Federal Bank ceases thermal power project funding by 2030

India To Build 100 New Airports Under UDAN Plan

The Civil Aviation Minister K Rammohan Naidu said that India will build 100 new airports over the next 10 years under the Centre's Regional Connectivity Scheme — Modified UDAN (UDAN) with an outlay of Rs 300 billion (Rs 300 bn). He inaugurated the country's third hub-and-spoke operation from Ahmedabad, intended to link passengers seamlessly to international destinations through domestic hubs. The minister indicated that the initiative forms part of a sustained expansion of air connectivity across the nation. Naidu recalled that there were 74 airports in 2014 and that the network has expanded..

Auto PLI Draws Rs 454.77 Billion Investment Creates Over 67,000 Jobs

Union Minister for Heavy Industries and Steel HD Kumaraswamy said the production-linked incentive scheme for automobiles and auto components had attracted Rs 454.77 billion (Rs 454.77 bn) in investment and generated more than 67,000 jobs as of 30 June 2026. He told the Automotive Component Manufacturers Association of India that the next phase should focus on scale, deeper localisation, innovation and positioning India as a global hub for advanced and green mobility technologies. The minister urged industry to invest in cleaner technologies to help lead the global mobility transition. The gove..

Coal India Production Falls in August as Supplies Rise

Coal India Limited's production declined five point seven per cent year-on-year in August 2026, while coal supplies rose five point five per cent during the month. The company produced 47.5 million tonnes (mn t) of coal in August, down from 50.4 mn t in the same month last year. Offtake rose to 60.6 mn t from 57.4 mn t a year earlier. Over the first five months of the current financial year, cumulative production during April–August was 267.5 mn t, down four point five per cent from 280.2 mn t a year earlier. Cumulative coal supplies rose six point seven per cent to 322.9 mn t in April–Aug..