SUSTAINABILITY LINKED TRADE FACILITY
US Embassy issues warning to Americans in Trinidad and Tobago as tensions with Venezuela escalate
The U.S. Embassy in Trinidad and Tobago issued an unusual warning for Americans to avoid U.S. government facilities due to a heightened state of alert. This caution comes amid growing tensions between the U.S. and Venezuela, following deadly U.S. strikes targeting suspected drug traffickers in Caribbean waters.
Giants reportedly targeting Tennessee's Vitello as next manager but decision remains pending
The San Francisco Giants are pursuing Tennessee Volunteers head coach Tony Vitello as their next manager, according to multiple reports. Vitello, who led Tennessee to its first national championship in 2024, has not confirmed the move as a decision is expected within 24 to 72 hours
UAE launches new category under the Golden Visa programme
Dubai's Golden Visa programme now welcomes waqf donors, recognizing their contributions to humanitarian causes. A new category, 'financial supporters of humanitarian work,' allows eligible residents and non-residents to secure a 10-year residency. This initiative, born from a GDRFA-Dubai and Awqaf Dubai pact, aims to foster giving and community development, reinforcing Dubai's commitment to generosity and innovation.
India building global-standard inland ship repair network to boost water transport: Shantanu Thakur
India is enhancing its inland ship repair and maintenance facilities. New centers in Patna and Varanasi are operational, with another planned for Pandu. These facilities aim to reduce vessel downtime and create jobs. The government's vision is to make India a leading maritime nation by developing a self-sustaining inland vessel ecosystem.
India must ‘fire on all cylinders’ to sustain growth and boost trade, says IMF
IMF's Krishna Srinivasan urged India to focus on domestic demand, reforms, investment, innovation, and trade integration to achieve high growth. He emphasized balancing self-reliance with global trade, suggesting liberalization of trade and labor laws to compete effectively. India's economic fundamentals remain strong, with growth projected at 6% this year.
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Trump says 100% tariffs on China not sustainable
President Trump stated his proposed 100% tariff on Chinese goods is unsustainable but necessary due to China's actions on rare earth exports. He announced new tariffs and export controls as a reaction to Beijing tightening its grip on these critical elements. Trump also confirmed a meeting with Chinese President Xi Jinping, emphasizing the need for a fair trade deal.
Rajnath Singh, Yogi Adityanath to flag off first batch of BrahMos missiles manufactured in Lucknow on Saturday
Defence Minister Rajnath Singh and Uttar Pradesh Chief Minister Yogi Adityanath will flag off the first batch of BrahMos missiles manufactured in Lucknow on Saturday. This marks a significant milestone for the Uttar Pradesh Defence Industrial Corridor. The new facility in Lucknow is fully operational and will boost India's self-reliance in defense production.
EKA Mobility Secures ₹500 crore from NIIF’s IJF
The India-Japan Fund has committed ₹500 crore to EKA Mobility, marking a pivotal investment in India's burgeoning electric vehicle industry. With this funding, EKA Mobility is set to enhance its electric bus manufacturing capabilities by establishing a state-of-the-art plant in Pithampur.
Asian Paints surges nearly 5%, extends rally to third consecutive day
Asian Paints shares surged, hitting a new intraday peak as investor confidence remains strong. The company's international expansion, marked by its new UAE white cement facility, is a key driver. Investors are anticipating Q2 FY2026 earnings and a potential interim dividend, with analysts maintaining a positive outlook and a target price of Rs 2,650.
SK Minerals and Additives shares list at 14% premium over IPO price on BSE SME platform
SK Minerals and Additives is set to list on the BSE SME platform on Friday. The stock shows a 4% grey market premium, suggesting a mild listing gain. The company's IPO saw decent investor participation, with strong demand from non-institutional investors. SK Minerals manufactures industrial minerals and specialty chemicals.
India to force drugmakers to upgrade plants after fatal cough syrup crisis
India has denied drugmakers more time to upgrade manufacturing facilities. This decision follows the deaths of at least 24 children from contaminated cough syrup. The government mandated World Health Organization standards after similar incidents abroad. Despite pleas from smaller firms, officials are firm on the deadline.
Army's new generation vehicle logistics hub comes up in Leh to boost operational readiness
A new vehicle logistics hub for the armed forces has opened in Leh. This facility will improve operational readiness in high-altitude areas. Satellite hubs are planned for Kargil, Tangtse, and Nyoma. The hub will address logistics and maintenance challenges. It centralizes logistics and equipment support. This ensures faster repairs and better spare availability for sustained operations.
Finance Minister Sitharaman inaugurates pulse processing unit in Raichur, pledges support to farmers
Finance Minister Nirmala Sitharaman inaugurated a Farmers’ Training and Common Facility Centre in Raichur, Karnataka, to boost the pulse value chain and empower farmers. The centre, funded by MPLADS, will enhance pulse processing, packaging, and marketing, aiming to increase farmer incomes and reduce reliance on middlemen. Similar facilities are planned for seven districts.
Blue Energy signs pact with Maharashtra govt to set up facility with Rs 3,500 cr investment
Blue Energy will build a new truck facility in Maharashtra with a Rs 3,500 crore investment. The company has launched its first heavy-duty electric truck. It also inaugurated India's first electric corridor between Pune and Mumbai. This initiative aims to electrify major highways. Blue Energy is a leader in green truck manufacturing.
LIC launches Jan Suraksha (880) and Bima Lakshmi (881) plans: Check eligibility criteria, minimum sum assured, entry age and other features
LIC new policies: Life Insurance Corporation of India has introduced two new insurance plans. The LIC Jan Suraksha Plan is designed for lower-income individuals, offering life cover and maturity benefits. The LIC Bima Lakshmi Plan is exclusively for women, providing life cover, periodic money-back options, and critical illness coverage. These are LIC's first products launched under the new GST regime.
India launches global AgXelerate platform to connect agri-innovators with global markets
Launching from the vibrant heart of New Delhi, the innovative platform Global AgXelerate is set to transform the agricultural landscape in India. This new initiative is designed to seamlessly connect local agricultural pioneers with international markets, engaging a network of startups, incubators, and investors from around the world.
Paytm set to ride credit boom, Axis Capital upgrades to buy call
Paytm upgraded to ‘Buy’ by Axis Capital as credit-linked payments, stabilising merchant revenue, and tight cost control drive growth; FY27–28 EBITDA estimates raised 33–46%, with a Rs 1,500 price target implying 20% upside amid robust digital finance expansion.
Pakistan, IMF reach staff-level agreement for $1.2 billion loan deal
Pakistan and the IMF have reached a staff-level agreement for a USD 1.2 billion loan, pending board approval. This funding, split between the EFF and RSF, supports Pakistan's economic recovery, with a current account surplus and contained inflation. Despite flood impacts on agriculture, the country remains committed to fiscal discipline and structural reforms.
DPIIT launches PM GatiShakti Offshore for integrated planning
The DPIIT launched PM GatiShakti-Offshore, a digital platform for integrated planning of offshore projects like wind farms and marine exploration. This initiative aims to strengthen India's Blue Economy and support sustainable coastal growth. Additionally, the Logistics Excellence, Advancement, and Performance Shield (LEAPS) 2025 was launched to benchmark logistics excellence and enhance India's competitiveness.
India, US hopeful of concluding first tranche of Trade Agreement by fall deadline: Govt Sources
India and the US are nearing a trade deal, with optimism high for a fall conclusion. A delegation heads to Washington this week to finalize market access, energy, and tech trade. Simultaneously, India's Free Trade Agreement talks with the EU are progressing, though carbon adjustment and sector-specific issues remain. These efforts bolster India's global economic strategy.
Nava Raipur: Chhattisgarh’s green capital bets on tech, tourism and semiconductors
Nava Raipur, India's first debt-free planned capital, is rapidly transforming into a technological and tourism hub. With wide roads, underground utilities, and a focus on sustainability, the city is attracting significant investment, including a major semiconductor plant and a Film City. Prestigious educational institutions are also bolstering its profile, aiming for net-zero emissions by 2035.
Ukraine accuses Russia of deliberately severing external link to Zaporizhzhia plant
Ukraine's Foreign Minister Andrii Sybiha alleges Russia intentionally severed the Zaporizhzhia nuclear power station's external power line. This action, he claims, is to test a reconnection to Russia's power grid. Ukraine fears Moscow will redirect the plant's output. The plant currently produces no electricity and has been without external power for weeks.
Spacetech startup OrbitAID wins Indo-Australian MAITRI grant; to deploy India’s first in-orbit refuelling interface
The Chennai-based startup said the Standard Interface for Docking and Refuelling Port (SIDRP) system will be deployed aboard an international joint mission in 2026, operated by Australia’s Space Machines Company. To date, OrbitAID has raised a total of $2.04 million, with its latest funding round being a $1.5 million pre-seed round on January 15, 2025, led by Unicorn India Ventures and with participation from the Tamil Nadu government.
Spacetech startup OrbitAID wins Indo-Australian MAITRI grant, to deploy India’s first in-orbit refuelling interface
Chennai's OrbitAID Aerospace is set to deploy India's first in-orbit docking and refuelling interface, SIDRP, on an Australian mission in 2026. This groundbreaking commercial deployment, supported by the Indo-Australian Space MAITRI grant, aims to extend spacecraft lifespans and promote space sustainability by standardizing refuelling. OrbitAID will also manage the entire propellant supply chain.
Jindal Stainless unveils first stainless steel fabrication unit with Rs 125 cr investment
Jindal Stainless launched its first stainless steel fabrication unit in Patalganga, Mumbai. The facility, built with an investment of Rs 125 crore, will serve the bridge sector. It aims to achieve an 18,000 tonnes annual capacity by FY27. This unit strengthens the company's infrastructure solutions. Jindal Stainless plans future expansion across India.
Pakistan's trade deficit jumps nearly 46% from last year to $3.34 billion
Cash-strapped Pakistan's trade deficit surged to $3.34 billion in September, marking a 46% increase from last year, as imports soared and exports plummeted. This alarming economic data intensifies pressure on the nation's fragile external sector, threatening currency stability and complicating debt repayments. Experts warn of severe strain on foreign reserves, urging immediate export diversification as IMF reviews ongoing loan conditions.
L&T shares in focus after securing $700 million sustainability-linked trade facility from Standard Chartered
Shares of Larsen & Toubro (L&T) will be in focus on September 30 after the company secured a $700 million Sustainability-Linked Trade Facility (SLTF) from Standard Chartered. This follows L&T’s issuance of India’s first listed sustainability-linked bond earlier this year, reinforcing its leadership in sustainable finance and commitment to ESG goals, including carbon neutrality by 2040 and water neutrality by 2035.
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