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Indian-news

   Stock-news

 20 Nov 2024 09:37 PM   EconomicTimes

Need $120-bn investment to reach 300 mn tonne steel-making capacity by 2030: Steel Secy Sandeep Poundrik

India's steel secretary warned that the country needs $120 billion in investments to reach its 300 MT steel production target by 2030. With current capacity at 180 MT, an additional 120 MT is required. Without these investments and with rising demand, India could become a net steel importer by 2030.

 20 Nov 2024 09:08 PM   EconomicTimes

Project SPECS of WHO will soon be implemented in Assam

The World Health Organization (WHO) is partnering with Sri Sankaradeva Nethralaya (SSDN) to launch the SPECS project in Assam, India. This pilot program aims to provide comprehensive eye care services, focusing on refractive errors, in three districts. The initiative will leverage SSDN's community-based approach and serve as a model for WHO's global efforts to improve eye health.

 20 Nov 2024 08:55 PM   EconomicTimes

UP's solar-powered Jal Jeevan Mission to shine at Good Governance Conference in Raipur

Uttar Pradesh will present its innovative use of solar power in Jal Jeevan Mission projects at a national conference. With over 80% of these projects powered by solar energy, the state aims to serve as a model for others, showcasing cost-effectiveness and environmental sustainability.

 20 Nov 2024 08:49 PM   EconomicTimes

SC rules in favor of telcos, allows Cenvat credits on infrastructure duties

The Supreme Court gave a favorable decision for telecom companies. The court said that these companies can claim tax credits on telecom infrastructure. This includes things like towers and buildings. The decision could benefit companies like Bharti Airtel and Vodafone Idea. Experts believe this will encourage investment in the telecom sector.

 20 Nov 2024 08:39 PM   EconomicTimes

Aviation minister holds review meeting; asks airlines to inform passengers on flight delays

India's Civil Aviation Minister led a meeting on fog preparedness, urging airlines to proactively inform passengers about fog-related delays. Airlines were also instructed to fully staff check-in counters to minimize inconvenience during disruptions. Delhi airport will use its CAT III ILS system to aid low-visibility landings.

 20 Nov 2024 08:18 PM   EconomicTimes

UP CM Yogi Adityanath launches "Dekho Apna Desh - People's Choice 2024" campaign from Ayodhya

Uttar Pradesh Chief Minister Yogi Adityanath launched the "Dekho Apna Desh - People's Choice 2024" campaign, aiming to identify and promote the state's top tourist destinations. The campaign encourages public participation through voting and selfie uploads, with the goal of developing world-class tourist attractions based on public feedback.

 20 Nov 2024 07:30 PM   EconomicTimes

GNFC, INEOS UK to form 50:50 JV to build major acetic acid plant in India

India's GNFC and UK-based INEOS Acetyls International are joining forces to establish a major acetic acid production facility in India. The 50:50 joint venture will leverage INEOS's technical expertise and GNFC's market knowledge to operate the plant and distribute domestically produced acetic acid, boosting India's chemical manufacturing capabilities.

 20 Nov 2024 06:28 PM   EconomicTimes

Balaji Telefilms appoints Sanjay Dwivedi as Group CEO

Balaji Telefilms has made two major leadership appointments. Sanjay Dwivedi, the current Group CFO, has been elevated to the position of Group CEO. Vimal Doshi, with a long tenure at Balaji, has been named COO of Balaji Motion Pictures. Dwivedi has been with Balaji Telefilms since 2013 and has a strong financial background.

 20 Nov 2024 06:09 PM   EconomicTimes

Atishi launches Delhi solar portal; will help power consumers become 'prosumers'

Delhi Chief Minister Atishi launched the 'Delhi Solar Portal' to simplify rooftop solar panel installations, aiming to achieve 750 MW of solar power generation. The portal provides a centralized platform for information, vendor lists, subsidy applications, and net metering, encouraging residents to become prosumers by generating and contributing excess solar power to the grid.

 20 Nov 2024 05:54 PM   EconomicTimes

Wockhardt chairman seeks GST exemption for antibiotics discovered in India

Wockhardt founder sought GST exemption for antibiotics discovered in India. He said this will make the drugs more affordable. The statement was made at an event to celebrate the scientific completion of the first indigenously developed antibiotic Nafithromycin. Nafithromycin is the first macrolide antibiotic in 30 years for community-acquired bacterial pneumonia.

 20 Nov 2024 05:52 PM   EconomicTimes

iPhone 17 Air: Will this be Apple's thinnest phone yet?

Apple is developing the iPhone 17 Air, aiming for an ultra-slim 6mm profile, making it potentially the thinnest iPhone ever. Expected to launch in 2025, it may feature an aluminum body, a 6.6-inch display, and Apple's A19 chip for powerful performance. Camera features could include a 48MP rear camera and a 24MP front camera.

 20 Nov 2024 05:13 PM   EconomicTimes

Vedanta Aluminium signs pact with GAIL for supply of natural gas

Vedanta Aluminium partners with GAIL Gas Ltd to supply natural gas to its Jharsuguda smelter, aiming to reduce carbon emissions by 47,292 tonnes annually. The transition, operational by the end of next year, supports Vedanta's commitment to net-zero emissions by 2050 through cleaner energy solutions.

 20 Nov 2024 05:05 PM   EconomicTimes

Equity investments in real estate sector to hit a new record surpassing USD 10 billion

Equity investments in India's real estate sector are on track to exceed $10 billion in 2024, fueled by strong developer activity and a surge in Tier-II city investments. Domestic investors, primarily developers, have dominated capital inflows, while foreign investment remains robust, particularly from North America and Singapore.

 20 Nov 2024 05:00 PM   EconomicTimes

SECI signs MoU with H2Global Stiftung to promote green hydrogen initiatives

India and H2Global Stiftung will work together to promote green hydrogen. They signed an agreement to share knowledge and develop joint projects. This partnership will help India become a major exporter of green hydrogen. The agreement will also provide insights into the global hydrogen market. This collaboration is a significant step towards a greener future.

 20 Nov 2024 04:49 PM   EconomicTimes

Adani Energy Solutions signs pact to acquire 100 pc stake in Pune- III Transmission

Adani Energy Solutions Ltd (AESL) is acquiring Pune- III Transmission Ltd (PTL) from PFC Consulting Ltd to establish new substations and a transmission line. This acquisition will enable the evacuation of 7 GW of renewable energy from Gujarat's Khavda RE Park and aligns with AESL's strategy of enhancing shareholder value.

 20 Nov 2024 04:21 PM   EconomicTimes

Datta Power Infra signs MoU to invest Rs 5,000 cr in RE sector in Rajasthan

Datta Power Infra has committed to investing ₹5,000 crore in Rajasthan's renewable energy sector. The company signed an MoU with the state government to establish 1,000 MW of solar, wind, and hybrid power projects. These projects, spanning six districts, are projected to create 500-750 jobs.

 20 Nov 2024 04:21 PM   EconomicTimes

Sanjay Dutt's liquor brand The Glenwalk sells 6lk bottles in first seven months of FY25

Bollywood actor Sanjay Dutt's premium Scotch whisky brand, The Glenwalk, has witnessed remarkable success, selling over 600,000 bottles within seven months of its launch.