Earlier, L&T had signed the (same) Master Ship Repair Agreement (MSRA) with the US Navy. Shares of Mazagon Dock Shipbuilders Ltd ended at Rs 2,087.75, up by Rs 182.65, or 9.59 percent on the BSE.

Liu emphasized the opportunities India offers for the development of ecosystems and industrial chains. Comparing India's current trajectory to China's past, he acknowledged that while it took more than three decades for China to build its manufacturing ecosystem, India is poised to achieve a similar feat in a shorter time frame.

The debate around promoter classification of startup founders who enjoy same powers but do not have to comply with same restrictions is raised by proxy advisory firm, IIAS. Experts are of the view that there needs to be regulatory steps taken to make startup founders with control and power over companies to comply with the same rules as promoters. Nisha Poddar discusses this issue with experts Hetal Dalal, President and COO, IiAS and Sandeep Parekh of Finsec Law Advisors in Big Deal.

India's top conglomerates Tata, Birla, Reliance, and Mahindra Group representatives signed a declaration of intent at the Singapore Mediation Centre in an effort to improve the resolution mechanism.