Kimberley Process Meeting Focuses on Monitoring, Compliance and Sustainable Diamond Trade   The Kimberley Process (KP) Intersessional Meeting 2026 commenced in Mumbai under India’s Chair. The meeting, being held from May 11 to May 14, 2026, has brought together representatives from Kimberley Process Participants, Observers and industry stakeholders from across the world to deliberate on key issues related to the global trade in natura…

Jefferies in a note said Samsung and Hynix are forecast to earn profits totalling $307 billion this year, three times the total forecast profits of $102 billion for India’s Nifty 50 universe. Global investors aggressively rotated out of Indian equities into AI-led trades namely Taiwan and South Korea since May 2025. Recent flow trends suggest the first sign of exhaustion in that positioning, analysts said.... More https://bit.ly/4…

  The new BJP govt can start with unlocking land for industrialisation and improving urban infra The BJP is emotional about its Bengal victory. In a private conversation, a senior leader recently said the party would love to make the State more developed than Gujarat. This ambition is now the greatest asset of the failed State which is known for giving a long rope to its rulers....  

·       Companies bat for hybrid model as PM calls for WFH to tackle West Asia crisis https://bit.ly/4d9tGVS ·       Jewellers seek PMO meeting over Modi’s call to curb gold purchases https://bit.ly/4dAMAGG ·       India has 60 days of crude oil stock - Here's why govt still wants fuel conservation https://bit.ly/42ufvG8 ·&n…

Rail minister Ashwini Vaishnaw said seven new high speed rail corridors worth ₹16 trillion will sharply cut travel times and boost domestic manufacturing and construction Rail minister Ashwini Vaishnaw today said the plan to set up seven new high-speed rail corridors across the country with an investment of ₹16 trillion is on track and the cities being connected through these projects would increasingly function as integrated economic zones..…

When operationalised, Dhvani could significantly strengthen India’s strategic deterrence posture against adversaries with advanced missile defence systems.  India is stepping into the elite club of nations developing hypersonic weapons with DRDO’s ambitious Hypersonic Glide Vehicle (HGV) programme, codenamed Project Dhvani. The system is being designed to travel at speeds above Mach 6 while remaining highly manoeuvrable — m…

  Meity Minister Ashwini Vaishnaw says new factories and component units will accelerate shipments Electronics exports emerged among the top three exported goods from India last year and it will grow more in the future, Ashwini Vaishnaw, Minister of Electronics and Information Technology, said here on Monday.....

·       Cut use of fuel, gold purchase to save foreign exchange: PM Modi https://bit.ly/4wl6ahF ·       India wants a UPI for EV charging as Kumaraswamy pushes 72,300 chargers roll out https://bit.ly/48N6taY ·       Rolls-Royce expands sourcing, eyes make in India opportunities https://bit.ly/4dhPEGA ·    &nbs…

Hours after he took oath as chief minister, Suvendu Adhikari appointed retired IAS officer Subrata Gupta as his advisor. After a historic mandate, the Bharatiya Janata Party (BJP) has formed the government in West Bengal for the first time under the leadership of Suvendu Adhikari. Hours after he took oath as chief minister, Adhikari appointed retired IAS officer Subrata Gupta as his advisor..... More https://bit.ly/4uEcHCb Via businesstoday.…

  Britannia is also planning selective price hikes and grammage adjustments to offset rising fuel and packaging costs driven by geopolitical tensions. Britannia Industries, leading bakery and biscuit product maker, has shifted its North American export business from Oman to India at Mundra, Gujarat, said its Managing Director and Chief Executive Officer Rakshit Hargave.....

India conducted the successful flight-trial of an Advanced Agni missile with Multiple Independently Targeted Re-Entry Vehicle (MIRV) system from Dr APJ Abdul Kalam Island, Odisha on May 08, 2026. The missile was flight-tested with multiple payloads, targeted to different targets spatially distributed over a large geographical area in the Indian Ocean Region. The telemetry and tracking was carried out by multiple ground and ship-based stations. Th…

Applications opened on May 8 and will close on May 22, 2026. Google for Startups and Antler India have launched a new programme aimed at supporting AI-led startups in India. The initiative, called Google for Startups Immersion, is a two-phase hybrid programme designed for founders, CTOs, and technical leaders who already have live products and early traction..... More https://bit.ly/4nlC7SL Via entrepreneur.com

SEBI has greenlit IPOs for six major companies, led by quick commerce giant Zepto’s $1.2 billion issue and Blackstone’s Horizon Industrial Parks   Securities and exchange board of India (Sebi) gave the IPO nod to six companies including quick commerce player Zepto and Blackstone-backed Horizon Industrial Parks Limited. Zepto had filed a confidential DRHP in December 2025 with the regulator and is expected to raise $1.2 …

  The scooter S1 X+ contains, a 11Kw mid-drive motor with an integrated MCU (Microcontroller unit), with speeds up to 125km/h and a 320 IDC range EV major Ola Electric has announced that its mass market electric scooter, S1 X+ (5.2 kWh), has been approved by the International Centre for Automative Technology (ICAT), a government certified testing agency under the CMVR (Central motor vehicle rules).....

IGR is a digital-first platform focused on world affairs, with a distinctly Indian lens. With a planned rollout across the United States, Europe, West Asia, South Asia and Africa, among other regions, IGR will be available across leading internet platforms as well as connected television (CTV) ecosystems. The company has secured backing from distinguished institutional investors, providing a strong financial foundation as it enters its initial ph…

Defence Research and Development Organisation (DRDO) and the Indian Air Force (IAF) successfully conducted the maiden flight-trial of Tactical Advanced Range Augmentation (TARA) weapon off the coast of Odisha on May 07, 2026. TARA, the modular range extension kit, is India’s first indigenous glide weapon system to convert unguided warheads into precision guided weapons. TARA has been designed and developed by Research Centre Imarat (RCI), H…

·       India and UAE review full spectrum of Comprehensive Strategic Partnership during FS Misri’s visit https://bit.ly/3QSVnuU ·       Vietnam strengthens cooperation with India’s leading technology partners https://bit.ly/4tkE7fq ·       Malaysia’s Hotayi Electronics to invest ₹700 crore on semiconductor and electr…

  In partnership with CleanMax, a renewable energy developer, Apple will expand its renewable energy investments in India Apple announced a ₹100 crore investment in India to build renewable capacity and scale energy across its supply chain, as per a blog post on Thursday......

·       India has 2,117 GCCs employing 2.36 million: Nasscom-Zinnov https://bit.ly/4nh6gTd ·       Hitachi picks India as first testbed for physical AI https://bit.ly/42QubPZ ·       RBI continues to bring more gold back to India. Here's why https://bit.ly/3QPyWXv ·       ISM 2.0 to build on ‘pa…

Even though the Adani Group is leaving no stone unturned to host F1 races in India, it could take some time before Formula 1 cars vroom around the Buddh International Circuit racetrack As the National Company Law Appellate Tribunal (NCLAT) clears the decks for Adani Group’s Rs 14,535 crore acquisition of beleaguered Jaiprakash Associates Ltd, the focus has now shifted to Jaypee’s prized assets including the Buddh International Circuit…

·       Cabinet nod for 2 more semiconductor units worth ₹3,900 crore https://bit.ly/3QInhtx ·       Premium D2C brands draw investor interest as affluent demand strengthens https://bit.ly/4dpx9kt ·       Anil Agarwal charts out growth plan for demerged businesses https://bit.ly/4tcHwwN ·       Veda…

  Deal ⁠with Vietnam could be worth about ⁠₹6000 crores Vietnamese President To Lam is expected to discuss expanding ​defence ties with India during a visit to ‌New Delhi this week, including the ​potential purchase of BrahMos missiles jointly ⁠developed with Russia, two sources said. India, which has been building up domestic defence manufacturing for local use and ‌exports, has already sold the supersonic cruise miss…

·       NSE launches electronic gold receipts trading https://bit.ly/42eDmJY ·       India manufacturing PMI rises to 54.7 in April, inflation pressures persist https://bit.ly/4whgWFJ ·       Cement sector to grow 7% annually? Why Rs 12 lakh crore infra push defies Middle East fuel cost pressures https://bit.ly/4n6V8Z4 · &nbs…

  The company is also accelerating development at Navi Mumbai International Airport amid rising traffic projections. Adani Enterprises Ltd (AEL) will channel over 42 per cent of its planned ₹40,000 crore capital expenditure for FY27 into its airports business, including the construction of a new terminal in Ahmedabad ahead of the Commonwealth Games 2030, as it scales up aviation infrastructure.....  

·       India’s next big capex wave? Morgan Stanley sees $800 billion investment surge amid West Asia war https://bit.ly/4tOBzan ·       India-bound LPG tanker clears Hormuz, set to reach Vizag by May 13 https://bit.ly/4uluy0I ·       Big reset in India-Canada relations: Canada designates Khalistani extremists 'national security th…

Lodha Developers plans Rs 22,000 crore in property launches in FY27 across MMR, Pune, Bengaluru, and Delhi-NCR while targeting 17% sales booking growth.   Realty firm Lodha Developers will launch residential properties worth nearly Rs 22,000 crore for sale during the current fiscal as part of its expansion plan. According to its latest presentation, the company plans to launch 15 million sq ft for sale during this fiscal, with an e…

The government has allowed 100% FDI in insurance companies, enabling foreign investors to fully own Indian insurers under the automatic route. However, foreign investment in LIC will remain capped at 20%, keeping the state-run insurer under a separate framework. The Centre has allowed 100% foreign direct investment (FDI) in insurance companies, marking a major liberalisation of India’s insurance sector. Under the revised policy, foreig…

In eight of 10 occasions, the share prices of firms that spent billions buying marquee assets have underperformed the broader market after acquisition Big-ticket acquisition by India Inc in the past two decades has not translated into good returns to shareholders.   Only two of the 10 biggest acquirers in the Business Standard sample — Hindalco Industries and Bharti Airtel — became market outperformers. Even then, in the case…

India has scaled smartphone manufacturing to become a big exporter. Can this transform the country into a hi-tech electronics manufacturing powerhouse? The Cupertino-headquartered Apple Inc and its global supply chain are set to transform India’s electronics manufacturing landscape. It is similar to what Maruti Suzuki did for automobiles in India by creating a new market. The launch of its first car triggered the development of an industria…

  More notably, daily run rates improved. UPI recorded an average of 745 million transactions per day in April Unified Payments Interface (UPI) transactions saw a marginal dip in April 2026 after hitting an all-time high in March, but underlying momentum remained strong with record daily volumes, according to data from the National Payments Corporation of India (NPCI)....  

Company bucks 22% industry decline in April with strong MoM growth, driven by improving operations, customer confidence and rising demand for its expanding EV portfolio After reaching peak volumes in March, India’s electric two-wheeler market saw registrations fall about 22 per cent in April. Most major manufacturers reported declines, while Ola Electric  reported strong month-on-month growth in April 2026, with registrations rising to…

Strong imports and year-end stock clearance drive record-high revenue; collections rise 8.7% y-o-y despite absence of compensation cess With strong mop-up from imported goods and year-end stock clearance, Goods & Services Taxes (GST) collections in April rose to an all-time high of ₹2.42 lakh crore. Unlike previous years, this record collection in April was achieved without compensation cess.....  

·       Toyota plans $1.91 billion investment in Maharashtra, targets 1 million units capacity https://bit.ly/4n4zFQw ·       India added over 30,000 start-ups annually between 2020–2025, says report https://bit.ly/3RdQvAr ·       Axis Energy to invest ₹30,000 cr in underground coal gasification, set to acquire tech https://bit.l…

Emirates NBD's proposal to buy a 60 per cent stake in RBL for $3 billion was announced in October 2025 India's markets regulator has approved a change of control at RBL ​Bank, the lender said on Thursday, related ​to a proposed deal that would see ‌Dubai's Emirates NBD acquire a majority stake..... More https://bit.ly/3OXtS2t Via business-standard.com

ICICI Bank has enabled this feature on its iMobile app, allowing customers to use biometrics for person-to-person transfers, QR-based merchant payments, and online purchases. The feature is available on updated app versions and relies on biometric data already stored securely on the user’s device rather than collecting new data. Biometric authentication is emerging as the next layer of innovation in India’s UPI ecosystem, with IC…

  AP government allocates 20 acres to Infosys to set up a development center IT major Infosys will set up a new development centre in Visakhapatnam with a capacity of 7,000 seats. The Andhra Pradesh government has allotted 20 acres to the company to set up the centre.....

·       India plans to add 92 vessels with ₹51,383 crore investment in FY27 https://bit.ly/4cWBudw ·       India remains a bright spot but must use West Asia crisis as an opportunity to take policy measures, says MER https://bit.ly/4mXtOfI ·       External commercial borrowings fall 25% in FY26 amid currency risks, shift to domestic fu…

Bajel Projects wins Rs 400 crore MENA orders for a 500 kV transmission line, boosting its global EPC presence and supporting regional grid infrastructure expansion.   Bajel Projects, Bajaj Group’s EPC player in power transmission infrastructure, has secured two orders valued at over Rs 400 crore. In an exchange disclosure, the company said that it has received orders from a Middle East and North Africa (MENA) based international client…

The high-speed corridor is expected to significantly boost connectivity across Uttar Pradesh, while giving impetus to industrial investment, logistics, agricultural marketing and regional balance Prime Minister Narendra Modi on Wednesday inaugurated the 594-km-long Ganga Expressway, a mega infrastructure project connecting Meerut to Prayagraj. The PM reached Hardoi district around noon and inaugurated the expressway with the touch of a button in …

  The deal is expected to strengthen Cognizant’s AI infrastructure capabilities Cognizant Technology has agreed to buy Astreya, ​an IT services and technology provider focused on AI ‌infrastructure and data centre services, in ​a deal valued at around $600 million, the ⁠company told Reuters.....

·       No proposal to raise diesel, petrol prices: Govt https://bit.ly/3QAlab3 ·       India’s fertilizer production drops as Iran war disrupts supplies bl-premium-article-image https://bit.ly/4tHaQwA ·       FinMin suggests no immediate recalibration of spending: FY27 cash management guidelines remain unchanged https://bit.ly/48Z…

India’s IT sector may be past peak layoffs, but hiring recovery will be gradual and skill-focused. Analysts say FY27 will see selective hiring as AI reshapes workforce demand.   The tech sector jobs have been a point of discussion lately amidst concerns about AI-led disruption. As the key IT companies declared their Q4 results, one key factor that the street was watching out for was the commentary on new recruitment along wit…

Sun Pharma's $11.75 billion Organon deal could boost its global scale and biosimilars reach, but investors are closely watching debt levels, execution risks and long-term returns Sun Pharmaceutical Industries on Monday announced it will acquire New Jersey-based Organon & Co. for an enterprise value of $11.75 billion, making it one of the largest overseas acquisitions by an Indian firm....   More https://bit.ly/4eeO9Lf Via business-s…

  With ground-breaking today, construction work commences With a $15 billion investment, the upcoming Google Cloud India AI Hub will deliver full Artificial Intelligence (AI) stack to empower individuals and businesses with immense computing power, according to Bikash Koley, Vice President, Google Cloud....

·       DPI 2.0 to help build distributed resilience against external shocks: CEA https://bit.ly/4eeASSX ·       Where India gains big from the $20 billion India-New Zealand FTA https://bit.ly/4tBMCUi ·       NSE's 13-crore milestone: SIP boom, digital access fuel investor participation hunger https://bit.ly/3P1OdDX ·  &…

  JSW Motors plans to establish four experience centers in major Indian cities like Mumbai, New Delhi, and Ahmedabad before launching its first product in the second half of the year JSW Group’s automotive business is preparing to open a clutch of company-owned showrooms in India ahead of its first vehicle launch later this year, a bid by the conglomerate to firmly establish the new brand, according to people familiar with the matter..…

India and New Zealand will formally sign the Free Trade Agreement (FTA) in New Delhi this afternoon. The signing ceremony will be presided over by the Union Minister for Commerce and Industry, Piyush Goyal and New Zealand’s Minister for Trade and Investment, Todd McClay. The agreement was finalised in December last year.   Addressing the India-New Zealand Business Forum today, Mr Goyal said that the FTA reflects the shared trust b…

Mining giant Vedanta is set to demerge four businesses into separate listed entities, with May 1 as the record date. Shareholders will receive one share of each new company for every Vedanta share held. While listing dates are unannounced, past demergers suggest a timeline of 3 weeks to several months.   Mining major Vedanta is all set to undergo its much-awaited demerger, which would see four of the Anil Agarwal-led conglomerate’s exi…