India-Australia Deepen Defence Ties for Indo-Pacific Stability
Australia recognises India’s rising capabilities in high-end defence manufacturing, signalling greater future cooperation with Indian defence firms. While Australia traditionally relied on Western systems, it now views India as a reliable partner in defence production. Defence Minister Rajnath Singh’s upcoming two-day visit to Australia, on October 9-10, highlights the expanding defence partnership, vital for stability…
Vipin
Centre Approves the Project of NaMo Semiconductor Lab
Ashwini Vaishnaw, Union Minister of Information and Technology, has approved the establishment of the NaMo Semiconductor Lab at IIT Bhubaneswar (IITBBS) to strengthen India’s semiconductor ecosystem. An official statement from the Union Ministry, issued on Sunday, states that the project is funded at ₹4.95 Crore under the Members of Parliament Local Area Development (MPLAD) scheme….
Sumit
Abu Dhabi Fund Pledges to Buy 41% Stake in NBFC Sammaan
Abu Dhabi’s ruling family-owned International Holding Company(IHC) has shown interest in buying a 41% stake in India’s Sammaan Capital, previously known as Indiabulls Housing, for Rs. 8,850 crore. At $1 billion, this marked the largest international investment in India’s NBFC sector. The Investment will be made through preferential allotment of equity and warrants at around…
ABHYUDAYA MITTAL
Adani, L&T & Many Others Bid For Fifth-Gen Fighter Jet
The Defence Ministry of India received bids for the Advanced Multirole Combat Aircraft Programme from seven Indian companies to develop and produce next-generation fighter jets. All the leading manufacturers are vying for the opportunity to participate in this massive project. According to the insiders, Adani Defence, Tata Advanced Systems Ltd, HAI, Kalyani Strategic Systems, and…
Himanshu
Amazon, Flipkart’s Biggest Sale Opens at Rs 60,700 Cr
Indian festivals are driving e-commerce growth, with Amazon and Flipkart experiencing high traffic during their major sales events, including Big Billion Days and the Great Indian Festival. A mix of GST reductions, Gen Z shoppers, and high-value purchases has created the perfect environment for the year’s biggest festival season. Indian online sales have marked a…
Yash Sharma
RBI May Lower Rates by 25 Basis Points to Boost Spending
State Bank of India research reports state that they urged a 25-basis-point rate cut, claiming this is “the best possible option” for the RBI. However, some experts believe that the Central Bank’s rate-setting panel will likely opt for a status quo to announce its bi-monthly monetary policy on October 1. RBI Governor Sanjay Malhotra, who…
Shipra Prajapati
US Probes Waaree Energies for Evasion of Solar Tariff
On Thursday, U.S. customs officials announced that they were investigating whether India’s company, Waaree Energy, was using Chinese-made cells and panels, labeling them as Indian, despite the U.S. tariff. US Customs and Border Protection revealed the investigation in a memo to lawyers for Waaree and the American Alliance for Solar Manufacturing Trade Committee. This committee…
PM Modi Cabinet Approves Rs 69,725 Cr For Shipbuilding
On Wednesday, the Narendra Modi-led cabinet approved Rs 69,725 crore for the development of the shipbuilding and maritime sector. The primary aim of this initiative is to improve India’s shipbuilding and maritime sector infrastructure and to increase the production capabilities of the sector. This strategic package comprises four key elements: prioritising the strengthening of domestic…
Swiggy to Sell its Stake in Ride-Hailing Company Rapido
On Tuesday, the Indian food and grocery services platform Swiggy announced the sale of its entire 12% stake, valued at $270 million, in ride-hailing services company Rapido. This decision stems from Rapido’s entry into the food delivery business, which Swiggy perceived as a potential threat, prompting a reevaluation of its strategy. According to the report,…
India set to Become a Chip Powerhouse, Reducing Imports
India aims to enter the Global chip business, but the competition is intense, and its entry is somewhat delayed, as compared to other countries. In 2022, the US restrained the export of its state-of-the-art AI chips to China to prevent Beijing’s access to advanced chips, marking the beginning of the actual semiconductor race. For India,…
