L&T Secures Onshore Project from IndianOil Adani Ventures
Larsen & Toubro (L&T) has bagged a large onshore project from IndianOil Adani Ventures Ltd (IOAVL) for its hydrocarbon business. The project involves engineering, procurement, construction, and commissioning of offsite tankages, bullets and other associated facilities on lump sum turnkey basis. L&T’s Hydrocarbon Business L&T’s hydrocarbon business, also known as L&T Energy Hydrocarbon (LTEH), offers […]
UP’s Rs 7.36 Lakh Cr Budget for FY25 Presented by Suresh Khanna
Uttar Pradesh Finance Minister Suresh Kumar Khanna presented the state budget for the financial year 2024-2025 in the assembly on Monday, February 5, 2024. The budget, which is the last one before the state goes to polls in 2025, has a size of Rs 7.36 lakh crore, an increase of 6.6% from the previous year. […]
Tata and Pegatron Discuss iPhone Assembly in Tamil Nadu
Tata Group, one of India’s largest conglomerates, is in advanced talks with Taiwan’s Pegatron, one of Apple’s contract manufacturers, to form a partnership for the iPhone assembly plant that Tata is building in the southern state of Tamil Nadu, according to two sources with direct knowledge of the matter. Background Tata is building the iPhone […]
Ericsson and IIT Kharagpur: A Partnership for AI Research
Ericsson, a leading global provider of communication and information technology solutions, and Indian Institute of Technology Kharagpur (IIT Kharagpur), one of the premier engineering institutes in India, have partnered for a joint research in the field of artificial intelligence (AI), compute and radio technologies. The aim of this partnership is to develop novel AI and […]
Cipla Targets Acquisitions, Partnerships in US Market
Cipla, one of the leading pharmaceutical companies in India, is looking for opportunities to expand its presence in the US market through acquisitions and inorganic partnerships. The company is also focusing on improving its top line growth in Europe and margin expansion in South Africa. The US market is a key strategic area for Cipla, […]
Massive Orders for Indian Toy Makers at German Fair
Indian toys appreciated amid anti-China sentiment Indian toy makers, who participated in the five-day international toy fair in Nuremberg, Germany, have received huge orders worth crores as they showcased high-quality products, exporters say. According to the toy exporters, buyers from countries such as the US, UK, South Africa, and Germany showed interest in their products […]
Indian Oil Majors’ Rs 1.2 Lakh Cr Investment Plan
State-owned oil & gas majors, including Oil and Natural Gas Corporation (ONGC), Indian Oil Corporation (IOC) will invest about Rs 1.2 lakh crore in the coming fiscal year starting April 1 in oil and gas exploration, refineries, petrochemicals and laying pipelines to meet the needs of the world’s fastest-growing energy consuming nation . ONGC has […]
Government and Industry: PLI Schemes in Focus
The Production Linked Incentive (PLI) schemes are a key initiative of the Indian government to boost domestic manufacturing and exports in various sectors. The schemes aim to create national manufacturing champions, generate employment, enhance innovation and reduce import dependence. Here are some of the highlights of the PLI schemes and their impact on the economy. […]
Ambani: No.2 Globally in 2024 Brand Guardianship Index
Mukesh Ambani, the chairman and managing director of Reliance Industries Ltd, has been ranked as the top Indian and second globally in the Brand Guardianship Index 2024 compiled by Brand Finance. The index recognises CEOs who effectively build business value while considering the interests of all stakeholders, including employees, investors, and society at large. Ambani […]
Govt’s Green Hydrogen Guidelines for Steel Sector
The government of India has recently issued guidelines for pilot projects to use green hydrogen in the steel sector under the National Green Hydrogen Mission (NGHM). The aim is to gradually replace fossil fuels and feedstock with green hydrogen and its derivatives, and to develop the necessary infrastructure and supply chains for green hydrogen production […]