In a significant step toward India’s semiconductor self-reliance, SiCSem Technologies has announced plans to establish a state-of-the-art semiconductor manufacturing facility in Odisha. The proposed plant, expected to entail a multi-thousand-crore investment, will focus on silicon carbide (SiC) chip production—a critical component for electric vehicles, renewable energy systems, and advanced electronics.

Ashok Leyland Ltd., one of India’s leading commercial vehicle manufacturers, posted a robust 16% year-on-year increase in sales for October, reflecting a steady resurgence in industrial and logistics activity. The company’s strong performance was powered by higher demand across medium and heavy commercial vehicles (M&HCVs), as well as growth in the light commercial vehicle (LCV) segment. Analysts attribute this uptick to festive-season momentum, infrastructure expansion, and fleet modernization.

Union Minister Jyotiraditya Scindia has spotlighted the remarkable transformation of India Post, emphasizing its evolution from a traditional mail service into a modern, technology-driven institution at the heart of India’s financial and digital inclusion. Speaking at a recent event, Scindia noted that India Post’s extensive network, digital infrastructure, and financial services have become vital components of the government’s vision for a connected, inclusive economy.

In a significant step toward advancing India’s electric mobility ecosystem, Jio-bp, the joint venture between Reliance Industries and bp, inaugurated a new EV charging hub in Devanahalli, Bengaluru. Positioned strategically near the Kempegowda International Airport, the facility aims to support the growing demand for electric vehicle (EV) infrastructure in one of the country’s fastest-growing urban corridors.

Swiggy, one of India’s leading food delivery and quick-commerce platforms, reported a net loss of Rs 1,092 crore for the second quarter, marking a substantial widening from the previous year. Despite continued revenue growth, the company’s profitability remains under pressure due to escalating marketing expenses, increased competition, and expansion into new business verticals like Instamart. The results reflect the broader challenges confronting India’s food-tech sector, as players balance growth ambitions with the pursuit of sustainable margins.

HDFC Bank has extended the tenure of Kaizad Bharucha as its Deputy Managing Director (DMD), reinforcing stability within its top leadership team amid ongoing integration and expansion efforts. Bharucha, a veteran banker with more than three decades of experience, has played a pivotal role in the bank’s risk management, corporate banking, and compliance operations. His reappointment comes as HDFC Bank continues to strengthen its governance framework and sustain growth momentum following its merger with HDFC Ltd.

Investigative portal Cobrapost has alleged that companies within the Anil Ambani-led Reliance ADA Group were involved in large-scale fund diversion through complex offshore transactions and shell entities. The report claims that the conglomerate used a network of intermediaries to channel money abroad, potentially violating foreign exchange and corporate governance laws.

India’s Finance Minister Nirmala Sitharaman embarked on a two-day official visit to Bhutan, reaffirming New Delhi’s enduring commitment to its Himalayan neighbor through enhanced economic cooperation and strategic collaboration. The visit focused on bilateral development partnerships, energy cooperation, and financial connectivity, underscoring India’s pivotal role in Bhutan’s economic modernization.

Uttar Pradesh Chief Minister Yogi Adityanath reaffirmed the government’s commitment to improving the livelihoods of farmers, highlighting that agricultural welfare has been a top policy priority since 2014 under the leadership of Prime Minister Narendra Modi. Speaking at an agricultural development event, Adityanath outlined a series of reforms and initiatives aimed at transforming the rural economy — from improved irrigation infrastructure and crop insurance to digital payments and market reforms.

Commerce and Industry Minister Piyush Goyal has urged India’s electronics manufacturing sector to embrace self-reliance and technological innovation to reduce import dependence and enhance global competitiveness. Addressing industry leaders, Goyal emphasized the need to strengthen domestic supply chains, foster component manufacturing, and create globally recognized brands under the ‘Make in India’ initiative.