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Indian private aerospace company Skyroot Aerospace is preparing to carry out the inaugural test flight of its Vikram-1 launch vehicle, marking another significant step in the country's rapidly expanding commercial space sector. The launch is scheduled to take place from the Satish Dhawan Space Centre on Sriharikota Island. During the......
JSW Steel, India’s largest steel producer, reported stronger-than-expected quarterly earnings on Friday, benefiting from improved domestic steel prices and stable production volumes despite rising raw material costs. The Mumbai-based company posted consolidated net profit of 46.51 billion Indian rupees ($482.79 million) for the quarter......
India has launched its first hydrogen-powered passenger train, becoming one of a small group of countries operating rail services powered by hydrogen fuel cells. Prime Minister Narendra Modi inaugurated the train on Friday in the northern state of Haryana, marking a significant milestone in the country's efforts to modernize its railway......
HSBC has upgraded its outlook on Indian equities to "Neutral" from "Underweight", citing improving macroeconomic conditions driven by lower crude oil prices and renewed foreign investor participation. The brokerage also raised its year-end 2026 target for the BSE Sensex to 84,000, reflecting increased confidence in the......
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 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 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 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 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 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 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......
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......
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......
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