Govt Hits 78% Of FY27 Divestment Target In 5 Months With ₹62,124 Cr

🔹 Total receipts ₹62,124 cr vs ₹80,000 cr FY27 target - 78% achieved in Apr-Aug
🔹 ₹55,757 cr via stake sale in 9 PSUs + ₹6,367 cr via InvIT asset monetisation
🔹 LIC OFS drives bulk: 6.5% stake sold for ₹31,515 cr, over half of proceeds
🔹 Others: Coal India 2% - ₹5,542 cr, NHPC 6.01% - ₹4,357 cr, Hindustan Copper 6% - ₹3,041 cr
🔹 IDBI Bank strategic sale next: revised bids from Emirates NBD & Fairfax
#Economy

BusinessLine

India and Zambia have resumed early-stage talks on copper and critical mineral investments after previous negotiations stalled over mining rights, with India seeking to secure long-term supplies to meet rising demand as domestic production lags and competition from China remains a primary obstacle. #Minerals #GeoPolitics

🔗 BuisnessStandard

Canada Pension Plan Investment Board (CPP Investments) has committed up to ₹2,070 crore to the NIIF Infrastructure Fund II. This funding successfully anchors the fund's first close at ₹19,000 crore toward its target of ₹30,000 crore for core and emerging sectors. #Financials

🔗 Economic Times

Gopalpur Industrial Park Emerges As Green Energy Hub With ₹65,400 Cr Pipeline

🔹 Odisha's Ganjam park by Tata Steel SEZ (TSSEZL) attracts ₹65,400 cr investment pipeline
🔹 Sectors: green hydrogen, green ammonia, solar equipment, chemicals, tyres, minerals
🔹 New: 0.4 MTPA green ammonia plant + jetty-less floating terminal by Odisha, IHI Japan, ACME, TSSEZL
🔹 Tata Power Renewable to invest ₹10,000 cr for solar ingot & wafer manufacturing
🔹 2,970-acre plug-and-play park with SEZ + DTA, port-rail-highway link
#Economy

🔗 Swarajya

EV Boom In August: Electric Car Sales Jump 51%, 2W Demand Strong

🔹 E-PV registrations up 51.3% YoY to 29,687 units in Aug; 85% growth in FY27 Apr-Aug to 1.53 lakh
🔹 Tata leads with 12,984 units, up 61% YoY, 42.8% share; Mahindra 2nd at 6,367, up 53.8%
🔹 MG slips 18.7% YoY to 4,568; VinFast jumps 43.5% MoM to 2,196 units
🔹 EV share at 7.4% of PVs in Aug vs 7.8% in Jul - festive delay, supply constraints
🔹 E2W also strong: TVS, Bajaj, Ather surpass full CY25 sales in 8 months
#EV

🔗 Economic Times

EAM S. Jaishankar will visit Ukraine and Poland from September 3-5, 2026

#Geopolitics

#Automobile #EV #Economy

TN Announces ₹55,628 Cr Power Push: Grid Upgrade + 1,600 MW Thoothukudi Plant

🔹 ₹33,066 cr Tamil Nadu Transmission Improvement Scheme - 196 new substations, 15,000 km lines
🔹 ₹20,800 cr supercritical thermal plant at Thoothukudi - 2x800 MW via PPP model
🔹 To replace 5 old 210 MW units (1,050 MW, since 1979) - net addition 550 MW
🔹 Plus ₹1,762 cr for Chennai distribution - 36 substations, cables, transformers upgrade
#Power

🔗 Swarajya

KRAFTON India & IIT Madras Launch KIGI Academy To Build Gaming Talent

🔹 6-month fully funded program: 16 weeks at IIT Madras + 8 weeks residency at KRAFTON Bengaluru HQ
🔹 Focus: Unity, mobile-first development, coding, design, UI/UX, art - no prior exp needed
🔹 1st cohort Jan 2027: 30 students, top 10 go to Bengaluru, chance for full-time jobs at KRAFTON
🔹 Model adapted from KRAFTON Jungle Korea which trained 1,000+ developers since 2022
#Jobs

🔗 BusinessLine

The Central Government has granted in-principle approval to National Shipbuilding and Heavy Industries Park Odisha Ltd (NSHIPOL) for a ₹24,700-crore shipbuilding cluster across 2,500 acres in Odisha's Kendrapara district.

The project aims to establish a major maritime hub along the Mahanadi River near Paradip with an annual capacity of 1.2 million gross tonnes. #Ports

🔗 BusinessStandard

IZMO's Chip Arm Builds India's 1st Indigenous 40 GHz RF Package

🔹 izmo Microsystems, subsidiary of IZMO Ltd, develops high-frequency RF QFN package up to 40 GHz
🔹 Fully designed, developed & made in India for defence RF modules - production shipments started post validation
🔹 Innovation: 0.3 mm wire bond length + air cavity design to cut parasitics at high frequencies
🔹 Application: radar, electronic warfare, secure comms, aerospace, satcom
🔹 Boost for Make-in-India semicon packaging & defence electronics value chain
#AatmarnirbharBharat #Semiconductor

🔗 Official Press

Belarus President Alexander Lukashenko calls China, India & Russia as Powerful States with Strong Economics, Resource Rich & Nuclear State #Geopolitics

BREAKING | Air Marshal (Retd.) Jeetendra Mishra Named Ram Mandir Trust CEO

He was Western Air Command Chief during Operation Sindoor and is a veteran fighter pilot #Heritage

Centre has approved the construction of the country’s first underwater twin tube Road-cum-Rail Tunnel project that will be built under the Brahmaputra River in Assam.

Total: 33.7 km | Underwater Tunnel: 15.7 km | EPC Mode

Source

#Infra

🇮🇳❌🇵🇰 India condemns the demolition of a century-old Hindu temple in Narowal, Pakistan.

#culture #foreignaffairs