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