PM Modi Cabinet Approves Rs 69,725 Cr For ShipbuildingÂ
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…
Himanshu
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,…
ABHYUDAYA MITTAL
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,…
Sumit
India-US Set to Renegotiate AÂ Digital Trade DealÂ
US sales of goods and services in India will become easier as both nations are renegotiating a trade deal, focusing on facilitating digital trade. Both parties agreed not to request information about source code, proprietary knowledge, specific technologies, production processes, etc., as a precondition of running a business in India. Through this agreement, numerous sectors…
India & the UAE Sign a Historic Bilateral Trade DealÂ
India and the United Arab Emirates have announced a historic deal to take the bilateral trade of both countries to $100 billion, with non-oil and non-precious metal trade. Both countries plan to take their trade to $100 billion in the next three years, marking a major shift in the global economy. The decision was unveiled…
FMCG Firms Announced to Lower Prices As Per GST 2.0Â
Fast-moving consumer Goods (FMCG) companies announced a price change following a GST council tax rate rejig earlier this month. These changes will come into effect on September 22, including milkshakes, butter, ghee, jams, cheese, frozen products, ice-creams, pickles, coconut water, and tomato puree, reduced to 5% tax from 12%. UHT milk and paneer have been…
Simple Energy Makes India’s First Rare Earth-Free Motor
Simple Energy, a Bangalore-based company, announced that it has started commercial manufacturing of electric motors. The company has made a significant move and has become India’s first original equipment producer without using heavy rare-earth magnets. This development comes as China imposes restrictions on exports of heavy rare earth elements, disrupting the Global EV supply chain. …
Yash Sharma
Swiggy Toing App to Serve Low-Cost Dining Options
Swiggy is launching a new food delivery app called Toing, aimed at price-conscious consumers and initially available in Pune. This marks a strategic shift from their usual test market, Bengaluru, due to Pune’s demographic profile, an active student population and a young workforce, offering greater growth opportunities. According to a source close to the development,…
UPI Gets New Transaction Rules as NPCI Revises Limits Sept 15
India’s Unified Payments Interface (UPI) will see significant enhancements starting September 15, 2025, allowing larger transactions for certain verified merchants. The National Payments Corporation of India (NPCI) has increased transaction limits for high-value sectors such as insurance, investments, travel, and credit card bills. This development aims to facilitate smoother, faster high-value digital payments, encouraging broader…
Vipin
Indian Rupee Records Low Due to US Dollar Heavy Demand
The Indian Rupee hit a fresh low on Thursday, pressured by the US’s heavy dollar demand, which reflects mounting import concerns over the negative impact of US tariffs on India’s domestic growth. The rupee fell to a record low of 88.4425 per dollar last Friday, down from 88.10 in the previous session, breaching its previous…
