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11 June 2026 DEFENCE

India has issued a Letter of Request (LoR) to France for a government-to-government (G2G) deal worth ₹3.25 lakh crore to procure 114 Rafale fighter jets for the Indian Air Force (IAF).

Under this agreement, 94 of these aircraft will be manufactured in India by Dassault Aviation in collaboration with an Indian partner. The first Rafale-M jets are expected to be delivered by 2028.

18 May 2026 APPOINTMENTS

R Mukundan has been elected as the President of the Confederation of Indian Industry (CII) for the 2026-27 term. He succeeds Rajiv Memani.

It is to be noted that the newly constituted National Council of the CII has also appointed Suchitra Ella as the President-Designate and Shashwat Goenka as the Vice President for the same term.

21 April 2026 BUSINESS

The Ministry of Commerce and Industry (MoC&I) has notified the establishment of the first semiconductor fabrication plant in India as a Special Economic Zone (SEZ) in Dholera, Gujarat.

The project is developed by Tata Semiconductor Manufacturing Pvt Ltd (TSMPL), a subsidiary of the Tata Group, with a total investment of ₹91,000 crore. The SEZ, spanning 66.166 hectares (ha), aims to strengthen the domestic semiconductor ecosystem and the national import substitution strategy.

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