Author: News Desk

Mukesh Ambani-led Reliance Industries disclosed key details about the compensation of its directors in its Annual General Meeting (AGM) report released on August 7, 2025. The filing with the Bombay Stock Exchange (BSE) revealed the earnings of both non-executive and full-time directors for the financial year 2024-25 and projections for 2025-26. Equal Compensation for Ambani Siblings The report showed that Anant Ambani, Isha Ambani, and Akash Ambani each received ₹2.31 crore in total remuneration during 2024-25. This amount includes sitting fees and commission paid to them as non-executive directors. Mukesh Ambani’s Salary Details Mukesh Ambani, the Managing Director and Chairman,…

Gautam Adani, Chairman of the Adani Group, spoke at the Indian Institute of Management, Lucknow, urging students to prepare for leadership roles in India’s development. Adani emphasized that the future will be unpredictable and require new approaches. He encouraged students to focus on conviction, responsibility, creativity, and integrity rather than following traditional paths. Sharing his own experience, Adani talked about starting his career in diamond trading, building India’s largest commercial port at Mundra, developing energy projects in Australia and the Khavda desert, and working on the redevelopment of Dharavi slums. Each project involved significant challenges and required persistence. He stressed…

TRUMPF, a global leader in industrial machine tools and laser technology, has launched its first manufacturing plant in India, located at Nighoje, Pune, Maharashtra. This move underscores the company’s commitment to India’s growing manufacturing sector. A Strategic Investment in India’s Manufacturing Future Stephan Mayer, CEO of Machine Tools and Member of the Management Board at TRUMPF Germany, called the new Pune facility an investment in India’s future as a global manufacturing hub. This plant represents a major step in TRUMPF’s localisation efforts to serve India’s expanding industrial market more effectively. Initial Production and Future Plans The plant will start by…

Following improved aerial connectivity, Lakshadweep is now emerging as a top global tourist destination with the launch of luxury resorts by Indian Hotels Company Limited (IHCL), India’s largest hospitality group known for its Taj brand. IHCL Opens Resorts on Bangaram IslandIHCL has unveiled two exclusive resorts in the Lakshadweep archipelago: a resort on Bangaram Island featuring 60 rooms, and Coral Pearl, an eco-friendly glamping site with 50 luxury tents. These properties aim to blend comfort with the natural beauty and local culture of Lakshadweep’s pristine white beaches. Focus on Responsible and Unique TourismPuneet Chhatwal, MD and CEO of IHCL, highlighted…

Indian space startup Agnikul Cosmos has reached a major milestone by creating the world’s largest single-piece 3D-printed rocket engine. Made from Inconel, a nickel-chromium-based superalloy known for its strength and heat resistance, the engine is about one meter long and printed entirely as a single integrated unit — from fuel entry to plume exit — without welds, joints, or fasteners. Cutting Manufacturing Time and ComplexityThis single-piece design eliminates traditional assembly processes, which often require welding multiple parts together. The approach reduces potential failure points, cuts production time by over 60%, lowers weight, and improves fluid flow and durability. The result…

India has reportedly put on hold a multi-billion-dollar plan to buy Boeing aircraft from the United States, after costs surged following new US tariffs. The $3.6 billion deal was meant to secure six additional Boeing P-8I maritime patrol planes, but defence sources say the government is now reassessing the purchase. Rising Costs Push Deal Into UncertaintyThe original agreement, cleared by the US State Department in 2021, was valued at $2.42 billion. Since then, prices have risen sharply due to inflation, supply chain disruptions, and most recently, a 25% tariff imposed by US President Donald Trump at the start of August.…

Chief Minister Mohan Yadav announced that Defence Minister Rajnath Singh will perform the Bhoomi Pujan and lay the foundation stone for the BRAHMA (BEML Rail Hub for Manufacturing) project on August 10 at Obaidullaganj in Raisen district, about 25 km from Bhopal. Union Agriculture Minister Shivraj Singh Chouhan will attend in person, while Railways Minister Ashwini Vaishnaw will join virtually. Major Investment and Job CreationThe BRAHMA facility will be built with an investment of around Rs 1,800 crore. Spread across 60.0630 hectares in Umaria village, it will manufacture railway and metro coaches for Vande Bharat, Amrit Bharat, and metro trains.…

India’s gems and jewellery industry is facing a major challenge after US President Donald Trump announced a steep hike in import tariffs. The duty on Indian jewellery has been doubled from 25% to 50%, a move that industry leaders are calling “doomsday” for the sector. The US is India’s biggest market for polished diamonds and studded jewellery, buying around $10 billion worth each year. With the new tariff, Indian exporters fear they will lose a large share of this market, leading to falling sales, factory closures, and job losses. To deal with the crisis, companies are now exploring ways to…

Taiwanese electronics manufacturer Foxconn has sold its electric vehicle (EV) manufacturing facility in Lordstown, Ohio, to Crescent Dune LLC for $88 million. Regulatory filings confirm that Foxconn, which describes Crescent Dune as an existing business partner, will continue EV production at the site without interruption. The company intends to reinvest the proceeds from the sale into its expansion of EV and advanced manufacturing operations within the United States. This move aligns with Foxconn’s broader U.S. growth strategy: liquidating the asset while maintaining operational access, repositioning for greater flexibility in product lines, and doubling down on EV and manufacturing ambitions. Foxconn…

The UAE and Oman are laying down tracks for something big: the first rail link crossing their shared border. It’s called Hafeet Rail, named after the rugged mountain range that straddles both countries. This is a joint venture between Etihad Rail, Oman Rail, and Mubadala Investment Company. With a $2.5 billion price tag (960 million Omani rials), the new 303-kilometre railway will connect Sohar Port in Oman to the Etihad Rail network in Al Ain. Of that, 238 km will run between Sohar and Abu Dhabi — cutting today’s road journey down to just over an hour and a half.…