The Andhra Pradesh government has approved the allocation of 6,000 acres near Ramayyapatnam Port in Nellore district to BPCL for establishing a 9-12 MMTPA greenfield refinery cum petrochemical complex. The project, with an estimated investment of around INR 1 lakh crore, will receive significant state incentives, including capital subsidies, GST refunds, and stamp duty waivers. BPCL plans phased investments over several years, with employment opportunities during construction and operational stages. The refinery's total power requirement is projected at 600 MW, combining in-house generation and state grid supply.Read more

Serentica Renewables has partnered with MRF Ltd to set up a 170 MW solar-wind hybrid project to supply captive clean energy to the tyre manufacturer's facilities across India. A special purpose vehicle has been formed for this initiative, with MRF holding a minority stake and Serentica retaining the majority. The company has also entered into a long-term Power Purchase Agreement with MRF under the captive power model. The project will utilize the Inter-State Transmission System (ISTS) network to deliver round-the-clock renewable energy, helping MRF advance its sustainability and net-zero goals.Read more

Tryfacta Inc, a U.S. technology and staffing firm, is set to file draft papers for an IPO on GIFT City's international exchanges by month's end, targeting USD 100 to USD 150 million. It would join XED as one of the first companies to use GIFT City's listing platform. Yoki Financial Services has been named lead manager, though it did not respond to inquiries. Tryfacta operates across sectors like healthcare and government, and has grown rapidly expanding from 205 employees and 10 contracts in 2020 to over 4,000 employees and 150 contracts today.Read more

Jammu and Kashmir is facing economic challenges due to multiple factors, including a revision in GST rates, severe monsoon rains, and the Pahalgam terror attack. The GST change alone is expected to reduce revenues by up to INR 1,000 crore, compounding an existing budget deficit. Agriculture and horticulture sectors were heavily affected by summer rains, while tourism suffered from security concerns after the Pahalgam incident. Chief Minister Omar Abdullah noted that while recovery will take time, the current trajectory of the economy shows signs of improvement.Read more

India's retail inflation eased to 1.54% in September, its lowest in eight years, driven largely by falling food prices. Core inflation, however, rose due to higher housing costs and precious metals prices. Economists attribute the decline to seasonal food price corrections, high base effects, and GST rate cuts, while noting subdued global energy prices also played a role. Experts suggest that this benign inflation trend could create room for RBI rate cuts, though festive season demand and the timing of credit market transmission will influence future monetary policy decisions.Read more

DS Group has been certified Water Positive by GRIHA, recording a Water Positivity Index of 1.8 across its business units in 30 locations in India. Through rainwater harvesting, wastewater reuse, recharge wells, water-efficient fixtures, and ecological restoration projects, the company created a storage potential of 66 Lakh KL, significantly reducing freshwater dependency. The initiatives span its Mouth Freshener, Food & Beverage, Hospitality, and Agriculture divisions, integrating community-focused CSR with operational efficiency. This certification reflects DS Group's long-term commitment to sustainable water management and responsible resource stewardship.Read more

Jindal India has launched a new downstream steel facility in West Bengal with an annual capacity of 0.6 million tonnes at INR 1,500 crore, increasing overall steel production to 1.6 million tonnes. The expansion will raise coated flat product capacity by 60 per cent, pipe production by 40 per cent, and crash barrier output by 75 per cent. As part of the USD 2.5 billion BC Jindal Group, the company aims to boost sales revenue, strengthen its product portfolio, and enhance operational efficiency across multiple steel segments.Read more

India's auto sector experienced solid growth in September, driven by recent GST cuts and festive season demand. Total retail sales rose 5.2% year-on-year, with two-wheelers up 6.5% and passenger vehicles up 5.8%. While early September saw muted sales, demand surged after revised tax rates were implemented. The Navratri festival contributed significantly, with dealers reporting a 34% jump in sales, as new buyers entered the market and existing customers upgraded vehicles. With favorable monsoon conditions, a strong harvest, and steady lending rates, the sector is expected to see further growth, especially during Diwali when high-value purchases are common.Read more

JSW Cement has commissioned a 1 MTPA grinding unit in Sambalpur, Odisha, through its subsidiary Shiva Cement, raising the company's total capacity to 21.6 MTPA. Strategically located near Odisha, Chhattisgarh, and Jharkhand, the plant ensures proximity to raw materials and addresses growing cement demand in eastern India. Since acquiring Shiva Cement in 2018, JSW Cement has focused on expansion, aiming to triple its capacity to 60 MTPA. Operating seven plants nationwide, the company is among India's top 10 cement producers, consolidating its presence across key regions.Read more

CREDAI-MCHI has donated INR 3.65 crore to the Chief Minister's Relief Fund to aid flood-affected regions of central Maharashtra and nearby areas. The donation, jointly contributed by 44 member developers, was presented to CM Shri Devendra Fadnavis by the association's President and Secretary, alongside senior developers from Mumbai. The move emphasizes CREDAI-MCHI's ongoing commitment to social responsibility, disaster relief, and community welfare, reflecting the real estate sector's role in supporting government-led rescue and rehabilitation efforts during emergencies.Read more