Uncategorized

India’s maritime sector is poised for a massive Rs 80 lakh crore investment, aiming to reclaim nautical supremacy and create over 1.5 crore jobs. Union Minister Sarbananda Sonowal highlighted Vizhinjam port’s transformation into a global transshipment hub, underscoring unprecedented progress in the sector under PM Modi’s leadership.

A draft National Electricity Policy proposes automatic annual electricity bill hikes if state regulators miss tariff order deadlines. This move aims to prevent utility financial strain but consumer advocates argue it undermines statutory duties and due process, potentially leading to unchecked increases.

Cuba seeks to bolster economic ties with India across various sectors including agro-industry, biotech, healthcare, IT, renewable energy, sports, and tourism. The nation, a pioneer in biopharma, is also transitioning to renewable energy, presenting collaboration opportunities. Cuba offers land use for businesses and electronic visas, alongside significant tourism infrastructure.

Ashok Leyland’s MD highlights the urgent need for a robust vehicle scrappage policy to modernize India’s truck fleet. This initiative is crucial for reducing pollution and logistics expenses, as the average age of trucks has significantly increased, impacting operational efficiency and costs.

Textile Minister Giriraj Singh anticipates a trade deal with the EU within four days, highlighting stable garment export growth despite global economic challenges. He attributed this resilience to market diversification, with exports reaching Rs 1,01,000 crore in April-December 2025. Singh also refuted claims by Rahul Gandhi regarding US tariffs crippling the sector.

Indian apparel exporters face US tariff challenges, with some like Shishir Kapoor unaffected due to their premium clientele. Others, however, are pivoting to Europe and the UK, seeking new trade agreements and diversifying markets. Despite geopolitical hurdles, companies are adapting by focusing on new product lines and exploring emerging markets like Russia and Australia.

India’s first final assembly line for commercial fixed-wing aircraft is being considered for Gujarat’s Dholera or Andhra’s Bhogapuram. Adani Group’s joint venture with Embraer is being courted by both states, with a formal announcement expected soon. This facility, similar to the Airbus-Tata venture, could be operational in 4-5 years.

Mphasis CEO Nitin Rakesh assured investors that Blackstone’s stake sale is a standard part of its investment cycle, not a reflection of poor performance. Blackstone, holding over 60% since 2016, plans to sell up to 1.8 crore shares via open market transactions, subject to market conditions. This move signals a natural exit strategy for the