The report points out that doubts over India’s economic recovery led to significant capital outflows in April and May. MUMBAI: The country’s forex reserves crossed the $600-billion mark for the first time on the back of continued foreign investment flow into the capital markets. According to the RBI, forex reserves increased by $6.8 billion in… Continue reading Forex reserves cross $600 billion for first time on foreign flows
Author: Economic Times of India Online News
India to require 400k charging stations for 2 mn EVs by 2026: Report
In addition, the report mentioned the impact of the pandemic on the emergence of a new consumer who is eager to be healthy, breathe clean air and build a better, more resilient world for the next generation. New Delhi: India needs about 400,000 charging stations to meet the requirement for two million Electric Vehicles (EV)… Continue reading India to require 400k charging stations for 2 mn EVs by 2026: Report
BALCO reducing carbon footprint through next-generation technology
The company has integrated smart technologies and design modifications in its potlines progressively to reduce its specific power consumption by using a graphitized pot with thermal modelling and other digital interventions. Balconagar Korba: Bharat Aluminium Company (BALCO), India’s iconic aluminium producer is a strong proponent of leveraging next-generation technology to make its manufacturing process sustainable… Continue reading BALCO reducing carbon footprint through next-generation technology
Om Logistics partners with Democracy People Foundation for Mission Oxygen initiative
so far 55000 Oximeters have been donated and Rs. 55 Cr. funds were raised by Democracy People Foundation. They are also working towards setting up oxygen generation plants. New Delhi: Om Logistics, India’s leading 360-degree logistics solutions company, as a social cause, has helped Democracy People Foundation deliver 5000 Oxygen Concentrators to hospitals across India… Continue reading Om Logistics partners with Democracy People Foundation for Mission Oxygen initiative
Andhra sanctions Rs 1.4K cr to develop state node of CBIC
Automobile and auto components, textile and wearing apparels, chemical, pharmaceutical and manufacturing of electrical equipment, computer electronics and optical products are expected to come up in the industrial node. New Delhi: The Andhra Pradesh government has sanctioned Rs 1,448 crore to form a special purpose vehicle, NKICDL (NICDIT Krishnapatnam Industrial City Development Limited), with equity… Continue reading Andhra sanctions Rs 1.4K cr to develop state node of CBIC
Ahead of IPO Sona Comstar raises INR 2,498 crore from anchor issue
Sona Comstar informed the bourses that it has allocated 8.6 crore shares at INR 291 a share on Friday, June 11, 2021, to anchor investors. The bid/offer period in relation to its initial public offering of equity shares will open on Monday, June 14, 2021, and close on Wednesday, June 16, 2021. New Delhi: Sona… Continue reading Ahead of IPO Sona Comstar raises INR 2,498 crore from anchor issue
NHAI debars consultancy firm from participation in bids
The consultancy firm was engaged for supervision of four-laning of the Sultanpur-Varanasi section in Uttar Pradesh, but it failed to perform its assigned duties while delivering supervision consultancy services for the project. New Delhi: The National Highways Authority of India (NHAI) has declared MSV International Inc, along with Mspark Futuristics & Associates, as non-performers and… Continue reading NHAI debars consultancy firm from participation in bids
Forex reserves cross $600 billion mark for first time
MUMBAI: The country’s foreign exchange reserves crossed the $600 billion mark for the first time after increasing by $6.842 billion in the week ended June 4, RBI data showed on Friday. The reserves surged to a record $605.008 billion in the reporting week, helped by a rise in foreign currency assets (FCA), a major component… Continue reading Forex reserves cross $600 billion mark for first time
FM asks various ministries to front load capex; explore PPPs for viable projects
During a meeting with senior government officials to discuss the infrastructure roadmap, she also urged the ministries and their CPSEs to ensure clearance of Micro, Small and Medium Enterprises (MSME) dues at the earliest. New Delhi: Finance Nirmala Sitharaman on Friday asked various ministries to try to spend more than their capital expenditure targets as… Continue reading FM asks various ministries to front load capex; explore PPPs for viable projects
Road ministry notifies rules for accredited driver training centers
These centres will be equipped with simulators and a dedicated driving test track to provide high-quality training to candidates, the Ministry of Road Transport & Highways (MoRTH) said, adding that remedial and refresher courses, as per the requirements under Motor Vehicles Act, 1988, can be availed at these centres. The road ministry on Friday notified… Continue reading Road ministry notifies rules for accredited driver training centers