India’s SP Group secures $650 million in first dollar bond issuance

India’s Shapoorji Pallonji Group has raised $650 million through its first-ever dollar-denominated debt issuance, marking a significant step in the conglomerate’s efforts to access global capital markets, according to sources familiar with the transaction. The fundraising represents the dollar portion of a broader dual-currency......

India suspends deployment of seafarers on Strait of Hormuz voyages amid regional tensions

India has instructed shipping companies, vessel managers and maritime recruitment agencies to halt the deployment of Indian seafarers on ships scheduled to transit the Strait of Hormuz, citing heightened security risks linked to renewed conflict in the region. The directive reflects growing concern over the safety of commercial shipping crews......

ICICI Lombard reports sharp decline in quarterly profit as claims and commissions increase

ICICI Lombard General Insurance posted a sharp decline in first-quarter earnings as higher claims payouts and increased commission expenses weighed on the company's profitability despite continued activity in India's insurance market. The insurer reported that profit after tax for the quarter ended June 30 fell 46% year over year,......

India-UK trade agreement enters into force with sweeping tariff cuts and expanded market access

India and the United Kingdom have officially implemented their Comprehensive Economic and Trade Agreement (CETA), introducing significant tariff reductions and broader market access for businesses, professionals and investors in both countries. The agreement, which took effect on Wednesday, is expected to strengthen economic ties by lowering......

India expands semiconductor strategy with $13.3 billion investment boost

India has approved a major expansion of its semiconductor development programme, allocating an additional 1.28 trillion rupees ($13.3 billion) in new funding to strengthen the country’s position in the global chip industry. The decision reflects New Delhi’s ambition to build a more competitive domestic technology ecosystem and......

India attracts nearly $10 billion through RBI deposit scheme to strengthen rupee

India has secured nearly $10 billion in foreign currency inflows through a special deposit programme launched by the Reserve Bank of India (RBI), as authorities seek to reinforce foreign exchange reserves and support the stability of the Indian rupee, according to sources familiar with the matter. The initiative, designed to attract funds......

India summons Iranian diplomat after reported attack in the Strait of Hormuz

India has summoned a senior Iranian diplomat following a reported missile attack in the Strait of Hormuz that allegedly killed one Indian sailor and injured eight others serving aboard commercial vessels. According to Indian government sources, the Ministry of External Affairs called in Iran's deputy ambassador in New Delhi to seek clarification......

Indian activist's hunger strike over exam leak controversy intensifies political pressure

A prolonged hunger strike by Indian education reform advocate Sonam Wangchuk has become a focal point of growing political tensions surrounding examination paper leaks, as opposition leaders urge the activist to end his fast amid concerns over his deteriorating health. Wangchuk, who has now spent 17 days without food, is demanding the resignation......

Aditya Birla Group expands clean energy footprint with $1.8 billion Sprng Energy acquisition

India’s Aditya Birla Group is set to significantly expand its renewable energy business after agreeing to acquire Sprng Energy from Shell in a transaction valued at approximately $1.8 billion, including debt. Announced by Grasim Industries, the deal ranks among the largest acquisitions in India’s renewable energy sector and reinforces......

India pushes renewable energy companies to free unused grid capacity

India is tightening control over renewable energy infrastructure by requiring clean power developers to either give up unused grid connection rights or provide additional financial guarantees if they fail to generate electricity. The move is part of a broader effort by Indian authorities to ensure that valuable transmission capacity is allocated......

India’s Samvardhana Motherson opens railway wiring plant in Morocco’s Kénitra

Indian automotive supplier Samvardhana Motherson International has officially started operations at its new electrical wiring plant in Kénitra, marking a major step in Morocco’s industrial diversification strategy. Located within the Atlantic Free Zone, the new facility introduces a new manufacturing activity to the Kingdom:......

Tata Consultancy Services expands AI strategy with 8,900 deployment engineers and acquisition plans

Tata Consultancy Services (TCS) is significantly expanding its artificial intelligence strategy by creating a specialized workforce of up to 8,900 forward-deployed engineers while actively exploring acquisitions in AI, cybersecurity and data security to strengthen its technology portfolio. The initiative reflects the Indian IT giant's......

Aditya Birla Group plans $1.26 billion expansion of Odisha alumina refinery

India’s Aditya Birla Group has unveiled plans for a major expansion of its alumina production capacity in eastern India, with a proposed additional investment of $1.26 billion in its Kansariguda refinery project in Odisha. The expansion, to be carried out through group company Hindalco Industries, aims to triple the refinery’s......

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