Huge investments and strategic global partnerships have positioned India as a competitive hub in the global chip supply chain, according to a new report.

Backed by government schemes offering up to 50 per cent fiscal support, India’s semiconductor market is projected to grow from $45-50 billion in 2024-25 to $100-110 billion by 2030, said the report in India Narrative.

The India Semiconductor Mission (ISM), which operates under the Ministry of Electronics and Information Technology, runs several schemes including the Semiconductor Fabs Scheme, Display Fabs Scheme, Compound Semiconductors and ATMP/OSAT Scheme, and the Design Linked Incentive (DLI) Scheme.

Hyundai Motor and Kia have partnered with South Korea's leading battery producers -- LG Energy Solution Ltd., Samsung SDI Co. and SK On Co. -- to advance electric vehicle (EV) safety technologies, the companies said on Friday.

At Hyundai and Kia's Namyang research and development (R&D) centre in Hwaseong, south of Seoul, the companies unveiled the results of a yearlong collaboration with the battery makers on EV battery safety and signed a memorandum of understanding (MOU) to expand their cooperation going forward, reports news agency.

The ceremony was attended by Hyundai-Kia R&D chief Yang Hee-won, LG Energy Solution chief executive officer (CEO) Kim Dong-myung, Samsung SDI CEO Choi Joo-seon and SK On CEO Lee Seok-hee, as well as officials from the transport and industry ministries.

The domestic airline industry is expected to see an operating profit at 11-14 per cent to Rs 20,000-21,000 crore this fiscal (FY26), a report stated on Thursday.

The second half of this fiscal, which typically accounts for 50-55 per cent of annual traffic, is expected to see faster growth, Crisil Ratings said in its report.

However, this fiscal year, the growth is expected to remain moderate compared to Rs 23,500 crore in the last fiscal year, due to muted demand in the first quarter and an anticipated decline in yields, the report stated.

This contrasts with the strong recovery seen in the three fiscals post the Covid-19 pandemic.

The Indian IT sector is likely to register 6-7 per cent growth for FY27 amid some improvement in spending as global uncertainties linger, HSBC Global Investment Research said on Thursday.

In the medium to long term, the report continues to expect 3-5 per cent CAGR growth for the Indian IT industry in constant currency.

“Recent financial results for top US corporates (clients of India IT) reflect a very strong business environment,” the report noted.

There is certainly a component of cyclicality as well.

“We believe many of these corporate clients - despite a healthy financial performance - are unsure about the macro environment given tariff uncertainty and firms holding back investments,” the findings showed.

iPhone maker Apple on Thursday announced that it will open its doors to customers at Apple Hebbal, its newest retail location in India, on September 2.

This opening marks a significant expansion for Apple in the country, offering more customers in India new ways to explore and buy Apple products, and experience Apple’s exceptional service in person in Bengaluru’s Phoenix Mall of Asia.

This would be Apple’s third own retail store in India — after Mumbai and Delhi.

According to the company, "the barricade for Apple Hebbal was revealed this morning. Adorned with rich, vibrant feathers inspired by the Peacock - India’s national bird and a symbol of pride - the artwork celebrates Apple’s third store in India".

India's express logistics sector is projected to reach $18-$22 billion by FY30, doubling in size, a report said on Wednesday.

The sector grew from $3 billion in FY17 to $9 billion in FY25, with a compound annual growth rate of 12 to 15 percent. In FY25, the express industry is supporting 2.8 to 3 million jobs and contributing $1 to $1.5 billion to GST revenues and $650 million to customs revenues, according to the Express Industry Council of India (EICI) report.

Looking ahead, the report said that this sector will act as a vital enabler for e-commerce, MSMEs and cross-border trade, as it has already transformed from a logistics facilitator to an essential service provider.

The sector played a crucial role during the Covid-19 pandemic by supporting the largest vaccination drive and ensuring the priority delivery of essential goods, it said. Post-pandemic growth is being driven by high internet and smartphone penetration, exponential growth of e-commerce, the rise of MSME output and significant infrastructure expansion into tier 2 and 3 cities, the report said.

The combined index of India’s eight core industries increased by 2 per cent in July this year compared to the same month of the previous year, according to data released by the Commerce and Industry Ministry on Wednesday.

The production of steel, cement, fertiliser, and electricity recorded positive growth in July, the official statement said.

The eight core industries comprise 40.27 per cent of the weight of items included in the Index of Industrial Production (IIP) and are an indicator of the overall industrial growth.

The final growth rate of the eight core industries for June this year was observed at 2.2 per cent, while the cumulative growth rate during April to July, 2025-26 works out to 1.6 per cent as compared to the corresponding period of last year.

Indian automobile manufacturer Tata Motors on Wednesday announced that it has re-entered South Africa's passenger vehicle market after six years, launching three SUVs and an entry-level compact hatchback.

Tata launched models including Punch (compact SUV), Curvv (coupe-inspired SUV), Tiago (hatchback), and Harrier (premium SUV) in the South African market. All models are traditional combustion engine-based vehicles and will be available for sale starting in September.

“Our return to South Africa marks a significant milestone in Tata Motors’ global journey. We are excited to bring our new-generation of vehicles -- engineered with cutting-edge technology, uncompromising safety, and modern design -- to a market that values safety, quality and innovation. With Motus as our preferred partner, we are confident in delivering a superior ownership experience that resonates with South African consumers and contributes meaningfully to the local economy,” Shailesh Chandra, Managing Director, Tata Motors Passenger Vehicle Ltd. and Tata Passenger Electric Mobility Ltd., said.