Business

India has ascended to become the world’s second-largest mobile phone manufacturer and exporter, Prime Minister Narendra Modi announced, underscoring the nation’s commitment to building a comprehensive electronics and semiconductor ecosystem. This strategic push, encompassing chip design, fabrication, and packaging, is a pivotal step towards a ‘Viksit Bharat’ and represents the next phase of the ‘Make

Concerns surrounding E20 ethanol-blended petrol are being addressed by industry experts, who assure its safety for all vehicles, including older models. Years of rigorous scientific testing and consultations with automakers have confirmed its efficacy. This nationwide rollout aims to significantly reduce India’s reliance on crude oil imports, offering a more sustainable and secure energy future

The government has increased its onion procurement price to Rs 2,125 per quintal, a 13% jump, to boost farmer earnings and accelerate buffer stock building. This marks the fifth revision this season amidst sluggish procurement. Despite this, domestic availability remains stable with adequate stocks and steady wholesale arrivals. Speculative buying is noted, but consumer demand

India is bolstering its energy security following the Strait of Hormuz disruption. Prime Minister Modi inaugurated the HPCL Rajasthan Refinery, a crucial step towards self-reliance for a nation heavily reliant on oil imports. This project, alongside other development initiatives, aims to strengthen manufacturing, boost exports, and enhance resilience against future supply shocks, underscoring India’s commitment

India’s first bullet train is set to begin its journey by 2027, with the Surat to Bilimora section slated for inauguration. Union Railway Minister Ashwini Vaishnaw announced that construction on the Mumbai-Ahmedabad corridor has surpassed 80% completion. This ambitious project, utilizing Japanese Shinkansen technology, aims to drastically reduce travel time between key cities, paving the

US President Donald Trump has lauded India’s robust economic growth, a significant departure from his past criticisms. He cited India’s 7-8% growth as an example of strong performance that shouldn’t be stifled by high interest rates. This shift comes as India and the US are nearing a bilateral trade agreement, with negotiations gaining momentum.

India has permitted four Chinese power equipment manufacturers with local production to bid on critical government power projects for two years. This relaxation, aimed at accelerating power network expansion and renewable energy integration, follows a power ministry request. The move, however, has drawn sharp criticism from the Congress, citing ongoing border disputes and trade deficits

US President Donald Trump declared the American economy is “soaring,” citing record stock market highs, increased exports, and investment as proof of a new growth era. He attributed these gains to his administration’s tax cuts and trade policies, which he claims put more money in Americans’ pockets and boosted domestic manufacturing. Trump asserted that the

India’s burgeoning AI data-centre sector is creating a surge in demand for mechanical, electrical, and industrial engineers. These professionals, once overlooked, are now commanding significant salaries as companies build energy-intensive AI infrastructure. Roles like cooling specialists and power procurement heads are in high demand, driving a new career path for talent in physical infrastructure development.

HCLTech’s stock surged almost 6% following the announcement of a massive $1.1 billion deal with a European Fortune Global 50 company, widely believed to be Mercedes-Benz. This significant AI-led agreement, set to run for five years with an extension option, will see HCLTech revamp the automaker’s global digital workplace and network operations. The deal highlights