NEWS
Gross GST collection in February up 12.5% at Rs1,68,337 crore
05 Mar 2024
Gross revenue collection by way of Goods and Services Tax (GST) increased by 12.5 per cent year-on-year in February 2024 and stood at Rs1,68,337 crore. The increase in GST collection in February was marked by a 13.9 per cent increase in domestic transactions and 8.5 per cent increase in GST from import of goods.
Defence ministry approves Rs39,126-cr contract for domestic equipment makers
05 Mar 2024
The defence ministry on Friday signed five major contracts with local defence equipment manufacturers for capital acquisition worth a total Rs39,125.39 crore, as part of the government’s `Make-in-India’ initiative.
Indian Navy to commission MH 60R ‘Seahawks’ helicopter squadron
04 Mar 2024
The Indian Navy will on Wednesday commission INAS 34, a new squadron of the newly inducted MH 60R Seahawk multi-role helicopter at INS Garuda, Kochi.
Indian Navy to expand presence in Lakshadweep with new air base in Minicoy
04 Mar 2024
Indian Navy will, on Tuesday, commission INS Jatayu, a new air base for the Naval detachment in Minicoy, the southernmost island of Lakshadweep, in order to boost operational capabilities in the Indian Ocean Region.
C-DOT, Qualcomm team up to stimulate India’s telecom ecosystem
04 Mar 2024
Centre for Development of Telematics (C-DOT), a research institution under the ministry of telecommunications, has signed a memorandum of understanding with Qualcomm Technologies Inc for the development of innovative communication technologies.
APEDA facilitates first sea freight of pomegranates to US
04 Mar 2024
Agricultural Processed Food Products Export Development Authority (APEDA) on Wednesday flagged off the first commercial trial shipment of pomegranates to the US via sea.
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India’s core sector output growth slows to 3.6% in January
01 Mar 2024
Core sector industrial production in India expanded by 3.6 per cent year-on-year in January 2024, on the back of increased production of coal, steel, cement, natural gas, electricity and crude oil during the month.
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India’s economy seen growing at 7.6% in FY24
01 Mar 2024
India’s economy is expected to grow at a robust 7.6 per cent in the 2023-24 financial year against the 7 per cent growth recorded in the 2022-23 fiscal
RIL to acquire 61% stake in Walt Disney India: report
28 Feb 2024
Walt Disney is reported to have agreed to sell 61 per cent of its India business to Viacom 18, the media arm of Reliance Industries Ltd, in what is seen as a major development in the Indian media and entertainment industry.
NCLT approves Hinduja Group’s Rs9,861-cr offer for Reliance Capital
28 Feb 2024
The National Company Law Tribunal (NCLT) has approved a Rs9,861-crore offer by Hinduja Group company IndusInd International Holdings Limited (IIHL) to take over the assets of bankrupt financial services company Reliance Capital.
Grand Indian textile expo Bharat Tex 2024 opens in New Delhi
27 Feb 2024
Bharat Tex, India’s largest global textile exhibition, opened in New Delhi on Monday. Prime Minister Narendra Modi inaugurated the 4-day event that will showcase the country’s vibrant textile sector in all its splendor.
CMA CGM to invest $1.6 bn in energy transition fund
26 Feb 2024
Shipping giant CMA CGM has proposed to invest $1.6 billion (Euro 1.5 billion) over five years to create an energy fund to support its planned transition to a zero emission company.
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