SMI opens its new factory with an investment of Rs 225 Crore

Shibaura Machine India (SMI), a subsidiary of Japan’s Shibaura Machine, the leading manufacturer of high-precision injection moulding machines in the world, has inaugurated its Unit 2 factory, adjacent to its existing factory in Chembarambakkam, Chennai, India.

DEFENCE MANUFACTURER BHARAT ELECTRONICS SECURES EXPORT ORDER WORTH RS 230 CRORE

State-owned aerospace and defence electronics company Bharat Electronics Limited (BEL) has obtained an export order worth Euro 25.75 million (estimated value of Rs 230 crores) from Thales Reliance Defence Systems (TRDS) for the manufacture and supply of transmit-receive (TR) modules, the company informed stock exchanges on Friday.

Jio Financial now focuses on investments after RBI nod for CIC status

Jio Financial Services has secured approval from the Reserve Bank of India (RBI) to transition from a NonBanking Financial Company (NBFC) to a Core Investment Company (CIC), as announced in an official statement on Thursday.

Accelerated completion of Vizhinjam port phases 2 to 4 by 2028, Kerala CM - Pinarayi Vijayan

The Vizhinjam International Seaport in Kerala welcomed its inaugural mothership, the “San Fernando,” marking a significant milestone in India’s maritime history.

Indian stocks rise on positive global cues, US inflation eases

Indian markets started the day with slight gains on Friday, buoyed by positive global cues, as both major indices surged during early trading.

INDIA, QATAR PUSH FOR TRADE GROWTH THROUGH JOINT TALKS

During the meeting, both sides reviewed progress on a MoU for Food Safety and Cooperation, aiming to streamline trade processes and activate the Joint Business Council for enhancing trade and investment cooperation.

Government lifts stock limits on Kabuli chana, import becomes easier

The central government has recently exempted Kabuli chana from stock limits, a move anticipated to facilitate increased imports of this pulse ahead of the festival season.

GeM marketplace sees massive growth, Q1 GMV up 136%

The Government e Marketplace (GeM) reported a significant rise in Gross Merchandise Value (GMV), reaching Rs 1,24,761 lakh crore by the end of the first quarter (April-June).

Average crude prices in FY25 to be USD 83-88, potentially raising government fiscal burden, CRISIL

A Crisil report projects that average crude oil prices are expected to rise to $83-$88 per barrel in fiscal year 2025, up from $83 per barrel the previous year.

Union Minister Shivraj Chouhan prioritizes selfsufficiency in pulse production for the country

Union Minister Shivraj Singh Chouhan emphasized the central government’s commitment to achieving self-sufficiency in pulse production during a review meeting of Kharif crops held in Delhi.

US BUSINESS GROUP PUSHES FOR FAIRER TAXES, LOWER COSTS ON EXPORTS TO INDIA

The US-India Tax Forum has recommended simplifying the withholding tax regime and rationalizing TDS and TCS provisions to boost investment and ease of doing business in India.

Indian Economy To Power On, SBI Caps Sees Strong Future

The State Bank of India's Capital Markets and Securities (SBICAPS) recently released a report titled "Indian Economy: Maintaining Momentum on a Deteriorating Global Pitch," presenting an optimistic outlook for several sectors within the Indian economy despite global uncertainties.

Seat-sharing talks in Maha Vikas Aghadi underway

As the Maharashtra assembly elections are slated to be held later this year, discussions on seat-sharing in the Maha Vikas Aghadi alliance consisting of the Congress, the Nationalist Congress Party (NCP)-SP, and the Shiv Sena (UBT) among others are underway.

INDEGENE TIES UP WITH MICROSOFT TO LEVERAGE GENERATIVE AI FOR MEDICAL INDUSTRY

Indegene partnered with Microsoft on Thursday to leverage generative AI for the medical industry, the company informed the exchange in a filing.

Police summons BJP's Nitesh Rane in Disha Salian death case

The Mumbai Police has sent notice to Bharatiya Janata Party MLA Nitesh Rane to appear before them on Friday in connection with the Disha Salian death case.

WORLI HIT RUN CASE: MAIN ACCUSED WAS INEBRIATED ON NIGHT OF INCIDENT

The main accused in the Worli hit-andrun case, Mihir Shah had consumed an excessive amount of alcohol at two different places on the night of the incident, said Mumbai police sources on Thursday.

SUPREME COURT ISSUED NOTICE ON HIGH COURT BAR ASSOCIATION JABALPUR'S PLEA AGAINST STATE BAR COUNCIL'S REFUSAL TO GIVE SEPARATE RECOGNITION

The Supreme Court in the case High Court Advocates Bar Association vs. Secretary State Bar Council observed and has issued notice on a petition filed by High Court Advocates Bar Association, Jabalpur against refusal of the State Bar Council to recognize it as a separate bar association.

Xartup is now a part of HT Media Group's Mosaic Digital

Xartup, a global digital community for early-stage entrepreneurs and investors, is now a part of Mosaic Digital, a wholly-owned subsidiary of HT Media Group, one of India’s largest publicly traded media conglomerates.

INDIA PRESENTS RS 100 BILLION INVESTMENT OPPORTUNITIES IN EXPLORATION AND PRODUCTION, SAYS PURI

Minister Puri emphasized the need for increased efforts in tapping India’s sedimentary basins, noting exploration will rise from 10% to 16% by 2024

Wipro Opens New Smart and Connected IoT Experience Centre in Pune Wipro Opens New Smart and Connected IoT Experience Centre in Pune

Wipro Commercial & Institutional Business (CIB), a leader in lighting and seating solutions, proudly announces the grand opening of its new Experience Centre in Pune.

PORT AND SHIPPING MINISTRY PLANS LIGHTHOUSE TOURISM IN INDIA

The Ministry of Ports, Shipping and Waterways, under the leadership of Union Minister Sarbananda Sonowal, has initiated a strategy to elevate lighthouses into tourist destinations.

USIBC meets minister Pralhad Joshi to strengthen renewable energy supply chain

On Thursday in New Delhi, representatives from the U.S.-India Business Council (USIBC) met with Union Minister of Consumer Affairs, Food and Public Distribution & New and Renewable Energy, Pralhad Joshi.

Adani's Vizhinjam port welcomes first mothership 'San Fernando'

On Thursday, India's first semiautomated container port, the Vizhinjam International Seaport, welcomed its first mothership, 'San Fernando.'

India wins T20 World Cup, CocaCola showcases recycled PET flags

India emerged victorious in the thrilling conclusion of the ICC Men’s T20 World Cup 2024, held in the USA and the West Indies, marking a significant achievement on the global cricket stage.

Companies set to report earnings, shaping market direction

The earnings result season for the first quarter (April-June) of 2024 has commenced, with major companies in the Indian stock market set to report their performance starting this Thursday.

PM MODI CONSULTS EMINENT ECONOMISTS FOR SUGGESTIONS ON UNION BUDAGET 2024

The pre-Budget meeting, attended by Niti Aayog Vice Chairman Suman Bery and others, featured in-depth discussions aimed at crafting a strategic roadmap for India’s development, with the Ministry of Finance’s consultations involving over 120 stakeholders across various sectors concluding on July 5

Digital payments changed consumer behaviour: Kearney

The surge in digital payments for online purchases has led to a permanent shift in the behaviour of consumers, a report by Kearney observed in its report titled, “ How Urban India Pays” adding that even it is influencing offline transactions as well.

Luxelan brings revolution in luxury interior design

While purchasing a luxury property is an achievement in itself, transforming it into a welcoming home is quite another task.

Strong PMI in June signals boost for Indian economy (Steel & Services lead growth)

In June 2024, India’s manufacturing Purchasing Managers’ Index (PMI) surged, propelled by robust demand and the highest hiring activity in 19 years, according to an SBI report.

Case against Thane housing society's cleaner for killing two puppies

An official said police have registered an FIR against a Thane housing society’s cleaner for allegedly killing two puppies and dumping the carcasses in a drain in Maharashtra’s Thane district.