India-assembled laptops now account for ~⅓ of sales, up from <5% in Mar-2024, driven by the ₹17,000-cr Production Linked Incentive Scheme. EMS firms like Dixon Technologies are producing for brands including HP, Dell, Lenovo and ASUS. #MakeInIndia #Tech

India will validate an indigenous #AI weather forecasting model after the monsoon, comparing predictions with actual rainfall data. The system will complement the Bharat Forecasting System and is being evaluated by India Meteorological Department to improve early warnings, disaster preparedness, and farm planning. #Environment

Union Cabinet of India cleared final amendments to the Insolvency and Bankruptcy Code: resolution professional cannot act as liquidator, National Company Law Appellate Tribunal must decide cases within 3 months, and clean-slate rule clarified prospectively (not retrospective). #Policy #Reforms

India generated 132.5M e-way bills in Feb, the 3rd highest ever, signalling strong goods movement under Goods and Services Tax. The 3.1% MoM dip vs Jan (136.8M) is seasonal (shorter month), while YoY growth vs Feb 2025 (111.6M) points to resilient logistics and potential strong March GST collections. #Economy

Union Cabinet of India cleared ₹11,944 cr road and rail projects, including an 80-km NH-752D corridor in Madhya Pradesh and an 11-km elevated road linking Noida International Airport to Faridabad. Rail upgrades in WB–Jharkhand will add 31 MTPA freight capacity. #Infra #Railways

Sagar Defence Engineering will build the world’s first autonomous maritime shipyard at Juvvaladinne Fishing Harbour. The facility will develop unmanned surface and underwater vessels, boost indigenous maritime tech and create ~750 jobs. #Ports #Robotics

https://t.co/ZIVxzoWYHs

🇮🇳🤝🇯🇵 Mitsui & Co. has partnered with Kaynes Technology India and AOI Electronics to build India’s #semiconductor back-end (OSAT) ecosystem. Mitsui will support materials sourcing and market access while AOI provides chip packaging expertise

https://t.co/7ItFFApFpn

Reliance is not investing $300 billion in US refinery.

As the press release from America First Refinery suggests it is a '9 figure investment from a global supermajor'. That would be less than $1 billion.

Reliance has yet to put out a statement on the details of the deal. Probably double checking since this is a market sensitive story.

#Geopolitics #Oil #Energy #Infra
https://x.com/i/status/2031576057720221908

PVC prices rise Rs 13/kg, taking the March hike to Rs 24/kg. Prices now at Rs 101/kg.

Construction, heavily dependent on refined petroleum products will see even more inflation. #Economy

🇮🇷⚡ Two Cargo ships were struck while crossing the Hormuz strait, the damage to both of them is severe, with at least one ship having its crew being evacuated

🇺🇸🇮🇱⚔️ 🇮🇷

U.S Central Command (CENTCOM) published footage of them striking Iranian targets.

Shahid Shahih-Class missile corvette, fast missile boats armed with "C-802/Noor" anti ship missiles, a "Fateh" Class submarine, were all hit and written out of service.

Canada Offers #Oil And LNG To India As Gulf War Threatens Hormuz Supplies

#Geopolitics #Energy

🇮🇳🤝🇩🇪 Hyderabad-based VEM Technologies and German firm TKMS have signed a strategic ‘Teaming Agreement’ for joint production of torpedoes in India, including technology transfer and the co-development of a #MakeinIndia heavyweight torpedo.

The agreement lays the foundation for a long-term joint venture to supply the Indian market with modern heavyweight torpedoes, strengthening the country’s technological independence and expanding the domestic #defence industry, the companies said in a press release.

https://t.co/Bn8i2hPtLQ

India’s staple rice just got a scientific upgrade-

> CSIR-NIIST developed Designer Rice
> 3× more protein than normal rice
> low Glycaemic Index (<55)
> better for diabetics
> fortified with Iron, folic Acid & vitamin b12
> made using broken rice, reducing wastage
> Not GMO
> created through food processing technology
> same taste, same cooking style
> tech already transferred to Tata Consumer products for large-scale production

#agriculture #Research
https://x.com/i/status/2031572154962387234

Saudi 🇸🇦 is pushing for maximum output of 7 Million bpd of Crude #Oil Export through it's Petroline Pipeline. Before the Conflict the Pipeline was transporting 2.8 million mbpd, with just 0.8 mbpd meant for Exports.
Although 2 Million bpd is reserved for Domestic Consumption on the Red Sea Coast.

🇦🇪 ADCOP Pipeline too is pushed to it's 1.8 mbpd to its maximum output. Before the Conflict it used to transport around 1-1.1 mbpd.

🇮🇶 ITP Pipeline which had a Capacity to transport 1.6 mbpd of Crude #Oil has been shutdown completely due to Security threats in Iraqi Kurdistan. It was Iraq only way to bypass Straight of Hormuz and reach the Mediterranean Sea.

#Energy

🇯🇵 Japan will release 139.5 Million bpd of #Oil from it's 30 days of it's Government owned SPR & 15 days of Private Companies Reserve from 16 March 2026. This is mostly for Domestic Consumption but will help in stabilizing the International Oil Market as well

Japan holds a Massive 254 days of Crude Oil Reserves according to its Daily Consumption of 3.1 mbpd of Crude Oil

#Energy #InternationalNews

West Asia War

Senior Officers from Ministry of Petroleum & Natural Gas, MEA, I&B Shipping to brief at 5 PM IST.