15 Oct 2025

Jammu and Kashmir is facing economic challenges due to multiple factors, including a revision in GST rates, severe monsoon rains, and the Pahalgam terror attack. The GST change alone is expected to reduce revenues by up to INR 1,000 crore, compounding an existing budget deficit. Agriculture and horticulture sectors were heavily affected by summer rains, while tourism suffered from security concerns after the Pahalgam incident. Chief Minister Omar Abdullah noted that while recovery will take time, the current trajectory of the economy shows signs of improvement.Read more

14 Oct 2025

India's retail inflation eased to 1.54% in September, its lowest in eight years, driven largely by falling food prices. Core inflation, however, rose due to higher housing costs and precious metals prices. Economists attribute the decline to seasonal food price corrections, high base effects, and GST rate cuts, while noting subdued global energy prices also played a role. Experts suggest that this benign inflation trend could create room for RBI rate cuts, though festive season demand and the timing of credit market transmission will influence future monetary policy decisions.Read more

11 Oct 2025

DS Group has been certified Water Positive by GRIHA, recording a Water Positivity Index of 1.8 across its business units in 30 locations in India. Through rainwater harvesting, wastewater reuse, recharge wells, water-efficient fixtures, and ecological restoration projects, the company created a storage potential of 66 Lakh KL, significantly reducing freshwater dependency. The initiatives span its Mouth Freshener, Food & Beverage, Hospitality, and Agriculture divisions, integrating community-focused CSR with operational efficiency. This certification reflects DS Group's long-term commitment to sustainable water management and responsible resource stewardship.Read more

11 Oct 2025

Jindal India has launched a new downstream steel facility in West Bengal with an annual capacity of 0.6 million tonnes at INR 1,500 crore, increasing overall steel production to 1.6 million tonnes. The expansion will raise coated flat product capacity by 60 per cent, pipe production by 40 per cent, and crash barrier output by 75 per cent. As part of the USD 2.5 billion BC Jindal Group, the company aims to boost sales revenue, strengthen its product portfolio, and enhance operational efficiency across multiple steel segments.Read more

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