India’s exports fell for the fourth straight month in June as shipments of key segments like petroleum and textiles declined but the country’s trade turned surplus for the first time in 18 years as imports dropped by a steeper 47.6%

The government of India has called off the merger of the three public sector non-life insurers - National Insurance, Oriental Insurance and United India Insurance - and has announced an additional capital infusion of £995 million

Though India's factory output showed sharp decline for the third consecutive month in May as the national lockdown imposed to contain coronavirus took a toll on several sectors such as manufacturing, but the pace of decline narrowed

The gradual production shift from China has begun with Foxconn planning to invest up to $1 billion to expand a factory in Sriperumbur, near Chennai, where the Taiwanese contract manufacturer assembles Apple iPhones

ArcelorMittal and Nippon Steel joint venture - AMNS India - plans to invest £2 billion for future expansion of its integrated steel plant at Hazira near Surat