ABB’s $75M Bet on India’s Future
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🗞️ India’s Finished Steel Exports Rise 36.6% (Apr–Feb)
India’s finished steel exports rose by 36.6% during the April–February period, driven by strong global demand and favourable trade policies.
This growth strengthens India’s position as a key player in the global steel market.
💬 Expert Take — “The rise in steel exports indicates robust manufacturing activity and the global competitiveness of Indian industries.”
🗞️ India to Improve IP Approval System
Piyush Goyal, Union Minister of Commerce and Industry, called for reforms to make India’s intellectual property (IP) approval system one of the top five globally in terms of speed, transparency, and efficiency.
The initiative aims to foster innovation and support businesses.
🗞️ FTAs Open New Opportunities for MSMEs
The government highlighted that free trade agreements (FTAs) are creating fresh opportunities for MSMEs to integrate into global supply chains.
FTAs provide MSMEs with better access to international markets and reduce trade barriers.
🗞️ 3.07 Crore Women-Led Enterprises Registered
Over 3.07 crore women-led enterprises were registered on the Udyam portal till February 2026, demonstrating the increasing participation of women in India’s entrepreneurial ecosystem.
The initiative supports women’s empowerment and financial inclusion.
🗞️ ABB to Invest $75M in India for Manufacturing Expansion
ABB plans to invest $75 million in India to expand its manufacturing and R&D capabilities.
The investment will help strengthen ABB’s position in India’s growing industrial automation and energy sectors.
🗞️ Novus Loyalty IPO to Open on March 17
The Novus Loyalty IPO will open for subscription on March 17. The company plans to raise funds to expand its customer loyalty programs and digital services.
The IPO is expected to attract investor interest in the growing tech-enabled service market.
🗞️ Rajputana Stainless IPO Subscribed 32% on Day 2
Rajputana Stainless IPO was subscribed 32% on Day 2, with QIBs leading the subscriptions.
The IPO’s strong demand signals confidence in India’s industrial and manufacturing sectors.
🗞️ No Shortage of Petrol/Diesel, Says IndianOil
IndianOil reassured consumers that there is no shortage of petrol or diesel in the country despite recent concerns.
The statement comes amid global oil price fluctuations and local supply chain challenges.
📊 Market Update
📈 Sensex: 78,205.98 ▲ 639.82 pts (+0.82%)
📈 Nifty 50: 24,261.60 ▲ 233.55 pts (+0.97%)
🪙 Gold (per gram): 24K ₹16,238 ▲ ₹70 | 22K ₹14,885 ▲ ₹65
🥈 Silver (per kg): ₹2,90,000 ▲ ₹10,000