India's retail inflation fell to a record low of 0.25% in October, driven by broad-based food price declines, GST cuts, and base effects. Core inflation rose slightly to 4.4%, though it moderated to 2.64% after excluding volatile items. Economists said the low inflation provides temporary relief for households and businesses but could affect rural incomes and demand. Despite the historic dip, inflation is expected to rise gradually in the coming months, with forecasts projecting it to near 4% by March 2026. The RBI may consider a modest rate cut.Read more

Collins Aerospace, a subsidiary of RTX, has opened a new advanced manufacturing facility in Bengaluru with an investment of USD 100 million. The centre, spread over 26 acres at KIADB Aerospace Park, will produce seats, lighting and cargo systems, temperature sensors, communication and navigation equipment, and evacuation slides for global markets. The project forms part of RTX's USD 250 million investment plan for India. The facility is expected to employ over 2,200 people by 2026 and support future expansion opportunities.Read more

BirlaNu, part of the CKA Birla Group, announced earlier this week that it had entered into an agreement to acquire Clean Coats Pvt Ltd, a coatings and specialised construction chemicals manufacturer, for up to INR 120 crore. The acquisition is intended to strengthen BirlaNu's presence in the specialty construction chemicals and high-performance coatings segment, combining Clean Coats' technical expertise with BirlaNu's extensive brand reach and market experience.Read more

Finance Minister Smt Nirmala Sitharaman said India has become one of the world's fastest-growing economies and is on track to become the third-largest soon. Speaking at the Delhi School of Economics, she highlighted that India rose from the tenth-largest economy in 2014 to the fifth today, driven by internal resilience and strong reforms. She credited welfare schemes, digital initiatives, and sectoral reforms for lifting 25 million people out of poverty. Public sector banks have recovered from past financial stress, and the government aims to meet its fiscal deficit target of 4.4%. Global institutions like the IMF and World Bank recognise India as a key growth driver.Read more

Major manufacturing economies struggled to gain traction in October as weak US demand and ongoing tariffs under President Donald Trump continued to hurt global factory orders. The euro zone's factory output stagnated, with Germany, France, and Italy seeing declines, while Spain recorded mild growth. China's economy lost momentum, with manufacturing growth slowing and export orders falling. South Korea also faced contraction, while India stood out with robust domestic demand. Although the US and China agreed to delay tariffs, the trade tensions still cast a shadow on global manufacturing.Read more

The Uttar Pradesh government has decided to offer a 1% recovery rebate on non-hybrid (coarse) paddy, matching the relaxation already available for hybrid paddy. The initiative is expected to benefit around 15 lakh farmers and will lead to an additional financial burden of nearly INR 166 crore on the state's budget. Officials said the decision will help farmers secure better market prices, improve employment opportunities in the rice milling sector, and provide added stability to the state's paddy production and procurement system.Read more

Declining steel prices are causing serious issues for smaller producers at a time when India is planning large-scale capacity additions. According to Steel Secretary Sandeep Poundrik, around 150 small steel firms have halted production due to weak prices and margin pressure. The government has introduced provisional safeguard duties on steel imports, and implemented Quality Control Orders (QCOs) to protect domestic players while supporting long-term goals around self-reliance, green steel and specialty steel. The industry remains central to India's larger infrastructure and economic ambitions.Read more

Adani Solar has crossed shipments of over 15,000 MW of solar modules across India and international markets. Out of this, 10,000 MW were deployed within the country and 5,000 MW exported overseas, with 70 percent made using India-manufactured solar cells. The company plans to increase its production capacity from 4,000 MW to 10,000 MW by the next financial year. This expansion supports India's renewable energy goals under the Make in India initiative and the Atmanirbhar Bharat vision.Read more

Prime Minister Shri Narendra Modi urged international investors to back India's shipping and ports sector, highlighting full foreign-direct-investment access and the government's "Make in India, Make for the World" framework. He pointed to the development of mega-ports, a commitment to quadruple capacity at 12 major ports, and noted that over 150 new maritime initiatives have nearly doubled major-port capacity and shortened turnaround times. He also welcomed a nearly INR 8,000 crore investment from the Port of Singapore into India's port infrastructure.Read more

Labour and Employment Minister Mansukh Mandaviya has emphasized the importance of the maritime sector in driving India's journey toward becoming a developed nation by 2047. Speaking at India Maritime Week 2025, he highlighted that the sector has grown steadily over the last 11 years and continues to generate large-scale employment opportunities. He also referred to India's rich maritime history, noting that the country was a major sea power before colonial rule. Currently, around 95% of India's trade by volume and 70% by value take place through sea routes.Read more