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By Author
Published on February 3, 2026
The United States has announced a significant trade agreement with India that will reduce tariffs on Indian goods to 18%, down from the earlier 50%, in exchange for India agreeing to halt purchases of Russian oil.
US President Donald Trump shared the announcement on social media after a call with Prime Minister Narendra Modi, stating that India would now source oil from the United States and potentially from Venezuela. A White House official confirmed that Washington would remove a punitive 25% duty imposed over India’s continued Russian oil imports, which had been added on top of a reciprocal tariff structure.
Prime Minister Modi welcomed the move, calling the revised tariff rate a positive step for Indian exporters. In a post on X, he said India was grateful for the reduction, noting that “Made in India” products would now face lower duties in the US market.
The announcement triggered a strong rally in Indian stocks listed in the US. Shares of Infosys, Wipro, and HDFC Bank closed sharply higher, while the iShares MSCI India ETF also gained, reflecting renewed investor confidence. Indian markets, which had struggled under the weight of higher tariffs and foreign investor outflows in 2025, responded positively to the development.
According to Trump, India has also committed to buying over $500 billion worth of US energy, including oil and coal, along with technology, agricultural products, and other goods. He added that India would move towards reducing both tariff and non-tariff barriers on American products.
While the announcement outlined broad commitments, several operational details remain unclear. The White House has not yet issued a formal proclamation or Federal Register notice specifying when the new tariff rates will take effect or the timeline for India’s exit from Russian oil purchases. Indian ministries have also not released an official statement so far.
Economists believe the agreement brings India closer in line with other Asian economies, where tariff rates typically range between 15% and 19%. Analysts say the deal removes a major drag on Indian exports and could provide stability to the rupee, which had come under pressure amid global trade tensions.
The deal comes shortly after India concluded a landmark trade agreement with the European Union, covering nearly 97% of traded goods by value. Together, these developments mark a shift towards deeper trade integration for India at a time of global economic uncertainty.
India, the world’s third-largest oil importer, has relied heavily on discounted Russian crude since 2022. However, recent data shows that imports from Russia have already begun to slow, suggesting that New Delhi has been preparing for a transition in its energy sourcing strategy
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By Hariharan U
Published on July 16, 2026
Adie Broswon Breweries (ABB), a division of The Adie Broswon Group, has entered into a long-term manufacturing arrangement with United Breweries Limited (UBL), strengthening its position as a key player in North India’s brewing and manufacturing ecosystem.
The partnership will leverage ABB’s advanced 12 million-case brewing facility, one of the largest brewing infrastructures in the region, enabling the company to support large-scale production requirements for leading beverage companies while enhancing manufacturing capabilities and operational efficiency.
Powered by German brewing technology from Ziemann, ABB’s brewery achieved its highest-ever annual production milestone of more than 5 million cases during FY2025–26. The facility operates on renewable-energy-powered systems and follows globally recognised manufacturing standards, including FSSC 22000 and QMS certifications, highlighting its commitment to quality, food safety, and sustainable operations.
The collaboration comes at a time when India’s beer industry is witnessing a shift towards more specialised manufacturing partnerships. Beverage companies are increasingly adopting strategic production arrangements to optimise regional supply chains, improve asset utilisation, and enhance production flexibility.
Large-scale breweries equipped with advanced technology, certified quality systems, and sustainable infrastructure are becoming increasingly important in supporting the growth and evolving requirements of India’s beverage sector.
The manufacturing arrangement with UBL further reinforces ABB’s capabilities as a reliable brewing partner with the scale, technology, and operational expertise required to support established beer brands across markets.
With its focus on manufacturing excellence, sustainability, and innovation, Adie Broswon Breweries continues to strengthen its role in India’s brewing ecosystem while contributing to the next phase of growth in the country’s beverage industry
By Manu Vardhan Kannan
Published on July 14, 2026
Nimbus Projects Limited (Nimbus Group), one of North India's leading real estate developers, has reported strong operational performance for the first quarter of FY27, driven by robust residential demand, higher customer collections and continued progress across its project portfolio.
During Q1 FY27, the company recorded a pre-sales booking value of ₹157.36 crore, marking a 134.31% year-on-year increase from ₹67.16 crore reported in the same quarter of the previous financial year.
Customer collections also witnessed healthy growth, rising 49.75% to ₹75.91 crore from ₹50.69 crore in Q1 FY26. The company said the increase reflects stronger cash flow, sustained customer confidence and efficient project execution.
Nimbus Group attributed its quarterly performance to its disciplined execution strategy, customer-focused approach and growing presence in the rapidly developing real estate markets of Noida, Greater Noida and the Yamuna Expressway (YEIDA) region. These markets continue to benefit from major infrastructure developments, improved connectivity and rising demand from homebuyers.
Particulars
Q1 FY26
Q1 FY27
Growth
Pre-Sales Booking Value
₹67.16 crore
₹157.36 crore
134.31%
Customer Collections
₹50.69 crore
₹75.91 crore
49.75%
Commenting on the performance, Mr. Bipin Agarwal, Chairman and Managing Director, said:
"The strong growth in pre-sales reflects sustained homebuyer confidence and healthy demand across our key markets. Our focus on timely execution and a disciplined sales strategy continues to support the steady conversion of bookings into collections, strengthening our cash flow position.
Looking ahead, the NCR, particularly Noida, Greater Noida and the Yamuna Expressway (YEIDA) corridor, is witnessing unprecedented infrastructure-led transformation. The launch of Noida International Airport, Ganga Expressway, expanding metro connectivity, industrial and logistics hubs, along with the proposed Japan City and Singapore City developments, have the potential to significantly enhance the region's investment appeal and reinforce long-term demand for quality residential and mixed-use developments.
As part of our long-term growth strategy, Nimbus is expanding beyond the NCR into high-potential markets across Uttar Pradesh. We have recently signed a Memorandum of Understanding (MoU) for the development of an integrated township project in Mathura, one of India's most revered holy cities, under the Uttar Pradesh Township Policy, 2023. We believe Mathura's growing religious tourism, improving infrastructure and increasing demand for organised real estate make it an attractive long-term growth market.
Building on this milestone, we are actively evaluating opportunities in other high-growth Tier II and Tier III cities, including Meerut, Vrindavan, Hapur, Rudrapur, Muzaffarnagar, Bareilly and Rohtak, through integrated townships and mixed-use developments. With our disciplined execution capabilities and customer-first philosophy, Nimbus is well-positioned to capitalize on these emerging opportunities while creating sustainable long-term value for our customers, investors and all stakeholders."
Looking ahead, the company plans to expand its footprint beyond the NCR by focusing on high-potential markets across Uttar Pradesh. Following the signing of an MoU for an integrated township project in Mathura under the Uttar Pradesh Township Policy, 2023, Nimbus Group is also evaluating opportunities in cities including Meerut, Vrindavan, Hapur, Rudrapur, Muzaffarnagar, Bareilly and Rohtak through integrated township and mixed-use developments.
Atelier Expressions, the premium lifestyle platform of TVS VENU, has entered into an agreement to acquire a majority stake in Lonestar Hospitality Private Limited, the company behind New Delhi-based luxury handcrafted mithai brand Khoya. The transaction marks another milestone in Atelier Expressions' strategy of building a portfolio of premium artisanal businesses rooted in cultural heritage and craftsmanship.
The acquisition, which is subject to customary closing conditions, is expected to be completed by the end of August 2026.
Through its investment platform, Atelier Expressions partners with heritage-led businesses to help them scale while preserving their authenticity and distinctive identity. Khoya joins a growing portfolio of premium lifestyle brands that combine traditional craftsmanship with contemporary consumer appeal.
Founded in 2016 by Sid Mathur, Khoya has built a strong reputation for reimagining traditional Indian mithai for modern consumers. The brand blends premium ingredients, artisanal craftsmanship, and refined presentation to create luxury confectionery rooted in India's rich culinary traditions. Its portfolio includes handcrafted mithai, chikki, mukhwas, savoury snacks, and premium gifting collections, available through its online channels and select retail outlets in Delhi.
As part of the transaction, Sid Mathur will continue to lead the business, retaining full operational and execution responsibilities alongside his existing leadership team.
Commenting on the acquisition, Tara Venu, Executive Director of Atelier Expressions, said Khoya perfectly represents the type of business the platform seeks to support. She noted that the brand has successfully reinterpreted one of India's oldest culinary traditions for a new generation while preserving its authenticity, making it a natural addition to Atelier Expressions' expanding portfolio.
Speaking on the partnership, Sid Mathur said the investment represents an important opportunity to scale Khoya's presence across India, explore new collaborations, and strengthen its position in the premium confectionery segment. He added that Khoya was founded on the belief that Indian mithai deserves the same craftsmanship, creativity, and attention to detail as the world's finest luxury food brands, and that Atelier Expressions shares the company's long-term vision for quality-led brand building.
Before launching Khoya, Mathur played a key role in developing well-known restaurant brands including Smoke House Deli and Social during his tenure with the Impresario Group. He also founded Secret Ingredient, one of India's leading food consultancy firms, which has worked with hospitality brands and food businesses including Taj Hotels, The Oberoi, Chaayos, DLF, GMR, and Veeba.
The acquisition further expands Atelier Expressions' premium lifestyle portfolio, which already includes French Limoges porcelain house J.L. Coquet, Dubai-based restaurant Khadak, and London luxury motorcycle helmet manufacturer Hedon. Through these investments, the platform continues to focus on businesses that combine cultural heritage, exceptional craftsmanship, and long-term growth potential.
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