May 16, 2026

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Startup push: DPIIT signs MoUs with 50+ firms to boost manufacturing innovation; aims to scale startup ecosystem through industry tie-ups

contact@dailyupdatesindia.com02 mins

The Department for Promotion of Industry and Internal Trade (DPIIT) has signed over 50 memoranda of understanding (MoUs) with leading companies–including ITC, Flipkart, Mercedes-Benz, boAt, and Hero MotoCorp –to strengthen the manufacturing and innovation ecosystem for startups, an official said.As part of the initiative, the department has been engaging with corporates, industry associations, veterans, and…

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Banking vision: India needs big, world-class banks, says FM Sitharaman; discussions on with RBI to expand scale

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Finance Minister Nirmala Sitharaman on Thursday said India needs large, world-class banks to support its expanding economy, adding that the government is in talks with the Reserve Bank of India (RBI) and lenders to build scale and strengthen the sector.Speaking at the 12th SBI Banking and Economics Conclave 2025, Sitharaman urged banks to deepen and…

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Marine growth: India must scale up mariculture to 25 lakh tonnes by 2047; says CMFRI Director

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India needs to boost mariculture production to 25 lakh tonnes by 2047 from the current 1.5 lakh tonnes to meet the country’s rapidly growing seafood demand, CMFRI Director Grinson George said on Saturday.Speaking at the launch of a training programme for fish farmers under the central government’s Pradhan Mantri Dhan Dhanya Krishi Yojana (PMDDKY), George…

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Mutual funds scale Rs 75 lakh crore AUM: Share of passive funds has more than doubled – Here’s all you need to know

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India’s mutual fund industry continues its strong growth trajectory, scaling a fresh peak in August 2025, with assets under management (AUM) touching an all-time high of Rs 75.19 lakh crore — up 12.7% from Rs 66.7 lakh crore a year ago, according to a Franklin Templeton report.Equity-oriented schemes continue to dominate, with AUM at Rs…

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Record cargoes: Russia’s crude exports climb to 16-month highs; refineries scale back due to Ukraine attacks

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JPMorgan Chase & Co. estimates indicate that Russian refining operations have declined to under 5 million barrels daily. (AI image) Russia’s crude oil exports have climbed to a 16-month high at a time when its own refineries are reeling under drone attacks from Ukraine. Vessel-tracking data compiled by Bloomberg shows that the four-week average exports…

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India eyes its own Big Four! PMO to review regulatory changes on September 23; domestic audit firms aim to scale globally

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File photo: PM Modi (Picture credit: ANI) The Prime Minister’s Office (PMO) will hold a meeting on September 23 to discuss regulatory changes and other measures aimed at enabling domestic audit and consultancy firms to scale up to compete with the Big Four globally, people familiar with the matter said. According to ET, the meeting…

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