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

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