MAKE IN INDIA INITIATIVES
India-Central Asian Foreign Ministers speak in one voice against cross-border terror & terror proxies
At the fourth India-Central Asia dialogue, ministers condemned the Pahalgham terrorist attack and pledged to combat terrorism, emphasizing accountability for perpetrators and the need for UN cooperation. They expressed interest in joint rare earth exploration, supported India's UN Security Council membership, and advocated for a stable, terror-free Afghanistan.
Infosys cofounder Nandan Nilekani commits second multi-year grant to AI4Bharat; total Rs 70 crore
AI4Bharat aims to gather 15,000 hours of transcribed data from over 400 districts encompassing all 22 scheduled languages of India. In parallel, its in-house team of over 100 translators is creating a parallel corpus with 2.2 million translation pairs across 22 languages.
We aim to make Central Waqf Council more robust, responsive, says Kiren Rijiju
Minority Affairs Minister Kiren Rijiju highlighted the government's commitment to strengthening the Central Waqf Council and ensuring transparent governance through the Waqf (Amendment) Act, 2025. He announced the upcoming launch of the "UMEED" portal for digitizing Waqf properties. The ministry observed World Environment Day with a tree plantation drive, "Ek Ped Maa Ke Naam," promoting environmental responsibility and honoring mothers.
After Indigo, Akasa partners with Navi Mumbai Airport for commercial flights
Akasa Air will soon operate flights from Navi Mumbai International Airport. The airline plans over 100 weekly domestic departures initially. Later, it will increase to 300 domestic and 50 international flights. Akasa Air aims to expand its network with 10 parking bases by 2027. The airline will focus on Middle Eastern and Southeast Asian routes.
Fintech startup Decentro raises Rs 30 crore, will shift domicile to India
Decentro, a fintech startup, secured Rs 30 crore in funding led by InfoEdge Ventures. The company intends to move its base from Singapore to India. This move aligns with other Indian startups returning home. Decentro aims to enhance its products and expand its enterprise adoption. They offer APIs for KYC, payments, and debt collection.
Sebi attaches bank, demat, MF accounts of Mehul Choksi to recover Rs 2.1 crore dues
Sebi has ordered the attachment of Mehul Choksi's assets, including bank accounts, shares, and mutual funds, to recover Rs 2.1 crore in dues related to insider trading violations in Gitanjali Gems shares. This action follows Choksi's failure to pay a fine imposed in January 2022 for communicating unpublished price-sensitive information.
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India now ranks third in building general dry cargo vessels for European short sea trade: Sarbananda Sonowal
India has achieved 3rd rank in building cargo vessels for European trade. This success is attributed to the Maritime Amrit Kaal Vision 2047. The Maritime India Vision 2030 aims for holistic maritime sector development. Port capacity and efficiency have improved. Capital expenditure in the sector has also increased. Around 75 port development projects have been awarded.
OpenAI launches Academy in India; to expand access to AI education
According to ChatGPT maker OpenAI’s chief strategy officer, Jason Kwon, the government of India realises that to get the best returns from AI, large investments are needed to set up core infrastructure and develop advanced AI technologies.
Omnivore India Capital Trust, other settle case of delay in winding up fund with Sebi
Omnivore India Capital Trust and Omnivore Capital Management Advisors have settled a case pertaining to alleged delay in winding up the venture capital fund on payment of Rs 14.62 lakh.
India, Pakistan conflict among issues discussed during Putin-Trump phone call: Kremlin aide
Russian President Putin and US President Trump discussed the recent India-Pakistan conflict during a phone call, alongside Ukraine and Middle East issues. Trump claims to have helped stop the fighting, though India credits military-level talks for the ceasefire. Pakistan’s Prime Minister sought Putin’s support for peace talks. Tensions rose after attacks in May, ending with a military understanding on May 10.
Sports as a catalyst for change: How Hinduja family is impacting young lives
The Hinduja Foundation integrates sports into its educational programs, such as the Road to School initiative in Meghalaya, to foster teamwork, resilience, and leadership skills among students. Through sports, children learn vital life skills, build confidence, and strengthen community bonds, preparing them to overcome challenges and become future leaders.
Building resilient AI strategies for Indian enterprises
The EU's AI Act of 2024 can inspire AI regulation. India's AI market is set for substantial growth. The IndiaAI Mission is funding privacy and security solutions.
Alstom to supply trainsets for Chennai Metro
Alstom has secured a 135 million euro contract from Chennai Metro Rail Limited to design, manufacture, supply, test, and commission 96 metropolis metro cars for Chennai Metro Phase II. The company will manufacture 32 trainsets in Sri City, Andhra Pradesh, supporting the Make in India initiative.
IIT Delhi and AIIMS Delhi to establish AI centre for healthcare with Rs 330 crore grant
IIT Delhi and AIIMS Delhi have partnered to establish a Centre of Excellence for Artificial Intelligence in Healthcare (AI-CoE), supported by a ₹330 crore government grant. The centre aims to develop AI-driven solutions to enhance healthcare access and delivery across India, focusing on key national health programs. This initiative seeks to improve healthcare quality for remote and marginalized populations.
Four of IndiaAI’s responsible AI solutions to go live on AIKosha from September
Safe & Trusted AI and IndiaAI Application Development Initiative are among the seven pillars of the Rs 10,000 crore IndiaAI Mission. The others are the IndiaAI Compute Capacity, IndiaAI Innovation Centre, IndiaAI Datasets Platform, IndiaAI FutureSkills and IndiaAI Startup Financing. The government had last year invited expressions of interest for RAI tools and received about 2,000 applications.
Most Indian companies value succession, only a few chart out formal plans
A TimesPro report reveals that most Indian companies acknowledge succession planning. However, only a small fraction have implemented formal strategies. Succession planning is a low priority for many. Experts warn of strategic drift and reputational damage. The IT sector leads in formal succession plans. Many organizations lack board members under 40.
Dixon seeks government nod for tie up with China's HKC to make display modules
Dixon Technologies is partnering with HKC for display module manufacturing. The company has applied for government approval. Dixon is also exploring partnerships for diodes and components. They are collaborating with Dassault for smart manufacturing. Dixon aims for 'lighthouse factory' recognition. The company is satisfied with the current PLI scheme. Dixon plans significant investments in components and display modules.
India’s listed digital firms’ market in early days as ‘reverse flipping’ gains steam: Bay Capital
The white paper noted that publicly listed digital-first companies in India are now valued at over $90 billion. As more businesses turn profitable and scale up, the overall value of India’s digital sector is expected to rise steadily, it added.
Merc, Skoda-VW may make in India, Tesla to stay away: Musk’s electric car co only interested in setting up sales outlets, says Kumaraswamy
India's new EV scheme allows carmakers to import 8,000 units at reduced tariffs if they establish local manufacturing. Mercedes-Benz, Skoda-Volkswagen, Hyundai, and Kia have expressed interest, while Tesla seeks only to open showrooms. The scheme aims to boost India's EV manufacturing hub status, requiring domestic production within three years and a minimum investment of Rs 4,150 crore.
16 illegal Bangladeshi Nationals apprehended in Delhi's Seemapuri area
Delhi Police arrested sixteen Bangladeshi citizens in Seemapuri. The individuals included men, women, and children. They entered India without valid documents. Police acted on intelligence regarding illegal movement near the Uttar Pradesh border. The group confessed to crossing the border years ago due to poverty. They worked at brick kilns in Haryana. Authorities have initiated deportation proceedings through the FRRO.
Relief for households as edible oil prices set to dip after import duty cut
Good news for Indian households. Cooking oil prices are set to decrease. The central government has reduced import duties on crude edible oils. This decision will lead to a 5-6% drop in retail prices within two weeks. Wholesale markets are already showing signs of price softening. Mustard oil prices may also see a reduction.
Asian underdog & global biggies hit accelerator when Musk dodges desi market challenge
Vietnam’s Vingroup is entering India’s growing EV market through its arm VinFast, just as Tesla, after years of delay, prepares for its India launch. VinFast plans to open an assembly plant in India by June, backed by a $2 billion investment in Tamil Nadu. Although VinFast doesn’t see Tesla or BYD as direct competitors, India’s crowded EV space—with players like Maruti Suzuki, BYD, Hyundai, and MG Motors—poses challenges.
Xander Group looking to offload 3.5m-sq-ft warehousing portfolio
Xander Group is divesting its 3.5 million sq ft warehousing portfolio across Chennai, Mumbai, and Kolkata, seeking a valuation exceeding ₹2,000 crore. The portfolio, built over the last four to five years, comprises fully leased Grade A properties with long-term leases. Advisors have been appointed to explore sale options amidst rising institutional interest in India's logistics sector.
Swedish firms upbeat on India's investment climate: Survey
A recent survey by the Swedish Chamber of Commerce India indicates a positive outlook on India's business environment, with many companies anticipating increased turnover, particularly in construction, aerospace, IT, and electronics.
Target locked: India’s homebuilt weapons outclass Chinese imports
Operation Sindoor wasn’t just a battlefield success for India—it was a decisive demonstration of homegrown military strength. While Pakistan fielded Chinese-made weapons and struggled, India relied on its indigenously developed systems under Make in India and Atmanirbhar Bharat. According to military expert John Spencer, India’s sovereign arsenal proved superior. The campaign signalled not only military dominance but also a shift in global defence credibility. Indian defence firms soared in the markets, while Chinese firms saw sharp declines as their weapons underperformed.
Schaeffler India invests Rs 1,700 cr in 3 years to expand local capabilities
Schaeffler India has invested Rs 1,700 crore over three years to expand its capabilities in powertrain and e-mobility solutions. The company inaugurated a new manufacturing plant in Tamil Nadu, focusing on conventional and electrified powertrain technologies for the domestic market. This expansion aims to meet rising market demands and support the 'Make In India' initiative.
Outdated fertiliser rules favour imports over domestic production: Industry
Industry bodies are criticizing India's outdated fertilizer regulations, claiming they favor Chinese imports over domestic manufacturers, hindering the "Make in India" initiative. The current framework, governed by both central and state authorities, imposes excessive compliance burdens on local startups, requiring multiple licenses and infrastructure in each state.
PM Modi to inaugurate Dahod Locomotive Manufacturing Workshop today
Ahead of Prime Minister Modi's visit, Dahod is buzzing with excitement for the inauguration of the Locomotive Manufacturing Workshop, a significant achievement for Indian Railways. Built in just three years, the workshop aims to produce 120 locomotives annually, potentially scaling up to 150.
Trump tariff push to make iPhones dearer for US market, labour cost may rise 13 times: Experts
US tariffs on imported iPhones will increase prices due to higher duties and production costs. Relocating Apple’s supply chain from Asia to the US is impractical and expensive. India remains a vital manufacturing hub, benefiting from lower labour costs and incentives, while US tariffs threaten Apple’s profit margins.
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