Shares of a leading real estate and infrastructure development company surged nearly 5% in intraday trade on Thursday after it announced winning multiple projects worth Rs 200 crore across key cities in India. The new contracts include residential, commercial, and mixed-use developments, underscoring the sector’s continued growth momentum despite prevailing macroeconomic challenges. Details of Projects…
Reliance Defence, part of the Anil Ambani-led Reliance Group, is poised to invest over Rs 10,000 crore to establish an integrated aerospace manufacturing ecosystem, aiming to roll out India’s first domestically built commercial passenger jet by 2028. The ambitious flight plan signals a strategic pivot for Reliance Defence from its existing naval and land systems…
In a landmark development for India’s pharmaceutical sector, Glenmark Pharmaceuticals has entered into a strategic licensing agreement with US-based AbbVie for its novel small-molecule drug candidate aimed at treating chronic inflammatory diseases. Analysts describe this as a turning point for Indian drug innovation, signalling global recognition of India’s evolving research and development (R&D) capabilities beyond…
Indian refiners are exploring options to import crude oil from Canada to diversify their sourcing basket amid intensifying global energy market uncertainties, according to Atanu Mukherjee, CEO of Dastur Energy. The move comes as Indian oil companies aim to reduce dependence on traditional suppliers such as West Asian producers and Russia, ensuring supply security while…
In a landmark development set to reshape India’s electronics manufacturing ecosystem, Prime Minister Narendra Modi inaugurated the country’s first indigenous semiconductor fabrication facility in Dholera, Gujarat. The facility is a joint venture between Tata Electronics and Taiwan’s Powerchip Semiconductor Manufacturing Corporation (PSMC), marking India’s formal entry into the high-stakes global semiconductor manufacturing industry. The Tata-PSMC…
India’s micro, small and medium enterprises (MSMEs), the backbone of the nation’s employment and manufacturing sector, are grappling with a regulatory ecosystem that is becoming increasingly burdensome, a recent comprehensive report has revealed. According to the study conducted by TeamLease RegTech, MSMEs in India are subject to over 1,000 complex regulations with an annual compliance…
In a strategic move to strengthen its presence in India’s rapidly evolving automotive market, JSW Group is reportedly planning to increase its stake in JSW MG Motor India, aiming to emerge as the single-largest shareholder. The development comes months after JSW Group entered into a joint venture with SAIC Motor, the parent of MG Motor…
India’s auto component industry is staring at an imminent crisis as magnet imports, critical for electric vehicles (EVs) and advanced automotive electronics, face severe supply disruptions. According to Vinnie Mehta, Director General of the Automotive Component Manufacturers Association of India (ACMA), the industry currently has no visibility on magnet import consignments and could exhaust existing…
India is poised to witness a significant rise in its petroleum and other liquid fuel production, with estimates projecting a jump to 5.94 million barrels per day (bpd) in 2026. This development is aligned with the government’s strategic vision to reduce import dependency, enhance energy security, and strengthen its position as a refining and export…
India’s copper imports have surged to unprecedented levels in FY25, resulting in a net foreign exchange outflow of $8.3 billion, as per preliminary trade data compiled by industry bodies and government sources. The sharp rise in imports comes amid domestic production constraints and robust demand recovery across sectors such as power, renewables, electric vehicles (EVs),…
