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BENGALURU: HP Inc has partnered with Metal Injection Molding (MIM) company Indo-MIM to mass produce metal 3D parts in India. The company is looking at a nearly 40 per cent growth in India, said Savi Baveja, President of Personalisation and 3D Printing, HP. With HP’s 3D Binder Jet technology,...
CHENNAI: Electric car sales keep rising and could reach about 17 million in 2024, accounting for more than one in five cars sold worldwide, according to a report ‘The Global EV Outlook 2024 by the International Energy Agency (IEA). In 2023, global sales of electric cars reached close to...
India is the fourth largest military spender in the world with its military expenditure 83.6 billion dollars in year 2023. This is 4.2 per cent higher than in 2022, said the Stockholm International Peace Research Institute (SIPRI) in its annual report released on Monday. The biggest spender is USA...
NEW DELHI: In a groundbreaking collaboration aimed at empowering marginalized communities, the National Skill Development Corporation (NSDC) and the International Society for Krishna Consciousness (ISKCON) is all set to provide vocational training to tribal and underprivileged youth across multiple states. The strategic partnership will initially focus on skilling youth...
NEW DELHI: The Centre may disinvest minority stakes in five public sector banks (PSBs) if they fail to comply with the minimum public shareholding (MPS) norm by raising fresh capital from the market in a year, official sources told FE. According to the Securities and Exchange Board of India...
MUMBAI: More than half a dozen foreign portfolio investors (FPIs) that owned substantial stakes in Adani Group firms are looking to settle securities violation matters with markets regulator Sebi, said people familiar with the matter. They have agreed to pay a certain amount as fines, the people said. The...
NEW DELHI: Supplementing the efforts of the Indian government to achieve a net-zero emission target by 2070, as many as 51 per cent of the top-100 companies have started making disclosures on a voluntary basis about carbon emissions, says a PwC India survey. The survey further said that about...
NEW DELHI: The government is examining if foreign direct investment norms (FDI) for banking, insurance and defence can be further liberalised, after rules were relaxed for the space and satellite sectors recently. Officials said that although the bulk of the heavy lifting in terms of FDI reforms has been...
MUMBAI: Soon tech start-ups can start testing their services and products on a telecom network without getting into a bilateral deal with a specific operator. The telecom regulator has suggested that a start-up with interesting products and services that will benefit users at large can seek direct permission from...
WASHINGTON: During the annual Spring meetings of the IMF and the World Bank there was a widespread appreciation of the role played by India during its G-20 presidency in building consensus on a range of key global issues, a top Indian official has said. India hosted the G20 Summit...
CHENNAI: India is slowly becoming a convenient hub for travel between Southeast Asia and the Middle East as airlines prefer to transfer people by connecting through Indian cities, a top industry official said. There is huge growth in India and many domestic routes are used by airlines for connectivity,...
AHMEDABAD: Union Finance Minister Nirmala Sitharaman on Saturday said the Centre has tailored policies to make India an attractive destination for manufacturing and services, and the aim was to produce not just for the domestic market but for exports as well. She was responding to a query on American...
NEW DELHI: India’s net direct tax collections surged by a massive 17.7 per cent year-on-year to Rs 19.58 crore in the fiscal year ended March 2024, surpassing even revised estimates by a wide margin, the tax department said on Sunday. Net collections of income and corporate taxes, which make...
MUMBAI: Gems and jewellery exports declined by 12.17 per cent to Rs 2,65,187.95 crore (USD 32,022.08 million) during 2023-24, compared to the previous financial year due to high interest rates in the US and slow recovery in China, Gem and Jewellery Export Promotion Council (GJEPC) data showed. Gems and...
MUMBAI: The strong growth momentum gives the central bank the policy space to ‘unwaveringly focus’ on lowering inflation, Reserve Bank of India governor Shaktikanta Das said in the minutes of latest the monetary policy meeting, released on Friday. The prevailing geopolitical tensions and their impact on commodity prices and...
NEW DELHI: The Telecom Regulatory Authority of India’s (Trai’s) decision to begin consultations on opening up several 5G high-bands or millimetre wave (mmWave) spectrum will not compensate for the lack of 5G spectrum in mid bands and especially 6 gigahertz (GHz), telco officials believe. On April 4, Trai released...
NEW DELHI: The Centre may sell up to 10% stake in state-run General Insurance Corporation (GIC Re) in the current financial year, a senior official told FE. “GIC Re received a very good response in the roadshows held recently to apprise potential investors of the company’s unique position in...
MUMBAI: A month after raising over Rs 9,000 crore from TCS stake sale, Tata Sons has approached RBI seeking an exemption from a mandatory IPO. The holding company of the $150-billion salt-to-software Tata Group has informed RBI, in the fresh proposal, that it has reduced its debt significantly. Tata...