{"id":85139,"date":"2025-11-24T00:00:00","date_gmt":"2025-11-24T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/mena-india\/eight-core-industries-clock-weakest-performance-in-14-months\/"},"modified":"2025-11-24T00:00:00","modified_gmt":"2025-11-24T00:00:00","slug":"eight-core-industries-clock-weakest-performance-in-14-months","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/mena-india\/2025\/11\/24\/eight-core-industries-clock-weakest-performance-in-14-months\/","title":{"rendered":"Eight core industries clock weakest performance in 14 months"},"content":{"rendered":"

Good morning, friends. It\u2019s one thing to call for reforms \u2014 another to manage (and pay <\/strong>for) the implementation costs <\/strong>when it finally comes. That\u2019s the theme running through our first issue of the week, which opens with a deep dive into the Modi government\u2019s long-awaited labor reforms<\/strong>. Big business is largely happy, but labor unions are grumbling and entrepreneurs warn that small and midsized businesses will need some breathing room.<\/p>\n

Meanwhile, a policy expert warns that the digital data privacy act will raise compliance <\/strong>and operational costs<\/strong> for businesses in India \u2014 particularly for small businesses. And we have an exclusive story about an Indian startup that says it can make the cost of compliance more bearable <\/strong>for Gulf-based financial services businesses. <\/p>\n

ALSO TODAY- Adani<\/strong> has completed offloading a stake in AWL Agri Business<\/strong>, while Jindal<\/strong> group is nearing an agreement to acquire Raigarh Champa Rail Infrastructure<\/strong> and Axis Bank<\/strong> is set to raise INR 50 bn in a strategic push. <\/p>\n

^^ We have all of that and more, below. <\/p>\n

SIGN OF THE TIMES-<\/p>\n

Banks<\/strong> and refineries in India and China are starting to comply with US sanctions on <\/strong>Russia\u2019s two main oil producers<\/strong>, Lukoil and Rosneft, Reuters<\/a> reports, citing a senior US Treasury official. <\/p>\n

These institutions are \u201crisk-averse\u201d<\/strong> and mindful of maintaining access to Western financial systems, the official said, adding that both countries are reassessing their exposure after last month\u2019s sanctions targeting revenue Moscow allegedly uses to fund the war effort in Ukraine. <\/p>\n

REMEMBER- <\/strong>Reliance pulled<\/a><\/strong> the plug on Russian imports last week<\/strong>, switching away from Moscow\u2019s crude for its export-oriented facility.<\/p>\n

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WATCH THIS SPACE- <\/p>\n

<\/a> #1-<\/strong> India\u2019s core sectors ran into a wall in October.<\/strong> The eight key infrastructure industries that together make up 40% of the industrial production index posted zero growth<\/strong>, their weakest showing in 14 months, government data<\/a> shows.<\/p>\n