Embraer to Acquire 51 Per Cent Stake in Mahindra Aerospace Arm

RBI Opens Special Dollar Window for Three State-Run OMCs

The Reserve Bank of India (RBI) has opened a special facility to meet the entire daily US dollar requirements of three public sector oil marketing companies (OMCs), in a move aimed at easing pressure on the Indian rupee. The facility will take effect on October 12, 2026, and remain available until further notice. Indian Oil Corporation, Hindustan Petroleum Corporation and Bharat Petroleum Corporation are eligible to use the arrangement. Under the facility, the RBI will sell US dollars to the three companies through designated banks, allowing them to meet their oil-import payments without sourc..

Cement Prices Likely to Rise Rs. 10-15 per Bag from Mid-October

Cement manufacturers in India are likely to raise prices by Rs. 10-15 per bag from mid-October, as they seek to offset persistent increases in power and fuel costs. Emkay Research said its channel checks indicated a high probability of an increase from October 12, supported by the start of the busy construction season and favourable demand-supply conditions. The sector had implemented similar rate adjustments of Rs. 10-15 per bag during the first quarter, but the increases were insufficient to cover higher operating costs. Prices also softened during July and August because of the monsoon, wid..

JSW Cement Commissions 1 MTPA Unit in Rajasthan

JSW Cement has commissioned an additional 1 mn tonnes per annum (MTPA) cement grinding unit in Nagaur, Rajasthan, taking its total cement grinding capacity to 25.1 MTPA. The commissioning was announced on October 6, 2026. The new unit has increased the company’s total grinding capacity in Rajasthan to 3.50 MTPA. The expansion strengthens JSW Cement’s production infrastructure and adds to capacity across its operating network. The company’s total clinker manufacturing capacity stands at 9.74 MTPA, including capacity held through its joint venture, JSW Cement FZC. Clinker is an intermediat..