Advertisements The Ministry of Commerce and Industry’s export promotion body for agricultural products APEDA has set an export target of USD 23.56 billion for the financial year (FY) 2022-23. The ministry in a statement said that the APEDA has made… Read More ›
Government/Sovereign
Foreign Exchange Reserves Fall USD 897 Mn To USD 572.98 Bn In Week Ending Aug 5
Advertisements India’s foreign exchange reserves fell $897 million to $572.978 billion in the week ended August 5, according to the Reserve Bank of India’s (RBI) bulletin weekly statistical supplement. The fall was witnessed after it rose during the week ending… Read More ›
Value Of EPFO’s INR 1.59 Tn Investment In ETFs Rises To INR 2.26 Tn: Govt
Advertisements Retirement fund body EPFO has invested Rs 1,59,299.46 crore in Exchange Traded Funds (ETFs) till March 2022 and its notional market value of these investments was Rs 2,26,919.18 crore, Parliament was informed on Monday. The EPFO has been investing… Read More ›
India Plans To Arm CCI With Power To Scrutinise Global M&A Deals
Advertisements The Centre on Friday proposed significant amendments in the Competition Act, 2002, aiming to give the Competition Commission of India (CCI) powers to scrutinise all global mergers and acquisition deals exceeding $252 million with “substantial business operations in India”…. Read More ›
USD 1 Tn Economy Target: UP Govt Appoints Deloitte Consultant, Signs MoU
Advertisements The Uttar Pradesh government on Friday signed a memorandum of understanding with Deloitte India, appointing it as a consultant for achieving the target of bringing the state’s economy to USD1 trillion mark. The MoU between the consultancy agency and… Read More ›
Odisha Approves Investments Worth Over INR 2,250 Cr To Create Employment
Advertisements Odisha government approved 11 investment proposals worth Rs 2253.15 crore on Thursday, for expeditious economic growth and the creation of new employment opportunities. The industrialization investment proposals were cleared by the State Level Single Window Clearance Authority headed by… Read More ›
INR 494 Cr FDI Received In Defence Sector Since Revising Policy: Govt
Advertisements India has received around Rs 494 crore of foreign direct investment in the defence sector since revising the policy relating to it in September 2020, the government said in Lok Sabha on Monday. In the last few years, the… Read More ›
Indian Govt Plans Mega INR 80,000 Cr Electric Bus Contract To Curb Emissions
Advertisements State-controlled Convergence Energy Services Ltd. is planning a $10-billion tender for 50,000 electric buses that will drive India’s plans to decarbonize public transport and help meet its goals for net zero emissions. CESL Managing Director Mahua Acharya said such… Read More ›
Tata Power To Invest INR 3000 Cr To Set Up Solar Cell Manufacturing Unit
Advertisements Tata Power on Monday announced that it has inked a pact with the Tamil Nadu government to invest Rs 3,000 crore for setting up a new facility to manufacture solar cells and modules in Tirunelveli district of the state…. Read More ›
TN Signs Investment MoUs Worth INR 125,244 Cr
Advertisements The makers of green hydrogen, solar cells, lithium ion cells, aerospace component, pumps for ships, electric vehicles (EV), drones, textiles and others were part of 60 companies that signed investment Memoranda of Understanding (MoU) with the Tamil Nadu government… Read More ›