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 […]
Adani’s USD 1.2 Bn Copper Plant to Boost India’s Metal Production
India is set to witness a surge in its domestic copper production as the Adani Group is building the world’s largest single-location copper manufacturing plant at Mundra in Gujarat. The plant will help reduce India’s dependence on imports and support the country’s energy transition. Why is copper important for India? Copper is the third most […]
SpiceJet to Connect More Tourist Places Post Ayodhya
SpiceJet, one of India’s leading low-cost airlines, has announced its plans to connect more tourist and religious places in the country, following the launch of its flights to Ayodhya, the holy city of Lord Rama. Ayodhya flights On February 1, 2024, SpiceJet inaugurated its direct flight service connecting Ayodhya with eight cities: Delhi, Chennai, Ahmedabad, […]
IKEA’s Next Investment Phase in India
IKEA, the Swedish furniture retailer, is looking at the next round of investment in India after fulfilling its commitment of Rs 10,500 crore when it entered the country 10 years back, according to the company’s India CEO Susanne Pulverer. The company, which kicked off its retail operations in India with the opening of its first […]
HP Govt and NDDB Collaborate for Kangra Milk Plant
The Himachal Pradesh government has announced its collaboration with the National Dairy Development Board (NDDB) to set up a state-of-the-art milk processing plant at Dagwar in Kangra district. The project, which is estimated to cost around Rs 250 crore, aims to enhance the milk processing capabilities and marketing opportunities for the dairy farmers of the […]
IBBI’s New Rule: Same RP for Company and Guarantor
The Insolvency and Bankruptcy Board of India (IBBI) has revised its regulations to allow the same resolution professional (RP) to handle the insolvency process of a company and its personal guarantor. This amendment aims to enhance harmonisation and improve coordination between the two processes. Why this change? The IBBI introduced the Bankruptcy Process for Personal […]