Maharashtra

Coal India Ltd (CIL), the country’s largest coal producer and a state-owned Maharatna enterprise, has entered into a strategic memorandum of understanding (MoU) with Indian Port Rail & Ropeway Corporation Ltd (IPRCL) to advance its rail infrastructure capabilities. The agreement, though non-binding, signals a concerted effort to streamline coal evacuation and improve logistics efficiency across CIL and its subsidiaries.

According to the latest 'Roti Rice Rate' report by Crisil, home-cooked meal prices have seen a slight decline due to lower vegetable costs. The report reveals that the price of a vegetarian thali fell marginally, while non-vegetarian thalis saw a more significant drop in May 2025 compared to April 2025 and the same period last year. The decrease is largely attributed to a sharp fall in vegetable prices, particularly tomatoes, onions, and potatoes, as well as a drop in broiler prices. However, certain costs like vegetable oil and LPG saw a rise, partially offsetting the overall decline.

India is witnessing a resurgence in COVID-19 cases, with active infections surpassing the 4,000 mark within a span of three days. The southern states of Kerala, Maharashtra, and Gujarat are reporting the highest number of new cases. The Ministry of Health and Family Welfare has confirmed five new fatalities, all involving individuals with underlying health conditions. This uptick in cases has prompted renewed vigilance and preventive measures across the country.

Wheels India Ltd has outlined an ambitious capital expenditure plan of Rs 250 crore for the current financial year, prioritizing manufacturing capacity expansion for windmill components. The company, led by Managing Director Srivats Ram, anticipates robust growth in its overseas business, building on steady groundwork laid over recent years. Despite a marginal decline in revenue to Rs 4,425 crore for FY25, Wheels India posted a strong net profit of Rs 105.9 crore, reflecting operational resilience.

India's hospitality landscape is witnessing significant expansion as two of the country’s premier hotel chains—ITC Hotels and Indian Hotels Company Limited (IHCL)—announced major developments in Telangana and Maharashtra. ITC Hotels signed an agreement to introduce its Welcomhotel brand in Hyderabad's Shankarpally area, marking its third property in the city. Meanwhile, IHCL inaugurated the 156-key Taj Alibaug Resort & Spa, its first property in Alibaug, a favorite getaway near Mumbai.

India is confronting a sharp rise in heat-related risks, with over half its districts—home to three-quarters of its population—classified as facing "high" or "very high" vulnerability to extreme heat. A comprehensive new study by the Council on Energy, Environment and Water (CEEW) outlines the expanding threat, driven by increasingly hot days and, more alarmingly, persistently warm nights. The data signals growing health and economic consequences, particularly in urban and densely populated areas.

Grid Controller of India Ltd (Grid-India) announced the appointment of Amit Kumar Jain as its new Director (Finance) on Thursday. Jain, who brings extensive financial expertise from his previous role as General Manager (Finance) at Power Grid Corporation of India (POWERGRID), will now lead the financial strategies at Grid-India. A Commerce Graduate from Ajmer University and a qualified Chartered Accountant, Jain’s appointment marks a strategic move for the company as it continues to strengthen its financial leadership in the power sector.

In a significant fiscal milestone, the state of Haryana has emerged as the fourth-highest contributor to India’s Goods and Services Tax (GST) collection, recording Rs. 14,057 crore in April 2025. This achievement comes amid a historic national GST collection of Rs. 2.37 lakh crore for the same month. Surpassing both Tamil Nadu and Uttar Pradesh, Haryana’s 15.7% year-on-year growth in State GST is being credited to tech-enabled governance, policy efficiency, and robust compliance mechanisms.

The Ministry of Corporate Affairs is moving forward with the removal of over 3,300 companies from official records, following their requests for deregistration under the provisions of the Companies Act. The strike-off process, which impacts companies that have either failed to commence business or have not been operational for two consecutive years, is part of a broader initiative to clean up inactive entities. With Maharashtra and Delhi leading the list, this move aims to streamline the corporate sector and improve the accuracy of business data.

The Maharashtra government has unveiled a transformative policy aimed at establishing the state as a major center for shipbuilding, repair, and recycling. With a goal of contributing one-third to India’s shipbuilding targets by 2030, the policy includes financial incentives, such as capital subsidies, skill development assistance, and concessional land leases. The policy also seeks to create a robust ecosystem, focusing on infrastructure, skilled labor, and R&D, to support the maritime sector.