The Centre is drafting an integrated tax framework for the #textile sector, covering GST on products and inputs, customs duties on raw materials and machinery, and anti-dumping duties on specific fibre and yarn imports, to enhance tax certainty and reduce value chain costs. #Economy

India’s petroleum #exports earnings rose ~50% YoY to ₹2.59 lakh crore (Apr–Sep 2026), despite a 16% volume drop.

Diesel exports gained 58% to ~₹1.2 lakh crore (volume -19%); petrol earnings rose 21% to ₹58,000 crore. Diesel and petrol comprised ~70% of total earnings.

Domestic consumption rose 5% (diesel) and 7% (petrol), while production dipped slightly. #Oil

✈️ Pratt & Whitney signs >$40M multi-year supply deals with Bharat Forge, IAMPL, Godrej, and Indo MIM.

| 📈 On track for $150M annual sourcing from India by 2030; RTX parent already sources >$500M/year.
| 🔧 Full value chain coverage: castings, forgings, bars/billets to finished components, plus capability building in raw materials and special processes.
| 🛡️ Pushing for sector-specific PLI for high-value aero parts following a supplier event to expand collaboration.
#Aviation

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☀️ Microtek invests Rs400 cr to accelerate solar growth

🏭 New solar panel plant in Jaipur, operational Nov 2026
🔋 Launching BESS and lithium storage
🔌 Portfolio: power generation, distribution, conditioning, storage (inverters, UPS, batteries, wires, solar panels) #Solar #Batteries

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🚢 India & Russia to do pilot voyage on Northern Sea Route in 2027

| 🗓️ 80th yr of ties, MoU by Dec'26 | 🧊 5,600km route (Kara Strait to Bering), 40% shorter vs Suez, needs Rosatom nuclear icebreakers
| 🛢️ For crude, LNG, fertilizers, critical minerals. #Ports

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HSBC Flash India PMI Composite Output Index rose to 56.7 in October from 55.9 in September. Reading marks four-month high and fastest growth since June. Survey shows faster expansion in manufacturing and services on higher new orders. #Economy

Gross office leasing across India’s top seven markets hit a record 61.06 million sq ft in the first nine months of 2026, while net absorption rose 5.3% YoY to a record 41.96 million sq ft (JLL data). New completions reached 43.7 million sq ft, the highest for this period post-Covid. #Economy

Uttar Pradesh plans to acquire nearly 8,200 hectares for three greenfield expressways at over ₹15,000 crore. The 565-km network covers 320-km Vindhya, 145-km Meerut-Haridwar and 100-km Vindhya Purvanchal Link. Land spans about 650 villages; UPEIDA develops the projects. #Economy

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BREAKING | Karnataka S.I.R : Final electoral roll released

- More than 99.32 lakh names deleted #Policy

LTTS signs 5-yr India R&D deal with Nokia to establish a dedicated Offshore Development Center and engineering team for Nokia Technology Center.

Scope covers product engineering, NPD, embedded systems, SW dev, system integration, and support, focusing on 5G, intelligent automation, and AI-driven ops/infra.

This aligns with LTTS Lakshya 31; Nokia cites India as a key innovation hub for the AI supercycle, with IP Networks sales up 43% in Q3. #Jobs

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🇵🇱 Poland’s WB Group to invest $100M in India over 3-5 yrs for unmanned systems mfg

| 🏭 Via JV WB Electronics India Pvt Ltd, acquired space in UP Defence Industrial Corridor (Jhansi node) for manufacturing + R&D facilities
| 🛩️ Battle-proven #drones: used in Op Sindoor + Ukraine Frontline loitering munitions & multi-class UAVs
| 🤝 goal to make India drone champion, ToT 40% to 100%, eyes Make in India + future #exports. #MakeinIndia

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Extreme poverty has declined sharply in India!!

Share of population living below $3/day . Data set from -2015 → 2023

🇮🇳 India: 27.1% → 2.6%
🇨🇳 China: 2.9% → 0%
🇺🇸 U.S.: 1.2% → 1.2%
🇯🇵 Japan: 0.4% → 1.2%
🇬🇧 UK: 0.3% → 0.4%
🇩🇪 Germany: 0.1% → 0.7%
🇫🇷 France: 0.1% → 0.1%

🌍 World: 13.4% → 10.5%


🇮🇳 India recorded the biggest decline among the countries listed: 24.5 percentage points.

India’s earlier figure is for 2011; other earlier figures are for 2015. Latest available years vary by country.

#policy

For more details - World Bank Country Profiles

HCLTech and Japan's Rapidus open 2 #semiconductor development centres in Bengaluru and Hubli. Centres handle mask design, process design kit development and layout design. Partnership builds Indian engineering talent pipeline for Rapidus Japan operations.

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🔌 TARIL to Invest ₹1,250 cr for 3 Plants in Gujarat

| 📍 At Chiyada complex, to make bushings (OIP, RIP, RIF) up to 800 kV, pressboard & insulation materials, CTC for high-voltage transformers

| 💰 Investment via wholly-owned subsidiary, construction started Dec'25, commercial ops Q1 FY28, 1,000+ direct #jobs.

#MakeinIndia #Power

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Hindusthan National Glass plans to invest ₹300-500 crore in the next five months to increase capacity.

Current operational capacity is 2,500-2,600 tonnes per day against 4,300 installed; the Bahadurgarh furnace capacity doubled to 600 tpd.

The company has invested ₹700 crore since its ₹2,250-crore acquisition in September 2025. #MakeinIndia

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Kerala Pradesh Congress Committee (KPCC) has tendered an unconditional apology to Chief Justice of India Justice Surya Kant over a controversial post published on the official X account of the Congress Kerala unit.