Minister urges auto industry to deepen localisation, focus on EV technology

IANS | September 2, 2026 1:31 PM

New Delhi, Sep 2 (IANS) Union Minister for Heavy Industries H.D. Kumaraswamy on Wednesday urged the automotive and auto component industry to step up investments in technology, design and domestic value addition, saying India's electric mobility transition should not be judged merely by the number of electric vehicles sold.

India’s data centre capacity expected to jump to 6 GW by 2029

IANS | September 2, 2026 1:17 PM

New Delhi, Sep 2 (IANS) India’s data centre industry is expected to surge from 1.6 GW as of June 2026 to 6 GW by 2029, requiring about $110 billion in capital and driven by AI workloads and hyperscale cloud deployments, a report said on Wednesday.

The Storm set the paper, India topped the World

Aman Sinha | September 2, 2026 12:50 PM

New Delhi, Sep 2: A storm is the most honest examiner in economics. It sets the same paper for every economy at the same hour, and it marks without mercy. The past thirteen months were such an examination. The steepest American tariffs faced by any major trading nation. An oil shock. The Hormuz disruption. A supply chain squeeze in every part of the world.

ICICI Bank raises $17.88 billion under RBI's FCNR(B) swap facility

IANS | September 2, 2026 11:35 AM

New Delhi, Sep 2 (IANS) ICICI Bank has mobilised about $17.88 billion through foreign currency non-resident (FCNR-B) deposits under the Reserve Bank of India's special dollar-rupee swap facility, the lender said in an exchange filing on Wednesday.