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
Author: Economic Times of India Online News
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
Road accidents in India are like silent pandemic: Rajnath Singh
The Union Defence Minister said the start of two ‘Centres of Excellence’ based on the study of ‘Road Safety’, and roads, bridges, tunnels, air-fields is a matter of great pride for the country. He said these centres complement each other in their objectives. New Delhi: Voicing his concerns over rising road accidents, Union Defence Minister… Continue reading Road accidents in India are like silent pandemic: Rajnath Singh
Spoton Logistics to hire 700 people across functions
By Khushboo Kumari Spoton Logistics, which currently has over 1,800 employees, aims to raise the headcount to 2,500 people by the next year. The company has spent close to a decade in the logistics sector and is now working towards expanding its services across industry verticals. The company will hire candidates across functions, including operations… Continue reading Spoton Logistics to hire 700 people across functions
India has only scratched the surface in online retail, no real competition there yet: K Ganesh, GrowthStory
K Ganesh, Founder, GrowthStory tells ET Now’s Tamanna Inamdar about Tata Digital’s recent deal spree and what these new deals portend for Indian etail. Edited excerpts:How do you look Tata Digital’s shopping spree? What are the challenges here that the company faces?This is a milestone moment — a large, traditional conglomerate has taken the big,… Continue reading India has only scratched the surface in online retail, no real competition there yet: K Ganesh, GrowthStory
300% increase in freight costs plague SMEs
Based on the shipping and logistics crisis plaguing the industry since the onset of Covid freight costs have skyrocketed 300% worsening the situation for Indian SMEs who are navigating their business amidst the global pandemic. The shipping and logistics crisis plaguing the industry since the onset of Covid freight costs have skyrocketed 300% , worsening… Continue reading 300% increase in freight costs plague SMEs