STRATEGIC PARTNERSHIP
Navya Naveli Nanda announces Naveli Ventures to back India's frontier founders
The firm will invest through direct startup investments, institutional funds, co-investments, and academic and IP partnerships. Naveli Ventures will not define itself by sector, but by the scale of the problem being tackled and the conviction of the people solving it.
India, US discuss stronger defence ties, maritime security as Admiral Paparo visits New Delhi
India and the United States are enhancing their defence and strategic partnership under the leadership of Defence Secretary Rajesh Kumar Singh. Admiral Samuel Paparo's visit to India included discussions on regional security challenges and technology cooperation. High-level meetings were held with senior Indian defence officials, including Chief of Defence Staff General N. S. Raja Subramani. The discussions emphasized shared security priorities and maritime coordination in the Indo-Pacific region.
Sumitomo buys 49% in Hero Future Energies unit for Rs 375 crore
Japan's Sumitomo Corporation has made a strategic investment by acquiring a 49% interest in a Hero Future Energies subsidiary for ₹375 crore, leaving Hero with a controlling 51% stake. This renewable energy project, based in Bidar, Karnataka, aims to produce 500 MW of electricity. Hero Future Energies' impressive 10 GW renewable energy portfolio underlines the significance of this partnership in Sumitomo's ambitions in India's growing energy sector.
Sumitomo Corp picks up 49% stake in Hero group unit
Sumitomo Corporation has acquired a 49% stake in a Hero Future Energies project vehicle that will develop a 500 MW wind-solar-battery project in Karnataka’s Bidar district, while HFE will retain 51%. The partnership strengthens Sumitomo’s renewable energy presence in India and supports HFE’s wider 10 GW development pipeline.
EAM Jaishankar flags strategic autonomy, diaspora welfare at Raisina diplomacy forum
S Jaishankar engaged with young diplomats at the Raisina Forum discussing India's expanding global influence and trade. He emphasized the importance of diaspora welfare and the responsibilities towards skilled professionals abroad. Additionally, he noted the evolving India-Africa partnership characterized by technological transfer and shared experiences. Jaishankar addressed challenges in foreign policy in the social media age and the dynamics of emerging middle power cooperation.
Swiss President to visit India as FTA with EFTA marks first anniversary
Swiss President Guy Parmelin is set to arrive in New Delhi next week to celebrate the first anniversary of a pivotal trade agreement. This marks his second visit to India this year, aiming to bolster investments. Parmelin's agenda includes discussions with Prime Minister Narendra Modi about forging technological collaborations and exploring new avenues for cooperation.
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View: India-China thaw faces major economic tests
India and China are working to improve their diplomatic relations following past military tensions over border disputes. Recent measures include relaxed restrictions on foreign direct investment and increased export activity from India to China. However, India's reliance on Chinese imports for critical industries poses significant challenges. The unequal economic relationship remains a concern for India's long-term strategies.
Jaishankar says India-EU FTA will be a "real game changer" for ties
India and the European Union are working towards a Free Trade Agreement that aims to strengthen their economic ties. External Affairs Minister S Jaishankar highlighted various sectors including technology, defense, space, and climate as key areas for cooperation. The agreement is expected to facilitate regulatory alignment and increase business comfort in both regions.
India, US discuss advancing security partnership, maritime cooperation in Indo-Pacific
EAM S Jaishankar met Admiral Samuel J. Paparo to advance security partnerships and maritime cooperation. They discussed shared security priorities and digital transformation focusing on regional stability. Paparo's visit reinforces the Major Defense Partnership between the US and India. Earlier, General Dhiraj Seth also engaged with Lieutenant General Joel B. Vowell regarding the Indo-Pacific security landscape. Both meetings emphasized enhancing military collaboration through joint training and military exercises.
Egypt navigates Mecca pact, steps up ties with India
President Abdel Fattah el-Sisi of Egypt met Indian Prime Minister Narendra Modi to deliberate over the Mecca Pact. Their talks centered on fostering robust bilateral strategic partnerships, amid Egypt's choice to refrain from joining the defense pact. Observers remark that the Mecca Pact's relevance is questionable due to a shared enemy's absence. Nonetheless, Egypt positions itself as a crucial stabilizing force within the region.
Nirmala Sitharaman calls for open, rules-based global economic ties amid geopolitical tensions
At the Kautilya Economic Conclave, Nirmala Sitharaman spoke about fostering international trade policies that are not only open but also predictable. She underlined the critical need for nations to communicate effectively to dissolve geopolitical trade barriers. Highlighting the importance of resilience in the global economy, she introduced the National Critical Minerals Mission, stressing strategic autonomy to reduce single-source dependencies amid ongoing global economic turmoil.
L&T in talks to sell minority stake in clean energy arm to Japan's Itochu; eyes Kandla as green ammonia export hub
Larsen & Toubro is in talks with Japan’s Itochu Corporation for equity participation in its wholly owned clean energy arm, alongside a green ammonia offtake partnership. L&T is developing a 300,000-tonne-a-year project at Kandla, Gujarat, which it sees as a strategic export hub for green hydrogen derivatives.
India, Bulgaria review bilateral ties; push for early India-EU FTA
India and Bulgaria have called for early implementation of the India-EU free trade agreement, saying it could significantly deepen bilateral economic ties. The two sides also reviewed cooperation in trade, investment, AI, space, defence, science and technology, while discussing wider regional and global issues.
Mr Prez, use your discretion wisely
Narendra Modi and Donald Trump discussed trade, energy, and defense, focusing on Russian oil sanctions. India is concerned about the economic impact of potential tariffs on its energy purchases. Both countries must consider their strategic relationship amid differing national interests and economic realities.
Embraer, Mahindra choose Nagpur for potential C-390 assembly line in India
Embraer and Mahindra are considering establishing a final assembly line for the C-390 Millennium in Nagpur, India. This project is dependent on the selection of the aircraft for the Indian Air Force's Medium Transport Aircraft programme. The proposed facility would involve assembly, system integration, and development of a local supply chain. Embraer anticipates that India will place an order for 60 to 80 aircraft in the future.
Tata-owned IHCL brings Gateway to Siliguri with 125-room hotel
IHCL has announced the signing of an agreement for a 125-room Gateway hotel in Siliguri. This new project will grow its presence in West Bengal to 19 hotels overall. The hotel will be developed in partnership with local business promoters specializing in real estate and transportation. Siliguri is recognized as a key strategic location for business and tourism growth.
Yohan and Michelle Poonawalla of Poonawalla Group venture into defence sector with strategic investment in Optimized Solutions
The investment comes at a significant inflection point for India’s defence industry, which has been witnessing a sustained growth in indigenous production, private-sector participation and exports.
Pest resistance is forcing India’s crop-protection firms to rethink product strategies: Insecticides India MD
Resistance to chemicals and formulations is an evolving challenge, particularly in crops where the same pest pressures persist over multiple seasons, said Rajesh Aggarwal, MD of Insecticides (India).
'Very good call': US Ambassador Sergio Gor on PM Modi-Trump telephonic conversation
Modi and Trump engaged in a telephone conversation reviewing bilateral cooperation. They discussed trade, defense, energy, and critical technologies during the call. Both leaders reaffirmed their commitment to advancing the India-US Comprehensive Global Strategic Partnership after evaluating ongoing regional and international developments. EAM S Jaishankar indicated progress on a mutually beneficial trade deal while addressing tariff concerns.
India showcases justice reforms, digital initiatives at UN Congress
At the 15th United Nations Congress, Law Minister Arjun Ram Meghwal emphasized India's new legal framework incorporating technology. He discussed bilateral meetings with UAE Minister of Justice Abdullah Sultan bin Awad Al Nuaimi during the event. India's digital initiatives include the Indian Cyber Crime Coordination Centre and the National Cyber Crime Reporting Portal.
PM Modi and Trump hold first telephonic talks since Russia sanctions law; discuss trade, defence
Prime Minister Narendra Modi and US President Donald Trump have agreed to maintain close engagement to advance the India-US Comprehensive Global Strategic Partnership, Modi said on X. The leaders reviewed cooperation in trade, defence, energy and critical technologies, while also discussing regional and international issues and efforts to advance global peace and security.
India flags US sanctions law concerns over bilateral ties, energy market
Foreign Secretary Vikram Misri met a US Congressional delegation led by Brian Mast in New Delhi. Misri conveyed concerns regarding the implications of the Sanctioning Russia and Iran Act on bilateral relations. The Act permits high tariffs on countries purchasing Russian oil, affecting India directly. The next India-Russia summit will be held in Russia, with details to be updated later.
Tata Projects partners with Canadian firm MDS Aero to advance aero-engine testing infra in India
Tata Projects has entered a strategic partnership with MDS Aero Support Corporation to improve aero-engine testing infrastructure. This collaboration supports the development of testing facilities for India's aerospace sector. Tata Projects will oversee key infrastructure elements like civil works and high-air-pressure systems. MDS Aero Support will provide their specialized knowledge in engine testing technologies and lifecycle support. Together, these companies aim to strengthen aerospace technology ties between India and Canada.
JetSynthesys, Japan’s MIXI sign MOU to explore gaming collaboration in India
JetSynthesys has signed an MoU with Japan’s MIXI to explore collaboration across gaming, esports, digital entertainment, marketing and potential strategic investments in India. The partnership aims to combine JetSynthesys’ local market expertise with MIXI’s global gaming experience as India emerges as a key growth market for digital entertainment.
Envoys of six nations including Finland, EU present credentials to President Murmu
Jean-Eric Paquet, the new European Union Ambassador to India, presented his Letters of Credence to President Droupadi Murmu. The ceremony marks a significant step in the evolving EU-India strategic partnership, focusing on trade and security. Key initiatives include negotiations on a Free Trade Agreement and a Security and Defence Partnership. Both sides aim to enhance cooperation in technology, investment, and sustainable development.
Direct flights, education ties, youth mobility next focus as India-NZ strategic partnership deepens: High Commissioner Patrick Rata
The India-New Zealand Free Trade Agreement is set to take effect on October 20, boosting bilateral ties. It will facilitate greater direct connectivity, particularly through hopes for direct flights. Increased collaboration in education and research between New Zealand and Indian institutions is anticipated. This agreement will also create opportunities for skilled workers and young professionals. Overall, the FTA is expected to strengthen people-to-people links between both countries.
US, India should intensify efforts to conclude "historic" trade deal, lower tariffs: USIBC President Atul Keshap
The US-India Business Council has urged both governments to finalize a trade agreement that reduces tariffs. Ambassador Atul Keshap emphasized that such an agreement would facilitate reciprocal trade and benefit businesses in both nations. Commerce and Industry Minister Piyush Goyal stated the trade pact is nearly finalized pending competitive advantages in the American market.
Brahmaputra-Chao Phraya Dialogue explores new pathways for India-Thailand cooperation in Northeast India
The Brahmaputra-Chao Phraya Dialogue took place in Guwahati and Shillong, emphasizing bilateral trade and development initiatives. Senior diplomats, policymakers, and academics from India and Thailand participated in critical discussions over two days. Day one focused on human capital, education, and youth entrepreneurship, while day two highlighted strategic partnerships in the Bay of Bengal region. Key recommendations included direct air corridors and joint clean energy initiatives to foster cooperation.
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