India Pushes Manufacturing Muscle
Your daily dose of business news
🗞️ Tata Steel Acquires ₹1,562.5 Cr Stake
Tata Steel has acquired shares worth ₹1,562.5 crore in its Singapore subsidiary to consolidate global operations and simplify its structure.
💬 Expert Take:
“This move streamlines Tata’s cash flows abroad and underscores confidence in global steel demand recovery,” — Radhika Khanna, Analyst at ICICI Securities
🗞️ Government Greenlights ₹417 Cr Electronics Cluster in UP
The Centre has approved a ₹417 crore electronics manufacturing cluster in Gautam Buddha Nagar to boost “Make in India” and create thousands of jobs.
💬 Expert Take:
“Such clusters are vital to scaling India's electronics capacity and easing import dependence,” — Neelabh Mishra, Tech Industry Consultant
🗞️ GST Rationalisation Tops Industry Demands
Business bodies are calling for rationalised GST rates to enhance competitiveness and simplify compliance amid a scheduled tax review.
🗞️ ₹21,534 Cr Disbursed via 12 PLI Schemes
The government has disbursed ₹21,534 crore across 12 sectors under the PLI initiative to spur domestic manufacturing in electronics, pharma, automotive, and textiles.
🗞️ Panasonic Exits Home Appliance Market
Panasonic has halted its washing machine and refrigerator business, citing intense competition and low scale.
🗞️ FDI Inflows Reach $8.8 Billion in April
FDI into India rose to $8.8 billion, showing sustained global investor interest; NRI deposit growth, however, has slowed.
🗞️ Banks to Charge ATM Fees from August ‘25
From August 1, one bank will start charging 6% on shortfall in average monthly balances — reflecting a growing trend in banking fees.
🗞️ Passport Seva 2.0 & E-Passports Unveiled
FM Jaishankar launched Passport Seva 2.0 and rolled out e‑passports nationwide for enhanced convenience and security.
📊 Market Updates – June 25, 2025
📈 Sensex: 82,755.51 ▲ +700.40 (+0.85%)
📈 Nifty 50: 25,244.75 ▲ +200.40 (+0.80%)
💵 USD/INR: ₹86.09 ▼ −0.04 (current session)
🛢️ Brent Crude: $67.89 ▼ −3.8% w‑o‑w
🪙 Bitcoin: ~$106,850 ▲ +1.2%
🪙 Gold (24K): ~$3,327/oz ▼ −0.6%