22 Dec 2025

IIT-Bombay researchers have reviewed proposed changes to the housing component of CPI, welcoming the base year update to 2024 but raising concerns over monthly data collection for all dwellings. The paper favors the existing six-month panel method, noting that visiting all 25,000 dwellings monthly would increase costs, burden respondents, and risk data quality. While supporting some proposals like rural inclusion and excluding employer-provided dwellings, the authors stress that flaws in the current index are addressable with better data use. Experts back the view, highlighting inefficiency of monthly collection.Read more

22 Dec 2025

State-owned NHPC is set to begin commercial operations of the second 250 MW unit of the Subansiri Lower Hydroelectric Project, taking a key step forward in India's largest hydropower development. Being developed at an estimated cost of around INR 27,000 crore on the Assam-Arunachal Pradesh border, the 2,000 MW run-of-river project is a critical addition to the country's renewable energy capacity. The commissioning of the second unit marks steady progress in the phased operationalisation of the project.Read more

18 Dec 2025

Welspun World has started commercial operations at its new ductile iron pipe manufacturing plant in Anjar, Gujarat. Developed under a multi-crore INR brownfield expansion plan, the facility adds 200 kilo metric tonnes per annum to the group's capacity, taking the total to 400 kilo metric tonnes annually. Inaugurated by Union Minister for Jal Shakti C R Patil, the plant strengthens Welspun World's presence in water and infrastructure sectors. The company said the facility will support national water programmes such as Jal Shakti Abhiyan and Jal Jeevan Mission.Read more

18 Dec 2025

Ambrane has begun operations at its new 83,000 square feet automated manufacturing facility in Kundli, Haryana, developed with an investment of INR 50 crore. The plant is expected to increase the company's production capacity by 200 per cent and support its expansion into new product categories such as IT peripherals and small appliances. Designed with automation-ready systems, the facility aims to reach a capacity of 15 lakh units per month and has already generated over 600 local jobs, with more hiring planned.Read more

16 Dec 2025

Tata Power is preparing to finalise a 10 GW wafer and ingot project, estimated at INR 6,500 crore, by January next year. The company is in discussions with multiple states, including Odisha, Tamil Nadu, and Andhra Pradesh, evaluating policies and incentives before deciding the site. The plant will complete Tata Power's solar manufacturing integration, covering wafers, ingots, cells, and modules. The company, with a diversified 15.9 GW portfolio in thermal, solar, and wind, is also exploring entry into nuclear energy through small modular reactors (SMRs).Read more

15 Dec 2025

SIMEST, a CDP Group company supporting the global expansion of Italian businesses, has signed a Memorandum of Understanding with the Indian Chamber of Commerce to strengthen economic cooperation between Italy and India. The agreement was formalised at the Italy–India Business Forum in Mumbai in the presence of senior leaders from both countries. The partnership aims to promote cross-border investments, industrial collaboration and business linkages, while supporting Italian companies entering the Indian market through financial instruments and advisory support. The MoU also focuses on sharing insights on investment opportunities, mergers, acquisitions and startups, reinforcing long-term trade and commercial ties between the two economies.Read more

15 Dec 2025

Tamil Nadu has achieved double-digit economic growth driven largely by sustained infrastructure development and large-scale job creation, Finance and Environment Minister Thangam Thennarasu said in Chennai. Speaking at the inauguration of the Vels Trade and Convention Centre and Vels Film City in Poonamallee, he said infrastructure-led investments have strengthened the state's economy and generated direct and indirect employment. The minister highlighted the role of private sector participation in supporting growth, citing investments in convention, trade and film infrastructure. He noted that under Chief Minister M K Stalin's leadership, Tamil Nadu recorded 11.19 per cent growth, supported by projects that boost jobs, real estate activity and allied industries.Read more

15 Dec 2025

The Uttar Pradesh government has announced that NAFED will soon operationalise 50 urad procurement centres across 17 districts, allowing farmers to sell their produce at the minimum support price of INR 7,800 per quintal. The initiative is being rolled out under NAFED's Aatmanirbhar Dal Yojana, which focuses on direct procurement from farmers and removes middlemen from the process. Purchases are expected to begin shortly and will continue until January 29, 2026. Payments will be credited directly to farmers bank accounts within three working days. Registration is mandatory and can be completed through the e-Samridhi app or NAFED centres.Read more

15 Dec 2025

India and France have agreed on a major update to their three-decade-old tax treaty, introducing lower dividend tax for French companies with significant holdings in India while giving New Delhi wider authority to tax capital gains from French investors. The revised framework also removes France’s earlier most-favoured nation benefit, which had been a point of dispute after a key Supreme Court ruling. The changes aim to modernise the treaty, improve tax clarity and reduce litigation, while also addressing concerns around technical services taxation. The agreement is expected to be signed in the coming weeks once India’s cabinet clears it.Read more

13 Dec 2025

Tata Steel has approved a series of expansion and backward-integration plans to strengthen capacity, secure raw materials and widen its downstream product range. The plan includes raising Neelachal Ispat Nigam Ltd's capacity to 4.8 MTPA, developing a new Thin Slab Caster and rolling facility at Meramandali, and setting up a 0.7 MTPA Hot Rolled Pickling and Galvanising Line in Tarapur. The company also finalised a 50.01% stake purchase in Thriveni Pellets, signed an MoU with Lloyd Metals & Energy for mining and steelmaking opportunities, and advanced work on its low-carbon HIsarna technology.Read more