109 results for “Economy & Banking”
India’s semiconductor market is projected to expand from about USD 64 billion in 2026 to USD 200 billion by 2035, while another estimate places the market at USD 300 billion by 2035. The market was valued at about USD 27 billion in 2021, and semiconductor imports rose from USD 5.7 billion in FY17 to USD 30.3 billion in FY25.
Assam Chief Minister Dr. Himanta Biswa Sarma laid the foundation stone for a 3,200 MW ultra-supercritical thermal power plant at Chapar in Dhubri district, lower Assam, on 20 September 2026. The project is being developed by Adani Power Limited with an estimated investment of ₹48,000 crore and is planned as the largest power plant in the North-East region.
Gwalior in Madhya Pradesh is set to host Asia’s first Telecom Manufacturing Zone (TMZ) with an estimated investment of ₹5,500 crore. The project has received investment proposals from 24 companies and is projected to create more than 18,000 direct jobs.
Stellantis India acquired the remaining stake held by Hindustan Motor Finance Corporation Ltd. in Stellantis Automobiles India Private Limited on 21 September 2026. The transaction gave Stellantis full ownership of the Tiruvallur manufacturing facility in Tamil Nadu and placed the plant under complete control of Stellantis Automobiles India Private Limited.
Indian Oil Corporation approved an investment of ₹2,448.70 crore for the Kochi-Kanyakumari-Thoothukudi Natural Gas Pipeline project on 21 September 2026. The pipeline will cover 424.65 kilometres and connect Kochi in Kerala with Thoothukudi in Tamil Nadu through the Kanyakumari region.
The number of active non-governmental organisations registered under the Foreign Contribution (Regulation) Act, or FCRA, fell from 29,022 in 2015 to 14,466 on 18 September 2026. Foreign contributions to FCRA-registered NGOs rose from ₹17,832 crore in 2015-16 to ₹22,974 crore in 2024-25.
Indian Railways approved the doubling of the 10.86-km Chouk-Karjat railway section in Maharashtra on 18 September 2026. The project has an approved cost of ₹497 crore and falls under the Central Railway zone.
India’s Directorate General of Foreign Trade (DGFT) approved applications from seven companies to import 642 cars from Britain on 16 September 2026. The allocation was made under the tariff rate quota (TRQ) provisions of the India-UK Comprehensive Economic and Trade Agreement (CETA), which came into effect on 15 July 2026.
Lam Research announced on 16 September 2026 an investment of about ₹10,000 crore, or around US$1.04 billion, in India over several years. The plan covers the company’s first silicon component manufacturing facility in India and an expansion of its advanced research and development operations in Bengaluru.
Fujifilm has announced a greenfield semiconductor materials manufacturing facility in India with a total investment of about ₹800 crore, or around USD 83 million. The project will be implemented in two phases, with Phase 1 scheduled to begin in October 2026 and commercial production expected in fiscal year 2028.
The United States Federal Reserve raised its benchmark interest rate by 25 basis points on 16 September 2026. The Federal Open Market Committee voted 12-0 to lift the federal funds target range to 3.75% to 4.00%.
Mazagon Dock Shipbuilders Ltd (MDL) announced on 15 September 2026 a plan to invest about ₹27,000 crore in a greenfield shipbuilding cluster at Dighi in Raigad district, Maharashtra. The project is linked to a Memorandum of Understanding with National Shipbuilding and Heavy Industries Park Maharashtra Ltd (NSHIPML) and is designed as a large industrial shipbuilding facility.