News Digest
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FTA with EU to catalyse India's export-led global value chain integration: ICEA
India and the European Union have signed a landmark Free Trade Agreement. This deal supports India's shift to export-focused manufacturing. It aims to significantly increase electronics exports, reaching nearly 50 billion US dollars by 2031. The agreement also promotes job creation and innovation. This partnership leverages India's manufacturing scale and Europe's technological expertise for long-term industrial growth.
The new infrastructure imperative: Budget priorities for a high-growth, low-inflation India
Budget 2026: India is making significant strides in infrastructure development. The PM Gati Shakti program has successfully reduced logistics costs, boosting competitiveness. Future efforts will focus on expanding highways, ports, and railways, encouraging private participation. Developing smart cities and leveraging digital public infrastructure will further drive economic growth and help India achieve its Viksit Bharat 2047 vision.
Vedanta announces ₹4,500 crore OFS in Hindustan Zinc after stock rallies 60% in two months
Vedanta Ltd said its Committee of Directors has approved the sale of up to 6.7 crore equity shares, or 1.59% stake, in Hindustan Zinc Limited through an offer for sale via the stock exchange mechanism.
Suzuki-backed Next Bharat Ventures invests in Indian culture-tech platform MeMeraki
MeMeraki, an Indian culture-tech platform enabling technology-led market access for traditional Indian arts and crafts, has raised an undisclosed amount in funding from Next Bharat Ventures, the impact investment arm backed by Japan-based Suzuki Motor Corporation. The investment will support the company’s next phase of growth, with a focus on strengthening its technology platform, expanding distribution and enterprise partnerships, and enabling artisan-led economic expansion. The startup said it will use the raised capital to strengthen its technology platform, expand retail distribution across online and physical channels, as well as building the team across design, technology, partnerships and operations. It will invest in improving customer experience and supply-chain readiness to support consistent growth. Parallelly, MeMeraki will deepen its work with artisan communities through structured onboarding, design support, and research-led content creation. Founded in 2019, MeMeraki ...
Navam Capital Marks Final Close Of Maiden Fund At INR 315 Cr
Ather Energy-backer Navam Capital has marked the final close of its maiden alternative investment fund (AIF), Navam Venture Fund I,…
HDFC Bank expands Parivartan skilling initiative to Meerut
HDFC Bank, in partnership with Nasscom Foundation, has announced the launch of a Parivartan Skilling Centre in Meerut under its CSR programme, Parivartan. The centre aims to strengthen employability pathways for youth from economically and socially- marginalised communities by equipping them with industry-relevant skills. The initiative, to be implemented under the Nasscom Foundation Skilling & [...] The post HDFC Bank expands Parivartan skilling initiative to Meerut appeared first on HR Katha .
India-EU trade deal: Import duty on cars cut to 10% from 110%, with riders
India, at present, imposes import duty of 70-110% on cars.
Starlink Will Need Fresh Approval From IN-SPACe For D2D Connectivity: Report
Global satcom provider Starlink will need fresh approval from the Indian National Space Promotion and Authorisation Centre (IN-SPACe) to offer…
Spandana Sphoorty Q3 | Micro lender cuts losses to ₹83 crore as NII rises 13%
Spandana Sphoorty Financial Ltd cut Q3FY26 net loss to ₹83 crore from ₹218 crore YoY; improved asset quality, 27% rise in disbursements QoQ; merger with Criss Financials Ltd is under consideration; shares close 6.18% higher at ₹252.75.
BMW, Lamborghini, Porsche To Cancer Medicines: India-EU Trade Deal Will Make These Items Cheaper
PM Narendra Modi said, "India-EU will provide stability to the world order...India-EU cooperation is a partnership for global good..."
Navam Capital closes maiden venture fund at over Rs 315 crore, bets on deeptech startups
Navam Capital has marked the final close of its maiden alternative investment fund, Navam Venture Fund I (NVF-I), at over Rs 315 crore (about $35 million), after exercising its green shoe option. The Category II AIF had a target corpus of Rs 250 crore and was oversubscribed at final close, the firm said. The early-stage, India-focused fund is backing intellectual-property-led deep-technology startups that are built in India for global markets. Its investment thesis spans advanced computing, semiconductors, robotics, drone technology, space technology, industrial automation, enterprise AI, climate tech and materials science. Navam Capital said NVF-I has attracted a diversified limited partner base, including technology founders, business operators, family offices, industrial groups and conglomerates. The fund is largely backed by domestic capital, with commitments from family offices, corporate groups, ultra-high-net-worth individuals and founders. The firm has already invested in ei...
Budget 2026 Expectations India Highlights: Will FM Nirmala Sitharaman Meet Taxpayers’ Big Expectations In The February 1 Budget?
Union Budget 2026 Expectations live updates: Ahead of Union Budget 2026–27, expectations are high among salaried employees, middle-class households, senior citizens
‘Mother of all deals’: India and EU finalise FTA
European wines, luxury cars to become cheaper as trade talks conclude after almost two decades; Modi calls it historic pact, while Ursula says it will reduce strategic dependence amid global turmoil; Officials say document will undergo legal scrubbing before it can be ratified by European Parliament
Industry welcomes India-EU FTA as 'game-changer' for trade and jobs
Indian industry bodies like CII and FICCI hail the India-European Union tree trade agreement as a landmark move that could boost trade, investment, and jobs, especially in labour-intensive sectors.
Zensar braces for hit as Cisco likely to pare vendors, fifth Indian IT firm under top-client pressure
Mid-tier Indian IT companies are facing revenue risk as global clients rationalize vendors, cut costs, and shift spending towards automation.
Ramkrishna Forgings Q3 Results: Margins expand, revenue up 2% on strong order book
Ramkrishna Forgings Ltd reported a Q3 net profit of ₹13.5 crore, down 35.4% year-on-year while revenue rose 2.3% to ₹1,098.5 crore. The company secured new orders worth ₹680 crore during the quarter, supporting its diversification strategy across automotive and non-automotive segments.
Renewable Energy Leaders Call For Grid, Storage Focus Before Budget 2026
India’s renewable leaders urge Budget 2026 to boost grid-ready clean power, storage, and transmission.
Vedanta To Trim Stake In Hindustan Zinc Via OFS, Floor Price Fixed
Vedanta to offload 1.59% share in HZL.
Nirmala Sitharaman takes part in customary halwa ceremony; marks final stage of Budget preparation
The ‘Halwa ceremony’ precedes the ‘lock-in’ of the officials involved in preparation of the Union Budget
Commerce Ministry: FTA to drop tariffs on 95% of India's exports to the EU to zero
India's dairy and agriculture sector won't be covered under the FTA, which will have tariff liberalization on 99% of tariff lines by the EU, and on 97% of tariff lines by India.
Mysa Bags $3.4 Mn To Strengthen AI-Based Finance Automation
B2B fintech startup Mysa has raised $3.4 Mn (around INR 31.2 Cr ) in its pre-Series A funding round co-led…
Former Citi wealth executive sues bank; alleges harassment and biased HR probe
Citigroup is under renewed scrutiny after a former senior executive in its wealth-management division filed a lawsuit accusing the bank of fostering a hostile workplace culture and mishandling allegations of misconduct at the top levels of leadership. The suit was brought by a former global head of platform and experiences at Citi Wealth, who left [...] The post Former Citi wealth executive sues bank; alleges harassment and biased HR probe appeared first on HR Katha .
Uttar Pradesh inked deals worth ₹3 lakh crore at WEF in Davos: State Finance Minister Khanna
“This is a major achievement for Uttar Pradesh and reflects the confidence global investors have in the State," Uttar Pradesh Finance Minister Khanna said
Explained: Why India’s Latest AI Governance White Paper Rejects a Standalone AI Law
India’s new AI governance strategy avoids a single law, so what’s the alternative? Discover how the country plans to embed control deep into AI systems. The post Explained: Why India’s Latest AI Governance White Paper Rejects a Standalone AI Law appeared first on MEDIANAMA .