Author: News Desk
The Raymond Group is set to establish two global manufacturing units in Anantapur district, Andhra Pradesh, with a total investment of around ₹1,000 crore. The projects aim to strengthen the company’s presence in the aerospace and automotive sectors. The aerospace unit will be located at Gudipalli, while the automotive facility will come up at Tekulodu. The combined projects will receive government incentives totaling ₹695 crore and are expected to create approximately 5,400 jobs. Government Approvals and Incentives The State Investment Promotion Board (SIPB) has cleared the proposals submitted by the company. For the automotive unit, the state has approved incentives…
Bosch has taken a significant step toward climate-friendly logistics by putting a fuel-cell electric truck into operation at its Nuremberg plant. The truck uses Bosch’s own Fuel-Cell Power Module (FCPM), recently nominated for the German President’s Future Prize, to operate completely electrically by converting hydrogen and oxygen into water and electricity. When powered with renewable hydrogen, the truck’s powertrain becomes climate neutral. Plant manager Alexander Weichsel highlighted that this deployment is part of Bosch’s effort to reduce emissions in logistics and to demonstrate the viability of hydrogen technology in real-world operations. The truck primarily transports products within the plant and is expected to cover 12,000 kilometers per year.…
Prime Minister Narendra Modi and UK Prime Minister Keir Starmer announced that nine leading British universities will establish campuses in India. The University of Southampton has already inaugurated its Gurugram campus, welcoming its first batch of students. This move represents a major step in India-UK educational collaboration and aligns with India’s National Education Policy 2020, aiming to provide Indian students access to world-class education without leaving the country. Expanding Access to Global Education Five prestigious UK universities have committed to opening campuses in major Indian cities. Alongside Southampton: These campuses are designed to promote collaborative research, strengthen academia-industry partnerships, and enhance skill development and innovation. Strengthening India-UK Relations British Prime Minister Keir Starmer visited India…
Afghan Taliban Foreign Minister Amir Khan Muttaqi has arrived in India for a week of high-level talks, marking the Taliban’s highest-level visit since taking power in 2021. Muttaqi has met India’s Foreign Minister S. Jaishankar and other officials to discuss diplomatic, trade, and economic ties during an eight-day stay. The visit highlights a pragmatic shift in India’s Afghan policy, with India and the Taliban working to strengthen bilateral engagement despite no formal recognition of the Taliban government. Context of the Visit Muttaqi, traveling under a temporary UN-sanction exemption, arrived from Russia, the only country fully recognizing the Taliban. The visit comes amid strained relations between Pakistan and the Taliban, offering India an opportunity…
India’s richest are facing a tougher financial environment this year. According to Forbes, the combined net worth of the country’s 100 wealthiest declined by $100 billion, a 9% drop, bringing total wealth to around $1 trillion. The decline reflects multiple pressures: a weaker rupee, softening global demand, and volatility in tech, infrastructure, and energy markets. Mukesh Ambani Retains Top Spot Mukesh Ambani remains India’s richest individual, despite a loss of nearly $14.5 billion, with a current net worth of $105 billion. Following closely is Gautam Adani, with $92 billion in assets. Other notable billionaires in the top ten include: Sridhar Vembu, founder of Zoho, also makes the list with a net worth of $6 billion. The rankings reflect…
Union Minister for Roads, Transport and Highways Nitin Gadkari inaugurated India’s first commercial electric truck battery swapping and charging station at the Delhi International Cargo Terminal Private Limited (DICT) in Panchi Gujran village on the GT Road near Ganaur in Sonipat. India Moving Toward Clean and Self-Reliant Fuel Production Speaking at the event, Gadkari said India is on track to become the world’s leading producer of aviation fuel. He urged farmers to stop burning stubble and instead use it to produce biofuels, which would strengthen rural incomes and reduce pollution. He highlighted that around five million tons of stubble are already being used to produce bio-bitumen, which is now being used to construct roads in Nagpur and…
Subham Chatterjee, popularly known in mountaineering circles as Mountaineer Ronnie, successfully summited Mount Manaslu, the world’s eighth-highest peak at 8,163 meters, on September 28, 2025, at 6:18 am. The climber from Hooghly district, West Bengal, joins an elite group of mountaineers who have conquered one of the Himalayas’ most dangerous mountains. Battling the ‘Death Zone’ Mount Manaslu, situated in Nepal’s Mansiri Himal range, is notorious for its high fatality rate of 18%, making it one of the deadliest peaks worldwide. The route between Camp 3 and Camp 4 alone takes over 10 hours, with climbers facing steep snow slopes and unstable glaciers. During his ascent, Chatterjee narrowly escaped an avalanche at…
Tamil Nadu Chief Minister M.K. Stalin announced on Tuesday that the state plans to attract Rs 75,000 crore in investments in the aerospace and defence sectors by 2032. He urged global companies not to delay decisions on establishing operations in the state. AeroDefCon’25 Inauguration The announcement was made during the inauguration of AeroDefCon’25, a three-day defence and aerospace conference held at the Chennai Trade Centre. Stalin highlighted that Tamil Nadu is investment-ready in every district and emphasized the government’s support for armed forces personnel, scientists, entrepreneurs, and investors. He called the Tamil Nadu Defence Industrial Corridor a turning point and expressed his vision for the state to become a national manufacturing hub. Steps…
India’s Commerce and Industry Minister Piyush Goyal visited Doha and held talks with Sheikh Faisal bin Thani bin Faisal Al Thani, Qatar’s Minister of Commerce and Industry, to advance discussions on a free trade agreement (FTA) between the two nations. Doubling Trade and FTA Timeline Goyal stated that India and Qatar are exploring ways to double bilateral trade to $30 billion by 2030, up from the current $14 billion. The FTA terms of reference are under discussion and are expected to be finalized shortly. The minister indicated that the trade agreement could be concluded by mid-2025 or the third quarter of 2026, aiming for a fast-tracked negotiation process. Sectors with…
The Indian Institute of Technology Madras (IIT Madras) and the Indian Navy signed a Memorandum of Understanding (MoU) on October 7 to collaborate on naval technology, ocean structures, and advanced engineering solutions. This partnership reinforces both institutions’ commitment to enhancing India’s maritime strength through indigenous capabilities. MoU Signing Ceremony The MoU was signed at IIT Madras in the presence of Vice Admiral D Goswami, Director General of Naval Projects, and Prof V Kamakoti, Director of IIT Madras, along with senior faculty members from the Department of Ocean Engineering. Brigadier Rajesh Karel, Chief Engineer, DGNP Mumbai, and Prof Ashwin Mahalingam, Dean i/c Industrial Consultancy & Sponsored Research, IIT Madras, represented their respective institutions. Prof Kamakoti highlighted that this…