In a significant initiative to revitalise Jammu and Kashmir’s traditional carpet weaving industry, the government has launched a scheme to distribute modern looms to local artisans. The move aims to enhance productivity, improve design quality, and increase global competitiveness for one of the region’s most iconic crafts. The upgraded looms are expected to help weavers reduce manual strain, speed up production, and maintain the intricate artistry that distinguishes Kashmiri carpets.

In a major push toward enhancing regional air connectivity in Himachal Pradesh, the Central Government has sanctioned funds for the expansion of Kangra Airport. The project aims to increase the airport’s capacity, extend the runway, and improve passenger amenities to support larger aircraft operations. The initiative aligns with India’s broader regional connectivity mission under the UDAN scheme, designed to strengthen tourism and trade links in hilly regions.

In a significant development for India’s electric mobility ambitions, the Haryana government has extended an invitation to Tesla Inc. to set up a manufacturing facility in the state. The move comes amid the central government’s efforts to attract global electric vehicle (EV) manufacturers under its renewed investment and localization policies. Haryana, already a major automotive hub, aims to position itself as a frontrunner in India’s EV ecosystem by offering incentives, infrastructure, and a skilled workforce to global players like Tesla.

In a step toward advancing the quality and safety of protective textiles, Indian researchers have developed a suite of thermal testing instruments designed to evaluate the performance of fabrics under extreme heat and fire exposure. This innovation marks a significant milestone for India’s growing technical textile sector, offering reliable, indigenous testing solutions that align with global safety standards.

The Insolvency and Bankruptcy Board of India (IBBI) has issued a critical clarification concerning the restitution of assets attached by the Enforcement Directorate (ED) under the Prevention of Money Laundering Act (PMLA), particularly in cases where such assets belong to companies undergoing insolvency resolution. The move aims to balance the objectives of insolvency law—reviving distressed businesses and ensuring creditor recovery—with the need to uphold due process under anti-money laundering statutes.

The Indian Gas Exchange (IGX) Gas Price Index witnessed an 11% year-on-year decline in October, reflecting a moderation in global liquefied natural gas (LNG) prices and subdued domestic demand. Despite short-term volatility, India’s natural gas market continues to show signs of structural maturity, driven by expanding infrastructure and policy reforms aimed at deepening gas-based energy usage.

The Comptroller and Auditor General of India (CAG) has initiated the creation of centralised audit cadres across its offices to strengthen accountability, streamline operations, and improve the consistency of financial audits nationwide. This structural reform aims to standardise audit processes, optimise resource allocation, and ensure greater transparency in the examination of government expenditure.

Emirates NBD Bank, one of the Middle East’s largest financial institutions, will open a public offer to acquire up to 26% of RBL Bank starting December 12, 2025. The open offer, priced at Rs. 280 per share, is part of Emirates NBD’s broader plan to secure a 60% stake in the Indian private lender through a preferential share issue and open market purchase. If fully subscribed, the open offer could amount to Rs. 11,636 crore, marking one of the largest foreign investments in India’s financial sector.

India’s seafood industry, a major pillar of the country’s agri-export basket, is facing renewed headwinds as the United States considers higher import tariffs on certain marine products. The US, which accounts for nearly one-third of India’s seafood exports, remains a vital market for shrimp and frozen fish. However, with protectionist trade measures tightening, exporters are exploring opportunities in Japan, China, the European Union, and West Asia to diversify their customer base.

Logistics major Delhivery Ltd. has launched Freight Index One (FIX1), a pioneering data-driven benchmark designed to bring greater transparency and standardization to India’s logistics sector. The index will track and analyze truck freight movement across key transportation corridors in the country, offering valuable insights to shippers, transporters, and policymakers.