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New Delhi, June 24 : India and the United States have concluded a series of meetings aimed at advancing a mutually beneficial bilateral trade agreement, focusing on expanding economic cooperation and deepening trade and investment ties between the two countries.

Officials from both sides reviewed ongoing discussions and explored pathways to enhance market access, strengthen supply chain resilience and promote balanced trade growth.

The talks are part of continuing efforts to build a comprehensive trade framework that supports businesses, improves economic opportunities and encourages greater collaboration across key sectors including goods, services and emerging technologies.

Both countries reaffirmed their commitment to working together to address outstanding issues and create a more predictable and stable trade environment for businesses and investors.

The discussions also highlighted the importance of strengthening bilateral economic relations in the context of evolving global trade dynamics and shared strategic interests.

Further engagement is expected as both sides continue to work toward finalising a mutually beneficial trade pact.q

June 26: On June 24, Feintool officially inaugurated its first production facility in India, located in the industrial hub of Pune. Production is now being ramped up to fulfil initial customer orders, with a focus on fine-blanked automotive components.
 

At the opening ceremony, CEO Lars Reich underlined the strategic relevance of the new site: “Feintool is proud to meet its customers’ demand for local production in India with the facility in Pune. We are in the right place at the right time to benefit sustainably from the momentum in the Indian automotive industry and to capitalize on further opportunities in the growing industrial markets in India.”

With 18 production sites across Asia, Europe, and the United States, Feintool offers large-series manufacturing of high-precision components based on its core technologies: fineblanking, cold forming, and e-lamination stamping.

Marcel Pernici, President of Feintool Asia, highlighted the strengths of Feintool: “With our ‘local-for-local’ approach, we supply our customers directly in their regional markets while leveraging Feintool’s global technological expertise. This makes us more agile and less dependent on geopolitical developments, while ensuring the high level of reliability our customers expect.”

India is already the world’s third-largest automotive market and is expected to grow strongly. At the same time, the country is gaining importance as an export hub. Many of Feintool’s existing automotive customers are expanding their activities in India and require reliable local supplier support.

Tobias Gries, Managing Director India, is responsible for building Feintool’s business in the region: “We have established a strong team in India. With Feintool’s global expertise, we are now ramping up production in Pune—starting with fineblanked automotive seating systems. Looking ahead, we are ready to expand into cold forming, e-motor core production and even hydrogen applications. The plant is fully prepared for further expansion as demand develops.”

The new Pune site reflects Feintool’s core strengths: a clear local-for-local strategy, globally leading technological expertise, and a consistent focus on customer and market needs. 

Jaipur, June 24: Namdev Finvest Limited (formerly known as Namdev Finvest Private Limited), a leading non-banking financial company (NBFC) serving customers across Tier II and Tier III markets, has announced key milestones in its growth journey including the transition to a limited company and an upgrade of its long-term credit rating to A- by ICRA. These developments mark a significant step forward in the company’s evolution, reflecting its strong financial performance, robust governance framework, and continued focus on driving financial inclusion and sustainable growth across underserved segments in India. 

The transition to a limited company represents an important structural milestone in Namdev Finvest’s journey, strengthening its institutional framework, technology adoption, processes and positioning the organisation for its next phase of growth. It reflects the company’s expanding scale, evolving governance standards, and long-term commitment to building a more resilient and future-ready business.

The transition is accompanied by a refreshed identity that reflects Namdev Finvest‘s evolution into a modern, institutional, and scalable organization. While the identity has evolved, the mission remains unchanged: serving Bharat’s underserved entrepreneurs with discipline, dignity, and capital. New identity, same conviction. 

Complementing this milestone, Namdev Finvest has also received an upgrade in its long-term credit rating to A- by Investment Information and Credit Rating Agency of India Limited (ICRA), a well-established credit rating agency in India. The upgrade is a strong validation of the company’s improving financial strength, disciplined risk management framework, and consistent operational performance. 

Commenting on the milestone, Mr. Jitendra Tanwar, Managing Director & CEO, Namdev Finvest Limited, said, “We are pleased to announce a defining milestone in the journey of Namdev Finvest. The transition to Namdev Finvest Limited, along with the upgrade in our long-term credit rating, goes beyond corporate achievements and reflects the trust and confidence placed in us by our customers, lending partners, investors, shareholders, and employees over the years. As we move into this new phase, our mission remains unchanged: to empower individuals, entrepreneurs, and communities through accessible and responsible financial solutions. We believe these milestones strengthen the foundation for our future growth and reinforce our commitment to building a transparent, resilient, and customer-centric institution that contributes meaningfully to India’s economic progress.”

These milestones mark the beginning of a new chapter for Namdev Finvest as it continues to strengthen its market presence, expand its impact, and create long-term value for stakeholders. With a stronger foundation, enhanced credibility, and a clear long-term vision, the company is well-positioned to pursue its growth ambitions while further advancing financial inclusion across India and reaching underserved markets.

June 24: India is positioned to play a central role in driving the fastest-growing segment of Amazon’s global operations, according to Amazon CEO Andy Jassy.

Highlighting the country’s strategic importance, Jassy said India’s large customer base, expanding digital infrastructure and rapid adoption of e-commerce are contributing to strong business momentum in the region.

He noted that India continues to be one of Amazon’s most dynamic markets, supported by increasing internet penetration, growing small and medium business participation and rising demand for online retail and digital services.

The company sees significant long-term opportunities in India across e-commerce, cloud services and digital innovation, driven by the country’s evolving consumption patterns and technology adoption.

Industry observers say India’s growing digital economy and supportive regulatory environment are helping global companies scale their operations and deepen market presence.

The remarks underscore India’s importance in Amazon’s global strategy as the company continues to invest in technology, logistics and infrastructure to strengthen its presence in the country.