SEBI has proposed significant changes to allow resident Indian non-individuals and mutual funds greater participation in the Foreign Portfolio Investors framework, especially within International Financial Services Centres. The regulator plans to enable retail schemes sponsored or managed by resident Indians in IFSCs to register as FPIs, with a 10 percent contribution limit in certain funds. Additionally, overseas mutual funds could include Indian mutual funds as constituents. The proposals seek to expand the existing FPI participation rules that currently restrict resident Indians and NRIs from registering as FPIs, aiming to foster increased investment flexibility and growth in international investment structures.Read more

Visakhapatnam is set to witness significant growth in its information technology sector, as five companies, including Sify and Phenom People, have committed to establishing data centre operations in the city. The Andhra Pradesh government, earlier this week, approved land allotments for these companies, which have proposed a collective investment of INR 19,000 crore. These projects are expected to generate large-scale employment opportunities, positioning Visakhapatnam as a key player in India's digital infrastructure ecosystem. Authorities consider this initiative a pivotal step towards expanding the state's digital economy and supporting the broader vision of a technology-driven urban landscape.Read more

Tesla India Motor & Energy has leased nearly 51,000 sq. ft. of space in Orchid Business Park, Gurugram for a nine-year term, with a starting monthly rent of INR 40.17 lakh. The space will serve as a retail showroom, service centre, and warehouse. This marks Tesla's second major commercial facility in India after its Mumbai launch. The company has paid a security deposit of INR 2.41 crore and will get 51 parking slots. Annual rent will rise by 4.75%, eventually reaching about INR 58.22 lakh by the ninth year.Read more

Deloitte India has forecasted the country's GDP growth to fall between 6.4% and 6.7% for the current financial year, backed by strong internal demand, policy initiatives, and expanding global trade partnerships. While India's economic landscape continues to stand out in a volatile global environment, the consultancy emphasized the need for caution in navigating trade exposure and geopolitical tensions. Strategic trade agreements under negotiation with the UK, US, and European Union are expected to unlock new avenues for income generation, job creation, and market expansion.Read more

Solar RE Power, a subsidiary of SAEL Industries, has commissioned a 50 megawatt (MW) solar power plant in Beed district, Maharashtra. This ground-mounted project, featuring TOPCon bifacial modules for high energy yield, is expected to generate over 100 gigawatt-hours (GWh) of clean electricity annually. Backed by a 25-year Power Purchase Agreement (PPA) with the Maharashtra State Electricity Distribution Company Limited (MSEDCL), the plant aligns with the government's vision for a sustainable energy future. This initiative strengthens SAEL Industries' renewable energy portfolio across India and supports Maharashtra's clean energy targets, further reducing carbon emissions.Read more

Wipro Infrastructure Engineering (WIN) recently announced the launch of Wipro Electronic Materials, a new business division focused on manufacturing high-performance base materials for Printed Circuit Boards (PCBs). As part of this initiative, the company will establish a Copper Clad Laminate (CCL) manufacturing facility in Karnataka, investing approximately INR 500 crore and creating around 350 jobs. This move aims to address India's current 100 percent import dependency for CCLs, strengthen the domestic electronics manufacturing supply chain, and boost global competitiveness across rapidly growing sectors like telecommunications, automotive, and AI infrastructure.Read more

SRF Ltd, a Gurugram-based diversified chemical firm, plans to invest close to INR 750 crore to establish new manufacturing facilities. This includes an agro-chemical plant in Dahej, Gujarat, costing INR 250 crore, and a BOPP film manufacturing facility in Indore, Madhya Pradesh, with an investment of INR 490 crore. These projects, approved by the company's board recently, are part of SRF's expansion strategy. The announcement follows a strong financial quarter for SRF, which reported a 71 percent increase in net profit, reflecting the company's robust capital expenditure plans despite global uncertainties.Read more

India's industrial output growth slowed to a 10-month low of 1.5 percent in June 2025, a notable drop from 1.9 percent in May. This slowdown was primarily due to weak performance in the mining, electricity, and primary goods sectors. While manufacturing showed improvement, other key sectors contracted, impacting the overall Index of Industrial Production (IIP). This trend, with worse growth last recorded in August 2024, highlights a moderation in industrial activity, even as some segments like infrastructure goods continue to show positive growth, pointing to mixed signals in the nation's industrial landscape.Read more

India is set to receive USD 100 billion in investments from the European Free Trade Association (EFTA) over the next 15 years as part of a trade agreement signed in March 2024. The deal, which becomes effective from October, will see funding channeled into infrastructure, manufacturing, pharmaceuticals, and other key sectors. In return, India has agreed to reduce or eliminate tariffs on products such as Swiss watches, chocolates, and polished diamonds. Meanwhile, the US has increased duties on seafood and automobiles, affecting Indian exporters.Read more

Diamond Power Infrastructure Ltd has bagged an INR 1,349.11 crore order from Adani Energy Solutions Ltd (AESL) to supply 24,080 AL-59 high-performance conductors. The order is set to be fulfilled by June 2028, as disclosed in a regulatory exchange filing. This significant deal reinforces Diamond Power's stronghold in India's transmission infrastructure sector. Known as the country's largest single-location manufacturer of power cables and conductors, the company continues to attract large-scale contracts, reflecting its operational scale and sectoral importance.Read more