Indian Development News 🇮🇳
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PMO to hold a high-level meeting on Sept 23 to discuss creating India’s own BIG FOUR accounting firms.

AIM : Reduce dependence on global giants.

Govt may ease rules to help domestic firms scale up.

The meeting will be chaired by the Principal Secretary to the PM, with Finance & Corporate Affairs officials present. #aatmanirbharbharat
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Indian Development News 🇮🇳
🇸🇦🤝🇵🇰- Pakistan's Defense Minister Khawaja Asif has said the doors are open for other Arab nations to join the Saudi-Pakistan defense agreement. "What we have, our [nuclear] capabilities, will absolutely be available under this pact," - Khawaja Asif, Pakistan's…
A day after, Pakistan Defence minister Asif said Pakistan nuclear prog can be given to Saudi Arabia under defence pact, he does a U turn. In an interview with Reuters, he says nukes 'not on radar' of the pact. #Geopolitics #IndianSubcontinent
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#Opinion

The top tier H1Bs will be retained by American companies.

The middle tier H1Bs will migrate to UAE or UK or Singapore.

The bottom tier H1Bs will return home and increase competition in the Indian IT job sector. They are not going to build anything valuable.
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🇺🇸🚛 Heavy truck sales in the U.S. are shrinking at a rapid pace.

Heavy truck sales are a good indicator of an upcoming economic recession. #InternationalNews #Economy #NWO

🔗 Barchart
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Safran has submitted a proposal to produce engine for Tejas Mk-2 fighter jets
- Various parameters of the Safran proposal, its engines are being studied by DRDO, no decision taken yet
- This does not mean that F-414 engine has been junked
- Safran had submitted a proposal for setting up an entire eco-system of manufacturing engine in India with two engines: one for LCA AF Mk-2 & the other for AMCA
- A change of engine at this stage would entail a design change in the plane’s structure, as each engine has a different air-intake angle, thrust & power dynamics.

#Aviation #MakeInIndia
https://t.co/r8037mNkRR
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Indian Railways Cuts Rail Neer Prices After GST Reduction; 1 Litre Bottle Now ₹14, Half-Litre ₹9

#Policy
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India’s Forex Reserves up by $4.69 billion to $702.9 billion

• Foreign Currency Asset(FCA) $2.5 Billion
• Gold Holdings $2.1 Billion
• Special Drawing Rights (SDR) $32 Million
• IMF Reserve Postion $9 Million

#Economy
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Sri Lanka’s MAS Holdings & Japan’s Toray to set up a ₹1,211 cr apparel facility in Odisha on 60 acres. The JV is projected to create 10,000 jobs in a decade, boosting Odisha’s role in global textiles and marking a major win for India’s manufacturing. #Textile

https://t.co/qF7fGdd1nG
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Alliance University plans a ₹25 crore green #hydrogen pilot on Bengaluru’s outskirts: solar-powered electrolysis from rain & lake water, oxygen for hospitals, ammonia for fertilisers. If viable, a ₹150-200 cr “hydrogen valley” will follow.

https://t.co/Gj7bxnkgKu
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Sberbank + Indian app Cheq will let Russian tourists use cashless payments in India: register with passport & visa, load via Sberbank, pay via UPI wallet + QR codes. Bypassing card rails, easing travel + sanctions friction.

https://t.co/N89Mwh0BpX
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Oil India, ONGC Videsh & BPRL have recouped ~91% of their $1B in Vankorneft & Taas-Yuryakh, with full recovery expected by FY27. Despite sanctions-linked payment blockages, production of 2.1 MMTOE and rising dividends show overseas bets are paying off. #Oil

https://t.co/Xl7EOdGqFO
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Tata Consultancy Services (TCS) has collaborated with Qualcomm to set up the 'TCS Innovation Lab' in Bengaluru. The lab will focus on creating smart and sustainable Edge AI solutions. This collaboration will help industries use software to work more efficiently and become more efficient. #IT
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MEA statement regarding restrictions to the US H1B visa program. #ForeignAffairs
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Tamil Nadu inks MoUs for two greenfield shipyards in Tuticorin (Cochin + Mazagon Dock) with ₹30,000 cr investment, expected to generate ~55,000 #jobs (10,000 & 45,000 respectively). Anchoring the state’s Maritime Transport Manufacturing Policy 2025. #shipbuilding

https://t.co/DxUL2O00fJ
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Odisha’s Kendrapara is set for a mega #shipbuilding cluster: ₹24,700 cr investment, 1-1.2 million GT/year capacity, 2,000–2,500 acres + 2–2.5 km waterfront. Engine & steel sub-clusters + R&D to follow. A bold move under Maritime Vision 2047.

https://t.co/jnutGQJNgv
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