Uttar Pradesh’s Defence Industrial Corridor (UPDIC) has secured investments worth ₹34,000 crore in the aerospace and military equipment sectors, strengthening India’s push for self-reliance under the Make in India initiative. The corridor spans six nodes: Kanpur, Jhansi, Lucknow, Aligarh, Agra, and Chitrakoot. Land Allotment and Industrial Setup The…
India has announced the funding of its first-ever railway project in Bhutan, connecting the towns of Gelephu and Samtse to India’s railway network. The historic project, with an investment of ₹4,033 crore, aims to strengthen bilateral ties, trade, and regional connectivity between the two countries. Project Details The…
UST, a California-based technology firm, and Kaynes Semicon, a subsidiary of Kaynes Technology India Ltd, have announced a joint investment of ₹3,330 crore to establish an Outsourced Semiconductor Assembly and Test (OSAT) facility in Sanand, Gujarat. The facility will support India’s ambition to expand its footprint in the…
The Reserve Bank of India (RBI) has announced an auction of ₹320 billion ($3.6 billion) 10-year government securities on October 3, 2025, aiming to establish a fresh benchmark for medium-term debt in the Indian bond market. The new issuance is expected to serve as the primary reference for…
India’s Index of Industrial Production (IIP) for August 2025 rose 4% month-on-month, up from 3.5% in July, reflecting a steady rebound in industrial activity, according to the Ministry of Statistics & Programme Implementation (MoSPI). Sectoral Performance Mining: The sector led the expansion with a 6% growth, rebounding sharply…
The India-European Free Trade Association (EFTA) Trade and Economic Partnership Agreement (TEPA) is set to come into force on October 1, 2025, marking a milestone in India’s international trade engagements. Signed on March 10, 2024, the pact covers Iceland, Liechtenstein, Norway, and Switzerland, and comes with an unprecedented…
Allcargo Gati Limited, one of India’s leading logistics providers, has announced a General Price Increase (GPI) of 10.2% for its Express Distribution services, effective January 1, 2026. The revision is aimed at balancing rising operational costs while enabling continued investment in infrastructure, technology, and service excellence. Reason for…
Blue Dart Express Limited, a leading logistics provider in India, has announced a General Price Increase (GPI) effective January 1, 2026, with shipment prices expected to rise by 9% to 12% on average. The exact increase will vary depending on product type and individual customer shipping profiles. Reason…
Phoenix Mills Limited reported a robust performance for fiscal year 2025 (FY25), with its retail rental income rising 18% YoY to ₹1,951 crore and retail segment EBITDA growing 20% YoY to ₹2,010 crore. The results reflect the ongoing revival of India’s retail sector, strong consumer demand, and the…
Cera Sanitaryware Limited has completed its exit from Race Polymer Arts LLP, selling its 51% stake to joint venture partner Shreeyam Ceramics LLP for ₹16.5 crore. Following the transaction, Shreeyam Ceramics now owns 100% of Race Polymer Arts LLP. Transaction Details Seller: Cera Sanitaryware Limited Buyer: Shreeyam Ceramics…