New Delhi (IANS) Rise in the use of electric vehicles will result in increasing imports to India from Germany, said a Grant Thornton Bharat-FICCI report. At present, India and Germany aim to partner by leveraging advantages on each side and intensify … read more
Bengaluru (IANS) Union Finance Minister Nirmala Sitharaman on Friday ruled out any cut in excise duty levied on petroleum products for now. Addressing a press conference here, she said that there is no such proposal at the present to reduce prices … read more
Mumbai (IANS) Reliance Infrastructure Ltd is in talks with Singapore based-Cube Highways to sell its 4 road assets for an enterprise value of Rs 1,430 crore. The company will use the proceeds from the sale to cut down its debt. Singapore-based … read more
New Delhi (IANS) The low base of last year due to the stringent national lockdown aided in propping up India’s eight major industries’ output during May 2021 on a year-on-year basis. The pandemic-triggered national lockdown (from late March 2020) during Q1FY21 … read more
Mumbai (IANS) The SEBI board on Tuesday approved a proposal to introduce a framework for Accredited Investors in the Indian securities market. ‘Accredited Investor’ is a term referred to a class of investors who may be considered to be well informed … read more
New Delhi (IANS) Giving a major push to the domestic electronics industry, the Centre has decided to extend the tenure of the Production Linked Incentive (PLI) scheme for large-scale electronics manufacturing by one year till FY 2025-26. The participating companies will … read more
Bengaluru (IANS) Hundreds of distressed mango growers in Karnataka’s Kolar district have been dumping mangos on roads near Srinivasapura over a week due to steep fall in demand and crash in their prices, traders said on Sunday. “As demand for some … read more
New Delhi (IANS) India’s tyre sector is seeking effective collaboration with raw material partners to harness its potential, industry body Automotive Tyre Manufacturers Association (ATMA) said. According to ATMA Chairman Anshuman Singhania, Managing Director JK Tyre & Industries, India’s tyre industry … read more
New Delhi (IANS) French company Schneider Electric has decided to infuse Rs 350-400 crore in its power backup and storage solutions provider and Indian subsidiary Luminous Power Technologies, months after it decided to put off the plan to sell the subsidiary … read more
New Delhi (IANS) Reliance Jio and Google on Thursday shared more details about their jointly developed ‘Made for India smartphone — JioPhone Next — which will be available in the country from September 10. Announcing the launch at the annual general … read more