Author: News Desk

Sobha Ltd shares traded higher on Tuesday after the company announced its entry into the Mumbai housing market with a new project featuring 310 apartments. The Bengaluru-based developer said it has launched its first Mumbai project, SOBHA Inizio, which covers just over one acre. The development is being built in partnership with the landowner, with apartment prices starting around ₹2.8 crore and going up to ₹5.75 crore. The company hasn’t revealed the project cost or the expected revenue. Sobha has already delivered more than 148 million square feet across 27 cities. It also reported its highest-ever sales bookings for the…

Apple has let go of several dozen people from its sales teams, Bloomberg reported. The company is trying to simplify how it sells to businesses, schools, and government agencies. The affected employees were told over the past couple of weeks. Broad layoffs are rare for Apple, which usually avoids them. The cuts touched different parts of the sales organisation, though some teams were hit harder than others. Apple didn’t say how many people were let go. The roles affected included account managers who handle large institutional clients and staff who run Apple’s briefing centres, where major customers get hands-on demonstrations.…

Indian tyre makers have climbed higher on the global stage, with four companies now ranked among the world’s top 20 in the latest Global Tyre Report from Tire Business, which uses CY2024 sales as its benchmark. MRF leads the Indian pack at number 13 worldwide. Apollo Tyres is right behind at 14, while JK Tyre & Industries holds the 19th spot. CEAT has also broken into the group, placing 20th. ATMA Director General Rajiv Budhraja said this recognition reflects the scale, technology focus, and global competitiveness that Indian manufacturers have built over the years. He noted that the achievement underscores…

The Adani Portfolio, one of India’s major infrastructure and utilities groups, released its H1 FY26 financials along with a credit and results compendium. The disclosures lay out the group’s performance over the past half-year and also place it in context with data going back to 2019, showing how the portfolio has strengthened over time. According to Group CFO Jugeshinder Singh, the core infrastructure businesses are still posting solid double-digit growth even as the group pushes through one of the country’s largest ongoing capex programs. He noted that the first half of FY26 saw the portfolio’s highest-ever capex for that period,…

India implemented four major labour codes aimed at modernizing decades-old laws and providing minimum wages, gratuity, and social security to over 400 million workers. Union Minister Mansukh Mandaviya called the reforms a “major step” for workforce welfare and a boost toward India’s development goals by 2047. Key Labour Codes IntroducedThe four new codes include the Code on Wages 2019, Industrial Relations Code 2020, Code on Social Security 2020, and Occupational Safety, Health and Working Conditions Code 2020. These codes consolidate and rationalize 29 existing labour laws, aligning India’s labour system with global standards. Worker Rights and BenefitsThe reforms guarantee timely…

Billionaire Vivek Ramaswamy, the Indian-American businessman-turned-politician, has seen his net worth surge more than 80 percent to 1.8 billion dollars by November 2025, according to Forbes. This comes after a year of major career shifts, including dropping out of the 2024 US presidential race, stepping aside from Elon Musk’s Department of Government Efficiency in January 2025, and launching his campaign for Ohio governor in February 2025. Ohio Governor CampaignDuring his campaign announcement in Cincinnati, Ramaswamy described the US as being “on the cusp of a new golden age” and pledged to make Ohio the top state for capitalism and meritocracy.…

The government has removed approximately 2.25 crore ineligible beneficiaries from the free monthly ration scheme over the past four to five months, a senior Food Ministry official confirmed on November 18, 2025. The exercise aims to ensure that the scheme benefits only those who truly need it. Under the National Food Security Act, poor households are entitled to five kilograms of free foodgrains per month, including wheat and rice, to provide them with regular sustenance. Who Was Removed and WhyMany of the removed beneficiaries were unintended recipients, including individuals owning four-wheelers, holding company directorships, or earning above the set income…

At the ongoing Dubai Airshow, Embraer Defense & Security made a major pitch to the Indian Air Force, positioning its KC-390 Millennium as the ideal solution for India’s long-delayed medium military transport requirement. Officials emphasized that the aircraft can be fully manufactured in India and that specialized variants could be co-developed locally if the IAF selects the jet. Full Local Manufacturing CommitmentEmbraer officials confirmed to an idrw.org-affiliated journalist that they are ready to transfer 100 percent of final assembly, testing, and delivery to India under a complete Make in India framework. “This is not just local assembly,” an official stated.…

India’s export performance has held firm despite uncertainty in global trade. SBI Research, in an assessment shared through ANI, reported that merchandise exports reached 220 billion dollars between April and September in FY26. This is a clear improvement from 214 billion dollars in the same period last year and shows that India’s exporters are holding their ground. Rise in US Shipments but a Smaller Overall ShareExports to the United States grew by 13 percent to 45 billion dollars during the six month period. However, shipments in September alone fell by almost 12 percent when compared with the previous year. The…

Prime Minister Narendra Modi met Italian Prime Minister Giorgia Meloni in Johannesburg on the sidelines of the G20 Summit, where both leaders explored ways to deepen cooperation in trade, investment, technology, AI, space, defence and security. They also formally adopted the India-Italy Joint Initiative to Counter Financing of Terrorism, reinforcing a shared commitment to combating global terror networks. Modi later noted that the India-Italy Strategic Partnership is gaining strong momentum, while both sides reviewed progress under the Joint Strategic Action Plan 2025–29. Meloni also expressed support for the AI Summit India will host in 2026. Trade between the two countries…