Mumbai-Based Ashok Leyland Commits Rs 1,200 Crore Investment in Electric Vehicle Subsidiary, Switch Mobility The Board of Directors approved this infusion for capital expenditure, research and development (R&D), and operational needs in both the UK and India. The funds will be infused over the next few months, subject to statutory approvals, and will be administered […]
India is not planning to impose any measures to curb imports or investments from Canada, despite simmering diplomatic tensions between the two countries, two senior government sources in New Delhi said. Ties between New Delhi and Ottawa deteriorated sharply after Prime Minister Justin Trudeau said in September his intelligence agencies were pursuing credible allegations tying […]
India will spend nearly Rs 143 lakh crore on infrastructure in seven fiscals through 2030, more than twice the Rs 67 lakh crore spent in the previous seven starting fiscal 2017, Crisil has said. Of the total, Rs 36.6 lakh crore will be green investments, marking a five times rise compared with fiscals 2017-2023. Amish […]
All India Gem and Jewellery Domestic Council (GJC), the apex trade body that unites jewellery manufacturers, wholesalers, retailers and exporters, announced the launch of Jewellery Shopping Festival (IJSF) in New Delhi. The launch will be held across the country in 300 cities from 15 October to 22 November. The festival will offer benefits to both […]
India is exploring trade in local currencies with Tanzania, said Dammu Ravi, Secretary (Economic Relations) in the Ministry of External Affairs on Monday at a presser. “We are exploring new areas of cooperation including in trade in local currencies. This is one of the topics discussed by the two leaders,” Ravi told reporters in the […]
Abu Dhabi Investment Authority is set to invest Rs 4,966.80 crore into Reliance Retail Ventures, acquiring a 0.59 per cent stake in the company, as confirmed by Reliance Industries on Friday. In a regulatory filing, Reliance Industries stated, “This investment values RRVL at a pre-money equity value of Rs 8.381 lakh crore (USD 100.83 billion), […]
Reliance Brands through its wholly owned subsidiary in UK (RBUK), has on Wednesday signed a definitive agreement to enter a joint venture with UK-based Superdry PLC, marking a significant new chapter in its partnership with Superdry PLC. Reliance Brands Limited (RBL) is a subsidiary of Reliance Retail Ventures Limited and began operations in 2007 with […]
Godrej Agrovet’s oil palm business vertical has announced that the company will set up an integrated palm oil complex in Telangana. To be set up in the Khammam district, it will consist of a crude palm oil mill along with the provision of setting up a refinery in the near future. The company has an […]
The Federation of Indian Export Organisations (FIEO) on Friday requested Union Finance Minister Nirmala Sitharaman to extend benefits till March 2024 that were provided under the Emergency Credit Line Guarantee Scheme (ECLGS). According to reports, the scheme ended in March 2023. The Emergency Credit Line Guarantee Scheme (ECLGS) was launched in May 2020 as part […]
The textile industry of Haryana is planning to shift its units to Uttar Pradesh and a delegation of the Haryana Textiles Association met the Uttar Pradesh Chief Minister Yogi Adityanath recently. According to an official statement released by the association, the textile industry is taking this step after being impressed with the improved law and […]
