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The India Meteorological Department said on Wednesday that rainfall will remain subdued over west-central, south peninsular and northwest India for the next week. While these regions see dry weather, heavy rain in Odisha may cause flooding. Meanwhile, hot and humid conditions are expected to persist across several northern states.
The Ministry of Heavy Industries invited global bids on Wednesday to establish 10 GWh of battery manufacturing capacity for grid-scale storage. This move under the PLI scheme aims to reduce import dependence. An expert said, "The government has aligned the tender with recent policy support for domestic battery manufacturing."
Ladakh shipped a 5-tonne consignment of premium Halman apricots to the UAE on Wednesday. Lieutenant Governor Vinai Kumar Saxena flagged off the fruit, which reached Delhi by road from Kargil. This export deal with LuLu Group aims to help local farmers and boost the region’s horticulture sector in global markets.
India's markets regulator on Wednesday introduced a formal recusal framework requiring senior officials to step aside from matters involving personal, professional, or financial conflicts. SEBI will now keep digital records of these recusals and publish annual data to ensure transparency. This move follows recent allegations regarding potential interest conflicts.
The Cabinet cleared ₹3,907 crore rail capacity expansion projects in Odisha and Jharkhand on July 15, 2026. These projects will add 145 km to the network by 2030-31. They aim to improve freight movement and connectivity for 1,526 villages, helping the region grow while reducing carbon emissions and logistics costs.
The RBI on Wednesday proposed that banks and NBFCs should establish processes to manage data risk within their management framework. The central bank said, ”An RE should establish processes to manage data risk as a part of its overall risk management framework.” Stakeholders can share comments by August 17.
Spanish olive oil giant Deoleo targets a ₹500 crore Figaro business in India by FY27. The company plans to expand distribution and launch new products to capture rising health consciousness. Tomislav Bucic said, “India represents one of the most exciting opportunities within Deoleo’s global portfolio.” Growth looks very promising here.
Tata Motors raised concerns over the government's proposal to allow carmakers to buy cheaper credits from the Bureau of Energy Efficiency. In a letter dated July 14, the company said this move could distort price discovery. They argued, “They would not represent any environmental or fuel efficiency gain,” potentially diluting integrity.
India’s gems and jewellery industry on Wednesday flagged off its first export consignment to the United Kingdom under the bilateral free trade agreement. Exporters shipped jewellery worth $10 million from six major centres. Kirit Bhansali said, “The first jewellery export consignment is a defining milestone for India’s gem and jewellery industry.”
The RBI said regulated entities like banks and NBFCs must implement a data governance framework. This move aims to strengthen data management across their systems. The central bank noted that data is a critical asset, so firms must ensure accuracy and security while following the Digital Personal Data Protection Act.
Venture Catalysts completed a full exit from nutrition start-up TruNativ, clocking a 12.73x return on its 2021 investment. Dr Apoorva Ranjan Sharma said, “This exit reflects our commitment to disciplined investing, active portfolio management, and creating meaningful liquidity opportunities.” The firm also got a 1.34x return from a 2024 follow-on investment.
A new study released July 15, 2026, shows a third of U.K. businesses use rival firms for advisory work instead of their main accountants. Research involving 500 companies found clients often split services like tax strategy and growth support. Small firms got hit hardest, while top firms kept clients best.