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Tuesday, 27-May-2025
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Telangana clears Hyundai's plan to set up Rs 8,528 crore global R & D centreThe Hindu Business Line
27-May-2025
The Telangana Government has formally approved a previously announced investment of ₹8,528 crore by the Korean automobile major Hyundai to set up a Global Innovation Research and Development Centre at the National Investment and Manufacturing Zone (NIMZ) in Zaheerabad, Telangana. |
TaMo pushes for PV exports, starts with Sri Lanka, MauritiusThe Hindu Business Line
27-May-2025
Indian automaker Tata Motors is making a strong push for the export of its passenger vehicles (PVs) and has already started sales in Sri Lanka and Mauritius from the fagend of FY25 with its internal combustion engine (ICE) and electric vehicles (EVs) respectively. |
RBI seeks nod for overseas rupee lending by domestic banks to neighboursThe Hindu Business Line
27-May-2025
In a move to internationalise the rupee, the Reserve Bank of India is seeking approval from the Centre to allow domestic banks and their foreign branches to lend the currency to overseas borrowers for the first time, two sources said. The move aims to enhance the use and acceptability of the local currency in trade. |
NMDC kicks off index-based iron ore pricing ‘on a trial basis’The Hindu Business Line
27-May-2025
India has started experimenting with indexbased iron ore pricing mechanism — on global lines like the London Metal Exchange or Platts. The experiment aimed at better marketlinked price discovery — and easier royalty calculations — is a bold move which the Staterun miner NMDC Ltd kicked off from April. |
Zinc: Hold the longs at Rs 258, exit at Rs 272The Hindu Business Line
27-May-2025
Zinc prices have been consolidating for over a week now. The zinc futures contract traded on the Multi Commodity Exchange (MCX) has been stuck between ₹255 and ₹262 per kg over this period of time. Within this range, the contract is currently trading near the lower end of this range at ₹257. The level of ₹255 is a strong trendline support as well. So, a break below it might not be easy. We can expect the contract to sustain above ₹255 and rise back towards ₹262 in the coming days. |
Trump tariffs threaten India’s renewables pushThe Hindu Business Line
27-May-2025
Global cooperation on clean energy once seemed immune to geopolitics. Trump’s proposed “reciprocal” tariffs on clean energy technologies, though paused pending negotiations, however, mark a shift towards economic nationalism. US’ transactional, zerosum approach threatens to displace principles of rulesbased multilateralism, precisely when global climate imperatives demand the opposite. |
PM: Shouldn’t we stop using foreign goods in our homes?The Hindu Business Line
27-May-2025
Encouraging people to buy ‘MadeinIndia’ products, Prime Minister Narendra Modi, during his visit to Dahod in Gujarat on Monday, wondered if we should not stop using foreignmade goods in our homes. “My brothers and sisters in Dahod, please tell me, should we not stop using foreign goods in our homes, when the products being manufactured in India have made a mark globally?” he asked during an event to launch India’s first 9000 HP locomotive engine, among other projects worth ₹24,000 crore. |
FPI inflows so far in May highest in 8 mthsbusiness standard
27-May-2025
India Pak ceasefire, prospects of US trade deal cause rebound |
Rodtep scheme benefits restored for SEZs, EOUsbusiness standard
27-May-2025
starting June 1 this year. |
PM flags off first 9,000 HP electric loco engine in Gujaratbusiness standard
27-May-2025
a locomotive manufacturing shop, and rolling stock workshop built ata cost of ₹ 21,405 crore in Gujarats Dahod. |
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