🏦 Economy / Policy
• Government has sought Parliament approval for additional expenditure of ₹2.81 trillion in FY26, reflecting higher spending needs 📊
• India’s textile recycling market is projected to reach $3.5 billion by 2030, potentially creating around 1 lakh jobs, according to a report 👕📈
• Bharat Tex 2026 initiative has been launched in Delhi, signalling renewed policy focus on boosting textile exports and investments 🧵🌍
• Government has eased FDI norms for bordering nations including China, potentially unlocking investments in electronics, renewables and other sectors 💹
🏢 Companies / Sectors
• Gas distribution stocks such as Adani Total Gas and Gujarat Gas rallied up to 15% amid the domestic gas crisis and expectations of supportive policy action 🔥📈
• Mazagon Dock Shipbuilders has been granted Navratna status, with an order book of about ₹23,758 crore, strengthening its defence PSU profile ⚓📊
🌍 Global / World
• US President Trump announced plans for the first new US oil refinery in 50 years with India’s Reliance, signalling deeper energy collaboration 🛢️🌍
• Volkswagen plans to cut about 50,000 jobs in Germany by 2030 as it restructures amid profit pressure and the EV transition 🚗⚠️