DEVELOPMENT INITIATIVES
Deccan Gold Mines shares rally 16% on India’s first private gold mining project. Check details
Shares of Deccan Gold Mines Ltd surged 16% as the Jonnagiri Gold Project, India’s first private gold mining venture, nears commercial production. The development boosts earnings visibility and supports domestic supply, amid strong investor interest in the company’s expanding gold and critical minerals portfolio.
Finance ministry may review MOOWR benefits for battery storage imports
The Finance Ministry is set to discuss customs warehousing benefits for imported battery storage systems. Industry groups have raised concerns about the MOOWR scheme creating an uneven playing field. Consultations with power and renewable energy ministries are planned. The government is examining potential misuse and policy gaps. A decision will align with India's energy security goals.
Delhi govt drafts semiconductor policy, aimed at investment and employment: CM Rekha Gupta
Delhi is developing a new semiconductor policy to boost youth skilling and attract global investment. This initiative aims to establish the capital as a major hub for semiconductor design, research, and related industries. The policy will offer financial and non-financial incentives to encourage business growth and innovation.
Defence Minister Rajnath Singh to visit Germany to boost defence ties; first visit in 7 years
According to the Ministry of Defence (MoD), discussions will focus on enhancing defence industrial collaboration, strengthening military-to-military engagements, and exploring opportunities in emerging domains such as cyber security, artificial intelligence, and drones.
DMK Chennai manifesto: CM Stalin unveils six initiatives ahead of Tamil Nadu Assembly polls
DMK manifesto: Tamil Nadu Chief Minister M K Stalin unveiled the DMK's Chennai manifesto, highlighting six key initiatives. These plans aim to upgrade community spaces, enhance public transport with new mini-buses and AI traffic management, and expedite infrastructure projects.
Andhra’s new gold mine could change India’s import story
India is set to launch its first large-scale private gold mine, the Jonnagiri project in Andhra Pradesh, aiming to boost domestic production and reduce reliance on imports. Developed by Geomysore, the mine, with significant investment and potential resources, is expected to produce up to 1,000 kg of gold annually, marking a crucial step in India's mining ambitions.
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Ankur Warikoo shares how techie who once earned Rs 15000 per month, landed Rs 7.5 crore job at Google : 'Every two years, he....'
A software engineer's journey from a ₹15,000 monthly internship to a ₹7.5 crore annual package at Google exemplifies the power of sustained effort. His success was built on rigorous practice, including solving 500 LeetCode problems and contributing to open-source projects, alongside strategic company switches every few years.
MDBs to deepen collaboration to support nations amid heightened global uncertainty
Global development banks are joining forces to help countries navigate economic challenges. They are combining resources and knowledge to manage immediate pressures and build future resilience. The banks are ready to provide timely support to manage risks and protect vulnerable populations. Collaboration will focus on private sector growth, job creation, and sustainable development.
OpenAI’s Kevin Weil and Sora head Bill Peebles leave company
Kevin Weil, the former chief product officer who later took charge of the OpenAI for Science project, announced Friday that he’s stepping down. Weil joined OpenAI nearly two years ago and previously steered product development at Instagram and Twitter as an executive at those companies.
Britain commits wide-ranging military support to Hormuz mission, says envoy
Britain will contribute militarily to a mission safeguarding the Strait of Hormuz. This initiative aims to ensure safe passage for vessels. Meanwhile, US President Donald Trump has criticized NATO allies. He stated they were ineffective during earlier tensions. Trump suggested they needed American help instead. Iran has announced commercial shipping through the Strait will remain open.
Sebi clears IPOs of Avaada, Grand Housing & 2 others
The Securities and Exchange Board of India has approved IPOs for four companies, including Avaada Electro, Brookfield-backed Avaada Group's solar PV manufacturing arm. Chennai-based Grand Housing will launch an entirely offer-for-sale IPO by its promoter. Sebi provided observations for Avaada Electro's confidential DRHP filed in October 2025.
US Stocks | Kailera soars over 60% in Nasdaq debut as weight-loss drug race heats up
Kailera Therapeutics shares surged 62.5% in their Nasdaq debut after raising $625 million in a U.S. IPO priced at the top end of its range. Strong investor demand reflects growing excitement around weight-loss and GLP-1 drugs, a market expected to expand rapidly as firms challenge pharma giants like Eli Lilly and Novo Nordisk.
NBA appoints Sunny Malik as India Country Head to drive market growth
The NBA has appointed Sunny Malik as its Country Head for India. Malik will now lead the league's strategy and operations in the country. This move signifies the NBA's growing focus on India. Malik has extensive experience with the NBA and in the media and finance sectors.
Panasonic Partners with ANACITY to Co-Create Next-Gen Smart Community Solutions in India
ANACITY has partnered with Panasonic to develop advanced smart home and community solutions. This collaboration will integrate Panasonic's IoT hardware with ANACITY's digital platform. The aim is to enhance security and living experiences for residents and improve workplace operations. The partnership is set to impact over 750,000 households and significant office spaces globally.
IAF to deploy long-range drones via transport aircraft, helicopters for strike, surveillance roles
The Indian Air Force is enhancing its combat power. It is acquiring air-launched drones and loitering munitions. These systems will be deployed from helicopters and transport aircraft. This move will expand offensive roles and ease pressure on fighter jets. The IAF is aligning with global trends in drone swarm warfare.
Sebi clears NSE’s investment in proposed National Coal Exchange; move to formalise coal trading
Securities and Exchange Board of India approved National Stock Exchange of India investment in a coal exchange to enable transparent trading while revising intermediary norms removing automatic disqualification from complaints but tightening rules upon conviction and mandating timely disclosures
PNGRB's new LPG pipeline expansion plan to attract investment of Rs 12,500 crores
PNGRB has initiated bidding for nine LPG pipeline projects spanning around 2,500 km to reduce reliance on road transport and improve safety and efficiency in LPG distribution. As per its announcement, four key pipelines are currently in the bidding stage, with an estimated investment of Rs 12,500 crore. The move aims to connect refineries and import terminals with bottling plants, enabling seamless supply while minimising risks associated with tanker transport. PNGRB also highlighted that shifting to pipelines will cut greenhouse gas emissions, lower transit losses, generate employment, and support regional development, with a long-term goal of eliminating bulk LPG road transportation by 2030.
Dubai unveils first air taxi station near Dubai International Airport, targets faster city travel
A new air taxi service is set to launch in Dubai, with the first of four planned hubs now operational. The developer will manage the service, while authorities handle regulation and integration. Following successful test flights and trials, the operator is pursuing certification for a commercial launch.
Indian companies are moving beyond AI pilots to real world applications: Anthropic’s Irina Ghose
Indian organisations, from large public sector players to SMEs, are engaging more actively with artificial intelligence. They are moving beyond proof-of-concept stages to scaled deployments, said Irina Ghose, managing director, India at Anthropic, on Thursday.
HAL GE deal moves a step closer: F-414 engine to power three indigenous IAF jets including Tejas Mk-2, TEDBF and AMCA
India is set to manufacture GE F-414-INS6 turbofan engines domestically. Hindustan Aeronautics Ltd and GE Aerospace have signed a key technical agreement. This pact will power three major indigenous fighter jets. Around 80% of the engine will be produced in India. GE will transfer intellectual property rights for local components. This marks a significant step towards defence self-reliance.
Stellantis, Microsoft sign five-year partnership for AI push
Automaker Stellantis partners with Microsoft for five years. They will jointly develop artificial intelligence and cybersecurity. This collaboration aims to boost Stellantis' technology efforts. The partnership will also modernize Stellantis' IT infrastructure. This move helps Stellantis compete with tech-focused rivals. It focuses on enhancing vehicle features and customer experiences.
Tata Group presence in UP to more than double: Chairman Chandrasekaran
Tata Group's presence in Uttar Pradesh is set to more than double. The state is poised to become a major manufacturing and export hub. Tata Motors aims to produce two million vehicles in five years. Tata Consultancy Services will double its workforce. The group is expanding into new sectors and social development initiatives.
World Bank launches ‘Water Forward’ plan to expand global water access for 1 billion people
The World Bank has unveiled a new initiative called 'Water Forward'. This program aims to provide secure water access to one billion people within the next four years. It will expand reliable water services and strengthen systems against droughts and floods. Partnerships with other development banks will help achieve this ambitious goal.
PM Narendra Modi urges citizens to take nine pledges for developed India
Speaking at the prestigious Adichunchanagiri Mahasamsthana Math in Mandya, Prime Minister Narendra Modi called on the citizens of Karnataka to embrace nine transformative pledges for a brighter future. His vision encompasses essential themes such as water conservation, local product advocacy, and the power of domestic tourism.
Arunachal: Siang Upper Multipurpose Project important for entire country, says CM Khandu
Arunachal Pradesh Chief Minister Pema Khandu called the Siang Upper Multipurpose Project a national strategic asset. He launched development projects totaling Rs 196.44 crore in Siang district. The Chief Minister emphasised the project's benefits for national security, flood control and economic growth.
Microsoft takes over Stargate data center from OpenAI in Norway
Microsoft will rent 30,000 additional Nvidia Vera Rubin chips from neocloud provider Nscale at a campus inside the arctic circle in Narvik, Norway, Nscale said in a statement. This builds on a prior $6.2 billion commitment Microsoft made at the same site.
Rosatom & IIT Bombay partner to build India’s next-generation nuclear workforce
Rosatom State Corporation, through its unit ETC GET, has partnered with IIT Bombay and ProSIM R&D Pvt Ltd to launch a pilot training programme for nuclear specialists in India. The April 15–17 session will focus on simulator and digital twin technologies to build practical operational skills, addressing a growing gap in trained manpower as India ramps up nuclear capacity. The initiative combines industry and academic expertise and is part of Rosatom’s broader collaboration with India, including projects like Kudankulam Nuclear Power Plant, aimed at strengthening long-term capabilities in nuclear energy and workforce development.
Andhra Pradesh to launch India’s first open-access quantum computer test beds at Amaravati Quantum Valley
Andhra Pradesh will soon launch India's first open-access quantum computer test beds. These facilities will allow researchers and startups to test their systems and software. Developed with locally sourced components, the test beds are part of the Amaravati Quantum Valley project. This initiative aims to foster innovation and develop new quantum algorithms.
"Resolve of double-engine govt": Yogi Adityanath ahead of land ownership rights documents distribution in Lakhimpur Kheri
Uttar Pradesh Chief Minister Yogi Adityanath distributed land ownership rights documents to 331 Hindu families displaced from Bangladesh. He also laid the foundation stone and inaugurated 213 development projects worth Rs 417 crore. Keys to homes under the Chief Minister Housing Scheme were also allocated. Land ownership certificates were given to 4,556 Tharu tribe families.
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