Market News
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Adani Mundra Airport launches first scheduled flight services
Adani Mundra Airport has launched its first scheduled flight service with Star Air, connecting Mundra to Mumbai and Goa. This expansion includes eight new routes, significantly boosting connectivity for businesses, trade, and tourism in the Kutch region. The airport's new operations are a key step in developing Kutch into a comprehensive logistics and business hub, adding another vital transport option for commercial activities.
RBI Governor asks banks to treat MSMEs as growth partners
RBI Governor Sanjay Malhotra urged banks to embrace digital transformation and view MSMEs as vital partners, not just compliance. Speaking at International MSME Day, he stressed investing in technology, R&D, and innovation for entrepreneurs. Malhotra highlighted the need for financial institutions to leverage digital infrastructure like Account Aggregator and ULI for efficient, data-driven credit.
RBI Governor asks banks to treat MSMEs as growth partners
RBI Governor Sanjay Malhotra urged banks to embrace digital transformation and view MSMEs as vital partners, not just compliance. Speaking at International MSME Day, he stressed investing in technology, R&D, and innovation for entrepreneurs. Malhotra highlighted the need for financial institutions to leverage digital infrastructure like Account Aggregator and ULI for efficient, data-driven credit.
India-bound fertilizer ships cross Hormuz, government says
Four cargo ships laden with vital fertilizers like urea and di-ammonium phosphate have successfully navigated the Strait of Hormuz, en route to Indian ports. This development significantly bolsters the nation's fertilizer reserves, crucial for meeting the upcoming summer crop season's demands. India continues its robust import strategy, supplementing domestic production to ensure ample crop nutrient availability for farmers nationwide.
Indian Railways approves Kavach deployment worth Rs 270 crore on 631 route kms
Indian Railways has approved the installation of Kavach, an indigenous automatic train protection system, on 631 route kilometers of East Coast Railway for Rs 270 crore. This move aims to significantly boost railway safety by preventing collisions and over-speeding. The expansion covers crucial sections in Odisha and neighboring areas, enhancing train operations even in adverse weather and reinforcing the mission to deploy Kavach across vital routes.
3 Indian-flagged oil tankers transit through Strait of Hormuz
Three Indian oil tankers, carrying over 8.6 lakh tonnes of cargo and 94 crew members, successfully navigated the Strait of Hormuz en route to India. The vessels, Desh Vaibhav, Desh Vibhor, and Sanmar Herald, are expected to reach Indian ports between June 24 and July 1. This transit follows the lifting of a US blockade on Iran, allowing oil tankers to move freely through the vital waterway.
India in talks with Russia's Rosneft to tap Siberian rare earth reserves
India is collaborating with Russian oil giant Rosneft to explore Siberia's rare earth deposits, aiming to secure vital mineral supplies. These elements are crucial for electric vehicle motors and advanced electronics, areas where India currently depends on imports. Following past export disruptions, this partnership, initiated during the India-Russia summit, seeks to develop processing technologies and potentially produce essential rare-earth magnets.
Govt targets 69% jump in FY27 rural road construction
India plans to construct 26,474 kilometers of rural roads this financial year. This target marks a significant 69% increase in road building. States are urged to speed up the completion of unconnected habitations. The government is investing ₹19,000 crore in the Pradhan Mantri Gram Sadak Yojana. Focus remains on quality and long-term sustainability of these vital rural road networks.
Consumer groups oppose Trai plan to scrap advisory panel for telecom complaints
Consumer advocates are pushing back against the telecom regulator's plan to eliminate the advisory committee for complaint appeals. They argue this move would remove a vital safeguard for consumers. Instead, they propose modernizing the committee with digital tools and faster turnaround times. Telecom operators, however, support the regulator's proposal.
Kudankulam nuclear plant unit-5 gets reactor vessel
India's Nuclear Power Corporation has achieved a significant milestone. The reactor pressure vessel for Kudankulam Unit-5 has been installed. This crucial step was completed with support from Russia's Rosatom. The installation marks progress in India's nuclear energy expansion. This project underscores strong India-Russia cooperation in nuclear technology. It is vital for India's energy security goals.
India adds 4.6 GWh of energy storage capacity in first quarter of 2026: Report
India saw a massive surge in battery energy storage capacity in early 2026. The country added 4.6 gigawatt-hours in the first three months, a 941 percent jump. This rapid expansion positions energy storage as a vital part of India's power infrastructure. Rajasthan leads in cumulative storage capacity. The project pipeline remains robust, indicating continued growth in this sector.
Japan company to set up rare earths magnet unit in Andhra Pradesh
Japan's Proterial will invest ₹2,250 crore to build a rare earth magnet plant in Andhra Pradesh. This facility will produce vital components for electric vehicles and wind turbines. The move aims to boost India's local rare earth value chain. It also reduces dependence on Chinese sources. This strategic investment strengthens India's manufacturing capabilities in key sectors.