The National Stock Exchange plans to kick off its IPO in mid‑September and list by Sep 25, after regulators issue an observation letter. Existing shareholders will sell 148.9 million shares, a 6% stake, in what could be India's largest bourse offering, with final roadshows beginning next week.
With N. Chandrasekaran set to exit in Feb 2027, Tata Steel CEO T.V. Narendran and Noel Tata’s 32‑year‑old son Neville have emerged as front‑runners. Their mix of group‑deep experience and fresh consumer insight could shape the conglomerate’s next era, while the Tata Trusts’ endorsement will be decisive.
On Aug 14, Reliance Industries and Rolls‑Royce issued a joint press release pledging to co‑design and manufacture a sovereign combat engine for India’s Advanced Medium Combat Aircraft (AMCA). The deal also calls for a dedicated Aerospace Gas Turbine Complex in India, marrying Rolls‑Royce’s propulsion know‑how with Reliance’s manufacturing scale to boost the country’s defence self‑reliance.
A White House analysis flags India as a top hub for illegally rerouting $67 billion of China‑origin goods into the US, costing Washington about $28 billion in lost tariffs. New scrutiny could tighten customs checks on Indian exports, pressuring domestic manufacturers and reshaping trade flows.
The draft regulations let foreign reactor designs with proven overseas track records enter India's nuclear market, but require developers to pass rigorous safety reviews at every stage, from construction to fuel loading. This opens the sector to private capital while keeping regulators able to halt projects, accelerating India's push toward 100 GW of nuclear capacity by 2047.
An Airbus A320 on Air India flight AI2379 dropped 300 feet after hydraulics failed, rendering elevators and ailerons unresponsive for about four seconds. The brief loss of pitch and roll control injured 24 passengers and prompted Airbus to demand extensive hydraulic, sensor and wiring checks, raising safety concerns for the fleet.
The Comptroller and Auditor General flagged 1,902 assessment lapses that left a ₹25,085 crore shortfall, with 1,728 cases under‑assessing ₹23,769 crore. Most gaps stem from the 2017‑18 tax year after demonetisation, exposing weak enforcement and potential revenue loss for the government.
NDB will allocate $7.5 bn to India, $5 bn in sovereign loans and a $2.5 bn rupee‑bond program, to fund projects in transport, clean energy and digital infrastructure while deepening the domestic capital market. The bank says local‑currency financing cuts exchange‑rate risk for borrowers and isn’t a push to de‑dollarise, but a move toward a more diversified international finance architecture.
A Hormuz disruption added roughly $600 million of extra expenses for Hapag‑Lloyd and pushed Maersk’s bunker fuel bill 36% higher to $2.1 billion, even as both carriers lifted freight rates by up to 22%. The squeeze tests whether shippers can pass rising costs downstream or absorb them.
You’re caught up.
That was all 9 stories in the 15 August issue.