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.
BUSINESS
Large reactors likely to drive India’s nuclear power plan despite buzz around SMRs
About 80 GW of the 100 GW target will be executed by NPCIL and NTPC through larger projects. The remaining 20 GW will be open to the private sector and mostly be executed through small module reactors, government officials have told Moneycontrol
BUSINESS
India will have indigenous solar cells, wafers and ingots by 2028: Pralhad Joshi
Pralhad Joshi also said that so far about, Rs 50,000 crore has been invested in the country's solar equipment manufacturing sector.
AUTOMOBILE
Hoping GST reduction benefits are passed on honestly to consumers, working to resolve compensation cess issue: Piyush Goyal
The new GST rates on vehicles will become effective from September 22, the first day of the nine-day Navaratri festival.
BUSINESS
Govt exempts mining of critical and atomic minerals from public consultations
Prior to this, the Environment Ministry on August 31 also amended the Forest Conservation rules to create an exclusive category for critical and strategic minerals to fast-track forest approvals for such projects.
BUSINESS
India looks for relaxations in EU’s carbon border tax regulations
India is seeking some flexibility in the EU's Carbon Border Adjustment Mechanism (CBAM) which comes into effect from January 1 next year. Meanwhile, it is also mulling a domestic carbon tax to offset CBAM and retain revenue within the country.
BUSINESS
India may offer import duty concessions on high-end cars to the EU
India's offer to the EU will be on similar lines to the one sealed between India and the United Kingdom (UK), subject to further negotiations, said a government official privy to the matter.
