Centre launches ₹44,700 cr shipbuilding scheme
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🗞️ Govt notifies ₹44,700 crore shipbuilding assistance scheme
The Government of India has notified guidelines for shipbuilding assistance and development schemes with a total outlay of ₹44,700 crore ($5.4 billion) to significantly boost India’s shipbuilding capacity.
🗞️ PM urges Centre, states to identify 100 import-substitution products
Prime Minister Narendra Modi has urged the Centre and states to jointly identify 100 target products to reduce India’s import dependence and strengthen domestic manufacturing.
🗞️ Hindustan Copper shares extend record rally
Hindustan Copper shares have surged nearly 50% in seven trading sessions, driven by strong copper price momentum and optimism around domestic mining and capacity expansion.
🗞️ India launches ₹7,000 crore rare earth magnet scheme
India has launched a ₹7,000 crore scheme to promote domestic manufacturing of rare earth magnets, a critical input for EVs, electronics, and defence applications.
🗞️ L&T wins up to ₹2,500 crore road project order
Larsen & Toubro has secured orders worth up to ₹2,500 crore for the Hyderabad greenfield radial road project, strengthening its infrastructure order book.
🗞️ Domestic aviation sector may post ₹18,000 crore loss in FY26
India’s domestic aviation industry is estimated to incur losses of up to ₹18,000 crore in FY26, amid rising fuel costs, pricing pressure, and capacity additions.
💬 Expert Take — “Sustained losses could push airlines toward consolidation and tighter capacity discipline.”
🗞️ India may seek compensation from RIL-BP over gas output
India is reportedly considering seeking compensation from Reliance Industries and BP over lower-than-expected gas output from the KG-D6 block.
🗞️ Silver prices crash ₹21,000 in one hour
Silver prices plunged ₹21,000 per kg within an hour as profit-booking set in after an overheated rally.
💬 Expert Take — “Sharp corrections underline the risks of momentum-driven commodity trades without fundamental support.”
📊 Market Update
📉 Sensex: 84,695.54 ▼ 345.91 (–0.41%)
📉 Nifty 50: 25,942.10 ▼ 100.20 (–0.38%)
🪙 Gold (per gram): 24K ₹13,924 ▼ ₹1 | 22K ₹12,764 ▼ ₹1
🥈 Silver (per kg): ₹2,58,000
The timing on the ₹7,000 cr rare earth magnet scheme alongside the shipbuilding push seems deliberate tbh. Rare earths have become this weird chokepoint where everyone talks about supply chain resilience but few countries actually commit capital to building domestic capacity. Seeing India stack these industrial policy bets (magnets for EVs/defense, ships for trade independence) instead of just subsidizing consumption feels differnt from what most emerging markets are doing. I wonder if thre's coordination happening behind the scenes between these schemes or if they're just parallel bets that happen to complement each other.