NEWS

Japan commits $1.548 bn in ODA loan for nine Indian projects

Japan commits $1.548 bn in ODA loan for nine Indian projects

21 Feb 2024

The Japanese government has extended 232.21 billion ($1.548 billion) in long-term loans to India, under its Official Development Assistance programme, for nine projects in various sectors.

China’s COMAC challenges Boeing, Airbus with its C919 passenger aircraft

China’s COMAC challenges Boeing, Airbus with its C919 passenger aircraft

21 Feb 2024

Commercial Aircraft Corporation of China (COMAC) is actively participating in the ongoing Singapore Airshow 2024, with its C919 passenger aircraft and the smaller ARJ21 regional jets

Akasa Air to start international operations by March-end

Akasa Air to start international operations by March-end

20 Feb 2024

Akasa Air, has announced plans to start flight services to overseas destinations by the end of March 2024, to become the first Indian airline to start international services within 19 months of commencing operations.

Novartis announces strategic review of its India business

Novartis announces strategic review of its India business

19 Feb 2024

Swiss pharma multinational Novartis AG has started a strategic review of its Indian arm, possibly with the intent of selling it off.

Japanese economy shrinks to fourth spot, slipping behind Germany

Japanese economy shrinks to fourth spot, slipping behind Germany

16 Feb 2024

Japan’s economy unexpectedly fell from its ranking as the world’s third largest economy, slipping behind Germany to rank as the fourth largest following a recession that stared in the second quarter of 2023

India’s wholesale price inflation seen lower at 0.27% in January

India’s wholesale price inflation seen lower at 0.27% in January

15 Feb 2024

The annual rate of inflation based on the Wholesale Price Index (WPI) stood lower at 0.27 per cent in January 2024, against the 0.73 per cent inflation recorded in December 2023

India’s April-January trade deficit down 8.7% at $207.2 billion

India’s April-January trade deficit down 8.7% at $207.2 billion

15 Feb 2024

India’s overall merchandise trade deficit stood at $207.2 billion in the April-January 2023-24 period against $229.37 billion in April-January 2022-23

India, UAE cement ties with 10 new pacts for collaboration

India, UAE cement ties with 10 new pacts for collaboration

14 Feb 2024

India and the United Arab Emirates (UAE) have signed 10 new agreements for bilateral collaboration in various fields, including key sectors like energy, infrastructure, investments, and management of archives, in a bid to further strengthen their bilateral relationship.

Tata slashes EV prices by up to Rs1.2 lakh as batteries become cheaper

Tata slashes EV prices by up to Rs1.2 lakh as batteries become cheaper

14 Feb 2024

Tata Passenger Electric Mobility Ltd (TPEM), the electric vehicle arm of Tata Motors, has announced a major reduction in prices across its popular EV models, including the Nexon.ev and the Tiago.ev, passing on the benefit of a reduction in battery prices.

Nippon Steel claims 33% CO2 reduction through hydrogen injection technique

Nippon Steel claims 33% CO2 reduction through hydrogen injection technique

14 Feb 2024

Nippon Steel, the largest steelmaker in Japan, on Monday said it has succeeded in reducing CO2 emissions from a small-scale test blast furnace by 33 per cent

JSW, Japan's JFE to invest Rs5,500-cr in electrical steel venture in Karnataka

JSW, Japan's JFE to invest Rs5,500-cr in electrical steel venture in Karnataka

14 Feb 2024

JSW Steel and Japan's JFE Steel will jointly invest Rs5,500 crore in a steel plant in India to produce electrical grade grain-oriented steel, the companies stated in separate press releases.

India's industrial production grows 3.8% in December

India's industrial production grows 3.8% in December

13 Feb 2024

Industrial production in India based on the Index of Industrial Production (IIP) expanded 3.8 per cent in December 2023, against 2.4 per cent in the previous month and 5.1 per cent in December 2022