NEWS

Defence ministry approves Rs39,126-cr contract for domestic equipment makers

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

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

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

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

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.

India’s core sector output growth slows to 3.6% in January

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.

India’s economy seen growing at 7.6% in FY24

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

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

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

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

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.

Centre amends Electricity Rules to empower consumer

Centre amends Electricity Rules to empower consumer

26 Feb 2024

The centre has brought about changes in the rules regarding distribution and consumption of electricity by amendments to the Electricity (Rights of Consumers) Rules, 2020, in a bid to empower consumers.