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MSME Minister Jitan Ram Manjhi reviews flagship schemes in Puducherry, stresses technology, credit, skills and market access
The Minister urged banks to facilitate greater access to institutional credit for MSMEs and called upon all stakeholders to ensure effective implementation of Government initiatives for the growth of the sector. On 8 July 2026, he visited the MSME Technology Centre, Puducherry and reviewed the Centre's training and production facilities. The Minister interacted with trainees undergoing technology-driven skill development programmes and inspected products manufactured using advanced machinery. He emphasised that equipping youth with modern technology-driven skills and making them self-reliant and employment-ready is a key priority of the Ministry. He noted that MSME Technology Centres are playing a vital role in developing a skilled workforce, strengthening the manufacturing ecosystem and supporting the vision of Atmanirbhar Bharat and Viksit Bharat.
Indian Navy secures safe passage for crude tanker Omega Trader through Hormuz
India and the Indian Navy have secured the safe passage of the Omega Trader tanker. This vessel carries 23 crew members, including 15 Indian nationals, to Sikka in Gujarat. The development occurs amid heightened security concerns in the Strait of Hormuz region. Recent attacks on commercial vessels have escalated tensions in this vital waterway. The United States launched strikes against Iran in response to these shipping incidents.
India and France deliberate critical minerals partnerships
India and France held their first joint working group on critical minerals. This collaboration aims to enhance exploration, processing, and recycling efforts. Discussions focused on reducing dependence on single supply sources for vital materials. Partnerships between Indian and French companies are being developed to secure value chains. The objective is building resilient and sustainable supply chains for strategic minerals.
One attack, one warning: The world's energy lifeline is still vulnerable
An attack on a Qatari LNG carrier in the Strait of Hormuz has raised concerns. This incident suggests ongoing threats to commercial shipping in the vital waterway. Energy markets may face potential repeated disruptions rather than widespread conflict fears. The dispute over Hormuz control remains unresolved, impacting global energy supplies.
Sentosa eyes higher tourist inflows from India as arrivals to Singapore island rise 8% in FY26
Sentosa Development Corporation is ramping up initiatives to woo Indian tourists, a vital demographic fueling the island's tourism growth. Following an impressive 8% annual increase in visitors from India, the island seeks to attract even more wanderers. Additionally, the forthcoming integration of Sentosa and Brani islands provides a prime opportunity for Indian businesses eager to explore international markets.
Kusumgar IPO GMP signals 41% listing pop: 10 key things to know from the RHP ahead of offer launch on Wednesday, 8 July
As Kusumgar prepares for its IPO launch on July 8, the grey market hints at a promising 41% premium. With insights from its Red Herring Prospectus, discover vital information about the company’s operations and financials.
Govt scraps auction of 9 critical mineral blocks citing poor investor response
Government cancels auction of nine crucial mineral blocks due to poor investor interest and a lack of qualified bidders. This setback hinders efforts to boost domestic production of minerals vital for energy security and clean-tech manufacturing. The cancellations, a recurring issue in previous rounds, highlight challenges in attracting private investment to riskier mining ventures with high costs and regulatory hurdles.
Iran to impose new service fees in Hormuz, reserves special treatment for 'friendly' nations
Iran's ambassador to China announced new service fees for ships transiting the Strait of Hormuz, despite US objections. Ambassador Abdolreza Rahmani Fazli stated these fees would cover security, supervision, and environmental concerns, with "friendly" nations receiving special consideration. This comes after Iran lifted its blockade of the vital waterway following a preliminary deal with the US to end the Middle East war, with ongoing negotiations for a permanent settlement.
Yemen's Houthis Threaten Saudi Airports, Vital Assets After Alleged Airspace Breach
File image of Houthi fighters
Coal India's SECL strengthens monsoon measures for uninterrupted supply
SECL, a Coal India subsidiary, has implemented robust monsoon preparedness to ensure uninterrupted coal supplies crucial for India's energy security. The company achieved its best-ever first-quarter performance in production and offtake, with a significant portion directed to power utilities. SECL's extensive operations across Chhattisgarh and Madhya Pradesh underscore its vital role in meeting national energy demands.
Returning from the UK? What to know before transferring your pension
Thousands of Indian professionals returning from the UK often leave their pension untouched, facing risks due to misunderstandings of HMRC rules and product choices. Ignoring this vital asset incurs inflation and regulatory costs. Currently, a strong pound, cooler Indian equity markets, and favourable annuity rates present a unique opportunity for beneficial transfers. However, a successful transfer demands a robust retirement plan post-arrival in India.
Logistics player A1 expands industrial chemical portfolio
A 1 Ltd, a logistics and chemical supplier, has been appointed the Primary Authorised Dealer for Ishan Dyes and Chemicals Ltd's sulphur-based industrial chemicals. This strategic move significantly expands A 1 Ltd's product offerings, including vital chemicals like Sulphuric Acid and Oleum, serving diverse sectors such as fertilisers and pharmaceuticals.