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PM Modi inaugurates CG Semi chip plant in Sanand, Gujarat
Prime Minister Narendra Modi inaugurated India's third semiconductor manufacturing plant in Sanand, Gujarat, a significant stride in building a domestic chip ecosystem. This facility aims to bolster manufacturing, strengthen electronics supply chains, and reduce import reliance. Union Minister Ashwini Vaishnaw highlighted the rapid development of the sector, underscoring its national priority. Meanwhile, the Mumbai-Ahmedabad High-Speed Rail corridor is nearing completion, with an operational stretch anticipated in 2027.
Reliance market value now equals India's top five IT companies combined
A sharp selloff in Indian IT stocks has reduced the combined market capitalisation of the top five IT firms to nearly match Reliance Industries at around ₹18 lakh crore. AI disruption fears, weak technology spending and macro uncertainty continue to pressure the sector.
LME approves Adani's major copper smelter in India as listed brand
The London Metal Exchange has approved Adani Copper for delivery against its contracts, enabling warrant issuance from July 10. Produced by Adani Enterprises’ Kutch Copper unit in Gujarat, the facility has 500,000-tonne capacity. The move may boost India’s copper self-reliance and reduce import dependence amid steady domestic demand.
Maersk places order for 1,000 shipping containers with DCM Shriram Group
Global shipping giant AP Moller-Maersk has ordered 1,000 more India-made shipping containers from DCM Shriram Group. Union Minister Sarbananda Sonowal unveiled the first such container, marking a significant step towards self-reliance in maritime manufacturing. This partnership is set to boost India's global supply chain presence and manufacturing capabilities, supported by government initiatives promoting domestic production.
Container manufacturing scheme aims for 10x rise in domestic capacity: Sarbananda Sonowal
India has successfully manufactured its first export-import shipping container for global giant A.P. Moller-Maersk, marking a significant stride towards self-reliance in maritime manufacturing. This achievement, a direct result of Prime Minister Modi's 'Make in India' vision, underscores growing international confidence in India's capabilities.
Industrial park operator Ganesh Industrial to invest Rs 600 crore in NCR parks
Kolkata's Ganesh Industrial Complex is investing Rs 600 crore in new industrial parks across Delhi-NCR, targeting highway-adjacent locations. The company plans to develop around 110 acres in Haryana, leveraging strong demand from manufacturing and warehousing sectors. Ganesh Complex focuses on outright plot sales, creating integrated industrial ecosystems for clients like Amazon and Reliance, aiming for faster project execution and supply chain efficiencies in this key growth market.
Jewellers may be louped in for idle gold mobilisation
The government is exploring a revamped Gold Monetisation Scheme, aiming to involve jewellers for the first time to tap into the vast amount of household gold. This initiative seeks to reduce India's reliance on imported bullion, especially with gold prices and import duties impacting jewellery demand. Discussions involving ministers, the RBI, banks, and industry representatives are underway, with an announcement anticipated before the festive season.
Influencer boom masks growing ad fatigue as brands chase clicks over brand-building: Kantar
Indian marketers might be overestimating influencer impact, as a Kantar report reveals Gen Z fatigue with sponsored and AI ads. While creator content's reach is up, its brand connection is weak. Consumers are increasingly wary of AI-generated ads, finding them misleading and irritating. Experts warn that focusing solely on short-term metrics and over-reliance on AI risks alienating audiences and damaging long-term brand equity.
Reliance Jio, Amazon Leo spar over proposed satellite network framework
The framework creates a new category of companies that would operate satellite communication networks. Licensed telecom, satellite internet providers would then use this infrastructure to deliver satellite internet services. Jio has opposed granting spectrum rights to these infrastructure providers.
Cracks in cola kingdom: India's duopoly faces biggest test in decades
India's cola market is undergoing a significant transformation, moving beyond the traditional Coca-Cola vs. PepsiCo rivalry. Reliance's Campa revival ignited a price war, while ITC's new premium, sugar-free coconut cola signals a shift towards health, premiumization, and niche offerings. This evolving landscape caters to health-conscious consumers seeking alternatives, indicating a more dynamic and diversified future for the Indian beverage sector.
Blinkit to remain undisputed market leader despite Amazon, Flipkart's QC entry, says Anand Rathi, sees 43% upside
Despite concerns over Amazon and Flipkart intensifying competition in India's quick commerce market, Anand Rathi believes Blinkit remains the clear market leader due to its scale, strong customer retention and limited reliance on heavy discounts. The brokerage has reiterated its 'Buy' rating on Eternal with a target price of Rs 400.
Adani takes on Birla, Vedanta with $11.5 billion aluminium bet
The proposed 2 mtpa plant in Odisha would also help India reduce its reliance on imported aluminium, a light-weight metal that is increasingly used in electric vehicles