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  • TATA AutoComp and Skoda Group have formed a joint venture with a multi-million euro investment to manufacture railway propulsion systems and components in India. This partnership aims to support the growing Indian railway and mobility markets, focusing on converters, drives, and auxiliary converters for various rail vehicles.

    India is rapidly becoming the top warehousing destination in Asia-Pacific, with nearly 70% of regional occupiers planning expansion here, according to a CBRE survey. This surge reflects evolving supply chains, rising domestic consumption, and modern infrastructure. Despite cost concerns and economic uncertainties, occupiers prioritize high-quality, sustainable facilities, driving growth in emerging logistics hubs and technological investments.

    Two IndiGo flights returned shortly after takeoff due to technical issues. On Wednesday, a Delhi-bound flight from Patna with 175 passengers returned after a bird hit caused engine trouble. A day earlier, an Indore-Raipur flight with 51 passengers returned due to a technical fault after flying 60 nautical miles.

    Whiteland Corporation has secured Rs 250 crore and is in talks for another Rs 400 crore to finance its Westin Residences Gurugram project, a Rs 4,000 crore investment. The 20-acre development will feature 1,700 homes and is expected to generate Rs 15,000 crore in revenue. Construction contracts worth Rs 2,000 crore have been awarded.

    The NBFC and insurance segments are expected to perform better in the second half of FY26, supported by a friendlier regulatory environment and continued growth push from both regulators and the government, according to a report by Emkay Research.

    The University Grants Commission (UGC) has instructed higher education institutions to monitor informal WhatsApp groups used for junior harassment, classifying it as ragging. This directive comes in response to numerous complaints from freshers, with the UGC emphasizing that such actions will result in strict disciplinary measures under anti-ragging rules.

    A preliminary report on the Air India crash that killed 260 people in June is expected soon, potentially revealing early details into the disaster. The investigation focuses on engine fuel control switches and possible thrust loss after takeoff. The crash challenges Air India's restoration efforts and India's aviation hub ambitions, prompting a safety review.

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India bonds dip on RBI liquidity move, weak US Treasuries

Indian bonds experienced a decline on Wednesday. This downturn was influenced by the Reserve Bank of India's strategy to reduce liquidity. Weakness in U.S. Treasury bonds also contributed. The yield on the benchmark 10-year bond increased. The RBI plans a two-day variable rate reverse repo. Market awaits clarity on a potential U.S.-India trade deal.

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