Braithwaite Rs 180 Crore Railway Deal: 500 Wagons
Braithwaite & Co Ltd, a central public sector undertaking, has bagged an order worth Rs 180 crore from the railways to supply 500 BCVM-C type wagons, also known as brake vans. This is a significant achievement for the company, which has been diversifying its business portfolio and enhancing its order pipeline. What are BCVM-C type […]
Government Panel Reviews Nutraceuticals’ CDSCO Inclusion
To address the regulatory challenges and consumer safety issues in nutraceuticals, the government has formed a high-level committee under the chairmanship of Secretary, Ministry of Health to review the regulatory challenges in nutraceuticals and drugs and examine the possibility of bringing nutraceuticals under CDSCO. The committee has as its members Secretary, Ministry of Ayush, Secretary, […]
SEZs to Benefit from RoDTEP Scheme: Study
A recent study by the Global Trade Research Initiative (GTRI) has revealed that the Remission of Duties and Taxes on Exported Products (RoDTEP) scheme, which provides tax refunds to exporters, may lead to overcompensation for import intensive exports from SEZs. The study also suggests that the scheme may boost the competitiveness and profitability of SEZ […]
VinFast Secures 400 Acres in Thoothukudi for EV Plant
VinFast, a leading electric vehicle (EV) manufacturer from Vietnam, has secured about 400 acres of land at an industrial estate owned by the State Industries Promotion Corporation of Tamil Nadu (SIPCOT) in Thoothukudi for its first India plant. The ground breaking ceremony for the integrated facility that will manufacture electric cars and batteries is scheduled […]
India Ranks Second in MSCI Global Weightage, After China
India’s weightage in the MSCI Global Standard Index has reached a record high of 18.2% in the latest February review by MSCI. This is the second-highest weightage in the index after China, which is at 23%. India’s performance in the global market is driven by several factors, such as its corporate earnings growth, macroeconomic outlook, […]
Sukoon Health Offers Cashless Insurance for Mental Care
Sukoon Health, a chain of mental health hospitals, has launched a cashless insurance scheme for patients seeking psychiatric inpatient care. The scheme covers a wide range of mental health conditions and aims to make mental healthcare more accessible and affordable. Sukoon Health has collaborated with five private insurance companies to provide this initiative. The need […]
CDSCO New Sampling Guidelines for Drug and Cosmetic Quality
The Central Drugs Standard Control Organisation (CDSCO), the apex drug regulator in India, has issued new guidelines for effective surveillance for quality and efficacy of drugs and cosmetics available in the market by adopting a uniform drug sampling methodology. The guidelines, notified on February 9, 2024, aim to cover a vast variety of drugs, cosmetics […]
Cotton Price Hike: A Worry for Textile Mills
The textile industry in India is facing a tough situation due to the surge in cotton prices in the global and local markets. Cotton is the main raw material for yarn production, which is used for making fabrics and garments. The increase in cotton prices has reduced the margins and increased the working capital requirements […]
PM Modi Inaugurates 300 MW Solar Plant in Rajasthan
Prime Minister Narendra Modi on Friday inaugurated a 300 MW solar power plant in Rajasthan, marking a significant step towards achieving the government’s ambitious renewable energy capacity addition target and the goal of net-zero by the year 2070. A green and cheap power project The solar power plant, located at Karnisar-Bhatiyan village in Bikaner district, […]
Prabhaav : SIDBI’s Insight into Fund of Funds for Startups
The Small Industries Development Bank of India (SIDBI) has launched a report titled Prabhaav, which evaluates the impact of its Fund of Funds for Startups (FFS) on the Indian startup ecosystem. The report, prepared by CRISIL, a leading analytics company, reveals the positive outcomes of the FFS scheme on various aspects such as capital flow, […]