PM Modi will inaugurate the Mahi-Banswara nuclear power project in Rajasthan, marking NTPC’s entry into the nuclear energy sector. The project, developed by Ashvini, a joint venture between NTPC and NPCIL, will feature four indigenously developed 700 MWe PHWRs. This initiative is part of the government’s plan to achieve 100 GW of nuclear power capacity…
The Indian government is engaging with the US administration and the IT sector to address the impending H-1B visa fee increase, set to take effect on September 21. This hike, potentially reaching $100,000, will disproportionately affect American companies heavily reliant on these visas for skilled workers.
Nasscom has voiced concerns over the US administration’s decision to hike H-1B visa fees to $100,000, potentially disrupting Indian tech companies and onshore projects. The organization also criticized the short implementation deadline, warning of uncertainty for businesses and professionals. This fee increase, coupled with proposed legislation, poses challenges for the Indian IT sector already navigating…
The ministry of consumer affairs has launched a GST category on the INGRAM portal, effective September 22, 2025, to address consumer queries and complaints related to revised GST charges. National Consumer Helpline (NCH) counsellors received training to handle GST-related grievances efficiently.
India’s pharmaceutical market demonstrated robust growth, climbing 8.1% in August, fueled by chronic treatments like cardiac and anti-diabetic drugs. Respiratory and cancer medications also saw strong demand. GLP-1 therapies experienced a remarkable 97% surge, significantly boosting anti-diabetic sales.
Maharashtra leads India in wealth creation with 1,78,600 millionaire households, a 194% increase since 2021, fueled by a 55% GSDP surge. Mumbai, the “Millionaire Capital,” contributes 1,42,000 of these households. Nationally, millionaire households have risen by 90%, but wealth remains concentrated in the top 10 states and key metropolitan areas.
India’s first bullet train project achieves a significant milestone with 320 km of the Mumbai-Ahmedabad corridor viaduct completed. The advanced E10 Shinkansen will operate on the route, with the initial Surat-Billimora section targeted for 2027. A challenging tunnel breakthrough was achieved, and the entire corridor is expected to be operational by 2029, connecting to Bandra-Kurla…
Container freight rates are projected to remain low through FY26 due to global trade uncertainties, exacerbated by US tariffs. Indian exports to the US surged by 18% before the tariff deadline, while exports from China to India also increased. Experts anticipate a potential 10-15% correction in freight rates due to oversupply and weakening demand.
Japanese and Taiwanese firms, including Tokyo Electron and PSMC, are considering establishing country-specific housing corridors in Dholera, Gujarat, to accommodate expat employees working on India’s first chip fabrication unit. These private townships aim to cater to the specific needs of expats, addressing dietary preferences and cultural adjustments in the remote location.
