Global fragrances and nutrition giant DSM-Firmenich has announced a €70 million investment to expand its operations in India, reinforcing the company’s commitment to the country as a strategic growth market. The investment will enhance production capacity, strengthen research and development capabilities, and support sustainable practices across its fragrance, flavor, and nutrition portfolios.

Balmer Lawrie & Co. Ltd., a prominent Indian conglomerate, has announced the appointment of a new director to oversee its services business. This strategic leadership change is expected to strengthen operational efficiency, enhance service delivery, and drive growth across the company’s logistics, travel, and industrial services divisions. The appointee brings extensive experience in corporate management, business strategy, and operational excellence, positioning Balmer Lawrie to capitalize on emerging market opportunities.

Global smartphone brand Honor has announced plans to manufacture its devices in India by March, reflecting the company’s commitment to local production under the “Make in India” initiative. The move aims to reduce import dependency, optimize supply chains, and make devices more affordable for Indian consumers. By establishing domestic manufacturing, Honor seeks to enhance operational efficiency, create local employment opportunities, and strengthen its market presence.

The Reserve Bank of India (RBI) has reported that private non-food credit (NFC) growth decelerated to 5.5% in the first quarter of FY26, signaling a slowdown in private sector borrowing. The moderation reflects cautious corporate lending, tight liquidity conditions, and subdued investment sentiment. Analysts note that while credit growth remains positive, the slowdown could impact economic expansion and industrial activity if prolonged.

Digital payments giant PhonePe has expanded its offerings by launching a comprehensive home insurance product, signaling its foray into the insurance sector. The new product aims to provide financial protection against risks such as fire, theft, natural disasters, and other unforeseen damages to households. Integrated seamlessly into PhonePe’s digital platform, the service offers simplified onboarding, quick policy issuance, and easy claim settlement.

India has witnessed a remarkable rise in women’s employment, with the female workforce participation rate doubling over the past seven years. This surge reflects the combined impact of government initiatives, educational advancements, and growing opportunities in formal and informal sectors. The trend underscores a structural shift in the labor market, signaling increased economic inclusion and empowerment of women. Analysts note that enhanced participation contributes to household incomes, productivity, and overall economic growth.

The government has announced that revised income tax rules and simplified filing forms will be implemented by the end of the year, aiming to streamline compliance and reduce administrative burdens for taxpayers. The updated framework is expected to enhance clarity in tax reporting, improve transparency, and facilitate faster processing of returns. By simplifying procedures and incorporating digital solutions, authorities seek to make tax compliance more user-friendly, encourage voluntary filing, and improve efficiency in revenue collection.

Prime Minister Narendra Modi has strongly criticized the Congress party for policies that, according to him, increased India’s dependence on imports and undermined domestic manufacturing. Addressing a public gathering, Modi emphasized that economic self-reliance is essential for national security, employment generation, and sustainable growth. He highlighted the government’s initiatives to boost domestic production, encourage entrepreneurship, and reduce reliance on foreign goods.

The Pension Fund Regulatory and Development Authority (PFRDA) has announced plans to extend the Atal Pension Yojana (APY) to beneficiaries of the PM Street Vendor’s AtmaNirbhar Nidhi (SVANidhi) scheme. This initiative aims to integrate informal sector workers, particularly street vendors, into India’s formal pension system, providing them with financial security in retirement. By linking SVANidhi recipients with APY, the government seeks to enhance social protection, promote long-term savings, and encourage disciplined investment habits among micro-entrepreneurs.

Rajiv Ranjan has been appointed as Vice President of the New Development Bank (NDB), marking a significant development for the multilateral financial institution established by the BRICS nations. With extensive experience in finance, banking, and international economic policy, Ranjan is expected to play a key role in advancing the bank’s strategic objectives, including infrastructure financing, sustainable development projects, and regional economic cooperation.