Author: News Desk

India has adopted a new execution model for its indigenous fifth-generation stealth fighter jet, the Advanced Medium Combat Aircraft (AMCA). Under this model, private companies are now allowed to bid for the project alongside the state-run Hindustan Aeronautics Limited (HAL). This marks a significant policy shift from India’s earlier stance where only HAL handled fighter aircraft production. Equal Opportunity for Public and Private Players The new model was approved by Defence Minister Rajnath Singh and is designed to fast-track prototype development and aircraft induction by leveraging a stronger domestic aerospace industry. Both private companies and public sector undertakings can now…

Nissan, present in India since 1965 when it licensed the iconic Jonga for the Indian Army, has confirmed it will remain active in the Indian market. Despite divesting its stake in the Renault-Nissan Alliance plant in Chennai, the company is preparing to launch two new models within the next year. Two New Models Planned Nissan Motor India Managing Director Saurabh Vatsa announced that the company will introduce a 7-seater B-segment MPV by early 2026, similar in category to the Renault Triber. Following that, a C-segment SUV, likely based on the next-generation Renault Duster, is expected by mid-2026. A 7-seater version…

Former RBI Governor Raghuram Rajan believes India is well-positioned to gain from the global trend of diversifying supply chains away from the US, if it acts quickly. Speaking to CNBC-TV18 on May 28, Rajan emphasized that multinational companies are reconsidering their supply networks, creating an opportunity for India to attract more foreign direct investment (FDI). Predictable Policies Key to Growth Rajan stressed the importance of India offering a stable and predictable tax and policy environment to appeal to foreign investors. He warned against overreliance on subsidies and advocated for building a sustainable, long-term production ecosystem. Proactive Approach Needed As global…

Elon Musk has officially stepped down from his position as a special government employee and top adviser to U.S. President Donald Trump. On Wednesday night (local time), Musk took to X to announce his exit, stating that his scheduled term had come to an end. He thanked President Trump for the opportunity to work on reducing government waste and said the DOGE mission to streamline federal spending will continue gaining strength. Exit Follows Criticism of Tax and Immigration Bill Musk’s resignation comes shortly after his public criticism of Trump’s signature legislative proposal, a large-scale tax and immigration reform bill known…

Education Minister Dharmendra Pradhan announced that 15 foreign universities will open branches in India this academic year, focusing mainly on Science, Technology, Engineering, and Mathematics (STEM) fields. University of Liverpool Gets Permission to Open Bengaluru Campus The University of Liverpool received formal approval to start its campus in Bengaluru. The Letter of Intent (LoI) was handed over in a ceremony in New Delhi, presided over by Pradhan. This makes Liverpool the second foreign university to receive such approval under the new UGC regulations of 2023. Growing Presence of Foreign Universities in India Pradhan said the University of Liverpool is the…

Shares of CFF Fluid Controls Ltd have risen 230% over the past three years and are currently up 45% from their 52-week low of ₹380.05, despite a slight dip of 0.95% on Tuesday to ₹550. The stock’s 52-week high is ₹949. The company recently received a ₹6.58 crore domestic order from Mazagon Dock Shipbuilders Ltd for supplying spares for four ship sets of Project 17A, with delivery scheduled by December 2025. CFF Fluid Controls manufactures and services shipboard machinery for the Indian Navy, including critical systems for submarines and surface ships. It has a market capitalisation of over ₹1,000 crore…

Gautam Adani’s net worth rose by $1.72 billion on Monday alone, taking his total wealth to $82.3 billion, as per the Bloomberg Billionaires Index. This one-day gain is notably higher than the annual bilateral trade between Turkey and Pakistan, which stood at $1.4 billion in FY24. Adani Enters Global Top 20 With this rise, Adani now ranks 20th among the world’s richest individuals. His wealth has grown by $3.64 billion so far in 2024, reflecting continued investor confidence in his business empire. India’s Billionaires Outpace Global Peers In contrast to 13 of the top 20 global billionaires who saw their…

A new chapter in Kerala’s industrial development began with the launch of the KINFRA Mini Industrial Park at Thonnakkal, Thiruvananthapuram. Developed over 7.48 acres at a cost of ₹6 crore, the park was officially inaugurated by Minister P. Rajeev. The facility has already been fully allotted to entrepreneurs. Sector-Wise Unit AllocationThe mini industrial park will host 18 units across key sectors such as food processing, paper-based industries, furniture, hardware, aerospace, and defence. The park is expected to support non-polluting industries, categorized under the general sector. Early Success in Investment and EmploymentEven before its formal inauguration, the park attracted investments worth…

President Trump threatened higher tariffs if iPhones aren’t made in the U.S.Shipments of iPhones from India to the U.S. increased by 76% in April compared to last year, reaching about 3 million units, according to technology analyst firm Omdia. Meanwhile, shipments from China fell sharply by 76% to just 900,000 units in the same period. This shift reflects Apple’s push to expand its “made in India” production. Reasons Behind the ShiftApple has been diversifying its supply chain to reduce reliance on China amid trade tensions and tariffs imposed by the U.S. government. The company started investing heavily in India during…

Infosys founder Narayana Murthy has signed a Memorandum of Understanding (MoU) with the Indian Institute of Management Ahmedabad (IIMA) to create a fully-funded, inflation-adjusted scholarship for the two-year Post Graduate Programme (PGP). Named the ‘Professor Jaswant G Krishnayya Merit Scholarship,’ it will cover tuition, hostel fees, course materials, and mess charges annually for one top-performing student based on their first-year CGPA. Murthy has committed to funding this scholarship for 20 years, with an estimated total value of ₹12 crores. The scholarship honors Professor Jaswant G Krishnayya, who played a significant role in Murthy’s early life and career. Pankaj Patel, Chairperson…