01 Aug 2026

The Department of Financial Services under the Ministry of Finance has launched India's first sovereign-backed Protection and Indemnity (P&I) insurance product under the Bharat Maritime Insurance Pool (BMIP), expanding the country's domestic maritime insurance framework. Developed by New India Assurance Company, the policy provides coverage against third-party maritime liabilities with an indemnity limit of up to USD 1.5 billion. The move builds on the successful rollout of BMIP's war risk insurance, which has reduced premium rates and strengthened domestic underwriting capacity while supporting India's efforts to reduce dependence on overseas insurance markets.Read more

30 Jul 2026

Himachal Pradesh is looking to unlock nearly INR 25,000 crore in new economic opportunities by promoting science and technology-based innovations across agriculture, forestry, bio-economy, tourism, and hydropower. Speaking during the 'Atmanirbhar Yatra' regional outreach conference in Shimla, HIMCOSTE Member Secretary Pushpendra Rana highlighted the commercial potential of forest resources, biofuels, bamboo, and value-added products. The state is also considering the creation of an Innovation Fund to encourage research, startups, and technology commercialisation, while strengthening collaboration between research institutions, industries, and government agencies.Read more

27 Jul 2026

The US has imposed a 10 per cent tariff on goods imported from India under a new trade measure linked to the enforcement of laws against forced labour. The revised tariff is lower than the 12.5 per cent initially proposed after India amended its foreign trade policy to prohibit the import of goods produced using forced labour. The move is part of a broader US action covering 60 economies. While India has opposed the investigation behind the tariffs, the reduced rate is being seen as an indication that trade discussions between the two countries continue to remain active.Read more

27 Jul 2026

India’s policy-driven growth has helped the country remain the world’s fastest-growing major economy despite increasing global uncertainty, ITC Chairman and Managing Director Sanjiv Puri said while addressing shareholders at the company’s Annual General Meeting. He said recent geopolitical developments, particularly the West Asia crisis, have made global volatility more structural than temporary, affecting trade and energy security. Highlighting India’s policy reforms, Puri said they have strengthened economic resilience. He also outlined ITC’s medium-term business performance, investment plans, exports, FMCG growth and contribution to the economy over the past five years.Read more

24 Jul 2026

Foreign banks have passed on the Reserve Bank of India's policy rate cuts to borrowers and depositors more effectively than public and private sector banks during the current easing cycle, according to the RBI's latest monthly bulletin. The data showed that foreign banks recorded the steepest reductions in lending as well as deposit rates across both fresh and outstanding accounts. The central bank also noted that the transmission of policy rate cuts remained particularly strong in sectors linked to repo-based lending, including infrastructure, reflecting the growing impact of external benchmark-linked lending norms.Read more

11 Jul 2026

India has stepped up its engagement with Chinese companies as diplomatic and economic ties continue to improve. Indian Ambassador to China Vikram Doraiswami recently met senior executives from leading Chinese businesses and reaffirmed the Indian Embassy's support for companies looking to invest and expand in India. The outreach follows recent easing of restrictions on Chinese investments and comes as China became India's largest trading partner in FY2025-26. The discussions also covered pharmaceutical exports, bilateral trade, market access and measures to strengthen commercial cooperation between the two countries.Read more

09 Jul 2026

The Bombay Chamber of Commerce & Industry, in collaboration with the Brihanmumbai Municipal Corporation (BMC), organised the Namaste Mumbai Conclave 2026 and The Grand CivicTech Fund Quest in Mumbai earlier this month. The event brought together government officials, industry leaders, investors, academicians and entrepreneurs to discuss Mumbai's future as a creative, cultural and innovation-driven city. Alongside panel discussions on urban development and city branding, the conclave featured a CivicTech startup competition aimed at supporting technology-led solutions for urban governance. Niramai Health Analytix Pvt. Ltd. emerged as the winner of the competition, while BMC highlighted its efforts to foster civic innovation through its SMILE incubation programme.Read more

07 Jul 2026

Hindustan Petroleum Corporation Limited (HPCL) reported that its operational efficiency programme, Project Samridhi, improved earnings by USD 0.54 per barrel during FY26 through cost optimisation and refinery performance enhancements. The initiative generated EBITDA gains of INR 1,691 crore while supporting broader investments in refining, pipeline and fuel retail infrastructure. The programme forms part of HPCL's strategy to strengthen operational efficiency, expand energy infrastructure and improve financial performance across its refining and marketing network.Read more

02 Jul 2026

• Uttar Pradesh is strengthening its infrastructure and digital governance framework as part of its strategy to become a USD 1 trillion economy, with a focus on improving connectivity, ease of doing business and public service delivery.
• The state is expanding its network of expressways, airports, waterways, logistics hubs and defence manufacturing corridors to attract investments, improve regional connectivity and generate employment.
• The government believes sustained investments in physical infrastructure, technology-driven governance and industrial development will strengthen economic growth and help achieve its long-term development goals while contributing to the vision of Viksit Bharat.Read more

20 Jun 2026

Real estate industry executives believe the recent US-Iran peace agreement could have a favourable impact on India’s residential property market by reducing global economic uncertainty and easing inflationary pressures. Industry stakeholders said the reopening of the Strait of Hormuz could help stabilise energy and commodity prices, improving the broader macroeconomic environment. Developers expect the development to provide greater flexibility for the Reserve Bank of India (RBI) on interest rates, supporting housing affordability and consumer sentiment. According to industry representatives, improved economic visibility and stable borrowing conditions may encourage first-time buyers, end-users and prospective purchasers who have delayed purchase decisions to re-enter the market, potentially supporting residential sales momentum across housing segments in the coming quarters.Read more