Business
IIP sees 4.8% YoY growth in January; manufacturing & electricity support rise – The Times of India
India’s Index of Industrial Production saw a 4.8% increase year-on-year in January 2026, according to the Ministry of Statistics & Programme Implementation. The rise in industrial output was largely driven by a 4.8 per cent expansion in manufacturing and a 5.1 per cent improvement in electricity generation. Mining activity also supported overall growth, registering a 4.3 per cent uptick during the month.Estimates placed IIP at 169.4 for January 2026, compared with 161.6 in January 2025. This follows a stronger reading in December 2025, when industrial production had grown by 7.8 per cent. For January 2026, the sector-specific indices stood at 157.2 for mining, 167.2 for manufacturing and 212.1 for electricity.Within manufacturing, 14 of the 23 industry groups at the NIC two-digit level posted year-on-year gains in January. The strongest contributors were manufacture of basic metals, which rose 13.2 per cent; manufacture of motor vehicles, trailers and semi-trailers, up 10.9 per cent; and manufacture of other non-metallic mineral products, which increased 9.9 per cent. Growth in basic metals was supported by items such as flat products of alloy steel, MS slabs, and hot-rolled coils and sheets of mild steel.The automobile category advanced on the back of higher output of auto components and spare parts, commercial vehicles, and bus and minibus bodies or chassis. In the non-metallic mineral products segment, cement of all types, cement clinkers and stone chips were key contributors.According to use-based classification, output of primary goods grew 3.1 per cent, capital goods rose 4.3 per cent and intermediate goods increased 6 per cent compared with January 2025. Infrastructure and construction goods recorded the sharpest rise at 13.7 per cent, while consumer durables expanded 6.3 per cent. In contrast, consumer non-durables declined by 2.7 per cent. The ministry identified infrastructure and construction goods, intermediate goods and primary goods as the leading drivers of growth under this classification.
As governments across the world restricted the movements of their citizens during Covid lockdowns from 2020, people spent more time online. We bought more online and socialised more online, and this brought us closer to the people who want to scam us. At the same time, realistic video impersonations, voices, websites, and texts became more commonplace, and scammers increased their use of social media including WhatsApp.
The conflict in the Middle East has caused rapid price rises for both petrol and diesel.
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Business
NaBFID signs pact with PDCOR to expand advisory support for state projects – The Times of India
The National Bank for Financing Infrastructure and Development (NaBFID) has signed a Memorandum of Agreement with Projects Development Company of Rajasthan Limited (PDCOR) to strengthen advisory services for state and city-level infrastructure projects.The agreement will also allow both institutions to jointly explore financing and transaction advisory opportunities, including transaction structuring, commercial and technical due diligence, and support for financial closure of projects undertaken by state governments and urban local bodies across India, according to PTI.“This collaboration seeks to enhance access to long-term institutional finance for State Governments and Urban Local Bodies, while strengthening the infrastructure advisory and financing ecosystem,” Rajkiran Rai G., Managing Director of NaBFID, said.He added that the partnership would help both institutions jointly pursue project advisory opportunities, develop replicable financing frameworks, accelerate financial closures and mobilise capital across the infrastructure value chain.Monika Kalia, DMD-CFO, NaBFID, said the tie-up would leverage the strengths of both organisations to provide much-needed advisory support to states and urban local bodies for impactful urban infrastructure projects.Dileep Chingapurath, Chief Executive Officer, PDCOR, said the agreement would address the long-felt need for end-to-end professional support to structure and mobilise sustainable financing solutions, particularly for state governments and their agencies.“Through this collaboration, both institutions aim to enhance the quality of project preparation, mobilise institutional capital more effectively and accelerate the implementation of sustainable infrastructure projects across states and municipalities,” he said.NaBFID is a Development Financial Institution focused on long-term infrastructure financing, while PDCOR is an undertaking of the Government of Rajasthan.
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