The visit will be Xi's first to India in nearly seven years. He last travelled to the country in 2019 for an informal summit with Prime Minister Narendra Modi in Mamallapuram near Chennai Chinese President Xi Jinping will attend the 18th BRICS Summit in New Delhi from September 12 to 13, the Chinese Ministry of Foreign Affairs confirmed on Thursday. This comes as efforts are underway to stabilise ties between the two Asian powers.... More ht…

  The auto parts maker will tap public markets next week, with proceeds earmarked for debt reduction and equipment purchases to expand operations Indian auto parts maker Hero Motors has set a price band of ₹79 to ₹84 per share for its initial ⁠public offering that kicks off next week, a public filing showed early on ‌Thursday. At the top end of the range, the ‌company is seeking a valuation ‌of ⁠about ₹3,815 crore ($…

·       US suspends Cognizant’s green card filings for employees; move curbs ability of Indian IT to attract and retain foreign talent https://bit.ly/4gZvXVS ·       India, Sri Lanka sign MoUs to upgrade L70s https://bit.ly/4xlc41j ·       PwC India Announces Strategic Alliance With Claroty for OT and Connected Environment Cybersec…

The Cabinet has approved three railway multitracking projects worth Rs 10,783 crore, adding around 656 km to the Indian Railways network across five states. The projects are expected to ease congestion, boost freight movement and improve connectivity to nearly 4,790 villages. The Cabinet Committee on Economic Affairs on Wednesday approved three railway multitracking projects worth Rs 10,783 crore, which will add about 656 km to the Indian Railway…

National Stock Exchange of ‌India is likely to price its initial ​public offering at ₹1,700 ⁠to ₹1,785 per share, a source aware of the matter said on ‌Tuesday. At the upper end of the price band, NSE ‌would be valued at ₹4.4 ‌lakh crore ($46.41 billion), making it ⁠one of India's biggest companies by market capitalisation....

·       Putin, Modi to discuss trade, defence deals, local currency payments on Friday: Kremlin ·       PM Narendra Modi Witnesses Perfios' Showcase of the AI-Powered Future of Banking at GFF 2026 https://bit.ly/4dlxrsb ·       PM Modi calls for deeper UPI links with overseas payment systems https://bit.ly/46Rh8Qc ·  &nb…

The company will also strengthen core business fundamentals to position itself for sustainable, long-term growth. DigitalPaani, an water infrastructure operations-focused company, has raised INR 22 crore in a new funding round led by Navam Capital and with participation from Enzia Ventures, Chakra Growth Capital, 3one4 Capital, Momentum Capital, Achieving Women Entrepreneurs Early Growth Fund, and Echo River Capital..... More https://bit.ly/…

The Centre's scheme received seven applications from Adani Enterprises, NTPC, Talcher Fertilisers, Gallantt Ispat and Shyam Sel & Power for projects in urea, syngas and synthetic gas The Centre’s ₹37,500-crore scheme to promote surface coal and lignite gasification has received seven project applications from five companies, including NTPC and Adani Enterprises, the Ministry of Coal said on Tuesday... More https://bit.ly/4A0i5TT …

  Tehran plans to use upcoming diplomatic engagements to expand economic collaboration with New Delhi and strengthen cooperation across multiple areas Iran on Monday highlighted India as a vital diplomatic hub ahead of Iranian President Masoud Pezeshkian’s visit to New Delhi for the upcoming BRICS summit, expressing optimism that the grouping will provide a strong platform to deepen bilateral trade and strategic cooperation. During a p…

·       DAC clears tri-services defence proposals worth ₹1.10 lakh crore https://bit.ly/4AfTb2O ·       IISc’s FSID targets 300 deep-tech start-ups by 2030, bets on patient capital to build companies https://bit.ly/4ygKd3e ·       Auto retail sales rise 17.5% in August: FADA https://bit.ly/4cAhX3r ·    …

India operates more than 260 Su-30MKI aircraft, making the Russian-origin fighter one of the most important platforms in the IAF’s combat fleet. The aircraft is also being progressively upgraded under broader modernisation programmes. India is considering a major upgrade to its Su-30MKI fighter fleet that could give the Indian Air Force (IAF) a significantly longer reach in beyond-visual-range air combat. The Defence Ministry is looking at …

  Lithium Battery manufacturing is expected to contribute 50-60% of India's projected green manufacturing jobs by 2030 The country's battery industry is expected to generate 1.5-2 million jobs by 2029-30 as it enters its most capital- and employment-intensive phase, evolving from an assembly-and import-dependent sector into a fully integrated cell-to-recycling industrial ecosystem, talent company Adecco India said.....

·       BRICS Summit unlikely to consider bloc expansion https://bit.ly/3UHhfLx ·       Over 500 investors with $1 trn wealth to attend iBrics Summit on Sep 12-13 https://bit.ly/3TliXSt ·       India emerges as key diesel supplier to Europe as Russian, US flows falter https://bit.ly/3UEtU1P ·       In…

The satellite is designed to image select areas as frequently as every 5 minutes and cover the entire Indian landmass roughly every 30 minutes, at around 42-metre resolution — a revisit rate India has not had before from an imaging satellite. India now has its first dedicated imaging satellite watching the country from a geosynchronous orbit, a position that lets it stay fixed over the same region instead of circling the globe like most Ear…

Market participants attribute the primary market's momentum to the Sebi's regulatory nod for the National Stock Exchange's public issue, laying the groundwork for a mega-listing. The primary market activity, which registered record fundraising in July led by marquee issuances like SBI Funds Management, is set to witness an unprecedented surge in September. Even though most initial public offerings (IPOs) have not given returns, the demand for I…

  The campus will be designed for frontier AI companies and hyperscalers, facilitating high-density GPU deployments for AI training and advanced computing HyperVault, a subsidiary of Tata Consultancy Services (TCS), will set up a 1 GW AI data centre campus in Hyderabad on 164 acres. The company and its partners envisage investing ₹70,000 crore to build the data centre campus, which will be developed in phases.....

Companies such as Skyroot Aerospace, Pixxel, Agnikul Cosmos and Digantara are moving beyond early-stage innovation and developing commercial space technologies in areas once dominated by a few global players. India’s private space industry has gone from one start-up in 2014 to more than 400 by 2026, moving fast beyond the Indian Space Research Organisation’s (ISRO), long-held monopoly. A Jefferies report says that start-ups are now bu…

Das said India's graphite demand is expected to rise sharply as battery manufacturing gathers pace, but China continues to dominate the global supply chain As India races to secure critical minerals to support its manufacturing ambitions, an army of little-known Indian and Indian-origin miners has been busy building mineral assets across resource-rich Africa, their strategy standing in stark contrast to state-backed overseas acquisitions throug…

  Updated red herring prospectus, price band expected next week; exchange likely to list by 25th September The Securities and Exchange Board of India (SEBI) on Friday gave its final approval to the National Stock Exchange’s (NSE) long-awaited public offering, clearing the last hurdle for the exchange to go public nearly a decade after it began pursuing a listing.....

The 2,367-kg EOS-05, India's heaviest Earth observation satellite so far, was placed in its intended sub-geosynchronous transfer orbit about 18 minutes after lift-off The Indian Space Research Organisation (Isro) on Friday successfully launched India’s first dedicated imaging satellite in geosynchronous orbit from the spaceport in Sriharikota..... More https://bit.ly/4ylOoLn Via business-standard.com

India’s banking system is facing a sharp liquidity surplus of nearly ₹10 lakh crore, driven partly by strong FCNR-B inflows, which could keep short-term interest rates under pressure. Jefferies expects falling money-market rates and easier liquidity conditions to help banks lower wholesale funding costs, although near-term NIMs may remain under pressure.   India’s banking system is sitting on a surplus liquidity of nearly ₹10…

·       Indian PV sector likely to grow by 10% in FY27: Maruti's Partho Banerjee https://bit.ly/4gNUZqL ·       Goyal warns auto firms against nominal localisation, govt tracking data https://bit.ly/4xb2HBB ·       Credit card industry sees revolving balances moderate, says Axis Bank https://bit.ly/4ygv16a ·    …

Business activity strengthened in August as new orders rose faster and services hiring reached a 15-month high, while input cost inflation remained moderate and charge inflation quickened India's services sector activity expanded at a faster pace in August as stronger demand supported business activity and new orders, while employment growth reached a 15-month high, according to the latest HSBC India Services PMI survey..... More https://bit…

  High-level delegation may visit China next week; market access, trade deficit and investment curbs on agenda India is likely to send a high-level delegation to China early next week, possibly led by Commerce Secretary Rajesh Agrawal, to advance talks on pending trade and investment issues. Ahead of President Xi Jinping’s expected visit to New Delhi for the BRICS Summit later this month, the talks would include widening trade imbalanc…

·       Belgian PM De Wever arrives in India to deepen trade, defence and technology ties https://bit.ly/4xM43n6 ·       Goyal to visit US for G20 meet, continue trade talks: Gor https://bit.ly/3UxhcC0 ·       India-China trade talks likely ahead of Xi’s India visit https://bit.ly/465Hg9N ·      …

An inflated growth number, he said, would eventually make it harder to sustain the same pace in subsequent years Arvind Panagariya, chairman of the 16th Finance Commission and former vice chairman of NITI Aayog, has rejected the Congress' charge that India's GDP numbers are a result of "statistical gymnastics". He said manipulating GDP growth over time would be extremely difficult because higher growth in one year automatically raises the base fo…

  Civil Aviation Minister K Rammohan Naidu said expanding connectivity would be crucial as demand for air travel grows across India India will build 100 new airports in the next 10 years under the Centre’s regional connectivity scheme UDAN with an outlay of Rs 30,000 crore, Civil Aviation Minister K Rammohan Naidu has said.....

·       Modi, Xi shake hands, talk on sidelines of SCO   ahead of BRICS meet https://bit.ly/4i7voeS ·       GST collections rise 15% to touch ₹2 lakh crore in August https://bit.ly/4xxD3rv ·       JioHotstar enters UK, Canada and Singapore as it expands global footprint https://bit.ly/4qRpCQD ·    &…

Bhandarkar said geopolitical disruption has also “triggered an acceleration in electrification,” creating demand not only from internal combustion engine vehicles but also from the rapidly expanding EV ecosystem. India’s auto ancillary pack is stepping out from the shadow of original equipment manufacturers, with investors increasingly betting that component makers could be among the biggest winners of the next phase of automoti…

  Festival activity and rising digital payment adoption supported transaction growth, with UPI volume increasing sharply from the previous month. Transactions through the popular Unified Payments Interface (UPI) were at Rs 29.8 lakh crore in August, near the record-high level, according to data released by the National Payments Corporation of India (NPCI)......

·       Modi calls on Putin to end Russia-Ukraine war at SCO summit https://bit.ly/3SB2ZU3 ·       Kharif sowing almost ends with acreage 1.7% lower than last year https://bit.ly/3Uuo03g ·       ONGC to spend ₹1 trillion on deepwater exploration, drill 87 wells https://bit.ly/4qNUjGw ·       Heavy I…

Uttar Pradesh digital push: The project in Sector 28 is close to the Jewar region, where industrial and infrastructure development is expanding around Noida International Airport and the Yamuna Expressway. A Rs 26,910 crore data centre and artificial intelligence infrastructure hub is set to come up in Jewar, Uttar Pradesh, with the first phase planned at a capacity of 384 MW. Spread across 114 acres in Sector 28 of the Yamuna Expressway Industri…

Maruti Suzuki chairman RC Bhargava said GST reforms supported several sectors and helped the Indian economy navigate uncertainty from the West Asia conflict The GST 2.0 gave impetus not only to the automobile industry but to several sectors of the Indian economy, which continues to do well despite the impact of the West Asia war, Maruti Suzuki India Chairman RC Bhargava said, adding the tax reform provided the necessary buffer to navigate this un…

  The scheme has been divided into six segments covering designing of chips by Indian firms, setting up units for capital equipment required for chip production, semiconductor fabs, chip assembly, packaging and testing, etc. The government has notified the Semicon 2.0 scheme with an outlay of Rs 1.27 lakh crore to boost the chip manufacturing ecosystem in the country.....

·       PM Modi arrives in Kyrgyzstan to attend SCO summit https://bit.ly/4qPbzv1 ·       PM Modi calls for ‘Vocal for Local’ push ahead of festive season in 137th 'Mann Ki Baat' https://bit.ly/4gEVS50 ·       India has met fiscal deficit target for 2025-26: Sitharaman in US https://bit.ly/4qTMGhS ·   &n…

Mumbai, Delhi-NCR, and Bengaluru rank among Asia Pacific’s top 10 logistics rental growth markets in early 2026, with strong rent increases and declining vacancies supporting steady market growth. Three Indian cities — Mumbai, Delhi-NCR and Bengaluru — ranked among the Asia Pacific’s top 10 markets for logistics rental growth in the first half of 2026, according to a report by property consultant Knight Frank. During Janu…

Apple’s India strategy has expanded beyond retail, with manufacturing, rising demand and a growing customer base turning the country into an increasingly important part of its global growth plans. For years, Apple’s presence in India was largely built around products sold through third-party retailers, even as the company watched demand for its devices grow. That started changing as India became more important to Apple’s globa…

  Total futures and options turnover stood at ₹62,93,465 crore, across more than 3.13 crore contracts; options accounted for ₹61,84,516 crore of turnover, while futures contributed ₹1,08,949 crore The commodity derivatives trading turnover on MCX hit an all-time high of ₹62.93 lakh crore on Friday on the back of sudden rise in gold prices and improved participation amid volatile metal prices....

That swing has been made possible by a shift in forex management policy that was forged in the fire of the balance-of-payments crisis of 1991 From dwindling to just $1.2 billion in mid-1991 — barely enough to pay for a few weeks of essential imports — India’s foreign exchange (forex) reserves are at a record high today. The latest data released by the Reserve Bank of India (RBI) shows that the country’s forex reserves hi…

The August 31, 2026 income-tax return deadline is approaching for freelancers, professionals and business owners whose accounts do not require a tax audit. But should you file ITR-3 or ITR-4? The answer depends on your income, business activity, trading transactions and whether you opt for presumptive taxation. The August 31, 2026 deadline for filing income-tax returns is approaching for individuals and entities with business or professional inco…

  Battery financing is changing how electric SUVs compete for buyers, bringing larger battery packs and longer ranges into lower initial price filters Mahindra & Mahindra on Friday expanded its Battery-as-a-Service (BAAS) financing programme across its Electric Origin SUV lineup, moving a flat ₹8 lakh out of the upfront vehicle price of each model—the largest absolute reduction in advertised entry price among major Indian EV make…

  S1Z scooters available in 3.1 kWh and 5.1 kWh variants, at an introductory pricing of ₹79,999 and ₹99,999 (ex-showroom) Ola Electric on Friday announced the launch of the all-new S1Z, the first scooter range in India to bring the company's indigenously developed Bharat Cell LFP technology to the mass market.....

India’s consumer staples sector sees strong volume and revenue growth driven by GST rate cuts, premiumisation trends, and easing discounting, despite margin pressures from rising crude oil prices and input costs.   India’s consumer staples sector is showing its strongest volume growth in years, according to a new report from BNP Paribas. The brokerage has turned positive on the sector after a prolonged slowdown, even as a spike i…

·       Russia remains India's largest crude supplier in August: Kpler data https://bit.ly/3UZxjs3 ·       Border talks, summit diplomacy signal steady India-China reset https://bit.ly/4y1EfDf ·       Home Ministry’s nod required for appointing Chinese nationals on board of foreign co’s Indian arm: MCA https://bit.ly/4A0HeOr …

Indian Railways on Wednesday (26 August) outlined plans to expand seven high-density railway routes into a four-lane network spanning nearly 11,000 kilometres. The routes account for around 41 per cent of total railway traffic while covering just 16 per cent of the railway network, making capacity augmentation crucial as passenger and freight demand continues to rise across the country....

A long-delayed privatisation of IDBI Bank will likely see the government surpass its ₹80,000 crore ($8.4 billion) annual disinvestment and asset-monetization target India’s fiscal outlook has improved from the worst-case scenarios officials were contemplating at the height of the Iran war, with the government now set to exceed its asset-sale target for the first time in eight years, according to people familiar with the situation..... Mor…

  Canadian investors were encouraged to explore India’s expanding market and participate more deeply across infrastructure, financial services and emerging growth opportunities Finance Minister Nirmala Sitharaman on Wednesday met senior executives of various Canadian financial firms, including Sun Life Financial and Canada Pension Plan Investment Board (CPPIB) and asked them to enhance their investment in India, which is witnessing rap…

·       Homegrown direct-to-consumer companies raise $6 billion in five years https://bit.ly/4iwQOC4 ·       Banks, NBFCs to reset partnership terms with fintech firms https://bit.ly/4y4sKuL ·       GIVA withdraws rakshabandhan advertisement after backlash; stirs a debate https://bit.ly/4xYZfdW ·      …