SUSTAINABLE INDUSTRIAL COOPERATION
India, South Korea to upgrade trade pact, deepen tech and supply chain ties
India and South Korea will resume talks to upgrade their economic partnership agreement. The goal is to increase bilateral trade to 50 billion dollars by 2030. Both nations will also enhance cooperation in critical technologies and supply chains. An economic security dialogue will be established. Discussions will cover shipbuilding, steel, and sustainability. Industrial collaboration will expand through new agreements.
PM Narendra Modi meets South Korea President Lee Jae-myung at Hyderabad House in New Delhi
Prime Minister Narendra Modi on Sunday held a bilateral meeting with South Korean President Lee Jae Myung at the Hyderbad House in the national capital. Both the leaders were also seen planting a tree under the 'Ek Ped Maa Ke Naam' initiative.
India's banking sector resilient; 11-13% credit growth for January-June likely: Survey
Indian banks anticipate robust non-food credit growth of 11-13% from January-June 2026, driven by improving balance sheets and steady economic activity. Retail and SME segments are expected to lead this expansion, while industrial credit will see a more measured recovery. Most bankers foresee a stable monetary policy stance.
Austria bets big on Indian talent with Focus India partnership
Austrian and Indian relations are reaching new heights, fueled by a recent visit from Austria's Federal Chancellor, emphasising the evolution of their academic partnership. Already, 200 Indian students have commenced their studies in Austria, marking a milestone following the establishment of a migration agreement and collaborative economic efforts.
TCS Nashik case: A timeline of key developments and probe details
TCS Nashik case: IT major Tata Consultancy Services is facing scrutiny after serious allegations surfaced at its Nashik facility. The case centres on accusations of sexual harassment, workplace coercion and pressure linked to religious conversion at the company’s Nashik unit.
Trump proposes, Iran disposes: Hormuz is now a battlefield of claims
Despite President Trump's optimistic claims of breakthroughs with Iran on the Strait of Hormuz and its nuclear program, Tehran has forcefully rejected key elements, warning of renewed escalation. Both nations speak of progress while preparing for confrontation, creating a fragile and ambiguous moment centered on Hormuz and Iran's enriched uranium.
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India explores FTA full use with Norway, sets up fast-track investment system with Austria
India and Norway are enhancing cooperation in energy, maritime, and biotech sectors. Norway sees growing investment interest in India. Meanwhile, India and Austria have launched a Fast-Track Mechanism to facilitate investments and resolve issues. This initiative aims to expand bilateral trade and leverage industrial complementarities. Both nations are prioritizing sustainable development and green technologies for future collaboration.
French Senate delegation visits India to boost strategic and parliamentary ties across ports, blue economy, and innovation hubs
A French Senate delegation visited India from April 10 to 15. They explored key projects in Mumbai, Puducherry, and Chennai. Discussions focused on strengthening bilateral ties and cooperation. The delegation met with Indian parliamentarians in New Delhi. The visit aimed to deepen the India-France Strategic Partnership.
India, Austria seal 15 deals across defence, counter-terrorism, tech and trade
India and Austria have signed fifteen agreements. These cover defence, technology, innovation, and trade. A Joint Working Group will combat cross-border terrorism. The agreements aim to boost cooperation in defence and counter-terrorism. Both nations also agreed on peaceful conflict resolution. Austrian expertise will enhance Indian infrastructure projects. Partnerships will strengthen in defence, semiconductors, and biotechnology.
India, Germany decide to shore up defence and energy ties amid West Asia crisis
India and Germany have agreed to strengthen cooperation in defense, green hydrogen, renewable energy, and critical technologies amidst global geopolitical challenges. Discussions during the Foreign Office Consultations in Berlin covered bilateral relations, regional conflicts like West Asia and Ukraine, and future collaboration avenues.
Siddaramaiah seeks Rs 6,000 crore special grant for Bengaluru infra, flags 17 demands to Centre
Siddaramaiah has sought a ₹6,000 crore special grant from Narendra Modi for Bengaluru, along with faster clearances for key rail, highway and infrastructure projects, while flagging pending dues and stressing the city’s economic importance.
Donald Trump jitters push US allies toward Japan’s most significant military shift since World War II
Japan is set to ease its strict arms export rules. This move is attracting significant interest from countries like Poland and the Philippines. Defense companies are preparing to meet this new demand. This development could reshape global defense supply chains. Japan aims to bolster its military industrial base and support allies.
India-Austria to deepen economic ties; Bilateral trade crosses USD 2.35 billion: CII Regional Chairman
India and Austria move to deepen their economic partnership with a specific focus on green technologies and advanced manufacturing as bilateral trade between the two nations surpassed the USD 2.35 billion mark.Chairman of the CII Western Region and Chairman & Managing Director of Blue Star Ltd, identified these sectors alongside digital innovation as the primary drivers for the next phase of the bilateral relationship.
How wooden barrels shaped liquid history from oil to feni
Iran's planned oil toll through the Strait of Hormuz will generate significant revenue, a consequence of the 19th-century US decision to standardize oil measurement in 42-gallon barrels. This historical practice, born from early oil extraction in Pennsylvania, continues to influence global trade, demonstrating the enduring legacy of barrel technology.
African proverb of the day: “If You Want to Go Fast, Go Alone; If You Want to Go Far, Go Together”
African proverb of the day: “If You Want to Go Fast, Go Alone; If You Want to Go Far, Go Together” It reminds us that speed may bring quick results when working alone, but lasting success is built through collaboration, shared vision, and collective strength in every journey we take together.
Uzbekistan launches ambitious "Uzbekistan–2030" strategy
Uzbekistan has launched its Uzbekistan-2030 Strategy, a comprehensive plan for national reform and development. The strategy outlines 100 measurable goals to be achieved by 2030, focusing on human development, sustainable economic growth, and strengthening the rule of law.
From falling U.S. wealth to Indian factory closures, oil shock raises global recession risk
Global markets face turmoil as war in Iran disrupts oil supplies. Businesses worldwide report soaring costs for raw materials. Plastic bag maker Kevin Kelly faces contract issues. India's aluminum plants shut due to gas shortages. Farmers in Britain struggle with fertilizer prices. Analysts warn of a global economic slowdown and potential recession.
Iran's Gulf attacks put India’s money flowing engine into one of the toughest tests
India's essential remittance inflows are confronting an extraordinary obstacle. The intensifying turmoil in West Asia is fueling anxiety among millions of Indians working abroad. This turbulence could drastically reduce the money transferred home, potentially weakening India's financial standing. Analysts express concern over a looming decrease in remittances, with potential repercussions for the current account and currency health.
Iran war: Indian seafood exporters stare at Rs 1,500 crore loss
Sustained disruption could destabilise the coastal economy and weaken India’s export competitiveness, say experts and stakeholders
Consumer goods cos upbeat as GST tailwinds lift volumes in March quarter
Consumer goods companies and retailers like Marico, Dabur India, and DMart reported a sales rebound in the March quarter, driven by volume recovery post-GST rationalization. Despite geopolitical tensions, companies are optimistic about continued consumption growth, with urban and rural markets showing convergence.
Odisha to distribute nearly 80,000 smartphones to anganwadi workers
Odisha government is set to distribute smartphones to anganwadi workers for better monitoring. A new scheme will boost the handloom sector. A comprehensive flood management plan is approved. The state will also redevelop Veer Surendra Sai University of Technology. The government will dispose of surplus rice through auction.
Long Mideast war could take away from support for Ukraine: Zelenskyy
Ukrainian President Zelenskyy fears a prolonged US-Iran conflict will divert American attention and reduce crucial support, particularly Patriot air defence systems. He highlighted Ukraine's urgent need for these missiles to counter Russian attacks, noting that a wider Middle East war benefits Russia economically. Zelenskyy offered Ukraine's expertise against Iranian drones to Gulf nations in exchange for missile aid.
India’s next reform push must target cost of doing business
India faces high business costs impacting competitiveness. Addressing credit, land, input, logistics, and compliance expenses is crucial. Benchmarking against nations like Vietnam and China offers a path forward. Lowering these costs will drive capacity expansion, boost exports, and create formal jobs. This is essential for sustained economic growth.
US–Iran War Day 35 Updates: Kuwait refinery hit, energy infrastructure under threat; Houthis claim strike on Israel’s Jaffa
The Middle East conflict intensifies as Iran launches strikes across the region, targeting Israel and Gulf nations. The United States is increasing its military presence, signaling further escalation. These attacks are severely disrupting global energy supplies, particularly through the Strait of Hormuz. Governments worldwide are responding to the growing risks to oil infrastructure and rising energy costs.
From Belt and Road to belt tightening: China's neighbours get cold shoulder on energy
Southeast Asian nations are urging China to fulfill energy security pledges by resuming fertilizer and fuel exports, but Beijing remains focused on its own economy. Analysts doubt China will significantly ease export bans, prioritizing domestic needs over regional stability despite its stated ambitions.
India, EU sign aviation production pact to boost safety; Airbus helicopter assembly in Karnataka lined up
India and the European Union have signed a significant working arrangement for industrial aviation production. This pact aims to boost collaboration and ensure manufacturing meets global safety benchmarks. It will support initiatives like the assembly of Airbus Helicopters in Karnataka. The agreement follows a summit where aviation safety was a key priority.
India aims to attract USD 100 bn in investment, expand exploration acreage: Srikant Nagulapalli DGH
India is targeting significant growth in its energy sector. The nation plans to attract USD 100 billion in investments by 2030. Exploration acreage will expand to one million square kilometers. These ambitious goals aim to boost domestic oil and gas production. Policy reforms and improved data access are key to attracting international investors to India's promising energy landscape.
Permanent solution on public stockholding critical, India supports investment flow initiatives into poorer nations: Govt
As India takes the stage in Cameroon for the pivotal WTO MC14 conference, it plans to prioritize food security and bolster the position of small-scale farmers. With a keen focus on policy flexibility for developing nations in the realm of digital trade, India aims to engage in fruitful discussions around WTO reform, e-commerce, and investment facilitation.
The triple blow: India’s gathering economic storm
India's economy faces significant pressure from global events. Trade protectionism, tighter global money, and an energy crisis in West Asia are creating challenges. These factors are impacting exports, investment, and job creation. Foreign investors are withdrawing capital, affecting stock markets. Rising oil prices are increasing import costs and inflation.
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