengthening its market position and strategic growth, BMW Group India has announced the appointment of Hardeep Singh Brar as its new President and Chief Executive Officer (CEO). The move underscores the German luxury automobile major’s intent to bolster its operations in one of the fastest-growing premium car markets…
India stands at a crucial crossroads in its energy transition journey, where the imperatives of decarbonisation must integrate with the socio-economic realities of millions dependent on fossil fuel-based livelihoods. A recent report has underscored the urgent need for developing a common taxonomy for just transition financing, emphasising that without a clear framework, financing flows will…
In a strategic move to strengthen its debt profile and raise funds for upcoming projects, Adani Enterprises Ltd (AEL) has announced plans to issue Non-Convertible Debentures (NCDs) worth up to ₹1,000 crore, with interest rates reaching as high as 9.30%. This development comes at a time when the Adani Group is actively expanding its infrastructure,…
India’s technology and startup ecosystem witnessed two significant developments this week. Union Minister Ashwini Vaishnaw asserted that India is on track to become a global leader in tech manufacturing, while leading startups urged the government to streamline Aadhaar authentication access to accelerate their growth and financial inclusion initiatives. Vaishnaw’s vision for India’s tech manufacturing revolution…
India’s economic momentum continues to gain strength, with strong signals emerging from the private sector and global investors reaffirming their trust in India’s growth story. In recent economic forums and investor meetings, policymakers and industry leaders emphasised that capital expenditure (capex) across public and private sectors is underway at an accelerated pace, driven by confidence…
In a landmark announcement aimed at accelerating India’s innovation and employment ecosystem, Union Commerce and Industry Minister Piyush Goyal unveiled a ₹3 lakh crore allocation to strengthen research, job creation, and startup development across the country. The comprehensive initiative is expected to transform India’s innovation landscape, positioning it among the world’s top three startup and…
India is on the cusp of achieving consistent 7-8% GDP growth over the next decade if it successfully executes a robust manufacturing strategy and policy reforms, according to Rajiv Memani, newly appointed President of the Confederation of Indian Industry (CII) and Chairman of EY India. Speaking at the CII National Council Meeting, Memani outlined the…
In a strategic move to enhance its global presence, India’s state-run steel giant Steel Authority of India Limited (SAIL) has inaugurated its new office in Dubai, UAE. This expansion marks SAIL’s formal entry into the Middle East business landscape and is aligned with India’s broader metal sector globalisation strategy. SAIL’s Dubai Office: A Gateway To…
In a significant development for India’s metals and mining sector, Jindal Steel & Power (JSPL) has secured a 50-year mining lease for the Roida-I iron ore and manganese block in Odisha. This allocation is set to enhance the company’s long-term raw material security, strengthen its competitive positioning in steel production, and boost the industrial ecosystem…
In a significant market transaction on Wednesday, shares worth approximately ₹574 crore of Emcure Pharmaceuticals Ltd changed hands via a block deal on NSE, triggering active investor discussions on the stock’s medium-term trajectory. According to market sources, global private equity giant Bain Capital is likely to have offloaded part of its stake in the Pune-based…
In a major corporate development, InterGlobe Aviation Ltd, the parent company of India’s largest airline IndiGo, announced the appointment of Amitabh Kant as a Non-Executive Director on its board. The move is being widely seen as a strategic decision to strengthen the airline’s leadership bandwidth amid an increasingly competitive and policy-driven aviation landscape. Who Is…
In a major confidence boost to its European operations, Tata Steel Chairman N Chandrasekaran has said the company is targeting a net profit at its UK business by the end of the current fiscal year. The statement comes amid ongoing restructuring, cost reduction measures, and the £1.25 billion decarbonisation plan at its Port Talbot plant…
India’s coal sector has achieved a major milestone with captive and commercial coal blocks recording a combined production of 15.57 million tonnes (MT) in June 2025, reflecting the Centre’s continued push for coal sector reforms, import substitution, and energy security. This performance marks a substantial growth over last year, driven by enhanced operational efficiencies and…
In a major development reflecting changing global steel trade dynamics, India’s finished steel imports witnessed a steep 27.6% year-on-year decline to 0.89 million tonnes (MT) during April-May FY26, according to provisional data released by the Ministry of Steel. This marks a significant reduction from 1.23 MT imported during the same period last fiscal year, driven…
Tata Motors, one of India’s largest automobile manufacturers, has reported an 8.47% year-on-year decline in total sales for Q1 FY26, reflecting challenges across its commercial vehicle (CV) and passenger vehicle (PV) businesses amid slowing domestic demand and supply chain disruptions in certain segments. The company sold 2,10,415 units in the April-June 2025 quarter, down from…
In a significant regulatory development, the Competition Commission of India (CCI) has ordered an investigation against Asian Paints Ltd, the country’s largest paints manufacturer, for alleged abuse of its dominant market position to stifle competition and restrict dealer choices, raising major concerns over fair practices in India’s booming decorative paints sector. The antitrust body issued…
India’s largest lender, State Bank of India (SBI), has achieved a historic milestone as its balance sheet size has surpassed the Gross Domestic Product (GDP) of nearly 175 countries, highlighting its dominance in Asia’s third-largest economy and the growing global relevance of Indian financial institutions. According to SBI’s FY25 annual report, the bank’s balance sheet…
In a strategic move to strengthen its financial base and consolidate its position as a major real estate developer, Raymond Realty, the real estate arm of Raymond Group, is set to make its stock market debut, marking a new chapter for the textile-to-realty conglomerate. The company plans to capitalise on its robust pipeline of upcoming…
India is taking significant strides to expand its semiconductor ambitions beyond merely setting up fabrication plants (fabs). The government is now shifting focus towards advanced packaging, research in two-dimensional (2D) materials, and strategic “leapfrog” technologies to strengthen its competitiveness in global chip design and manufacturing. From Fabs to a Complete Ecosystem Under the ₹76,000 crore…
India’s trade deficit is projected to widen significantly to around $300 billion in the financial year 2025-26, even as international crude oil prices remain relatively stable, according to a recent report by ICICI Bank’s Economic Research Department. The forecast highlights fresh concerns for policymakers about the pressure on India’s current account balance and the need…
India’s cement industry continues its growth streak in FY26, with May 2025 marking a significant uptick in production and pricing. According to ICRA, cement volumes in May rose by 9% year-on-year (YoY) to touch 39.6 million metric tonnes (MT), buoyed by continued demand from the housing and infrastructure sectors. Average cement prices also climbed by…
A viral LinkedIn post by startup investor Rahul Mathur has reignited debate over India’s widening wealth gap, claiming that just 0.03% of Indian households—roughly one lakh elite families—account for nearly 40% of all discretionary spending in the country. Mathur’s remarks, based on a brokerage report on luxury consumption, offer a raw and data-backed take on…
