NEWS
India’s April-February trade deficit up $18.71 bn at $225.20 bn
18 Mar 2024
India registered a trade deficit of $18.71 billion in February 2024, taking its trade deficit for April-February 2023-24 to $225.20 billion.
India’s wholesale price inflation rate slightly higher at 0.20% in February
15 Mar 2024
India’s wholesale price inflation, based on the Wholesale Price Index (WPI) increased by 0.20 per cent year-on-year in February 2024, provisional figures released by the commerce ministry showed.
India kicks off work on 3 semiconductor factories
14 Mar 2024
India on Wednesday ushered in its `Techade’ with Prime Minister Narendra Modi laying foundation stones for three semiconductor factories, involving a combined investment of Rs1.25 lakh crore.
ArcelorMittal to buy 28.4% stake in France’s Vallourec for $1 bn
14 Mar 2024
ArcelorMittal, the world’s second-largest steelmaker, on Tuesday said it will acquire a 28.4 per cent stake in French steelmaker Vallourec, for around 955 million euros ($1.04 billion), to expand its tubular products portfolio.
Tata Motors to invest Rs9,000 crore in new Tamil Nadu facility
14 Mar 2024
Tata Motors has proposed to invest Rs9,000 crore for setting up a new automobile manufacturing facility in Tamil Nadu over a 5-year period.
NCLAT upholds Jalan-Kalrock Consortium’s resolution plan for Jet Airways
14 Mar 2024
The National Company Law Appellate Tribunal (NCLAT) has upheld the debt resolution plan for bankrupt Jet Airways submitted by the Jalan-Kalrock Consortium (JKC)
Govt revamps technology upgradation scheme for pharma sector
13 Mar 2024
The union government on Monday announced a revamped scheme of assistance for technology upgradation in the pharmaceuticals sector – a move aimed at ensuring that Indian industries are on par with global standards.
India’s consumer price inflation down marginally at 5.09% in February
13 Mar 2024
Consumer price inflation in India, based on the Consumer Price Index (CPI), declined marginally to 5.09 per cent in February 2024, from 5.10 per cent in January 2024.
REC commits Rs1.6 lakh crore for infra projects in Rajasthan
13 Mar 2024
REC Limited has signed a memorandum of understanding (MoU) with the government of Rajasthan committing Rs1.6 lakh crore to finance projects across power and other infrastructure sectors.
India to build a 10,000+ GPU supercomputer for AI modelling
12 Mar 2024
Government of India has proposed to build a supercomputer of 10,000 GPU or more capacity as part of its plan to develop the necessary infrastructure for a self-sufficient AI eco-system in the country.
Aditya Birla Capital to merge subsidiary Aditya Birla Finance
12 Mar 2024
The boards of directors of Aditya Birla Capital Ltd and its wholly-owned subsidiary, Aditya Birla Finance, have approved a scheme of amalgamation of the two companies to create a larger non-banking finance company (NBFC).
UK weighs changes in law to prevent takeover of the Telegraph by UAE-backed group
12 Mar 2024
The British government is reported to be weighing legislative remedies to the possible takeover of the Telegraph Media Group by UAE-backed investor RedBird IMI, amidst political and professional opposition to the change of guard.
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