NEWS

Cisco gets EU approval for $28 bn deal to acquire Splunk

Cisco gets EU approval for $28 bn deal to acquire Splunk

18 Mar 2024

Cisco Systems has secured antitrust approval from European Union regulators for its $28 billion deal to acquire cybersecurity firm Splunk.

India slashes import duty on EVs to smoothen Tesla’s market entry

India slashes import duty on EVs to smoothen Tesla’s market entry

18 Mar 2024

India has slashed customs duty on import of ready-to-assemble automobiles, or CKD units, to 15 per cent for a period of five years, in a move that would help EV majors like Tesla enter the Indian market.

DP World to build modern container terminal near Kandla Port

DP World to build modern container terminal near Kandla Port

18 Mar 2024

Dubai-based infrastructure major DP World will construct a mega container terminal at Tuna Tekra, DPA, Gujarat, under a concession agreement signed with the Deendayal Port Authority, Kandla.

India’s April-February trade deficit up $18.71 bn at $225.20 bn

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

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

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

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

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

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

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

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

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.