Business News

Union Minister Ashwini Vaishnaw informed Rajya Sabha that India ranks top globally in AI skill penetration and leads in talent acquisition. The AI talent base has grown threefold since 2016 and is expected to double by 2027.

The new India-Oman CEPA will significantly benefit India's apparel and textile industry by providing preferential market access and tariff advantages, says CTA Apparels. The deal positions India as a key sourcing hub for global brands.

Union Minister Ashwini Vaishnaw informed the Rajya Sabha that 1,706 startups have been supported under the TIDE 2.0 scheme so far. The scheme supports tech startups through 51 incubators with a total outlay of Rs. 264.62 crore.

RBI Governor Sanjay Malhotra voted for a 25-bps rate cut at the December MPC meeting, citing a benign inflation outlook. He argued that lower real interest rates are necessary to stimulate demand and support economic growth, per the meeting minutes.

Jeet Adani details plans for Navi Mumbai International Airport, including three more terminals and another runway. The project aims for full completion by 2040, establishing a multi-modal hub with extensive connectivity to Mumbai and Panvel.

The RBI's Central Board discussed economic challenges and approved a risk-based deposit insurance framework for banks in its Hyderabad meeting. It also reviewed a banking report. Separately, states and UTs raised Rs 15,330 crore via SGS auction.

Shares of Apollo Micro Systems increased by nearly 5% after its subsidiary, IDL Explosives, received a 15-year government license. The approval permits the annual manufacturing of 50 metric tonnes of HMX and 500 metric tonnes of TNT,

India's flexible workspace market is set to grow nearly threefold to USD 9-10 billion by 2028. This growth is primarily fueled by the expansion of Global Capability Centers (GCCs) demanding more asset-light, managed office models.

India's defence shipbuilding sector is entering a major growth phase with a Rs 2.3 trillion project pipeline, a new Rs 697-billion stimulus package, and rising naval spending, aiming to make India a top-five global shipbuilding nation by 2047.

Gujarat Dy CM Harsh Sanghavi inaugurates Inox Solar's solar module and Inox Wind's nacelle manufacturing facilities near Ahmedabad. The plants will boost India's renewable energy goals and create over 2000 local jobs.