Japan Credit Rating Agency upgrades India’s rating from BBB+ to A-

IANS | September 2, 2026 2:10 PM

New Delhi, Sep 2 (IANS) The Japan Credit Rating Agency (JCR) on Wednesday upgraded India’s Foreign Currency and Local Currency Long-term Issuer Ratings by one notch from BBB+ to A- and also raised the country ceiling by one rank to A -- citing India's solid economic growth, the effectiveness of economic policies that strengthen the foundations for growth, and the improved soundness of the financial system.

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.

India’s development lessons can help world: Ajay Banga

IANS | September 2, 2026 10:17 AM

Asheville, Sep 2 (IANS) India has reached a stage where its development experience, including digital public infrastructure and technology-led agriculture, can be shared with other countries, World Bank President Ajay Banga has said.