INDIA
Peg by peg, Vodka's share is rising in India
Vodka is capturing a record share of India's liquor market, driven by younger consumers and women. This trend marks a significant structural shift towards white spirits, especially vodka. Radico Khaitan's vodka business has seen substantial growth over the past five years. The company has also focused on premiumizing its whisky portfolio to adapt. This strategic move reduces dependence on lower-priced liquor and commodity selling.
India sends third tranche of relief supplies to Nepal
India has responded generously to the dire situation in Nepal, sending a third relief flight loaded with ten tonnes of supplies. Additionally, an eleven-member medical team and expert rescue specialists are on board, heading to the flood-stricken region. This follows earlier shipments of humanitarian aid from New Delhi, demonstrating India’s unwavering support for Nepal amid these catastrophic floods.
India’s E&M industry resilient on strong user engagement, ad push
India's entertainment and media industry will grow to $36.7 billion by 2030. Digital advertising and video OTT will lead this significant expansion. Gaming and esports revenue is also projected for substantial annual growth. Traditional TV and print media will remain resilient and continue to grow.
India's forex reserves hit record high of $729.33 billion after $12.4 billion weekly jump
India's foreign exchange reserves have reached an all-time high of $729.328 billion. This surge marks a significant build-up in the nation's external reserves. Foreign currency assets and gold reserves drove this substantial increase. The Reserve Bank of India's measures have attracted considerable forex inflows. These reserves are now higher than both end-March and a year earlier levels.
IndiaFirst plans to raise Rs 250 cr in subordinated debt
IndiaFirst Life Insurance plans to raise ₹150-250 crore through subordinated debt. BNP Paribas Cardif will acquire Warburg Pincus' stake in the insurer. The company's initial public offering plans have been deferred, not abandoned. Its agency channel is expected to contribute a larger share to business. IndiaFirst Life is also seeking new bancassurance partnerships.
Semiconductor GCCs set to add 10,000 jobs in India
About 80% of the expected headcount growth will come from existing GCCs and 20% from new centres, said Pareekh Jain, chief executive of EIIRTrend, a market research firm. The expansion highlights a wider divergence across India’s engineering GCC market.
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Singapore Airlines' board to retain final say on further Air India investment
Singapore Airlines’ board will retain the final decision on any further investment in loss-making Air India, chairman Peter Seah told shareholders. He said the board is closely reviewing the investment and would approve additional funding only as circumstances warrant.
S&P retains India rating, keeps outlook stable on economic momentum
Last year, S&P, the biggest of the global ratings firms, had raised its rating on India to 'BBB' from 'BBB-' after 18 years, citing the country's economic resilience and sustained fiscal consolidation. However, Fitch has retained its sovereign rating on India at BBB- since 2006, while Moody's has retained the same lowest investment grade of 'Baa3' since 2020. As for short-term India credit rating, S&P has maintained it at A-2, indicating that the country's capacity to meet financial commitments remains satisfactory.
Google’s India-first AI models for agriculture are finding applications beyond India
Google's agricultural AI models, developed in India, have expanded their reach to eleven countries, facilitating advancements in farming and water management systems. By harnessing satellite imagery, these models support sustainable practices, such as rice cultivation and informed agricultural financing. State governments are now incorporating this innovative technology into their digital agriculture platforms, ultimately enhancing global food security through improved data access.
India to take on two-time World champions Uruguay in high-profile football friendly on October 6
On October 6, India is set to welcome Uruguay for a friendly football match, following games against Panama and Brazil. With Uruguay holding the twentieth rank globally, this match is a valuable opportunity for India to challenge itself against elite World Cup teams.
China to supply bulk of India’s fertiliser tender in major sale
China will ship at least 1.2 million tons of urea to India soon as part of India's recent tender for the key fertiliser. This marks an improvement in global urea market tightness after earlier disruptions. China's loosened export controls are contributing to increased fertiliser availability worldwide.
Piyush Goyal concludes Japan visit, says strong interest by Japanese businesses for India, robotics investment deal takes shape
Union Commerce and Industry Minister Piyush Goyal on Thursday concluded his four-day visit to Japan, saying the trip generated strong interest among Japanese businesses and also produced early investment outcomes, including a potential robotics manufacturing investment in India.
India’s budget math brightens with asset sales target in sight
India's fiscal position has improved significantly from earlier concerns. The government is set to exceed its asset sale target for the first time in eight years. Stronger tax collections and easing global fertilizer costs are bolstering government finances. This positive fiscal outlook contrasts with earlier revenue challenges faced by the nation. Officials anticipate a positive outcome for the nation's financial year.
German auto parts maker Mahle said to revisit IPO for India unit
German auto parts maker Mahle GmbH is revisiting plans to list its Indian business in Mumbai, according to people familiar with the matter. The potential IPO could raise around $300 million to $400 million, with the company expected to appoint advisers and begin preparations soon. Mahle had previously considered an India listing in 2024 but did not proceed.
India’s Olympic medal gap starts before the Games, PM Modi points at 'bitter truth'
Prime Minister Narendra Modi emphasized increasing participation in new sports for Olympic success. He stated India does not compete in many Olympic events, which limits medal potential. Modi's vision integrates sports and youth power for national development. A nationwide talent hunt for children aged five to fifteen was announced. This initiative aims to boost India's Olympic presence and medal count.
'India will never bow its head': Rajnath Singh says India among world's powerful nations today
Defence Minister Rajnath Singh highlighted India's strengthening economy and defence production. India is now exporting defence equipment worth approximately fifty thousand crore rupees. Our armed forces are equipped with modern technology and protect borders with integration. Operation Vijay and Operation Sindoor exemplify national resolve and military capability. India stands among powerful nations, with its voice heard internationally.
India, China may build new framework for investments
India and China are exploring new frameworks for business exchanges and investments. Beijing may unveil an investment package for India during President Xi Jinping's visit. This includes a special economic zone with easier sea route access. Efforts are underway to ease approval processes for Chinese investments in non-strategic sectors. Both nations aim to improve overall ties and manage differences after a freeze.
India, China agree to advance ‘early harvest’ on border delimitation, management
India and China agreed to advance boundary delimitation and border management talks. They reached eight points of consensus during Special Representatives talks in Beijing. Both sides committed to a fair and mutually acceptable solution for the boundary question. Existing diplomatic and military channels will address ground situations promptly. Future talks will focus on improving border management and cooperation.
Japan already invested 14 percent of 10 trillion yen India investment target: Piyush Goyal
Japanese firms have invested Rs 1 lakh crore towards a 10 trillion yen investment target. This pace suggests the full investment may occur within the next few years. India aims to double Japanese companies operating here to three thousand. Proposals include a Deep Tech Capital Corridor and innovation bridges. Manufacturing and technology integration will leverage both nations' strengths.
India rejects UN panel report on alleged discrimination against ethnic, religious groups, Rohingya refugees
India has rejected a United Nations report alleging discrimination against various groups. The UN Committee on the Elimination of Racial Discrimination flagged concerns over human rights violations. India's External Affairs Ministry spokesperson called the report politically motivated and malicious. The ministry highlighted India's constitutional safeguards and legal framework. India remains committed to combating racial discrimination and will respond through established procedures.
Northeast India can become a strategic gateway for India’s emerging space economy: SIA-India
The Northeast India Space Workshop 2026 explored leveraging space technology for regional transformation. Discussions focused on building a stronger role within India's evolving space ecosystem. The region can advance space-enabled connectivity and disaster resilience. Local industries and startups will participate in emerging space manufacturing opportunities. A Centre for Space Entrepreneurship will foster innovation and talent development.
India has fixed its PSU banks. Now comes the more ambitious part
The EAC-PM has proposed consolidating India’s public sector banks into a few large, comparable institutions to meet rising credit demand and finance the country’s growth towards Viksit Bharat 2047. The recommendation comes after a major PSB turnaround, with stronger profits, lower NPAs and faster credit growth. Larger banks could better fund infrastructure, manufacturing, technology and overseas expansion.
Khelo India Dialogue: PM Modi to motivate youth to take up sports, shape India's future
Prime Minister Narendra Modi will engage with youth on India's sporting journey. The Khelo India Dialogue will focus on aspirations and youth leadership. It aims to improve the sports ecosystem and nurture talent for 2036 Olympics. The program will connect youth with athletes and medal winners nationwide. This initiative supports building a fit and disciplined nation for development.
Hyundai goes big on India with 26 new models as it plots 100+ vehicle global offensive
Hyundai is gearing up for an extensive expansion, aiming for over one hundred global vehicle launches and enhancements by 2030. In India, the automaker plans to unveil twenty-six new models along with an increase in production capacity. By diversifying its hybrid and extended-range electric vehicle lineup, Hyundai seeks to position India as its second-largest global hub, responding to a dynamic market landscape.
Air India, Drukair announce interline partnership to boost India-Bhutan connectivity
Air India and Bhutan’s Drukair have announced an interline partnership allowing passengers to travel on both airlines under a single ticket. The tie-up will offer through-baggage and easier connections between Bhutan, Air India’s domestic network and international destinations through Delhi, Guwahati and Kolkata.
Fastest-growing India has scale, growth and a young population, Sitharaman tells Canadian investors
Finance Minister Nirmala Sitharaman urged Canadian investors to tap India’s fast-growing economy, highlighting its scale, young population, expanding consumption, digital infrastructure and deepening capital markets. She also stressed opportunities in fintech, payments and financial services, as India and Canada strengthen economic ties through CEPA negotiations, uranium cooperation and plans to more than double bilateral trade by 2030.
Diversity of consumers and range of price points make India a terrific laboratory for testing brands & new products: Anthony Capuano, president and CEO, Marriott International
Marriott International, the world’s largest hotel chain, is expanding aggressively beyond India’s biggest cities, aiming to nearly double its room inventory by tapping a growing domestic appetite for business and leisure travel.
India pivots to US for LPG, LNG as West Asia crisis disrupts Gulf supplies
India is sharply increasing LPG and LNG imports from the United States as West Asia disruptions constrain traditional Gulf supplies. US LPG accounted for over 73% of India’s LPG imports in August, while US LNG volumes also rose. Russia remains India’s largest crude supplier, while Venezuela and the UAE gain importance as India diversifies energy supplies amid geopolitical risks.
India Post goes digital
Citizens can book parcels, check their savings and get insurance services under a single interface without visiting a post office. Communications minister Jyotiraditya Scindia said India Post is being modernised for the needs of the 21st century.
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