Uttar Pradesh's paddy procurement drive for 2025-26 has seen active farmer participation, with over 1.37 lakh registrations and more than 35,630 metric tonnes already purchased. Nearly 3,790 of the planned 4,000 centres are operational, and registration is facilitated via an OTP-based system on the state portal and mobile app. Payments are directly credited to Aadhaar-linked accounts. Procurement has begun in western and Lucknow divisions, while eastern divisions will start in November. The government targets 60 lakh metric tonnes, offering MSPs of INR 2,369 for common and INR 2,389 for Grade-A paddy.Read more

Earlier this week, a study by Aon projected that salaries across India are set to rise by nine percent in 2026, led principally by the real-estate and non-banking financial company (NBFC) sectors. The research highlights robust demand for talent in those industries driven by government capital expenditure, strong institutional participation and a shift in workforce strategy. Attrition is also down, signalling improved employee retention. Meanwhile, sectors such as technology consulting appear more restrained, reflecting broader global headwinds.Read more

Deloitte India has projected the country's GDP to expand between 6.7-6.9% in the current fiscal, reflecting an upward revision from earlier forecasts. Growth in the April-June quarter reached 7.8%, driven by robust domestic demand and policy reforms. Analysts expect the festive season to boost consumption, followed by heightened private investment. While structural reforms, accommodative monetary policy, and low inflation support growth, global uncertainties-such as trade tensions, high US interest rates, and inflationary pressures-pose risks. Strengthening MSMEs remains key to sustaining long-term economic momentum.Read more

Rajasthan has approved a new industrial area in Dhuwala village, Bhilwara, spanning 82.60 hectares allocated to RIICO for structured development. The land allotment follows Rule 11A of the Rajasthan Industrial Area Allotment Rules, 1959, with a condition that only non-polluting industries operate there. The project is expected to boost local employment, attract private investment, and accelerate industrial and energy development across the state. Strengthening Bhilwara's status as an emerging industrial hub, the initiative reflects Rajasthan's ongoing strategy to expand sustainable industrial infrastructure and support economic growth in emerging regions.Read more

India's eight core infrastructure sectors grew by 3% in September, slowing from 6.5 % in the previous month but remaining above last year's 2.4 per cent. In the first half of the fiscal year, growth across these sectors was 2.9 %, lower than the 4.3 % recorded the same period last year. Sectors like power, steel, cement, and transport faced supply chain and demand challenges, while experts highlighted the need for targeted investment and policy support to sustain momentum and strengthen industrial output.Read more

The Indian economy continues to show resilience despite ongoing global uncertainties and weak external demand, supported by strong macroeconomic fundamentals. RBI analysis points to low inflation, robust balance sheets of banks and corporates, and adequate foreign exchange reserves as key stabilizers. Domestic demand is recovering, with urban consumption reviving and rural demand remaining strong. While the rupee depreciated and foreign portfolio investment outflows persisted, domestic reforms and structural measures have cushioned growth. Food prices showed mixed trends, and gross inward FDI moderated but remained concentrated in major source countries.Read more

Nitesh Kumar, CEO of Emami Realty Limited, has been appointed Co-Chairman of MCCI's Infrastructure & Real Estate Council for the 2025-26 term. Recognized for his contributions to MCCI and the real estate sector, Kumar is expected to lead initiatives aimed at enhancing housing accessibility and affordability in India. His role includes promoting sustainable development, facilitating government-industry collaboration, leveraging technology, and improving financing options. The appointment reinforces MCCI's commitment to policy advocacy and infrastructure development, ensuring that housing solutions are practical, affordable, and widely accessible across the country.Read more

Saatvik Green Energy announced a major INR 3,150 crore investment to expand its Odisha solar manufacturing facility, aiming to strengthen its position in India's solar sector. The first phase will include 4 GW module capacity and 2.4 GW cell capacity, followed by a second phase adding another 2.4 GW. The company plans to integrate upstream and downstream operations and diversify into solar inverters, EPC services, and related offerings. Recent operational performance shows 685 MW module production at over 81% capacity and an order book of 4.05 GW.Read more

Lloyd's List Intelligence is establishing a Centre of Excellence in Chennai to strengthen its maritime data and technology operations. The centre will generate over 200 roles in data analysis, software development, and quality assurance. Chennai's skilled workforce, maritime heritage, and government support make it an ideal location. The centre will manage more than a billion daily maritime data points, supporting global stakeholders with real-time intelligence. This expansion aligns with India's growing maritime focus and the company's broader Asia-Pacific strategy.Read more

Jindal Power Ltd (JPL), led by Naveen Jindal, has agreed to acquire the 1,350 MW Jhajjar Power Project in Haryana from Apraava Energy, formerly CLP India, in a deal valued at around INR 4,000 crore. The acquisition, expected to close within a month, marks a major addition to JPL's existing 4,300 MW thermal capacity across Chhattisgarh, Maharashtra, and Andhra Pradesh. The Jhajjar plant, commissioned in 2012, was India's first supercritical power facility in the National Capital Region and includes advanced flue gas desulphurisation technology.Read more