Business

With projected investment of Rs 7,104 crore, these approvals expected to generate 14,246 direct employment opportunities Union Minister Shri Ashwini Vaishnaw stresses on the need for strong in-house design capabilities and robust domestic supply chain In continuation to the approvals of 46 applications for Rs 54,567 crore announced earlier, Ministry of Electronics and Information Technology (MeitY) has further approved 29 proposals under the Electronics Components Manufacturing Scheme (ECMS) with projected investment of Rs 7,104 crore, projected production of Rs 84,515 crore. These approvals are expected to generate 14,246 direct employment opportunities. The current approvals…

Mumbai; March 2026 : Stock markets slumped in Asia early today (30th March 2026, Monday) as investors dug in for a protracted Gulf conflict that already has oil prices heading for ​a record monthly rise, bringing a spike in inflation and the risk of recession to much of the globe. US President on 29th March have said that U.S. could seize Kharg Island in the Persian Gulf, from where Iran exports much of its oil, but also that a ceasefire…

New Delhi, March 2026 : IndiGo on Sunday announced the launch of more than 30 new routes from the upcoming Navi Mumbai International Airport between March 29 and April 23, marking a significant expansion of its domestic network. The airline said it will connect the new airport to several key destinations across the country, including Agra, Ayodhya, Bagdogra, Belgaum, Chandigarh, Diu, Kannur, Kolkata, Patna, Rajkot, Srinagar, Varanasi, and Visakhapatnam, among others. With this expansion, IndiGo plans to operate over 400…

Mumbai; March 2026: In order to enable institutional and retail investors to plan their investments efficiently and to provide transparency and stability to the Government Securities Market, the Reserve Bank of India, in consultation with the Government of India, hereby, releases the indicative calendar for issuance of Government dated securities, including Sovereign Green Bonds (SGrBs), for the first half of the fiscal year 2026-27 (April 01, 2026 to September 30, 2026). The issuance calendar is as under: Calendar for Issuance…

New Delhi, March 2026 : The Government of Japan has approved an Official Development Assistance loan worth 275.858 billion yen, approximately ₹16,420 crore, to support four major development projects in India. The funding will be directed towards improving urban transport, healthcare infrastructure and agriculture in key states, according to the Ministry of Finance. A significant share of the loan will be used to expand metro rail systems in major cities. The Bengaluru Metro Rail Project Phase 3 has been allocated…

• Adani Ports and Special Economic Zone Ltd. (APSEZ) operationalises India’s first Port of Refuge, addressing a long-standing gap in maritime emergency infrastructure. • Tripartite MoU with SMIT Salvage, the salvage and emergency response division of Royal Boskalis Westminster NV (Boskalis) and the Maritime Emergency Response Centre (MERC), brings global expertise and coordinated response capability. • Aligned with international maritime conventions, the initiative enhances safety, environmental protection and India’s role in global shipping corridors. Ahmedabad, March 2026: Adani Ports and…

New Delhi, March 2026: Reliance Industries Limited (RIL) on Thursday firmly denied media reports claiming that it had purchased Iranian crude oil, terming the allegations “baseless” and misleading. The clarification comes after reports suggested that the company had procured around 5 million barrels of Iranian oil following a temporary easing of sanctions by the United States Department of the Treasury. According to those reports, the oil was allegedly sourced from the National Iranian Oil Company. In an official statement, RIL…

(Survey period: October–December 2025) Snapshot: Key findings: Survey Background: National Statistics Office (NSO) conducted the first Forward-Looking Survey on Private Corporate Sector CAPEX Investment Intentions during November 2024 to January 2025 to collect information on the capital expenditure plans of enterprises in the private corporate sector. In continuation of this initiative, the present round of the CAPEX survey was conducted during October–December, 2025. A brief overview of key aspects, such as survey coverage, sampling methodology, and data collection process, is…

New Delhi, March 2026: On the third day of the Bharat Electricity Summit 2026, a high-level Vendor Development Session titled “Advancing Make in India for Power Distribution” was successfully convened. The session was co-hosted by REC Limited and Power Finance Corporation, bringing together over 150 senior representatives from the Ministry of Power, Ministry of Electronics and Information Technology, Central Electricity Authority, leading distribution utilities, Indian Electrical and Electronics Manufacturers’ Association, OEMs, vendors, suppliers, and industry associations. KPMG served as the Knowledge…

March 2026 : In a powerful showcase of India’s energy transition, the REC Limited Pavilion was officially inaugurated at the Bharat Electricity Summit by Shri Manohar Lal, Union Minister of Power and Housing & Urban Affairs; Shri Prahlad Joshi, Union Minister of New & Renewable Energy, Consumer Affairs, Food & Public Distribution; and Shri Shripad Naik, Union Minister of State for Power and New & Renewable Energy. The inauguration took place in the distinguished presence of Shri Pankaj Agarwal, Secretary…