India and Japan have agreed to promote financial cooperation and strengthen bilateral relations at the second India-Japan Finance Dialogue in Tokyo, a finance ministry statement said.

The participants exchanged their views on the macroeconomic situation in both countries.

"They discussed cooperation in third countries, bilateral cooperation, and international issues. The participants also shared views on financial sector issues, including regulation and supervision, financial digitalisation, as well as other policy initiatives in both countries," it said.

Korean brand Daewoo on Monday announced its foray into the kitchen and home appliances segment in India as it looks to capture a larger share of the growing Indian market.

The company, which entered the domestic market last year, offers a range of LED TVs, IFP LEDTVs, Alkaline and battery inverters.

It said that the company's entry into India has been met with overwhelming success, prompting the brand to accelerate journey in the domestic market and expand its product portfolio with smart kitchen and home appliances.

The automotive industry needs to become self-reliant in production of electronic parts, especially semiconductors, in order to curtail dependence on costly imports and maintain affordability for products on sale, Maruti Suzuki India MD and CEO Hisashi Takeuchi said on Monday.

Speaking at the 64th annual ACMA session here, he noted that the automotive industry is undergoing a transformative shift driven by increasing demand for comfort, convenience, safety and adherence to evolving regulations.

Arnya Realestates Fund Advisors, an alternative investment management firm, has raised ₹375 crore in its maiden debt fund from investors.

In a statement, the company said on Monday that it has closed the first round of its 'Arnya Real Estate Fund - Debt'.

The maiden fund, launched in April 2024, aims for a total corpus of ₹1,000 crore, with an additional green shoe option of ₹1,000 crore.

JSW Group firm JSW Infrastructure Limited on Monday said it has approved a capex of ₹2,359 crore for the capacity expansion at its Jaigarh and Dharamtar Port.

As a part of the company's FY2030 growth plan to increase capacity to 400 million tonnes per annum (MTPA) from the existing capacity of 170 MTPA, the Board of the respective subsidiary companies has approved a total capacity expansion plan of 36 MTPA (21 MTPA at Dharamtar and 15 MTPA at Jaigarh), a statement said.

India's agrochemical exports could increase to over ₹80,000 crore in the next four years provided the industry is facilitated with conducive environment, according to a report by AFCI and EY.

A report by Industry body Agro Chem Federation of India (ACFI) and EY titled 'Indian Agrochemical Industry: The Story, the challenges and the aspirations' noted that the exports of agrochemicals stood at ₹43,223 crore in the 2022-23 fiscal.

"India's Agrochemical exports outweigh the domestic consumption of the same. The Indian exports by agrochemical industry have witnessed commendable growth in recent times," said the report which was released at the 7th AGM of ACFI held recently.

The Indian automotive industry has crossed the ₹20 lakh crore mark in FY24 and now contributes 14-15% of the total GST collected in the country, SIAM President Vinod Aggarwal said on Monday.

The auto sector also contributes significantly to the direct and indirect employment generation in the country, he said while speaking at the 64th annual ACMA session here.

Ingka Centres, a part of Ingka Group that operates IKEA retail, will invest €607 million (about ₹5,500 crore) to set up its second meeting place in India at Noida under the Lykli brand, taking its overall investment in the country to a €1 billion, according to the company's Global Expansion & Development Director Sebastian Hylving.

It is betting big on the Indian market and is looking at expanding where IKEA plans to open its outlets in the country, although the opening of its first meeting place in Gurugram -- Lykli Gurugram -- has been pushed to 2026 from the originally planned opening in late 2025.

IFFCO Tokio General Insurance Company on Monday announced the appointment of Subrata Mondal as the new Managing Director and Chief Executive Officer.

Mondal, who has been associated with the company since 2001, brings over 36 years of experience in the insurance industry to his new leadership role, IFFCO Tokio General Insurance Company (IFFCO Tokio) said in a statement.

Renewable energy solutions provider Suzlon on Monday said it has bagged India's largest wind energy order of 1,166 MW from NTPC Green Energy Ltd.

Engineering and automotive components maker Pritika Group is eying ₹950 crore sales in next three years on the back of strong order book of ₹650 crore.

This growth plan is driven by rising demand in the engineering and automotive components industry, a company statement said on Monday.

Building on a strong performance in financial year 2023-24 and a robust start in the April-June quarter of FY25, the company aims to capitalize on the rising demand in the engineering and automotive components industry, Harpreet S Nibber, Managing Director, Pritika Engineering Components Ltd. added.

Cash-strapped Pakistan is facing an unprecedented financial crisis driven by a complex web of challenges, a prominent Pakistani-American economist has warned.

Princeton economist Atif Mian points to the convergence of skyrocketing domestic and external debts, unsustainable pension liabilities, and a failing power sector as critical factors plunging Pakistan into an economic abyss, the Dawn newspaper reported.

His assessment paints a grim picture, suggesting that Pakistan's economic distress is uniquely severe, making it a stark example of fiscal mismanagement on the global stage.