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loitering munition test facility during a visit to Nagpur. The first-of-its-kind testing facility has a 1.27-km long runway dedicated to developing indigenous Medium Altitude Long Endurance (MALE) and High Altitude Long Endurance (HALE) drones for the Indian Armed forces. The PM also dedicated a 1,080-acre test range for loitering munition at the same complex, geared to develop next-generation munition by Solar Defence and Aerospace. «Spread over 1,080 acres, this test range has a dedicated Command & Control Centre, UAV Take-off Area, Endurance and Communication Range check facility, Parachute Recovery Area, Static & Moving Target Engagement, Target Hit and CEP Measurement and Warhead Lethality Test facility,» company officials said, adding that a suo moto proposal for developing an indigenous MALE drone has been submitted and is being processed by the ministry.

fuel efficiency norms under the CAFE III (Corporate Average Fuel Efficiency) standards as they resumed talks with the government after a hiatus of a few months, said people aware of the matter. The new norms are slated to come into effect on April 1, 2027. In the latest round of consultative meeting held earlier this month between the auto industry and government, representatives from automakers cited the current low penetration of electric vehicles (EVs)-critical for curbing overall vehicular emissions-in the Indian market for easing the norms.

In a leaked conversation with leading auto industry executives, Trump reportedly cautioned them against raising vehicle prices in response to his new tariffs, implicitly acknowledging the financial strain such measures could impose on manufacturers and consumers alike.

Host of CNBC's «Mad Money» took a clear stand against the idea, attributing the economic downfall of small towns throughout the United States to it. «I am for tariffs, plain and simple. I despise free trade,» Cramer insisted on an episode of his program, as quoted in a report by Bezinga. He continued on to say, «It's been embarrassing to our nation. It's cost us millions. Everyone takes advantage of us. There's just no limit to it.» Cramer's comments are opposite to the general assumption that free trade boosts economic growth and global cooperation. Instead, he had claimed that the focus on cheap imports has done harm to small towns.

Burjis Godrej, son of Nadir Godrej, chairman of Godrej Industries Group (GIG), has taken charge as the managing director of Astec LifeSciences, marking his first major leadership and accountability role within the organization. Burjis assumes his new role this month at the listed entity without any remuneration, taking over from Anurag Roy, who resigned as CEO of Astec in October 2024. At 34, Burjis is the elder son of Nadir Godrej, while his younger brother, Hormazd, has also recently joined Godrej Agrovet. Nadir Godrej is the younger brother of GIG chairman emeritus, Adi Godrej. «Getting the opportunity to make an impact in a sector that is a key focus area of the group and is important for growing India’s R&D and manufacturing footprint was more important to me personally than the remuneration. I look forward to working closely with the Astec team to drive growth in this business,» Burjis Godrej told ET. He also served as a non-executive director at Astec LifeSciences Since 2022, Burjis Godrej has held the position of Executive Director at GAVL. He was previously a Non-Executive Director at Astec LifeSciences and Godrej Maxximilk. Burjis has specialized in agrochemical projects for Astec LifeSciences and the crop protection division of Godrej Agrovet. His responsibilities included evaluation of products, synergies, technologies, business models, geographical markets, and capital expenditure

The inflow of low-cost imports, particularly from China and Vietnam, remains a concern for domestic manufacturers, ISSDA President Rajamani Krishnamurti said in reply to a query on the outlook for Q1 FY26. «The stainless steel sector is also likely to encounter challenges such as volatile raw material prices, especially for key inputs like nickel and ferroalloys,» he said.

Subscribe to enjoy similar stories. For the past few weeks, Chinese engineers have gathered in the factory of a luxury electric-vehicle brand to test a new technology the country’s leadership considers vital to its rivalry with the U.S. The engineers at a startup called UBTech are training humanlike robots to sort auto parts and move containers.

Subscribe to enjoy similar stories. There’s an uncanny resemblance between a work of art shown at Bengaluru’s Museum of Art & Photography last year and one at its current Ticket Tika Chaap: The Art of the Trademark in Indo-British Textile Trade. In the folio (part of last year’s Book of Gold show) from the luminous 17th century Kanchana Ramayana, fine miniatures with gold leaf, Garuda listens to Kaka Bhushundi.

Trump declared on Saturday that he «couldn't care less» if automakers increase car prices for Americans in the wake of his imposition of import tariffs. There have been reports that Trump threatened auto executives with reprisals if prices jump, but he told NBC News that increasing prices would simply help US-based manufacturers. «I couldn't care less. I hope they raise their prices, because if they do, people are gonna buy American-made cars. We have plenty,» he told NBC host Kristen Welker. On Thursday, Trump imposed a blanket 25 percent import tariff on cars and light trucks made outside the United States, due to take effect on April 3. Tariffs will be delayed for car parts from countries covered by US trade pact with Mexico and Canada as officials try to disentangle the mixed supply chain.

Barak Valley Branch of the Tea Association of India (TAI) said that the issue of absenteeism and migration poses a serious challenge to tea estates, with unauthorized absenteeism rates exceeding 50% in some cases. Addressing at the association’s 50th Annual General Meeting (AGM) held at Cachar Club, Silchar he said this persistent trend disrupts operations, creates manpower shortages, and forces estates to resort to costly alternative sourcing methods to maintain their daily functions. “Such challenges come at a time when financial constraints are already straining estate resources. The additional expenditure required to manage this manpower deficit exacerbates the stress on estate exchequers, creating a compounded financial burden.

Subscribe to enjoy similar stories. Prepare for an everything, everywhere onslaught of trade developments this week as the Trump administration unveils its much talked about tariffs. Investors and companies hoping for clarity are likely to be disappointed: There may just be another spate of trade war scenarios to game out.

Pace Digitek, which is a multi-disciplinary solutions provider specializing in telecom passive infrastructure industry including telecom tower infrastructure and optical fibre cables, is planning to raise around Rs 900 crore through the public offer.

education loan of Rs 40 lakhs to study in the US found himself debt-ridden, struggling to make ends meet, and support an ailing parent. Taking to Reddit, a user named The Tech Philosopher shared his struggles in a long, emotional post. He recounted how his father, who operated a small manufacturing business, and the rest of his family invested all their emotional and financial resources to support his aspiration for a better future. Despite completing his degree, he faced significant challenges in securing employment in the U.S. due to economic recession, visa restrictions, and limited internship opportunities for Indian students. After a year of relentless applications, he was unable to earn enough to cover his living expenses, relying on monthly financial support from his family, which depleted their remaining savings.

«Most car makers can't eat 25%, they just can't,» said Andy Palmer, former CEO of Aston Martin. «That means car makers will pass on as much of the cost of tariffs as they can,» including by removing features to lower their costs while also raising prices. Automakers may spread that cost between U.S.-produced and imported models, cut back on features, and in some cases, stop selling affordable models aimed at first-time car buyers, as many of those are imported and less attractive if they carry a higher price tag. The changes could price more Americans out of the market. S&P Global Mobility estimated Thursday that tariffs will cause annual U.S. vehicle sales to fall to a range of 14.5 million to 15 million in coming years from 16 million in 2024. Cox Automotive estimates tariffs will add $3,000 to the cost of a U.S.-made vehicle and $6,000 to vehicles made in Canada or Mexico without exemptions. While luxury sellers like Bentley or Ferrari say they will pass on costs, major automakers' typical margins of 6% to 8% leave little wiggle room. Affordable models most likely to be affected include the Honda CR-V, Chevy Trax, Subaru Forester, Chevy Equinox and Honda HR-V, said Erin Keating, executive analyst at Cox. «Car makers know they have certain vehicles in their portfolio that can tolerate lower profit margins,» Keating said. «Some vehicles may just prove to be too expensive, and most of those are affordable models manufactured outside the U.S.»

Cabinet has approved a Rs 23,000-crore programme to strengthen the electronics manufacturing supply chain. India is looking to grab a bigger share of the market as companies opt for ‘China Plus One,’ as well as create jobs. The much-anticipated electronics component manufacturing (ECM) scheme is a move to increase domestic value addition and integrate with global value chains. It will be spread over six years and is expected to generate investment worth Rs 60,000 crore. “We are already making very good progress in the semiconductor part of the value chain,” said Ashwini Vaishnaw, minister for electronics and IT, railways and information and broadcasting, referring to the production-linked incentive (PLI) scheme. “We have had super success in PLI-based finished products manufacturing. Now, we are covering sub-assemblies and bare components.”

ArcelorMittal Nippon Steel India (AM/NS India) has begun the land acquisition process at Rajayapeta in Andhra Pradesh, where it plans to set up an integrated steel plant, the company said on Friday. This is the first large greenfield plant to be set up in the country in nearly a decade, after the first phase of Tata Steel's Kalinganagar project was commissioned in 2016 with an initial capacity of 3 million tonne. ET reported on November 3, 2024, that the steelmaker will be investing ₹1.40 lakh crore in setting up an integrated steel plant in the Anakapalli district in the state, which will have an annual production capacity of 17.8 million tonne. AM/NS India has made the initial payment for acquiring the land in Andhra Pradesh, and possession is expected soon, after which the company will start work on the greenfield project. The plant will have an initial capacity of 7.3 million tonne.

If it’s built by Canadian workers on Canadian docks, it should be made with Canadian steel and aluminum.

The company on Thursday named chip industry veteran Robert Feurle as its chief executive effective May 1, after it ousted top boss Gregg Lowe without cause in November.

Adani Cement has made several changes to its top leadership to reflect its growth plans, the company said on Friday. Current chief executive officer, Ajay Kapur, has been elevated to the level of managing director for a period of two years, while Vinod Bahety, who is currently serving as the chief financial officer of the business, will be the chief executive officer and wholetime director for three years with effect from April 1. “In alignment with Adani Group’s internal leadership transitions and planning to continue fostering sustainable growth and an evolving leadership development consistent with the broader group and Company objectives, a leadership transition is proposed,” the company said in an exchange filing on Friday.

Liberal Leader Mark Carney is set to have his first phone conversation with United States President Donald Trump in the coming days, and Trump’s commerce secretary said Canada may get some reprieve from automobile tariffs.