Philippines eyeing growing participation of Indian defence industry

by Hansraj Agrawal | Aug 5, 2025 | Business

Prime Minister Narendra Modi and Philippines President Bongbong Marcos witness the Exchange of MoUs between India and the Philippines, at Hyderabad House in New Delhi on Tuesday. External Affairs Minister S Jaishankar is also seen
| Photo Credit:
ANI

Philippines President Ferdinand Marcos Jr on Tuesday called for further co-operation of the Indian defence industry to support the military modernisation in Manila as the two friendly countries entered into a strategic partnership to celebrate 75 years of establishment of diplomatic relations.

“It is a matter of pleasure that today we have decided to elevate our relations to the status of a strategic partnership. A comprehensive action plan has also been formulated to translate the potential of this partnership into results,” Prime Minister Narendra Modi said after a bilateral meeting with President Marcos.

“We have agreed to continue levelling up our collaboration in defence and security,” Marcos said on his part.

Defence synergy

He also expressed hope that India’s indigenous defence manufacturing industry’s “expanding capabilities and footprint” would support the Philippines’ ongoing military modernisation, which is facing increasing maritime claims of China in the South China Sea.

“We expressed satisfaction over the rapid pace of the Philippines’ ongoing defence modernisation and the expanding capabilities of India’s indigenous defence industry as a partner in this undertaking, exemplified by our BrahMos project,” Marcos said.

After the acquisition of BrahMos supersonic missiles in 2022, the Philippines is also interested in other defence deals with India, including Akash missiles and air defence systems.

Maritime Co-operation

Both countries have agreed to hold service-to-service talks aimed at enhancing information sharing and joint military training. “We will foster naval and coast guard interoperability via port calls, cooperative activities and capacity building in the maritime domain,” Marcos said.

Modi also thanked the Philippines for condemning the April 22 Pahalgam terror attack, which left 26 dead and standing with India in the fight against terrorism.

“India and the Philippines are friends by choice and partners by destiny. From the Indian Ocean to the Pacific, we are united by shared values. Ours is not just a friendship of the past; it is a promise to the future,” Modi said.

Modi said the Philippines is an important partner in India’s Act East Policy and ‘MAHASAGAR’ vision.

Published on August 5, 2025

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ISMA launches AI network to boost sugarcane productivity

by Hansraj Agrawal | Aug 5, 2025 | Business

The Indian Sugar and Bio-energy Manufacturers Association (ISMA) on Tuesday announced the launching of national AI-ML network programme in partnership with Agriculture Development Trust (ADT) of Baramati, Maharashtra. The initiative leverages the power of artificial intelligence (AI) to significantly enhance sugarcane productivity, quality, sustainability, and farmers’ income, ISMA said.

Higher yields and better resource use will not only improve sugar recovery but also directly boost farm profitability, ISMA said in a statement. It also said that it has signed a Memorandum of Understanding (MoU) with the ADT and also with Pune-based agri-tech service provider Map My Crop (MMC).

ADT had collaborated with University of Oxford and Microsoft for a project titled “Application of AI, computer vision and machine learning for Game-Changing Improvements in Sugarcane Crop Farming Practices” in 2024, through which over 1,000 farmers were empowered with AI-driven solutions, including machine learning and computer vision tools, to enhance their sugarcane farming practices, ISMA said.

Help decide better

It claimed that the initiative had helped increase in crop yield by 40 per cent, reduced labor costs by 35 per cent, saved water usage by 30 per cent, and 35 per cent improvement seen in harvesting efficiency. There was significant reduction in input costs and overall expenditure as seen from the ADT’s project, ISMA said adding there was reduction in greenhouse gas (GHG) emissions too through precision farming.

“This new digital initiative builds on that foundation of recognising the urgent need to increase average cane productivity to over 100 tonnes per hectare and sugar recovery to 11 per cent or more,” ISMA said, recalling its earlier partnership with ICAR’s Sugarcane Research Institutes to promote high-yielding varieties.

Deepak Ballani, Director General of ISMA, said: “This technology-backed network will help farmers take better decisions, use fewer resources, and get better returns per acre.” Field demonstrations and capacity-building sessions have been planned to promote rapid adoption.

Published on August 5, 2025

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UK–India FTA to boost bilateral supply chains says Rolls‑Royce

by Hansraj Agrawal | Aug 5, 2025 | Business

The trade pact, officially called the Comprehensive Economic and Trade Agreement (CETA), was signed in London last month.

The UK–India Free Trade Agreement (FTA) is expected to benefit Rolls‑Royce by reducing tariffs on aerospace components, as well as strengthening bilateral supply chains, a senior official with the aerospace giant told businessline.

Speaking to businessline, John Kelly, Senior Vice President – Customers, Asia Pacific, Rolls‑Royce, said that the tariff reduction measures will not only streamline sourcing and operations but also reinforce the company’s decades-long partnership with India’s aerospace sector.

The trade pact, officially called the Comprehensive Economic and Trade Agreement (CETA), was signed in London last month.

Vision 2035

Kelly told businessline that the FTA, in conjunction with the UK–India Vision 2035 roadmap, offers a renewed framework for deeper collaboration in defence and advanced propulsion technologies.

The company, he said, is particularly keen on co-developing next-generation power and propulsion systems in partnership with Indian entities.

Kelly emphasised that the FTA and Vision 2035 framework streamline technology transfer, accelerate supply-chain integration, and speed innovation cycles.

These mechanisms align exceptionally well with India’s national ‘Make in India’ vision. Rolls‑Royce already employs over 2,000 engineers in India, across internal operations and partnerships.

In Bengaluru, their engineers contribute to global civil aerospace development programmes, while their data-science teams act as a global centre for analytics-driven innovation.

Beyond product delivery, Kelly reaffirmed Rolls‑Royce’s commitment to expanding its sourcing footprint from India.

He revealed that over the next five years, the company aims to double its India-based supply chain presence, leveraging strong partnerships with HAL, Tata, Bharat Forge, Godrej & Boyce, and more. International Aerospace Manufacturing Pvt Ltd — a joint venture with HAL based in Bengaluru— now produces over 160 high-precision aero-engine components, with a second manufacturing facility recently established in Hosur, Tamil Nadu.

Nevertheless, when asked whether Rolls‑Royce planned to establish an MRO (Maintenance Repair & Overhaul) facility in India, Kelly clarified that no concrete plans have been confirmed at this time.

However, he mentioned the company is exploring expansion of its global MRO network in due course.

Kelly further noted that Rolls‑Royce continues to support India’s regional aviation growth via the UDAN programme.

He cited the AE3007‑powered Embraer ERJ 145s operated by Star Air and the RB211‑535‑powered Boeing 757‑200Fs flown by Blue Dart as examples of existing operations benefitting from their engines.

Published on August 5, 2025

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अडानी पोर्ट्स का पहली तिमाही में 6.54% बढ़ा मुनाफा, गौतम अडानी ने छोड़ा एग्जीक्यूटिव चेयरमैन पद

by Hansraj Agrawal | Aug 5, 2025 | Business

Adani Ports Q1 Results: अडानी पोर्ट्स एंड स्पेशल इकोनॉमिक जोन लिमिटेड (APSEZ) ने वित्त वर्ष 2025-26 की पहली तिमाही (अप्रैल-जून) के नतीजे घोषित किए हैं. कंपनी ने इस तिमाही में मजबूत प्रदर्शन करते हुए मुनाफे और राजस्व दोनों में वृद्धि दर्ज की है. समीक्षाधीन तिमाही में कंपनी का एकीकृत शुद्ध लाभ 6.54% बढ़कर 3,310.60 करोड़ रुपये हो गया, जो पिछले वर्ष की इसी अवधि में 3,107.23 करोड़ रुपये था.

इसी तरह, कंपनी की कुल आय 8,054.18 करोड़ रुपये से बढ़कर 9,422.18 करोड़ रुपये हो गई, जो सालाना आधार पर लगभग 17% की वृद्धि है. हालांकि, इस दौरान कंपनी का कुल खर्च भी बढ़कर 5,731.88 करोड़ रुपये पहुंच गया, जो एक साल पहले 4,238.94 करोड़ रुपये था.

APSEZ का शानदार तिमाही प्रदर्शन

कंपनी के CEO अश्विनी गुप्ता ने बताया कि इस तिमाही में 21% राजस्व वृद्धि मुख्य रूप से लॉजिस्टिक्स और समुद्री कारोबार में जबरदस्त तेजी के कारण हुई, जिनमें क्रमशः दो गुना और 2.9 गुना वृद्धि दर्ज की गई है. उन्होंने यह भी कहा कि कंपनी ट्रकिंग सेवाओं और अंतरराष्ट्रीय माल नेटवर्क का विस्तार कर रही है, जिससे बंदरगाह से अंतिम ग्राहक तक सेवा की सुविधा मजबूत हो रही है. इस विस्तार का लाभ पश्चिम एशिया, अफ्रीका और दक्षिण एशिया जैसे बाजारों में भी देखने को मिल रहा है.

गौतम अडानी ने छोड़ा एग्जीक्यूटिव चेयरमैन पद

इसके साथ ही, कंपनी ने एक महत्वपूर्ण बदलाव की घोषणा करते हुए बताया कि गौतम अडानी अब कार्यकारी अध्यक्ष (Executive Chairman) की भूमिका से हटकर गैर-कार्यकारी अध्यक्ष (Non-Executive Chairman) की भूमिका निभाएंगे. उनकी जगह पर कंपनी ने मनीष केजरीवाल को 5 अगस्त से 3 वर्ष की शुरुआती अवधि के लिए कंपनी का अतिरिक्त निदेशक (गैर-कार्यकारी, स्वतंत्र) नियुक्त किया है. इसके लिए तीन महीने के भीतर शेयरधारकों की मंजूरी आवश्यक होगी. यह कदम कंपनी के नेतृत्व ढांचे में एक अहम परिवर्तन माना जा रहा है. हालांकि नतीजे बेहतर रहे, फिर भी मंगलवार को कंपनी के शेयरों में लगभग 2% की गिरावट दर्ज की गई.

ये भी पढ़ें: रुस से तेल खरीदने पर भारत को क्यों धमका रहा अमेरिका? जानिए इसके पीछे राष्ट्रपति ट्रंप की बड़ी मंशा

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Raymond Realty revenue drops 23% to ₹374 crore in first quarter as standalone entity

by Hansraj Agrawal | Aug 5, 2025 | Business

Raymond Realty Ltd reported a 23 per cent year-on-year decline in revenue to ₹374 crore for the first quarter of FY26, marking its first quarterly results since listing as a separate entity on July 1, 2025, following its demerger from Raymond Ltd.

The Mumbai-based real estate developer’s total income fell to ₹392 crore from ₹498 crore in the same quarter last year. EBITDA dropped 39 per cent to ₹41 crore, with margins compressing to 10.5 per cent from 13.5 per cent in Q1 FY25. The company attributed the decline to low inventory levels in mature projects and natural sales tapering.

Booking value decreased significantly to ₹306 crore from ₹611 crore in the previous year, primarily driven by sales from The Address by GS 2.0 and Ten X Era in Thane. Collections stood at ₹374 crore, compared to ₹483 crore last year.

Managing Director Harmohan Sahni said the performance was in line with expectations and indicated stronger activity in the second half, with new project launches planned. The company maintains a portfolio with gross development value of approximately ₹40,000 crore, including 100 acres in Thane with ₹25,000 crore potential revenue and six Joint Development Agreements worth ₹14,000 crore.

Raymond Realty remains debt-free with a net cash surplus of ₹233 crore. The company plans to launch three to four JDA projects over the next six to nine months.

The shares of Raymond Realty Ltd ended at ₹728 on the NSE today, up by ₹33.25 or 4.79 per cent.

Published on August 5, 2025

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RBI गवर्नर संजय मल्होत्रा का रेपो रेट पर बयान कब, कहां और किस समय देखें

by Hansraj Agrawal | Aug 5, 2025 | Business

RBI MPC Meeting: भारतीय रिज़र्व बैंक (RBI) की मौद्रिक नीति समिति (MPC) की तीन महीने में एक बार होने वाली बैठक इस सप्ताह शुरू हो गई है. इस बैठक में भारतीय अर्थव्यवस्था से जुड़े प्रमुख संकेतकों जैसे रेपो रेट, जीडीपी ग्रोथ, सीपीआई (उपभोक्ता मूल्य सूचकांक) महंगाई और लिक्विडिटी की स्थिति का मूल्यांकन किया जाएगा.

एमपीसी की टाइमिंग क्यों है अहम?

यह बैठक ऐसे समय हो रही है जब भारत और अमेरिका के बीच व्यापार समझौता विफल हो चुका है. साथ ही, अमेरिकी राष्ट्रपति डोनाल्ड ट्रंप ने भारत पर 25 प्रतिशत टैरिफ लगाने का ऐलान किया है और रूस से तेल खरीद पर उच्च सीमा शुल्क लगाने की भी धमकी दी है. ऐसे माहौल में आरबीआई की मौद्रिक नीति पर बाजार और विशेषज्ञों की पैनी नजर है.

विशेषज्ञों का मानना है कि इस बार केंद्रीय बैंक रेपो रेट में कोई बदलाव नहीं करेगा और यथास्थिति बनाए रख सकता है. वर्ष की शुरुआत में आरबीआई की अगुवाई वाली एमपीसी पहले ही 100 बेसिस प्वाइंट की कटौती कर चुकी है. इस समय सीपीआई सामान्य स्तर पर है, इसलिए जब तक भारत और अमेरिका के बीच व्यापार वार्ता स्पष्ट नहीं होती, तब तक आरबीआई कोई बड़ा कदम टाल सकता है.

गौरतलब है कि एमपीसी में आरबीआई गवर्नर के अलावा केंद्रीय बैंक के वरिष्ठ अधिकारी और सरकार द्वारा नियुक्त तीन सदस्य शामिल होते हैं.

कब और कहां देखें?

आरबीआई की एमपीसी की बैठक 4 अगस्त 2025 को शुरू हुई है. इस बैठक में लिए गए फैसलों की जानकारी 6 अगस्त 2025 को सुबह 10 बजे आरबीआई गवर्नर संजय मल्होत्रा द्वारा दी जाएगी. यह बयान आरबीआई के आधिकारिक यूट्यूब चैनल पर लाइव देखा जा सकेगा.

विशेषज्ञ आरबीआई की मौद्रिक नीति, जीडीपी ग्रोथ और महंगाई के ट्रेंड्स पर गवर्नर के रुख को बहुत करीब से देखेंगे. अमेरिका द्वारा टैरिफ और डेयरी आयात को लेकर दी गई धमकियों के बीच यह बैठक भारतीय अर्थव्यवस्था के लिहाज से काफी अहम मानी जा रही है.

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