BUSINESS
State-run IREL to help private firms manufacture rare earth magnets amid China squeeze
IREL Ltd is also likely to participate in government’s incentive scheme for processing and production of rare earth permanent magnets
BUSINESS
FTA delayed, India to expand preferential trade agreement with Brazil-led Mercosur: Govt officials
Currently, the preferential trade agreement (PTA) with the Mercosur trade bloc covers about 450 tariff lines. Talks are on to expand the PTA further to cover more items across agriculture, industrial goods, pharmaceuticals, and textiles, government officials told Moneycontrol.
BUSINESS
IMF raising India's growth forecast is proof of country's economic resilience: Piyush Goyal
Goyal reiterated India’s strategic approach of integrating with global economies while ensuring that domestic industries remain competitive.
BUSINESS
Focus on quality or be ready to be blacklisted, Ashwini Vaishnaw tells railway manufacturers
We have to significantly improve quality - whether it is signalling or earthing or track equipment, or components that go into manufacturing of locomotives and coaches. We should be procuring the best in the world, the railway minister said.
BUSINESS
On fast track: Vaishnaw announces Vande Bharat 4.0, high-speed passenger corridors
Kavach 5.0 will be developed over the next five years. It will be designed for speeds of up to 280 kmph and used on dedicated passenger corridors, the rail minister has said
BUSINESS
Every fourth EV sold in India is from UP, will ramp up charging infra: UP Additional Chief Secretary
Uttar Pradesh government will soon send its proposal to the Centre for participating in the electric vehicle (EV) charging infrastructure plan under the PM E-Drive scheme.
BUSINESS
New Vande Bharat AC sleeper coach to be showcased at Indian Railways Equipment Exhibition
According to CII, the domestic railway market in India is valued at approximately Rs 2.5 lakh crore (approximately USD 30 billion), while the global market is estimated to be USD 360 billion.
BUSINESS
India’s solar cell manufacturing capacity to more than double to 65 GW by June
Documents seen by Moneycontrol show that the renewable energy ministry aims to have manufacturing capacities of 150 GW for solar modules, 100 GW for solar cells and 39 GW for wafers by 2030
BUSINESS
Tariffs being used as weapons, India will choose its own path: Shivraj Singh Chouhan
While India has achieved surplus production in rice and wheat, the Union agriculture minister said, the next frontier is achieving self-reliance in pulses and oilseeds. "PM Modi will be launching India's Dalhan Atmanirbharta Mission (Chana–Masoor) day after tomorrow to strengthen pulse production," he said.
ECONOMY
India readies Rs 7,300-cr incentive scheme for rare earth magnet production
The scheme aims to establish a fully indigenous rare earth permanent magnet manufacturing ecosystem with an annual production capacity of up to 6,000 tonnes
BUSINESS
International Solar Alliance to replicate India's PM-Kusum scheme in Africa, island nations
India now has the third largest renewable energy installation in the world. Additionally, in manufacturing of solar modules, India is the second largest after China, according to the government
BUSINESS
India-UK trade ministers discuss roadmap to implement historic free trade agreement
Speaking to business delegates in Mumbai, British PM Keir Starmer said he wants the India-UK free trade agreement (FTA) implemented “as soon as humanly possible."
BUSINESS
NITI Aayog proposes mission to make AI accessible to India's 49 crore informal workers
The mission proposes to harness AI, blockchain, immersive learning and other frontier technologies to dismantle constraints like financial insecurity, limited market access, and skilling.
BUSINESS
India, Qatar aim to double bilateral trade to $30 billion by 2030: Piyush Goyal
The commerce minister also stated that a trade deal with Qatar could be finalised by mid next year or the third quarter of 2026
BUSINESS
Initiation of an India-Qatar trade deal on agenda as Piyush Goyal meets Sheikh Faisal in Doha
India is exploring an FTA with Qatar to secure alternative export markets and cushion its exporters from rising tariff pressures in the US.
BUSINESS
India, EU begin 14th round of trade talks in Brussels today
While the EU is seeking greater market access in automobiles and agriculture products, India wants relaxations in the carbon tax on imports of steel, aluminium, cement and fertiliser which kicks in from January
BUSINESS
Swiss private sector is bullish on investing in India: Swiss State Secretary
You'll see more Swiss companies selling their products in India now. For example, we have a shoe maker that wants to conquer the Indian market, Switzerland State Secretary for Economic Affairs Helene Budliger told Moneycontrol.
BUSINESS
EFTA trade agreement, India’s first with Europe, comes into effect
India’s trade pact with Switzerland, Iceland, Norway and Liechtenstein will make Swiss chocolates, watches and apparels cheaper in the country. At the same time, Indian exporters hit by Trump tariffs get a new lease of life as a range of products including tea, coffee, textiles, marine products, leather, gems, and engineering goods get better market access in these four countries.
BUSINESS
Atmanirbharta needed to navigate weaponisation of trade: Piyush Goyal
Speaking at the curtain raiser event for the 30th CII Partnership Summit, Andhra Pradesh Chief Minister N Chandrababu Naidu said Google will be building its biggest data centre after the US in Vishakhapatnam.
BUSINESS
India’s first deep-sea critical minerals auction falters on tepid response
The auction of 13 blocks, which have cobalt, copper, manganese, and nickel reserves, has been put off at least four times. The latest was August 22
BUSINESS
Trump's 100% tariff on branded drugs: Exporters assessing impact on complex generics
Pharmexcil, the sector's leading export body, said it is prudent to stay prepared for any future policy shift and build risk-mitigation strategies.
BUSINESS
India's logistics cost at 7.97 percent of GDP, says DPIIT report
Rail logistics emerged as a cost-efficient mode, with an average cost of Rs 1.96 per tonne per km, significantly lower than road transport (Rs 11.03), while air transportation is the most expensive, albeit the fastest, mode of freight transportation, averaging Rs 72 per tonne per km, DPIIT said.
BUSINESS
Expert panel gives green nod for India’s third-largest hydropower project in Arunachal Pradesh
Currently, the installed hydropower capacity in Arunachal Pradesh is a meagre 1,256 MW, while the state's exploitable hydropower potential is 50,394 MW, according to government data seen by Moneycontrol.
BUSINESS
Centre likely to nudge next bidders of coal mines to turn some reserves into gases
The Indian government wants the private sector to take up underground coal gasification to reduce the carbon footprint of the coal sector, which is also a step towards the country achieving net zero emissions by 2070.
