Economy

The tariff relief covers components that are important for high-value electronics manufacturing, including wireless charging modules for smartphones, lithium-ion cells and display-related components used in sectors such as medical devices and automobiles. Duties of 5% and 7.5% on several such items have been removed, giving manufacturers a clearer cost advantage as they scale local assembly and component integration.

According to Cirium’s June 2026 On-Time Performance report, Air India achieved an on-time arrival rate of 86.85 per cent across 15,135 flights during the month. The airline also recorded an 86.23 per cent on-time departure rate and a 99.7 per cent completion factor, indicating that nearly all scheduled flights were operated.

The partnership is aimed at bringing modular and scalable BESS solutions to India. Pixii, headquartered in Norway, specialises in modular battery energy storage platforms built around power conversion, energy management and scalable cabinet-based systems. Its PowerShaper product family is designed as an all-in-one energy storage solution that integrates converter modules, battery modules and a gateway controller for on-grid and off-grid applications.

UPI is now operational in 10 countries outside India: Bhutan, Singapore, United Arab Emirates, Nepal, France, Mauritius, Sri Lanka, Qatar, Cambodia and Greece. This expansion marks a major milestone in India’s digital public infrastructure journey and strengthens the country’s presence in the global payments ecosystem.

The industry recorded a turnover of ₹7.60 lakh crore, equivalent to around US$ 85.9 billion, registering 12.7 percent growth in rupee terms over the previous financial year. This performance shows the sector’s expanding role in India’s manufacturing economy and its growing importance within the global automotive supply chain.