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Highlights include PM Modi attending the BRICS summit in Russia, India strengthening global ties through education partnerships with Singapore and Australia, naval exercises with Quad nations, and plans for a critical mineral partnership with the US.
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Amid growing diplomatic tensions between India and Canada, India is reconsidering the Indian Army's plan to purchase Ontario-produced Stryker armoured vehicles. Instead, the focus is shifting towards developing defence equipment domestically. The most capable armoured infantry combat vehicle in India is produced by the Defence Research and Development
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Following the opening of a second Taiwan de facto consulate in Mumbai, China advised India to handle Taiwan issues with caution and avoid interference in the improvement of Sino-India relations. Mao Ning, a spokesperson for the Foreign Ministry, stated that China is against any efforts by any of its allies
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India and Turkey announced the constitution for the Indo-Turkiye Friendship Association (ITFA) to foster cooperation in economy & trade, culture & tourism, science & technology, and education between the two countries.
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The government announced its plan to sell up to a 5% stake in Cochin Shipyard through an Offer for Sale (OFS) aimed at raising approximately $244 million (Rs 2,026 crore). The sale will begin on Wednesday for non-retail investors and will open to retail investors on Thursday, with a
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India’s Adani Power Ltd, Jindal Power Ltd, Vedanta Group and Orissa Metaliks Pvt Ltd are among seven companies that have made a formal bid to take over the distressed 1,350 MW Sinnar Thermal Power Ltd.
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The Reserve Bank of India (RBI) Governor, Shaktikanta Das, said RBI could consider widening the scope of the Real Time Gross Settlement System (RTGS) to the settlement of transactions in US dollars, euros and pound sterling.
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The Minister of Petroleum and Natural Gas, Hardeep Singh Puri, said India is set to achieve its 20% ethanol blending target well before the revised October 2025 deadline.
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