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.

Headlines

Covshield vaccine finally recognized by some European Union countries

News Orbiter Bureau11 July 202111 July 202101 mins

Covishield vaccine, produced by Serum Institute of India (SII), has been now recognized by 15 countries in European Union (EU). The vaccine is developed jointly by Oxford University and AstraZeneca. Soumya Swaminathan, chief scientist of World Health Organisation (WHO) informed this after the vaccine got recognized by Belgium.
This recognition will have the positive effect in terms of more and more people getting vaccinated across India and the world over. Among the countries accepting Covishield vaccine for the travel industry also included Iceland and Switzerland in European Union (EU). Even another EU country ‘Estonia’ has also confirmed that it will recognize all the Government of India authoriesd vaccines for travel by Indians.

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.