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One of the biggest Indian industrialists and former chairman of the Tata Group, Ratan Naval Tata, 86, passed away at a Mumbai hospital on October 9, 2024.

Highlights include PM Modi laying the foundation for $914 million development projects in Maharashtra, while RBI maintains repo rate at 6.50% and projects 7.2% GDP growth for FY25.

India aims to achieve 500 GW of non-fossil fuel capacity by 2030, with solar energy playing a crucial role. States like Gujarat, Rajasthan, and Karnataka have emerged as solar energy hubs, contributing significantly to India's renewable energy goals.

Minister of New and Renewable Energy, Pralhad Joshi, announced at the Hamburg Sustainability Conference that India will invest $25 million to establish hydrogen hubs at Deendayal, Paradip, and V.O. Chidambaranar ports, supporting the country’s green shipping ambition. Joshi also highlighted India’s renewable energy growth, with a 175

India signed contracts for 15 billion cubic metres of natural gas from post-Final Investment Decision (FID) projects between January and August 2024, according to the International Energy Agency (IEA). Globally, 50 BCM of gas contracts were inked during this period, with India cornering the largest share at 30%.

The Shipping Ministry is finalising regulations requiring international container lines operating in Indian waters to reserve at least 5% of their cargo space for domestic operators. Additionally, vessel-sharing agreements among container lines must also ensure a 5% reservation for domestic cargo movement. These new rules aim to strengthen business for

India is in talks with UAE, the fourth largest foreign investor in 2023 with $3.5 billion in Foreign Direct Investment (FDI), to increase its pledged $75 billion investment to $100 billion, Commerce and Industry Minister Piyush Goyal announced on Monday. Mr. Goyal also revealed the UAE's decision

Defence Minister Rajnath Singh announced a renewed focus on developing India’s defence ecosystem. He highlighted initiatives like defence industrial corridors, positive indigenisation lists (PILs), and the corporatisation of the Ordnance Factory Board. Singh urged increased private sector involvement and called on foreign companies and Original Equipment Manufacturers (OEMs) to