DEVELOPED INDIA
India, EU officials commence next round of trade pact talks
India and the EU on Monday began the next round of talks for a free trade agreement (FTA), aiming to conclude negotiations by year-end. European Trade Commissioner Maros Sefcovic will visit India on September 12 to review progress with Piyush Goyal.
IHG Hotels & Resorts appoints Jaideep Dang as head of development, South West Asia
IHG Hotels & Resorts has appointed Jaideep Dang to lead development in South West Asia. Dang will spearhead IHG's growth strategy across the region. He brings over 22 years of hospitality and real estate experience. India is a key growth market for IHG. The company aims to operate 100 hotels in India within 3-5 years.
Gautam Solar to set up 5 GW solar cell manufacturing plant in Madhya Pradesh at Rs 4000 crore
Gautam Solar is set to invest Rs 4,000 crore in Madhya Pradesh to establish a 5 GW solar cell manufacturing plant, focusing on advanced TOPCon technology. The project, developed in phases, aims to boost domestic solar manufacturing and reduce import reliance. Following Phase 1's completion, the company plans an IPO to fund further expansion into solar wafer manufacturing.
India must build MSME, start-up ecosystems like China: Yogesh Pandit, Director, Pravriddhi at IISc
China has steadily built industrial clusters, enhanced logistics, and provided long-term incentives, enabling its industries to scale globally; India needs to chart a similar path, says Yogesh Pandit.
Tea research funding gap exists in India: Industry organisation
The Indian tea industry faces a significant research funding gap compared to China, according to the Tea Research Association (TRA). TRA chairperson Nayantara Palchoudhuri highlighted that India invests only Rs 30 crore annually in tea research, while China spends over Rs 110 crore.
BrahMos, Akashteer and more: India eyes global arms market after showcasing weapons in Pakistan clash
The skies lit up during the four-day clash between India and Pakistan in May as drones were blasted from the air by missiles that showcased what New Delhi believes is a "new vision" of warfare. "The operation was a sign of the new art of warfare, a glimpse of a new vision, technological advancements and self-reliance," Defence Minister Rajnath Singh said in August.
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Indian semicon consortium bags deal for 5 lakh indigenous cameras
A nine-member Indian consortium led by Kaynes Semicon will supply over 500,000 fully indigenous dash and surveillance cameras by March 2026. With partners like NXP and CDAC, the project aims to localise over 50% of vision hardware by 2026, rising to 90% by 2030, reducing import dependence.
India & Iran to hold FO talks in Tehran; trilateral with Armenia soon
India and Iran are set to hold foreign office consultations in Tehran this week, following a phone call between their national security advisors. Discussions will center on enhancing Chabahar Port operations and the International North-South Transport Corridor.
Before viksit-ing India, save our cities
Recent heavy rains caused severe flooding in Delhi-NCR, particularly Gurgaon. This exposed the area's infrastructure problems. Poor planning and construction are major issues. The government is seeking feedback on infrastructure development. Coordinated urban planning is needed along national highways. Plans must be foolproof and implemented with quality. This is to prevent future breakdowns.
Russia, India and China display tendency to interact in common interests: Sergei Lavrov
Russian Foreign Minister Sergei Lavrov highlighted the growing partnership between Russia, India, and China, noting their shared interests in economic development and improved living standards. This bonhomie, displayed at the SCO summit, drew global attention, even prompting a reaction from US President Donald Trump.
LNJ GreenPET, Japan-based Sumitomo Corp sign pact to create robust r-PET value chain
LNJ GreenPET and Sumitomo Corporation partner for recycled plastic in India. The collaboration focuses on r-PET project. Both companies will study the Indian market. Sumitomo will source r-PET flakes. They will work on sales channels. The partnership aims to boost India's circular economy. It will address plastic waste. The collaboration supports sustainable packaging solutions.
India reaffirms commitment to WTO-centred, fair trade system at SCO Trade Ministers' Meeting
India stressed the scope to leverage the Shanghai Cooperation Organisation's (SCO) collective strengths for shared prosperity at the SCO Trade Ministers' Meeting held in Vladivostok and highlighted the need for export diversification, reducing dependency, and building resilient supply chains, the Ministry of Commerce and Industry said in a statement Sunday.
Adani Power, Druk Green Power to set up a 570MW hydro power project in Bhutan
Adani Power and Druk Green Power Corporation (DGPC) have partnered to develop the 570 MW Wangchhu hydroelectric project in Bhutan, with an investment of approximately Rs 6,000 crore. This project will meet Bhutan's winter power demand and export surplus energy to India during summer.
Techie gets rejected by recruiter due to bizarre reason. Netizens react: 'Company probably can't afford him..'
A software engineer faced rejection despite meeting all job requirements. The candidate applied for a senior role. The company considered him overqualified. This raised concerns among the online community. Some speculate about hidden reasons. These include salary expectations and internal candidates. The incident highlights unclear hiring practices. It also shows potential biases in recruitment processes.
AI-assisted coding rises among Indian tech leaders: Report
A recent survey reveals that Indian tech leaders are embracing artificial intelligence (AI) coding tools. However, they are cautious. Security and over-reliance are major concerns. Strict review processes are in place. Almost all tech leaders use AI tools. They foresee increased usage. Productivity gains are evident. Upskilling is crucial. Human oversight remains essential for code maintainability and security.
AMD to offer 1 lakh hours of free developer cloud access to Indian researchers, startups
The company said it will also provide 1 lakh hours of free developer cloud access to Indian researchers and startups to promote open ecosystems spread over the next three years.
Tea Research Association unveils decaf green tea powder to rival Japanese matcha
The Tea Research Association (TRA) has launched a decaffeinated green tea powder, developed from Assam's elite clones, to rival Japanese Matcha. Unveiled by the Tea Board of India, this innovation boasts 75% less caffeine and enhanced antioxidants. TRA also introduced an AI-powered tool for predicting drought tolerance in tea plants, aiming to boost climate resilience.
Shriram Properties aims Rs 500 cr revenue from 6.5-acre JV project in Bengaluru
Shriram Properties Limited has entered into a Joint Development Agreement to construct a premium residential project on a 6.5-acre land parcel in North Bengaluru. The project will feature a saleable area of approximately 0.6 million square feet, with an estimated gross development value of around Rs 500 crore. Shriram Properties has delivered 48 projects till now.
Stocks in news: Zydus Life, NTPC, HDFC Life, Varun Beverages, TVS Motor
Indian markets closed marginally higher, buoyed by GST reforms signaling a significant tax overhaul. Zydus Lifesciences will introduce a generic multiple sclerosis drug in the US, while NTPC permanently discontinues operations at its Tanda thermal project. Varun Beverages will manufacture visi-coolers through a joint venture, and TVS Motor launched the NTORQ 150 scooter.
RBI panel on financial stability reviews US tariff impact, financial inclusion efforts
The Financial Stability and Development Council convened to address potential economic challenges arising from US tariffs and geopolitical tensions. Discussions centered on simplifying KYC procedures and advancing financial inclusion initiatives outlined in the National Strategy for Financial Inclusion 2025-30. The council emphasized coordinated regulatory efforts to bolster financial sector resilience and closely monitor emerging risks.
PM Modi calls GST reforms a 'double dose of growth' and slams UPA tax policies
Prime Minister Narendra Modi addressed the nation, emphasising the importance of GST 2.0 reforms in strengthening India’s global competitiveness and promoting self-reliance. He interacted with National Awardee Teachers, recognising their vital role in shaping the youth. Modi assured citizens of a “double blast of happiness” ahead of Diwali and Chhath Puja, while criticising the previous UPA government’s taxation policies.
RVNL, Texmaco joint venture set to operationalise by November to boost rail infrastructure
Rail Vikas Nigam Limited and Texmaco Rail & Engineering Limited will form a joint venture. The aim is to develop India's railway sector. A new company will be incorporated by November. The company will focus on railway projects in India and abroad. The total investment for the JV is Rs 200 crore.
Goyal urges industry to pass on GST rate cut benefits to consumers
Union Minister Piyush Goyal urged the industry to pass on the full benefits of GST rate reductions to consumers, calling it the biggest reform since independence. He emphasized that these reforms would boost demand across sectors, supporting India's economic growth and its journey to becoming a USD 30 trillion economy by 2047.
India-Germany agree on gratis visas for student exchange programs
India and Germany have agreed to provide gratis visas for short-term school and college visits to boost student exchanges and educational ties. They are also establishing a bilateral consultation mechanism for the Indo-Pacific region. Discussions encompassed trade, investment, defense, technology, and global issues like the Russia-Ukraine conflict, with India expressing gratitude for Germany's support against terrorism.
New Ordnance company hit record Rs 3,500 crore export
Ordnance Factory Board's seven new companies achieved record exports. They also attained healthy profitability after corporatisation. These factories recorded a net profit in FY25. Defence Minister Rajnath Singh suggested increasing R&D spending. Exports have significantly increased since 2019-20. Munitions India Limited leads in exports. The corporatisation process happened in 2021.
Google techie's success playbook: 3 skills young engineers should master in the age of AI
Harsh Varshney, a Google software engineer, shares insights for young engineers on thriving in Big Tech. While AI has become central to modern engineering, Varshney emphasizes that it’s not enough on its own. Success requires strong computer science fundamentals, deep expertise in AI both as a builder and power user, and the ability to translate knowledge into real-world projects.
World-class learning, Indian impact: Inside Wharton Executive Education’s Chief Financial Officer Program — India
This blended learning program by a legacy institution is bridging Indian CFO ambitions with unmatched credibility and faculty expertise.
Parsvnath Developers posts Rs 347cr loss in FY25
Parsvnath Developers Ltd, based in Delhi, reported a consolidated net loss of Rs 347.27 crore for the fiscal year 2024-25, an improvement from the Rs 594.13 crore loss in the previous year. However, the realty firm's total income decreased to Rs 303.45 crore from Rs 493.72 crore. The company has developed numerous residential and commercial projects primarily in North India.
Puravankara bags contract to redevelop housing society in Mumbai, eyes Rs 2,700 cr revenue
Puravankara Limited secures a redevelopment project in Mumbai's Malabar Hill. The project involves redeveloping Samrat Ashok Co-operative Housing Society. Purva Blue Agate Private Limited, a subsidiary, received the Letter of Award. The 1.43-acre project has a development potential of 7 lakh square feet. The company anticipates revenue of approximately Rs 2,700 crore from the saleable area.
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