Business
Govt Invites Bids For 20 MSME Technology Centres With Public Private Partnership
NEW DELHI: The government has sought requests for proposal (RFPs) for setting up 20 MSME Technology Centres under Public-Private Partnership (PPP) mode. For the first time, private players will partner with the industry to provide technological, incubation, and business advisory support. Establishing these centres will create additional capacity for...
Govt Moves To Fill 59% Vacant Independent Director Posts At CPSEs
NEW DELHI: About three in five independent director positions on the boards of various central public sector enterprises (CPSEs) are lying vacant, prompting the Centre to step up efforts to fill in the posts, people aware of the details said. As many as 441 of 750 independent or non-official...
India-Russia Trade Hits USD 66 billion In 2024; Target Of USD 100 billion By 2030 On Track: Russian Envoy
KOLKATA: A senior Russian diplomat on Wednesday said bilateral trade between the two countries has reached a record USD 66 billion in 2024, marking a fivefold increase over the past five years, with a 9 per cent rise in the first eight months of this year. The envoy said...
ICRA Revises Down Volume Growth Forecast For Cement Industry To 4-5 Per Cent For FY25
NEW DELHI: Rating agency Icra has revised down its volume growth forecast for the cement industry to 4-5 per cent at 445-450 million tonne for the current fiscal on account of sluggish construction activity. In July this year, Icra had forecast a year-on-year volume growth of 7-8 per cent,...
Chennai To See Around 450 Global Capability Centres By 2030: CBRE
NEW DELHI: Chennai is estimated to have around 450 Global Capability Centres (GCCs) by 2030 as against 250 centres now because of supply of premium office space and availability of skilled talent, according to CBRE. Real estate consultant CBRE on Wednesday released a report titled, ‘Tamil Nadu: The Epicentre...
Govt Says e-Daakhil Portal Rolled Out Across India; To Soon Launch e-Jagriti
NEW DELHI: The government on Wednesday said the ‘e-Daakhil portal’ — an inexpensive, speedy and hassle-free mechanism for filing consumer complaints — has been rolled out successfully in all states and union territories. The government is also working for launch of e-Jagriti, which will further streamline case filing, tracking,...
India Has Taken Robust Measures To Regulate Fintech Industry: Finance Ministry Official
INDORE: Concrete steps have been taken to regulate the fintech industry in India as per the Financial Action Task Force’s recommendations to tackle money laundering and terror financing, a central government official said on Wednesday. India is among the few countries that are working on FATF recommendations to regulate...
Easier Agriculture Marketing On The Cards
NEW DELHI: Three years after rolling back three controversial farm Bills, the government is set to make another bid to achieve their essential objectives of barrier-free trade in farm produce under a uniform pan-India framework. According to official sources, a 12-member committee, under the aegis of the Union ministry...
India Inc’s Q2 Scorecard Weak; Brokerages Say All Eyes On Q3
With the end of the fiscal second quarter results season, brokerage firms stated that Q2 corporate earnings scorecard was weak, but excluding commodities, it reported an in-line growth. Consumption, per analysis by Motilal Oswal Financial Services (MOFSL), has emerged as a weak spot, while select segments of BFSI are...
India Red-Flags Non-Tariff Barriers, Wants EU Focus On Market Access
NEW DELHI: India has sought certainty from the European Union that the bloc will not impose new non-tariff barriers in future hurting the country’s interests. India’s insistence on such an assurance comes as the two sides assess the progress of their free trade agreement (FTA) negotiations, which restarted two...
Banks Eye Rs 1 Trillion Through Infrastructure Bond Issuances In FY25
MUMBAI: Infrastructure bond issuances by commercial banks in the current financial year (FY25) are likely to surpass Rs 1 trillion, almost double that of FY24, market participants said. So far this financial year, banks have raised Rs 74,256 crore via infra bonds. In FY24, the total issuances stood at...
RBI Injects Rs 6,956 Crore As Liquidity Turns To Deficit
MUMBAI: After running surplus liquidity of about ₹1.4 lakh crore for over two months, the banking system saw a decline in cash, prompting the Reserve Bank of India to inject ₹6,956 crore on Monday. The liquidity deficit was because of the balance of payments turning negative in the ongoing...
JSW Steel, SAIL Seek Mongolian Coking Coal Imports Amid High Steel Demand
NEW DELHI: India’s JSW Steel and Steel Authority of India (SAIL) are in talks with Mongolian authorities to secure imports of coking coal, signalling a strategic move to diversify their supply sources, Reuters has reported. JSW Steel plans to purchase 2,500 metric tons, while SAIL aims to secure 75,000...
BEML Signs MoU With Mazagon Dock Shipbuilders To Advance R&D For Marine Applications
BENGALURU: Bharat Earth Movers Limited (BEML), a PSU specialising in heavy equipment manufacturing for rail, metro, and defence sectors, has signed a Memorandum of Understanding (MoU) with Mazagon Dock Shipbuilders Ltd (MDL). The partnership aims to jointly advance R&D to develop technologies for marine applications. Commenting on the partnership,...
DRDO Advancing Next Generation Main Battle Tank (NGMBT) Smoothbore Gun For The Indian Army
The Defence Research and Development Organisation (DRDO) is actively developing smoothbore guns for the Next Generation Main Battle Tank (NGMBT), which is part of the broader Future Main Battle Tank (FMBT) project aimed at modernizing the Indian Army’s armoured capabilities. This initiative is crucial as it seeks to replace...
Railway Board Forms Committee To Study Career Stagnation Of Employees In Supervisory Roles
NEW DELHI: The Railway Board has constituted a five-member committee to examine the issue of career stagnation of employees in supervisory roles in various departments and suggest modalities to improve their promotion prospects. The matter pertains to posts of senior section engineers, junior engineers, chief divisional controllers, traffic inspectors,...
No Material Impact Of TotalEnergies’ Decision As No Funding Talks Were On: Adani
NEW DELHI: Embattled billionaire Gautam Adani’s group on Tuesday said French energy giant TotalEnergies’ decision to pause new investments in the group will not have any material impact on operations and growth plans as no new funding was under discussion. TotalEnergies SE had on Monday stated that it was...
Better Infrastructure Is About Connecting Dreams, Accelerating Progress: PM Modi
NEW DELHI: Prime Minister Narendra Modi said on Tuesday that the Union Cabinet’s approval for three rail projects would benefit Maharashtra, Madhya Pradesh and Uttar Pradesh, and boost development along the busy section between Mumbai and Prayagraj. “Better infrastructure is about connecting dreams and accelerating progress,” he said in...
