Corporate India

GRSE Lays Keel for ARS

GRSE achieves a key milestone by laying the keel for the Advanced Acoustic Research Ship (ARS) for DRDO’s NPOL. The vessel, a leap beyond the Sagar Dhwani, will significantly enhance India’s acoustic and oceanographic research, reinforcing the Atmanirbhar Bharat initiative.

Corporate India

ONGC’s Cost Cutting Drive Targets ₹9,300 Crore Savings

Oil and Natural Gas Corporation (ONGC) initiated a comprehensive cost optimisation programme to achieve ₹9,300 crore in savings by FY27. This move prepares the PSU for a future with oil prices around $60 per barrel while fighting production decline.

Corporate India

RBI Allows Banks to Fund Corporate Acquisitions

The Reserve Bank of India will now permit banks to finance mergers and acquisitions by Indian corporates. This new framework significantly expands the scope of capital market lending for the banking sector.

Corporate India

India Indigenous Nuclear Reactor Project Draws Interest ftom Corporate Giants

India’s largest corporate groups, including Reliance and Adani, show strong interest in NPCIL’s tender for the Bharat Small Reactors (BSR). The project, using indigenous PHWR technology, marks the first major entry of the private sector into nuclear generation, with a project deadline now set for March 2026.

Business & Economy

SBI revises FY21 GDP estimates to -7.0% from -7.4% earlier

News Orbiter Bureau17 February 202121 February 202101 mins

The Economic Research Department of the State Bank of India has revised FY21 GDP estimates for India to -7.0% from the earlier forecast of -7.4%. Based on SBI Nowcasting Model. The report has been brought out by Dr Soumya Kanti Ghosh, Group Chief Economic Advisor, State Bank of India. According to the report, the growth forecast for Q3 would be around 0.3%.

News Orbiter Bureau

News Orbiter runs a 24/7 news bureau that tracks the intersections of governance, policy, business & economy, infrastructure & real estate with specialised insights into India’s growth story. The bureau manages a policy-business-intelligence hub, delivering clarity, context, and depth on the decisions shaping India’s governance, economy, and industry.