Tourism now contributes over Rs 20 trillion to our national GDP. It provides livelihood to more than 84 million people, he said Union Minister Gajendra Singh Shekhawat on Saturday said the tourism sector contributes Rs 20 trillion to India's GDP, and is expected to grow at a rate of more than 25 per cent. "Tourism now contributes over Rs 20 trillion to our national GDP. It provides livelihood to more than 84 million people," he said, addressing t…

Despite the market volatility and benchmark indices not delivering much return in this year, investors are betting big on MFs to tap the long-term India growth story Mutual funds investment in initial public offerings of corporates have been increasing steadily on the back of consistent inflows in equity schemes through systematic investment plan and lumpsum investments.....

India's domestic tractor sales hit an all-time record of over 146,000 units in September 2025, driven by the recent reduction of the Goods and Services Tax (GST) rate on tractors to 5% and robust festive-season demand. A reduction in the goods and services tax (GST) rate on tractors, coupled with festive demand, drove monthly sales to an all-time high in September.

Trading in these contracts will begin from Monday in NSE-IX At a time when the market regulator is contemplating ending weekly options and pushing for long-term derivatives, famously known as LEAPS, the NSE International Exchange (NSE-IX) based in GIFT City has announced the launch of zero-day-to-expiry (0DTE) options contracts on the Nifty 50 Index...... More https://bit.ly/4oi05xz Via thehindubusinessline.com

India is building 25 new expressways covering 10,000 km. This massive infrastructure project costs ₹6 lakh crore. These highways will significantly lower logistics expenses. The nation's automobile industry is also set for global leadership. India aims to become the world's number one auto market within five years. This progress reduces reliance on fuel imports. The government is constructing 25 greenfield expressways, totalling 10,000 km acros…

Under the agreement, Avaada Group will establish 5 GW capacity of Solar Power Projects, 1 GW capacity of Wind Power Project and 5 GWh capacity of BESS Projects across Kutch, Banaskantha and Surendranagar districts of Gujarat. Avaada Group, a diversified energy conglomerate, on Thursday signed a Memorandum of Understanding (MoU) with the Government of Gujarat for investing an aggregate amount of ₹36,000 crore across Solar, Wind and Battery Energ…

Three-day issue subscribed 54 times, led by institutional and retail investors The ₹11,607 crore IPO of LG Electronics India mobilised a whopping response of approximately ₹4.39 lakh crore, positioning it to become the second-largest grossed IPO in Indian history after the Reliance Power issue that attracted bids worth ₹7.12 lakh crore in January 2008......

·       LG Electronics IPO receives bids for ₹4.39 lakh crore, second-largest in Indian history https://bit.ly/4o2CWjb ·       TCS Q2 results: The elephant finally wants to dance and that’s good news https://bit.ly/3VYkRGp ·       Q2 Results: TCS reports ₹12,121 crore profit, revenue rises 2.3% y-o-y; headcount slashed by …

The scheme aims to build a full domestic manufacturing chain for sintered rare earth permanent magnets used in EVs, electronics, and defence The government is in final stages of launching a ₹7,350 crore scheme to spur domestic production of sintered rare earth permanent magnets (REPMs) and cut import dependence, Business Standard has learnt. This comes months after China imposed restrictions on exports of REPMs in April, squeezing supplies to I…

  The acquisition adds around 300 MW of operational solar power project with a 25 year PPA and ISTS-connectivity to its portfolio Sembcorp Industries said on Wednesday that its subsidiary, Sembcorp Green Infra, will acquire ReNew Sun Bright for around Singapore $246 million, or roughly (US) $191 million, its third acquisition in the Indian renewables space in the last 36 months....

Graphcore plans to hire around 500 people in India over the next five years as part of its expansion. Graphcore, the British chip designer owned by SoftBank Group Corp., is planning to announce a £1 billion ($1.3 billion) investment package in India that includes a new research hub....

·       Starmer in India with major UK Inc team to boost trade, investment ties https://bit.ly/48inCd7 ·       SoftBank-owned Graphcore to invest $1.3 billion in India, set up AI research hub in Bengaluru https://bit.ly/3KH6rZ2 ·       Startup founders reclaim ‘promoter’ tag ahead of IPOs to signal long-term commitment, gover…

The new facility marks the consolidation of three decades of Dassault Systèmes’ operations in India Dassault Systèmes has inaugurated its new state-of-the-art R&D campus in Pune, Maharashtra, strengthening its commitment to “invest in India for India and the world.” With this expansion, Pune becomes the company’s largest centre in India and a key hub in its global innovation network.....

Gift City joins Hong Kong, Tokyo, and Manila in offering localised, same-day foreign currency transactions, she said Finance Minister Nirmala Sitharaman on Tuesday launched the foreign currency settlement system in Gift IFSC, which will facilitate seamless transactions on real-time basis, enhance liquidity management, and ensure compliance......

  NPCI also launches of the multi-signatory accounts feature on UPI In a major upgrade to India’s digital payments ecosystem, the government on Tuesday unveiled a clutch of new features for the Unified Payments Interface (UPI), including on-device biometric authentication that allows users to approve payments using their phone’s fingerprint or face unlock, and completing transactions via wearable smart glasses. The initiatives ai…

·       UPI gets a biometric boost: Pay with face, fingerprint or wearables https://bit.ly/46VNZmR ·       WeWork India Management IPO fully subscribed despite legal troubles, QIBs lead demand https://bit.ly/4mPJVdD ·       Sitharaman launches foreign currency settlement system at Gift City https://bit.ly/4nFauU2 ·  &nbs…

This new hub will offer advanced technical capabilities and oversight for Lilly’s contract manufacturing network across India Eli Lilly and Company will be investing more than $1 billion over the next several years into new contract manufacturing in India. It will establish a new facility for manufacturing and quality presence in Hyderabad.....

Priya, however, refused to give a deadline. "We will have consultations to be done, adequate safeguards have to be put in place The government is looking at automating goods and services tax (GST) refunds, on the lines of the income-tax system, as part of the next stage of reforms being conceptualised under GST 3.0, a senior tax official said...... More https://bit.ly/3VUAxKR Via business-standard.com

Mahindra & Mahindra continues full-speed production and leverages its NU IQ platform for increased capacity and price reductions With limited trailer availability and to meet the heightened demand, Mahindra & Mahindra (M&M) has doubled its vehicle dispatches by train in this festive season, said a top company official, at the launch of the new Bolero range under ₹10 lakh in Mumbai.....

·       WeWork India IPO falters amid governance, valuation concerns https://bit.ly/4pXLkld ·       SEBI Chief flags surge in investment scams, urges investors to ‘verify, not trust blindly’ https://bit.ly/4mO05nN ·       LG Electronics IPO anchor book attracts bids worth ₹3,475 crore https://bit.ly/4h47fDo · &n…

Players expect to see strong double-digit growth in sales over the same period last year during the festival Mall owners said they have witnessed a strong uptick in footfalls during the Navratri-Dussehra period. Players expect to see strong double-digit growth in sales over the same period last year during the festival season...

·       WeWork India Management IPO: Should you invest? https://bit.ly/4nUkI3j ·       FM launches campaign from Gujarat to return ₹1.84 lakh crore unclaimed assets with the government https://bit.ly/46CJPBt ·       LG Electronics IPO: Market leader at a reasonable valuation bl-premium-article-image ·    &nbs…

Hyundai Motor India has slipped to the fourth position in the passenger vehicle sales hierarchy for the first half of FY26, falling behind Mahindra and Tata Motors. In a development that marks a break from nearly two decades of market hierarchy, Hyundai Motor India has lost its long-held number two spot in the passenger vehicle segment. The Korean carmaker, once firmly behind Maruti Suzuki, was pushed to the fourth position in the …

India and the EU will start the 14th round of FTA talks on October 6, aiming to boost trade, investment, jobs, and strengthen EU firms' role in 'Make in India' As India and the European Union gear up for the 14th round of Free Trade Agreement (FTA) negotiations starting October 6 in Brussels, European businesses are expressing stronger interest in India’s expanding economy and the government’s “Make in India” initiative...…

Launching a nationwide awareness drive for returning unclaimed financial assets from Gujarat on Saturday, Union finance minister Nirmala Sitharaman said a total of ₹1.84 lakh crore was lying unclaimed in government’s “safe-custody” in form of bank deposits, mutual funds, insurance proceeds, dividend and pension funds.....

Consumer goods giant Marico reported a strong consolidated revenue growth of approximately 30% year-on-year for Q2FY26, driven by sharp price increases (over 60% for Parachute) and robust performance in its premium hair oils and international business. Best known for its Saffola and Parachute brands, Marico said that 30% of its India business had benefited from the GST rate rationalisation. It also saw underlying volume growth…

Company also hopeful of Europe rail market penetration Kolkata-headquartered Ramkrishna Forgings, which is on its way to becoming the only private sector manufacturer of the crucial railway forged wheels, is eyeing a major push in the railway segment and aiming to raise the company’s rail revenue share to 20 per cent by 2030, Executive Director Chaitanya Jalan told Business Standard..... More https://bit.ly/3ITDeJG Via business-standa…

Nirmala Sitharaman emphasises India’s resilience amid global challenges, stressing the need for active participation in shaping outcomes In a pointed response to Trump’s tariff tantrums, Finance Minister Nirmala Sitharaman on Friday said that India can’t remain a passive spectator in a world where decisions elsewhere determine its destiny. She also emphasised that India’s economy is resilient due to strong domest…

The Airbus board of directors held their meeting in New Delhi this week signalling the aircraft manufacturer’s growing interest in the country Commerce Minister Piyush Goyal held discussions with Airbus Chairman Rene Obermann and board members on Wednesday to discuss the company’s plans of investing in India and scope of enhancing collaboration.....

He said government has envisaged getting investment of only around ₹59,000 crore under the scheme The government on Thursday said the Electronics Component Manufacturing Scheme (ECMS) has received 249 applications with investment proposals worth ₹1.15 lakh crore, which is much higher than expected, and also employment and production targets multifold when compared to the goals set during formulation of the scheme.....

Abu Dhabi investor to become promoter, can nominate directors Sammaan Capital Limited (formerly Indiabulls Housing Finance) said on Thursday that a unit of Abu Dhabi’s International Holding Company (IHC) has entered into an agreement to invest nearly  $1 billion (₹8,850 crore) for a 43.46 per cent stake in the non-banking financial  company (NBFC)....... More https://bit.ly/4nVrk0I Via business-standard.com

·       Abu Dhabi's IHC to buy 43.5% in Sammaan Capital for ₹8,850 crore https://bit.ly/4nVrk0I ·       Centre receives ₹1.15-lakh crore worth investment proposals for Electronics Component Manufacturing Scheme: Vaishnaw https://bit.ly/4nxVmrF ·       Direct flights to China to start from October 26, IndiGo finalises Kolkata-Guangzho…

  ·       RBI to remove ₹10,000 crore ceiling for bank loans to corporates https://bit.ly/3KwBfeP ·       RBI to issue draft ECL guidelines for banks soon https://bit.ly/4nzQd2n ·       RBI to roll out risk-based deposit insurance premium model from FY26 https://bit.ly/46M7uOp ·       FY26…

Partnership launches with flagship hackathon, advanced training programmes and scale-up support “As we reflect on the legacy of COP28 and the milestones achieved during the 'Path to COP28' campaign, it is evident that translating commitments to action requires the concerted efforts and collaboration of a diverse range of partners and stakeholders. The strong interest from the industry to deliver on the promises made at COP28 through DIFC&rs…

The tyres will be commercially available across India by the first half of 2026 French tyre major Michelin on Tuesday unveiled its first Made in India premium passenger vehicle tyre at their Chennai plant to join competitors like MRF, JK Tyres, Apollo and Ceat. The tyres will be commercially available across India by the first half of 2026.....

Downloads jump from 300 to 1,00,000 per day as daily users soar 40x The government’s push to go ‘Swadeshi’ in tech, endorsement by senior ministers, and the overall social media buzz have taken the downloads and daily active usage (DAU) of Zoho’s messaging app Arattai to record highs.....

Chinese customs had blocked at least three Herrenknecht machines bound for India, says Germany's Ambassador to India Philipp Ackermann German tunnel-boring machine manufacturer Herrenknecht will establish production facilities in India after export delays from its Chinese factories disrupted infrastructure projects, Germany's Ambassador to India Philipp Ackermann told The Print.... More https://bit.ly/4nvYog5 Via businesstoday.in &nbs…

·       Swadeshi tech push. Zoho’s Arattai app downloads skyrocket 185X after govt backing https://bit.ly/4o2zcOe ·       German tunnel-boring machine maker to build plant in India https://bit.ly/4nvYog5 ·       Michelin rolls out first Made in India passenger car tyre from its Chennai plant https://bit.ly/4nTqkKp · &nb…

The company will soon provide a demo on the latest technology to the government, said TK Balaji, CMD, Lucas TVS TVS Indeon Ltd, the 100 per cent subsidiary of the Chennai-based Lucas TVS, is working with global R&D companies to manufacture the latest technology lithium ion battery cells in India. “We have picked the next-generation technology. This has been proved in the lab scale in small pilots, and supplied in smaller quantities to s…

The government actively explores tax and policy changes for India's maritime sector. A ₹70,000 crore plan will transform shipbuilding into a global powerhouse. This initiative aims to increase Indian-owned vessels for cargo transport. It seeks to attract international firms and technology transfer. Port capacity will also expand significantly by 2030. The government is "actively exploring" tax and policy interventions to strengthen the maritime…

·       Hong Kong and India drive banner year for equity capital markets https://bit.ly/480KKN4 ·       RBI to clear Tata Sons’ upper layer NBFC exit, with riders https://bit.ly/3IqGfRE ·       Jaguar Land Rover to resume production in ‘coming days’ https://bit.ly/46Ioe9f ·       Moo…

This milestone underscores the company’s leadership in advancing vocational education and skilling standards nationwide, while strengthening its position as a pioneer in the Indian steel and infrastructure sector Jindal Steel has set a new benchmark by becoming the country's first large, diversified enterprise and the first integrated steel manufacturer to be recognised as an Awarding Body by the National Council for Vocational Education an…

Speaking to businessline, David Delaney, CEO of Itafos, said that China, Morocco, Saudi Arabia and Jordan have restricted the US as a phosphate supplier to only two countries—Canada and Brazil US phosphate major Itafos is courting Indian partners for a Guinea-Bissau rock phosphate project—seen as a potential new supply source at a time when China’s export curbs and rising global prices have tightened the fertiliser market.....

·       Precision components maker Indo MIM files IPO papers with SEBI; looks to raise ₹1,000 crore https://bit.ly/4mKaO2L ·       Glenmark, Granules, Zydus recall products in US over manufacturing issues: USFDA https://bit.ly/3IkYdF9 ·       Jindal Steel becomes India's first diversified large enterprise recognised as an Awarding Body…

For transport hubs and public sector-controlled locations like railway stations, airports, OMC outlets, bus depots, and toll plazas, the subsidy covers 80% of upstream infrastructure and 70% of EVSE cost. The Ministry of Heavy Industries (MHI) has rolled out the operational guidelines for the deployment of EV public charging stations (EV PCS) under the Prime Minister Electric Drive Revolution in Innovative Vehicle Enhancement (PM E-Driv…

The remarks came at the annual meeting of Brics Foreign Ministers, held on the sidelines of the 80th UN General Assembly on Friday Nations belonging to the Brics bloc have voiced concern over the growing use of trade-restrictive measures such as steep tariffs as well as non-tariff barriers, warning that such practices risk disrupting global trade and marginalising countries of the Global South..... More https://bit.ly/3WgdCtm Via business-st…

Caution is key as balanced long-term portfolios should have greater tilt towards large-& flexi-cap MFs It is now exactly a year since the markets started correcting in late September 2024 and despite the recovery from the lows, indices are still in the red on a one-year returns basis......

The Supreme Court has reversed its earlier verdict, upholding JSW Steel's Rs 19,700-crore resolution plan for Bhushan Power and Steel (BPSL). The Supreme Court on Friday overturned its earlier decision ordering liquidation of Bhushan Power and Steel (BPSL), restoring approval to JSW Steel’s Rs 19,700-crore resolution plan....