11 Oct 2025

India's auto sector experienced solid growth in September, driven by recent GST cuts and festive season demand. Total retail sales rose 5.2% year-on-year, with two-wheelers up 6.5% and passenger vehicles up 5.8%. While early September saw muted sales, demand surged after revised tax rates were implemented. The Navratri festival contributed significantly, with dealers reporting a 34% jump in sales, as new buyers entered the market and existing customers upgraded vehicles. With favorable monsoon conditions, a strong harvest, and steady lending rates, the sector is expected to see further growth, especially during Diwali when high-value purchases are common.Read more

10 Oct 2025

JSW Cement has commissioned a 1 MTPA grinding unit in Sambalpur, Odisha, through its subsidiary Shiva Cement, raising the company's total capacity to 21.6 MTPA. Strategically located near Odisha, Chhattisgarh, and Jharkhand, the plant ensures proximity to raw materials and addresses growing cement demand in eastern India. Since acquiring Shiva Cement in 2018, JSW Cement has focused on expansion, aiming to triple its capacity to 60 MTPA. Operating seven plants nationwide, the company is among India's top 10 cement producers, consolidating its presence across key regions.Read more

10 Oct 2025

CREDAI-MCHI has donated INR 3.65 crore to the Chief Minister's Relief Fund to aid flood-affected regions of central Maharashtra and nearby areas. The donation, jointly contributed by 44 member developers, was presented to CM Shri Devendra Fadnavis by the association's President and Secretary, alongside senior developers from Mumbai. The move emphasizes CREDAI-MCHI's ongoing commitment to social responsibility, disaster relief, and community welfare, reflecting the real estate sector's role in supporting government-led rescue and rehabilitation efforts during emergencies.Read more

09 Oct 2025

India has launched a foreign currency settlement system at GIFT IFSC, enabling real-time transactions and improved liquidity management, reducing previous settlement delays of 36-48 hours. Finance Minister Nirmala Sitharaman highlighted GIFT City joining global financial hubs with local settlement capabilities and praised fintech for democratizing finance in India. She noted India ranks third globally in fintech and stressed the government's role in enabling innovation. The minister also addressed the potential misuse of AI, while highlighting savings of INR 4.31 lakh crore through Direct Benefit Transfers.Read more

07 Oct 2025

India's smaller cities are now the main drivers of hiring growth, with tier II and III locations recording a 21% year-on-year increase in September, outpacing metro centers. Cities like Jaipur, Lucknow, Coimbatore, Indore, Bhubaneswar, Kochi, Surat, Nagpur, and Chandigarh saw strong demand in e-commerce, retail, customer support, and festive tourism. Overall hiring rose 17% year-on-year. Metro hubs including Delhi NCR, Mumbai, Bangalore, and Hyderabad grew 14%, led by IT, BFSI, and media sectors. Sales, marketing, and creative roles showed the highest festive-season gains, reflecting both seasonal and structural growth.Read more

06 Oct 2025

India may cancel 3-4 gigawatts of solar projects after the renewable energy ministry directed clean energy agencies to withdraw and reissue tenders that were rushed to bypass upcoming import restrictions. From June 2026, government solar projects must use locally made modules and cells, but tenders submitted before August 31 were temporarily allowed to use imports. Industry groups alleged that agencies exploited this exemption by offering bid windows as short as seven days to secure cheaper Chinese cells. The ministry confirmed misuse and asked agencies to act within 15 days. India expects to become largely self-sufficient in solar cell production by March 2027.Read more

05 Oct 2025

The IMF highlighted a mixed global inflation outlook, noting that while U.S. companies and others in tariff-imposing nations have absorbed much of the cost, inflation pressures vary widely across regions. Spokesperson Julie Kozack said core inflation in the U.S. is edging up due to partial tariff pass-through, while headline inflation is rising faster in Britain, Australia, and India. In contrast, China and other Asian exporters face muted inflation amid weaker demand for their goods. Kozack added that the U.S. Fed's recent rate cut was appropriate given a softer labor market, but risks remain. She also cautioned that the impact of the ongoing U.S. government shutdown depends on its duration and scope.Read more

05 Oct 2025

Tata Motors has invested an additional INR 120 crore in Freight Commerce Solutions, bringing its total investment to INR 270 crore. The investment includes INR 120 crore through Series C Compulsorily Convertible Preference Shares and INR 14 crore for acquiring equity shares. Tata Motors is expected to hold a 42% to 46% stake in Freight Tiger. The company aims to transform logistics through artificial intelligence, enhancing India's logistics infrastructure. Additionally, Tata Motors has incorporated a wholly-owned subsidiary in the Netherlands to manage global business interests.Read more

04 Oct 2025

Six Indian companies have approached SEBI with IPO filings, including Sterlite Electric, Rays Power Infra, Augmont Enterprises, Rotomag Enertec, Oswal Cables, and Pride Hotels. Each IPO involves a mix of fresh equity shares and an offer for sale, with funds earmarked for debt repayment, capital expenditure, working capital, and general corporate purposes. Key projects include Rays Power Infra's solar cell plant, Sterlite Electric's expansion plans, and Augmont Enterprises' inventory management. These filings indicate a strong IPO pipeline, complementing the 77 main-board IPOs launched so far this year.Read more

02 Oct 2025

A steel arch collapsed at the Ennore Thermal Power Plant construction site in Tamil Nadu, killing nine migrant workers from Assam and injuring several others. The injured were rushed to Stanley Government Hospital, with some in critical condition. Authorities have launched a thorough investigation to determine the cause of the accident. Prime Minister Shri Narendra Modi and Tamil Nadu Chief Minister M. K. Stalin announced ex gratia payments for the victims' families. Assam Chief Minister Himanta Biswa Sarma is coordinating the return of the deceased workers' mortal remains.Read more