HD HYUNDAI
India may lower shipbuilding subsidy localisation threshold to 20% to attract foreign investors
The government is considering lowering the minimum domestic-content threshold for shipbuilding incentives from 30% to 20%, with a full subsidy payout linked to 40% localisation. The proposed relaxation, conditional on firm investment milestones, could benefit South Korea's HD Hyundai, which plans a $4 billion greenfield shipyard in Tamil Nadu.
Democrats’ win rattles Trump trades from AI stocks to crypto
The recent Democratic majority in Congress triggered a downturn in global markets, most notably impacting technology stocks. Investors are now wary about President Trump’s policies and their implications for AI investments. Conversely, solar stocks saw an uptick, signaling potential changes to clean energy regulations. Additionally, Treasury yields dropped as heightened oversight dampens fiscal stimulus hopes, while cryptocurrencies also fell amid uncertainty surrounding upcoming industry regulations.
India, HD Hyundai advance plans for $4 billion shipyard in Tamil Nadu
Union Minister Sarbananda Sonowal engaged with HD Hyundai's Chairman in Seoul to discuss a significant shipyard project. The proposed USD 4 billion greenfield shipyard will be located in Thoothukudi, Tamil Nadu. A joint working group is tasked with overseeing the project development and establishing a joint venture structure. Once operational, the shipyard aims to enhance India's competitiveness in global maritime markets.
India woos South Korean marine equipment makers as shipbuilding grows
Union Minister Sarbananda Sonowal highlighted the need for ambitious and universal maritime standards during the World Maritime Day roundtable. He stressed the importance of partnerships that facilitate the implementation of these standards among countries. Sonowal's discussions with the Korea Marine Equipment Association outlined collaborative opportunities in India's shipbuilding sector. Korea's involvement will focus on technology transfer and local manufacturing of marine equipment.
Korea Marine Equipment Association to open India office coming Friday: Shipping Ministry
The Korea Marine Equipment Association has announced its first office in Mumbai, facilitating collaboration with Indian shipyards. This partnership will focus on modernization, technology transfer, and local manufacturing of marine equipment. Union Ports, Shipping, and Waterways Minister Sarbananda Sonowal highlights the opportunity for Korean suppliers in India's growing maritime sector. The Indian government has approved significant investments, boosting shipbuilding output and vessel orders.
Sonowal to pitch India's shipbuilding opportunity to Korean industry
The visit of Union Minister Sarbananda Sonowal to South Korea spans four days, focusing on maritime collaboration. In his address in Busan, he brought attention to the significance of Indian professionals in the shipbuilding arena of Korea.
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Mega Jio Platforms IPO to lead Rs 31,663 crore offerings this week; 9 listings lined up
India’s primary market is set for a busy week, led by Reliance Jio Platforms’ Rs 30,213 crore IPO and Paras Healthcare’s Rs 1,450 crore issue. Both IPOs open on October 21. Nine companies are also scheduled to list, including six on the mainboard and three on SME platforms.
Cochin Shipyard, DP World arm to develop and run Kochi ship repair facility
Cochin Shipyard Limited and Drydocks World will jointly operate the International Ship Repair Facility. This partnership aims to expand the facility to meet growing regional and global demand. The collaboration will create additional capacity for servicing a wider range of vessels. India aims to become a top shipbuilding nation by 2030 and 2047. This public-private partnership marks a significant step for India's ship repair sector.
AP woos Hyundai with readymade Kakinada port
Andhra Pradesh is seeking HD Hyundai Heavy Industries for a new shipbuilding cluster. The state offers the Kakinada port for this proposed $4 billion investment. HD Hyundai Heavy Industries previously signed an agreement with Tamil Nadu for a similar project. This initiative aligns with the Centre's Shipbuilding Financial Assistance Scheme. The scheme received approval in September 2025 for development.
India’s auto parts makers face a new race: Localise, innovate, lead
Indian auto leaders and ministers emphasized deepening localization for global supply chain strength. They stressed owning more value chain components amid geopolitical uncertainties and resource crunches. Accelerating technological capabilities in semiconductors and batteries is now essential for independence. The industry must scale up design, development, manufacturing, and export of components from India. Policy measures and incentives are supporting this growth in volumes and know-how.
Global Market: Data centre boom fuels demand for power, cooling equipment suppliers
The global AI data centre boom is creating fresh opportunities for power and cooling equipment suppliers as developers race to overcome infrastructure bottlenecks. Rising demand for transformers, efficient power systems and liquid cooling is benefiting companies across Asia, although high valuations, supply constraints, competition and deployment delays remain key risks for investors.
Not just Nvidia: These power and cooling firms are riding the trillion-dollar data centre boom
Global data centre construction is accelerating to meet AI demand, and power and cooling equipment suppliers are seeing significant order increases. Companies like HD Hyundai Electric and Jinpan have reported substantial backlogs for transformers. Advanced cooling systems and solid-state transformers are gaining traction.
Not just Nvidia: these power and cooling firms are riding the trillion-dollar data centre boom
McKinsey forecasts nearly $7 trillion in data-centre investment globally by 2030; Nvidia last week said it expects AI spending to remain robust for years.
School Assembly News Headlines, August 24, 2026: Top national, international, business, sports updates and thought of the day
India's ICMR assures citizens that there is no new strain of H1N1, encouraging public calm during the current situation. In Kolkata, protests arise regarding a political office constructed on Waqf land. Meanwhile, Tamil Nadu amplifies efforts to capture a tiger linked to two fatalities. In international news, Pakistan's Deputy Prime Minister is set to visit the UK for official engagements.
Anthropic hires Google chip veteran Amir Salek as part of push into hardware
AI firm Anthropic has hired a Google chip founder for its new semiconductor team. This move signals Anthropic's ambition to develop its own custom AI chips. The company is also securing significant data center capacity deals. Rival OpenAI is pursuing similar custom chip development strategies. These efforts aim to address supply shortages and optimize AI hardware.
South Korea's HD Hyundai Heavy says mulling US shipyard investment
South Korean shipbuilder HD Hyundai Heavy Industries Co Ltd said in a regulatory filing on Friday it is considering various measures for U.S. shipbuilding participation, including acquiring U.S. shipyards or taking a stake
Oil tanker exits Hormuz, heading to South Korea's HD Hyundai Oilbank, data shows
The Malta-flagged oil tanker Odessa, capable of carrying 1 million barrels, passed through the Strait of Hormuz on April 13. After its AIS tracker was switched off, the Suezmax vessel reappeared near the UAE's Fujairah port and is now heading to South Korean refiner HD Hyundai Oilbank. The refiner confirmed the tanker's destination but declined to comment on its cargo.
Palantir share price: PLTR stocks at Nasdaq fall big, company announces HD Hyundai deal
Palantir stocks today down as PLTR share price slid by over 1 per cent at Nasdaq.
HD Hyundai to set up shipyard in Tamil Nadu's Thoothukudi
HD Hyundai, a major South Korean shipbuilding company, will establish its first Indian shipyard in Thoothukudi, Tamil Nadu. This significant investment follows extensive scouting and discussions with various Indian states. The project highlights Tamil Nadu's strong policy framework and engineering ecosystem. HD Hyundai's presence signifies a major boost for India's maritime infrastructure and manufacturing capabilities.
BEML to jointly develop marine cranes with South Korea’s HD Hyundai
BEML Limited is joining forces with South Korean companies HD KSOE and HD Hyundai Samho Heavy Industries. They will design, develop, and manufacture advanced maritime and port cranes in India. This collaboration aims to boost India's port infrastructure and reduce reliance on imports.
BEML, Sagarmala Finance Corporation ink pact to boost India's maritime manufacturing sector
SMFCL, formerly known as Sagarmala Development Company Limited, is the country's first maritime sector-specific non-banking financial company.
South Korea's fourth space rocket launch successful, sends satellites into orbit
South Korea has successfully launched its fourth space rocket, Nuri. This launch marks a significant milestone as it was the first time a private company, Hanwha Aerospace, led the manufacturing and assembly. The rocket placed over a dozen satellites into orbit.
Another Hyundai heads for India. Why it's important
India's shipbuilding sector is set for a big change. HD Korea and Cochin Shipyard Limited have signed a pact. India aims to be among the top shipbuilding nations by 2030. The partnership will boost India's shipbuilding capabilities. India wants to reduce reliance on foreign vessels. The government is supporting the sector with financial incentives.
Cochin Shipyard to partner with HD Korea Shipbuilding & Offshore Engineering in various domains
Cochin Shipyard Limited (CSL) and HD Korea Shipbuilding & Offshore Engineering Co. Ltd. (KSOE) have signed a MoU for long-term collaboration in shipbuilding and maritime development. The partnership aims to explore newbuilding opportunities, share technical expertise, enhance productivity, and upskill the workforce. This aligns with India's Maritime India Vision 2030 to become a global maritime hub.
APEC says 'concerned' over challanges to global trade
APEC ministers convened in South Korea, expressing concerns over global trade challenges amidst rising US tariffs. Despite differing views, they emphasized cooperation and the importance of the WTO, signaling a commitment to addressing economic uncertainties. While no joint response to US tariffs was discussed, South Korea seeks to mitigate impact through increased US LNG purchases and shipbuilding support.
Land selected for shipbuilding, repair centres in Andhra Pradesh, Tamil Nadu & Gujarat
India is set to boost its shipbuilding industry with mega centers in Andhra Pradesh, Tamil Nadu, and Gujarat. HD Hyundai is reportedly partnering with Cochin Shipyard Limited (CSL) to build large vessels, potentially investing ₹10,000 crore in Thoothukudi, Tamil Nadu.
HD Hyundai Heavy Industries looks to build shipyard in India; scouting for locations and tie-ups
South Korea’s HD Hyundai Heavy Industries is exploring shipyard locations in India, visiting Tamil Nadu and negotiating with Andhra Pradesh and Maharashtra. The move aligns with India's shipbuilding expansion, aiming for global market growth and technology collaboration.
Hyundai CRETA electric launched at Rs 18 lakh with a futuristic cockpit. Check details
Hyundai Motor India launched the Hyundai CRETA Electric at Bharat Mobility Global Expo 2025 in New Delhi, priced at Rs 1,799,000. The electric SUV features Active Air Flaps, a dual-tone interior, sustainable seats, and a 26.03 cm dual screen.
Shipping is a dirty business. Cleaning it up is lucrative
HD Hyundai Marine's successful IPO attracted investors' attention by doubling stock value. It aims to provide eco-friendly solutions and expand globally in the maritime industry.
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