In a landmark development for India’s infrastructure and cement sectors, Vedanta Group has emerged as the winning bidder to acquire Jaiprakash Associates Ltd (JAL) with a ₹17,000 crore offer, beating out rival Adani Group in a tightly contested race. The acquisition marks one of the largest distressed asset takeovers in recent years and signals Vedanta’s…
India’s textile industry is poised for a transformational leap, with next-generation GST reforms unlocking new growth potential across the entire value chain—from fibre to fashion to foreign markets. The Ministry of Textiles, in coordination with the GST Council, has rolled out a series of landmark tax rationalisations aimed at correcting structural anomalies, reducing production costs,…
German bath fittings giant Hansgrohe is set to quadruple its production capacity in India by 2028, pivoting sharply toward the world’s most populous market amid a slowdown in China’s construction and consumption sectors. The company, known for its premium showers, faucets, and smart bathroom solutions, aims to scale up output at its Mumbai facility from…
India’s solar industry is experiencing a pivotal moment in its clean energy journey, as rising US tariffs on Indian solar exports have unexpectedly strengthened the sector’s domestic focus and manufacturing resilience. With the United States imposing up to 50% tariffs on Indian solar products since August 2025, manufacturers are recalibrating their strategies—shifting from export dependency…
India’s merchandise exports to the United States have already touched 50% of the total value recorded in FY25—within just the first five months of FY26—according to Union Commerce and Industry Minister Piyush Goyal. Speaking at a trade review meeting in New Delhi on September 5, 2025, Goyal emphasized that despite the pressure of elevated US…
India’s consumption-driven economy is poised for a major boost following the rollout of the new Goods and Services Tax (GST) structure, which slashes rates across key sectors including fast-moving consumer goods (FMCG), automobiles, and electronics. Veteran banker and HDFC Vice Chairman Keki Mistry has hailed the reform as a “game-changer,” predicting an immediate uptick in…
India’s chemical sector is on the cusp of a transformative shift, with a massive $25–30 billion opportunity to substitute imports through domestic manufacturing, according to SRF Chairman and Managing Director Ashish Bharat Ram. Speaking to media on September 3, 2025, Bharat Ram emphasized that India’s $4 trillion economy now has the scale to justify investments…
India’s semiconductor ambitions are set to receive a major boost as Intel Corporation gears up for its first strategic involvement in a domestic chip packaging facility. Intel CEO Lip-Bu Tan is likely to visit Odisha later this year for the groundbreaking ceremony of the 3D Glass Solutions (3DGS) semiconductor packaging plant, according to senior officials…
Amid sweeping changes to India’s Goods and Services Tax (GST) structure, the government has officially clarified that alcohol for human consumption will not be impacted by the revised tax rates set to take effect from September 22, 2025. Despite speculation that liquor could become costlier under the new 40% GST slab for sin goods, the…
India must urgently reduce its import tariffs to match ASEAN levels and reconsider joining major regional trade blocs like the Regional Comprehensive Economic Partnership (RCEP) and the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), according to Rakesh Mohan, a key member of the Economic Advisory Council to the Prime Minister (EAC-PM). In a wide-ranging…
