Sona Comstar is partnering with Jinnaite Machinery Co Ltd in a $20 million joint venture to manufacture driveline systems and components for electric vehicles in China. Sona Comstar will hold a 60% stake, aiming to expand its Asian footprint and capitalize on China’s dominant EV market. Operations are slated to begin in the second half…
India’s electronics exports soared by 47% in Q1 FY26, reaching $12.41 billion, driven by strong demand from the US, UAE, and China. Ready-made garment exports also increased, with the US remaining the top market. Marine exports saw significant growth, fueled by product diversification and improved logistics. Automobile exports also contributed to India’s overall export momentum.
India has emerged as a global leader in real-time digital payments, primarily driven by the Unified Payments Interface (UPI). Launched in 2016, UPI has revolutionized India’s payment ecosystem, processing over 18 billion transactions monthly and accounting for 85% of the country’s digital payments.
India is poised to produce its first commercial-scale, domestically manufactured semiconductor chip this year, marking a significant step in its semiconductor ambitions. IIT students have designed 20 chipsets, with eight already in the final design stage. The government’s support through the India Semiconductor Mission and advancements in AI further bolster India’s technological progress.
Prada has refuted claims of violating Geographical Indication (GI) rights linked to Kolhapuri chappals after showcasing sandals inspired by the traditional Indian footwear. The luxury fashion house responded to a legal notice from LIDKAR, asserting that their sandals were simply described as ‘leather sandals’ without any reference to the Kolhapuri region or techniques.
India’s petroleum regulator, PNGRB, has mandated a uniform rate for piped natural gas (PNG) for all households, regardless of consumption. This directive addresses concerns that tiered pricing systems may encourage misuse of subsidized gas by commercial entities misclassified as domestic consumers.
Honda aims to capture 30% of India’s two-wheeler market by 2030, recognizing the country’s crucial role in its global growth strategy. The company sees significant potential in targeting female consumers, who currently represent only 10% of sales. While optimistic about electric vehicles, Honda acknowledges infrastructure challenges and plans a dedicated EV production plant in India…
Gold prices are projected to trade narrowly as investors await key global economic data, trade negotiation updates, and central bank policy signals. Focus will be on the Federal Reserve Chair’s speech, PMI data, and the European Central Bank’s interest rate decision.
JSW Paints, part of the JSW Group, seeks CCI approval to acquire a majority stake in Akzo Nobel India for over Rs 12,915 crore. This includes purchasing a 74.76% stake and a public offer for an additional 25%. Parth Jindal highlighted the growth potential and welcomed Akzo Nobel India’s brands like Dulux.
Donald Trump has criticized the BRICS economic alliance, accusing it of attempting to undermine the dominance of the U.S. dollar. He threatened to impose a 10% tariff on member nations—Brazil, Russia, India, China, and South Africa—if they pursue alternatives to the dollar. Trump emphasized the importance of protecting the dollar as the world’s reserve currency.
