MoD inks Rs 53,866.50 crore contracts with GRSE & GSL for 8 Next Generation Corvettes for Indian Navy

Under the contracts, GRSE will construct five corvettes, while GSL will construct the remaining three. #Defence

UPI recorded 25.47 billion transactions in October, up 23% year-on-year. Transaction value reached ₹31.53 lakh crore (+16% YoY), the highest on record. Average daily value rose to ₹1.01 lakh crore from ₹97,913 crore in September. #Economy

📍Hanoi, Vietnam: NSA Ajit Doval meets with top Vietnam official- General Phan Van Giang

He is the Politburo Member of the Central Committee of the Communist Party, Deputy Prime Minister & defence minister

#ForeignAffairs

Three South Korean auto-component makers committed ₹1,614 crore in Anantapur, Andhra Pradesh. Hwashin allocated ₹850 crore (100 jobs), Seoyon ₹514 crore (918 jobs) and Iwamet ₹250 crore (400 jobs), for a total of 1,418 jobs. The firms supply Hyundai and Kia. #Automobile #Jobs

DGCA Mandates Two Pilots on Helicopters Flying to Char Dham After Crash Kills 6 in Uttarakhand.

Following a helicopter crash that killed six people in Uttarakhand's Chamoli district, the Directorate General of Civil Aviation (DGCA) has mandated two pilots for all Char Dham helicopter charter flights from November 2.

Operators must also obtain prior destination and en-route clearances for every flight sector. However, helicopter operators have threatened to suspend services in protest against the new directive.

#policy #aviation

SEBI proposes tax relief to support the market:

🔘SEBI has suggested scrapping the 12.5% Long-Term Capital Gains (LTCG) tax on foreign investors

The goal is to re-energize the stagnant equity market.



🔘Domestic mutual fund investors may also get LTCG tax relief

This relief will apply when they sell existing holdings and reinvest the money into new schemes (specifically, switching units held for more than a year will not be treated as a taxable sale).

These proposals are non-binding in nature and await the final government nod before being implemented!!

#policy #Finance

📰Source - ANI

🚀 Schneider Electric Infrastructure has approved a ₹211 crore expansion at its Kolkata facility to boost vacuum interrupter capacity by 50% to 375,000 units and add a new manufacturing line for 18,000 circuit breakers annually. this phase-three project targets full completion by FY 2028-29 to meet booming domestic and export demand. #MakeinIndia

🔗 Read more

🚀 Vinati Organics is investing ₹500 Cr in a greenfield capex to drive import substitution across specialty resins, water treatment, oilfield applications, fragrances, and personal care, with projects scheduled to be fully operational within the next two years. #MakeinIndia

🔗 Read more

🚀 Honda (HMSI) is investing ₹2,420 crore to boost its manufacturing capacity by 13.2 lakh units across its Gujarat and Rajasthan plants, targeting a total capacity of 80 lakh vehicles by 2028.

This capital infusion will fund the expansion of its ICE commuter stronghold, a rollout of premium global motorcycles, and the scaling of its new electric vehicle (EV) lineup to counter rising market competition. #Automobile #MakeinIndia

🔗 Read more

The Supreme Court has permitted bursting of green firecrackers in Delhi-NCR on November 7 and 8, 2026 while allowing people to burst them during designated morning and evening hours on the eve of Diwali and the festival day.

A bench of Justices MM Sundresh and Prasanna B Varale allowed the bursting of green crackers between 6 am and 7 am and again from 8 pm to 10 pm on both days.



#policy #judiciary

📰Source

Gulf-based investors and NRIs are aggressively pivoting toward India's AI infrastructure and space tech sectors, contrasting a broader slowdown in traditional markets. Driven by major funding pushes from data firm Yotta and space startup Pixxel, this deeptech wave defies local currency depreciation as investors seek high-growth private placements. #Startups

🏭 India's manufacturing PMI eased to 54.7 in October from 55.1 in September, but remained in expansion.

📈 New export orders hit a six-month high, supporting factory output.

💰 Input cost inflation fell to its lowest level since February. #Economy
🔗 Swarajya

BIG: India's First Commercial GaN (Gallium Nitride) Semiconductor Fab to Come Up in Dholera , Gujarat

🔹 Crystal Matrix Ltd to invest ₹3,068.45 crore over 3 years
🔹 Target: 72,000 to 100,000 6-inch GaN-on-sapphire wafers annually
🔹 9,000 to 24,000+ sq m of RGB display panels annually
🔹 Integrated ATMP unit for Mini/Micro-LED modules
🔹 Applications: smart TVs, smartphones, wearables, automotive HUDs, XR glasses, defence

Here is the Plant model shown in above pic.

#semiconductor #electronics

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Indian Railways will get 260 Vande Bharat Sleeper trains in next 3 years from 3 vendors

1️⃣ KINET, Latur, Maharashtra: 120
2️⃣ Titagarh, West Bengal: 80
3️⃣ ICF Chennai: 60

Source- PIB

#railways #infra

The Commission for Air Quality Management (CAQM) invoked GRAP Stage II across Delhi-NCR with immediate effect after Delhi's Air Quality Index (AQI) rose to 324 (entering the "Very Poor" category) #Policy

PM Modi will inaugurate Pune Metro 23.3 KM long Line 3 (Pink Line) Tomorrow.

Total length of Pune Metro will reach 56.4 KM

#Metro #Infra

Massive Win for the Republic

For the first time in 47 years, CRPF has completed 12 consecutive months without an operational fatality, which is country's largest Paramilitary Force.

Source

#NationalSecurity