Adani Ports and Special Economic Zone Ltd (APSEZ) on Wednesday announced it will develop a multi-purpose berth at Kandla Port in Gujarat.

The Berth No 13 at Deendayal Port in Kandla will handle multipurpose cargo and is expected to be commissioned in FY27, India’s largest port developer-cum-operator said in a statement.

"Berth No 13 will diversify our presence at Deendayal Port. We will now handle multipurpose clean cargo at the port, in addition to dry bulk cargo that we already handle," said Ashwani Gupta, Whole-time Director and CEO, APSEZ.

Berth No 13 is 300-metre long and offers 5.7 MMT (million metric tonnes) capacity annually.

The production-linked incentive (PLI) Auto scheme has helped generate more than 30,000 jobs till March this year, the government has said.

The PLI Auto scheme attracted Rs 74,850 crore in proposed investments, with Rs 17,896 crore already invested, according to Union Heavy Industries Minister HD Kumaraswamy.

Speaking at the Society of Indian Automobile Manufacturers’ (SIAM) event in the national capital, the minister said the government is committed to the growth of automobile and auto components and advanced cell chemistry sector.

The Maharashtra Government has appointed a Chief Secretary (CS)-led committee for the implementation of the NITI Aayog’s report on making the bursting Mumbai Metropolitan Region (MMR) a growth hub with a $300 billion economy by 2030 from the present $140 billion.

The state government, in its Government Resolution (GR) released late on Tuesday night has given a mandate to the CS-led 22-member committee to monitor the speedy implementation of the NITI Aayog’s recommendations, step up focus on attracting and retaining Foreign Direct Investment (FDI) and promoting startups and employment generation in the MMR.

Interestingly, the state government in the run up to the Assembly elections, likely to take place in the second week of November, has not set up a committee headed by Chief Minister Eknath Shinde or Industry Minister and comprising ministers and elected representatives.

Digital transformation service provider Yotta Data Services on Wednesday launched Shambho accelerator programme for Cloud and Artificial Intelligence (AI) startups.

Shambho, launched with support from Nasscom AI and Telangana AI Mission, will provide the startups with world-class AI and cloud infrastructure, mentorship, technological support, and more.

The programme also aims to foster innovation in the startup sector and encourage the development of cutting-edge solutions in Cloud, AI, data science, and high-performance computing.

Tamil Nadu Chief Minister M .K. Stalin, who is on an investment garnering trip to the United States since August 29, met the officials of Ford Motors in Chicago.

CM Stalin, in a statement on his social media platform X, said: "Had a very engaging discussion with the team from @Ford Motors! Explored the feasibility of renewing Ford's three-decade partnership with Tamil Nadu, to again make in Tamil Nadu for the world! "

Ford had invested nearly $2 billion in the Indian market for its design, production and marketing. However, it exited India in September 2021 as it faced stiff competition and its global sales dipped.

However, the Automobile industry is buzzing with stories that Ford has been looking forward to re-entry in India with EV vehicle production and production of Internal Combustion Engines (ICE) in the CBU forms at the plant.

Driven by the production-linked incentive (PLI) scheme, Apple has reached around $5 billion in iPhone exports from India in the April-August period this fiscal.

According to industry data, this is a growth of over 50 per cent from the same period of first five months in FY24.

With the country set to commence production of the flagship iPhone Pro and Pro Max models, the value of iPhone exports is going to jump further in the festive quarter and months ahead, according to the industry analysts.

The new iPhone 16 series will be available in the country from September 20 at attractive financing options and other offers.

BMW Korea and Ford Sales and Service Korea will voluntarily recall over 31,279 vehicles due to faulty components, the transport ministry here said on Wednesday.

BMW will recall 2,787 vehicles across 13 models, including the BMW 520i, due to a malfunction in the advanced steering assistance system, reports news agency.

Also, 21,139 vehicles across 15 models, including the Mini Cooper D 5-door, will be recalled due to the potential risk of fire caused by coolant leaks in the exhaust gas recirculation cooler.

Ford will recall 5,911 units of the Aviator SUV, as electromagnetic interference during mobile phone calls in the front seats could cause the 360-degree camera system to malfunction.

India’s total coal production reached 384.07 million tonnes (MT) in the April-August period this fiscal, a growth of 6.36 per cent compared to 361.11 MT during the corresponding period of the previous year, the government said on Tuesday.

However, in August, overall coal production decreased slightly to 62.67 MT, down from 67.76 MT in August 2023, reflecting a 7.51 per cent decline, according to a statement by the Ministry of Coal.

"India’s coal production and supply trends for the period from April to August 2024 show a positive trajectory, despite some short-term variations in the month of August, due to above-normal precipitation impacting the mining and mobility," the ministry said.

In terms of coal supply, it stood at 412.69 MT in the April-August period, with an increase of 5.17 per cent compared to 392.40 MT during the corresponding period of last year. In August, however, coal supply fell slightly to 69.94 MT, compared to 75.19 MT in August 2023, registering a decline of 6.98 per cent.

The Centre on Tuesday announced several key changes to simplify approval processes for telecom licenses and wireless equipment, in its bid to further pursue structural reforms and ease of doing business in the telecom sector.

The Department of Telecommunications (DoT) introduced changes to the approval processes for issuing Experimental Licenses, Demonstration Licenses, and Equipment Type Approvals (ETA). These changes are based on the recommendations of the Telecom Regulatory Authority of India (TRAI).

“These reforms are aimed at reducing delays and simplifying regulatory requirements, fostering innovation and streamlining operations for businesses and telecom operators,” said the DoT.

For Experimental Licenses cases not requiring inter-ministerial consultation, the license will be deemed issued after 30 days if no decision is conveyed.

Adrian Newey has committed his long-term future to the Aston Martin Aramco Formula One Team. The acclaimed British designer will begin working at the team's Silverstone headquarters from March 2025 taking up a new role as Managing Technical Partner.

The 65-year-old's arrival at Aston Martin is a major coup for owner Lawrence Stroll, who has invested heavily in the team with the ambition of turning them into title winners. Newey's reputation for designing innovative and competitive cars, particularly at the start of new regulatory periods, makes him a valuable asset to the team.