Economic Times

REGULATORY · INDIA

Supreme Court closes Rahman song-credit dispute

CHANGE
A R Rahman told India’s Supreme Court he will add an on-song credit acknowledging the Junior Dagar Brothers’ Dagarwani Dhrupad inspiration for “Veera Raja Veera,” and the court disposed of the plea.
WHY IT MATTERS
The modified credit is due to appear across social media and OTT platforms within five weeks, changing attribution for a commercially distributed film track. The case closure locks in a public-facing credit line that can affect rights, reputational claims, and downstream licensing metadata.
View full brief →
Economic Times
COMPETITIVE · INDIA

Vedanta Resources secures new bank refinancing facility

CHANGE
Vedanta Resources signed a $350 million, 3.5-year loan facility from a consortium of global banks priced at SOFR plus 435 basis points.
WHY IT MATTERS
The new facility extends Vedanta Resources’ near-term funding runway by refinancing upcoming maturities and interest payments. Pricing at SOFR+435 bps resets the group’s marginal cost of offshore debt for the next 3.5 years.
View full brief →
Economic Times
REGULATORY · MARKET STRUCTURE · COMPETITIVE · INDIA

India extends port-entry marine insurance for Russian P&I providers

CHANGE
India’s Directorate General of Shipping granted a one-month interim extension allowing four Russian insurers and Sun UW MGA to provide protection and indemnity cover for ships calling at Indian ports until March 20, 2026.
WHY IT MATTERS
Shipowners and cargo interests moving high-value cargoes into India retain a valid non-IG P&I option for port calls through March 20, 2026. The short extension window keeps renewal/eligibility uncertainty on a monthly cadence for affected voyages and counterparties.
View full brief →
Economic Times
REGULATORY · COMPETITIVE · INDIA

ICICI Prudential Life appeal dismissed, GST tax demand upheld

CHANGE
A Mumbai CGST & Central Excise (Appeals) commissioner dismissed ICICI Prudential Life’s appeal on Thursday, sustaining a Rs 9.84 billion GST input-tax-credit reversal demand for July 2017–July 2022.
WHY IT MATTERS
The order keeps a large GST liability (tax, equal penalty, plus interest) live, maintaining potential financial exposure pending further appeal. The decision increases regulatory and disclosure sensitivity for insurers’ GST input tax credit treatment over multi-year periods.
View full brief →
Economic Times
MARKET STRUCTURE · COMPETITIVE · INDIA

Cochin Shipyard wins CMA CGM LNG containership build

CHANGE
Cochin Shipyard signed a $360 million supply agreement with CMA CGM to build and deliver six 1,700-TEU LNG-powered containerships.
WHY IT MATTERS
The contract adds a large, multi-year build commitment with first delivery expected by February 2029 and subsequent deliveries paced at two vessels per year. It increases Cochin Shipyard’s order book to about Rs 23,000 crore, tightening capacity allocation across its shipbuilding slots.
View full brief →
Economic Times
MARKET STRUCTURE · MIDDLE EAST

India’s Russian crude imports drop to lowest since 2022

CHANGE
Data for January showed Russia’s share of India’s oil imports fell to its lowest level since late 2022, with imports from Russia down 23.5% month-on-month and about one-third year-on-year.
WHY IT MATTERS
Indian refiners’ crude sourcing mix shifted materially in January, reducing reliance on discounted Russian barrels and increasing dependence on alternative suppliers. This changes near-term procurement constraints and pricing exposure as Middle East volumes (including Saudi) regain share.
View full brief →
Economic Times
COMPETITIVE · MARKET STRUCTURE · INDIA

Andhra Pradesh expands land for Google-linked AI data centers

CHANGE
Andhra Pradesh approved increasing APIIC land allotted for Raiden Infotech’s Google-linked AI data center project to 601.4 acres from 480 acres, in favour of Adani Infra (India) Ltd as the notified partner.
WHY IT MATTERS
The larger, restructured land package expands the physical capacity envelope for a ~Rs 90,000 crore AI data center buildout across three sites. The allotment being in Adani Infra’s name concentrates execution, contracting, and permitting interfaces under a single project counterparty.
View full brief →
Economic Times
MARKET STRUCTURE · COMPETITIVE · EUROPE

FedEx commits $250m automated cargo hub at Navi Mumbai

CHANGE
FedEx announced an investment of over Rs 2,500 crore (over US$250 million) to build a 300,000 sq ft fully automated cargo hub at Navi Mumbai International Airport with Adani Airport Holdings.
WHY IT MATTERS
The commitment adds a new high-throughput air-cargo node in India’s primary west-coast trade corridor, changing capacity and routing options for time-sensitive exports and imports once the hub is operational. It also deepens FedEx’s dependence on NMIA/AAHL infrastructure for regional consolidation flows spanning Southeast/West Asia, Europe and the US.
View full brief →
Economic Times
MARKET STRUCTURE · COMPETITIVE · INDIA

FedEx commits Rs 2,500 crore to Navi Mumbai cargo hub

CHANGE
FedEx and Navi Mumbai International Airport broke ground on a fully automated 300,000 sq. ft. air cargo hub at NMIA backed by a Rs 2,500 crore long-term investment.
WHY IT MATTERS
A new automated consolidation and redistribution node is now locked in for India’s largest international trade corridor, changing future air-freight capacity and routing options for Western India. The hub’s automation and dedicated aircraft bays shift expected transit-time predictability for time-sensitive export/import flows once it becomes operational.
View full brief →
Economic Times
REGULATORY · MARKET STRUCTURE · COMPETITIVE · INDIA

India funds critical-minerals recovery from e-waste

CHANGE
India approved a $170 million programme to expand formal e-waste recycling to recover critical minerals.
WHY IT MATTERS
The funding creates a nearer-term domestic supply channel for lithium, cobalt and other inputs as domestic mining output remains years away. It shifts capacity toward regulated recyclers, tightening competitive pressure on informal e-waste processing.
View full brief →
Economic Times
REGULATORY · COMPETITIVE · INDIA

Dr Reddy’s targets 50–60% cheaper generic Wegovy in India

CHANGE
Dr Reddy’s said it is awaiting Indian regulatory approval to sell a generic version of Novo Nordisk’s Wegovy.
WHY IT MATTERS
If approved, a materially lower-priced GLP-1 option would enter India’s obesity-drug market, changing near-term pricing benchmarks versus the branded product. The approval timing becomes the gating factor for payers, prescribers, and competitors tracking access and demand.
View full brief →
Economic Times
REGULATORY · COMPETITIVE · INDIA

RBI draft loosens FX dealing and reporting rules

CHANGE
The Reserve Bank of India issued draft directions to expand permitted foreign-exchange transactions and ease reporting obligations for authorised persons, with public comments open until March 10.
WHY IT MATTERS
Authorised dealers and primary dealers face a near-term rule-change window that could broaden allowable hedging, market-making, and proprietary FX activity. Reporting requirements may be reduced, changing compliance workload and supervisory data flows once finalised.
View full brief →
Economic Times

Decision-grade intelligence

Be prepared — without the noise

Calm, decision-grade intelligence that flags material changes before they become social knowledge—so you can update assumptions, not chase headlines.

Delivered by email. Pro memeber get real-time access and the full archive.

No cadence. Only material change.