🛡️ Economy & Policy
- Defence Boost: Cabinet approves ₹62,000 Cr for 97 Tejas Mark-1A fighter jets, bolstering India’s indigenous aerospace sector.
- Global Trends: Both India & China trim their holdings in US Treasuries, signalling diversification amid global uncertainties.
💡 Opinion
- Tariff Outlook: S\&P says US tariffs will hurt near-term trade but won’t derail India’s long-term growth trajectory.
🏢 Companies
- BigBasket Strategy: Shuts down Fresho offline stores, shifting focus entirely to quick-commerce for faster growth.
- EV Innovation: Chennai-based Raptee to launch India’s first high-voltage electric motorcycle by November, targeting premium EV buyers.