Latest news, breaking stories
How relevant is the plan for the auto sector? Are only newer fuel technologies eligible for it? The story so far: The Centre on Wednesday approved a production-linked incentive scheme for the automobile and drone industries with a budgetary outlay of ₹26,058 crore. This tranche is part of the overall plan for 13 sectors highlighted […]
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Cisco, Ninjacart too to build solutions The Agriculture Ministry signed agreements on Tuesday with Reliance’s Jio Platforms, ITC, Cisco, NCDEX e-Markets and Ninjacart to develop agritech solutions using its National Farmers Database which includes information of 5.5 crore farmers. Microsoft, Amazon and Patanjali are among the companies that signed agreements for similar pilot projects earlier […]
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Parliamentary committee frowns on RoDTEP delay, outlay; moots local manufacture of containers A Parliamentary panel has asked the Commerce and Industry Ministry to seek more funds from the Finance Ministry for the new tax refunds scheme for exporters — the Remission of Duties and Taxes on Export Products (RoDTEP) — after expressing its displeasure at […]
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Mittal sees scope to accelerate investments in roll-out of 5G services, fibre and data centre business Bharti Airtel’s plan to raise up to ₹21,000 crore through a rights issue will give the company the fuel to shift to a higher gear and tap large opportunities by accelerating investments in the roll-out of 5G services, fibre, […]
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Union Minister targets Tata group; videos of his address to CII annual meet blocked. An unprovoked 19-minute tirade from Commerce and Industry Minister Piyush Goyal on August 12, asserting that Indian industry’s business practices went against national interests, has left India Inc CEOs baffled, with Mr. Goyal repeatedly singling out the 153-year old Tata group […]
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The policy schedule sets out clauses Many disappointments with insurance policies are a result of expectation and reality. But here’s the thing. All the clauses, the ifs and buts, in your policy are available for you to read before you buy. You just have to ask your agent for a policy schedule and see what […]
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2,000 freshers to be recruited, majority will be from India. UST, a digital transformation solutions firm, on August 3 said it has plans to hire over 10,000 new employees across the globe in calender 2021. The California-based company will recruit over 10,000 techies with proficiencies and skills in digital transformation, cybersecurity, cloud infrastructure, Java, data […]
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Cabinet approves deposit insurance law amendments on lenders in moratorium Depositors in ailing banks such as PMC Bank may get some relief soon, with the Cabinet on Wednesday clearing amendments to the country’s deposit insurance law to return up to ₹5 lakh of their savings within 90 days of the central bank’s imposition of a […]
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Drugmaker, Russian sovereign fund RDIF inked pact in June, tech transfer underway Drugmaker Morepen Laboratories has started producing test batches of Sputnik V, the Russian vaccine against COVID-19, at its facility in Baddi, Himachal Pradesh. The first batch will be shipped to Gamaleya Center, the vaccine developer, for quality control, said the Russian Direct Investment […]
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The seasonally adjusted India Services Business Activity Index fell from 46.4 in May to 41.2 in June. India’s services sector activities contracted further in June as the intensification of the COVID-19 crisis and reintroduction of containment measures restricted demand, a monthly survey said on Monday. The seasonally adjusted India Services Business Activity Index fell from […]
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