Commerce and industry minister Piyush Goyal The government is committed to developing a robust startup ecosystem, which would help formalise the economy and help in improving ease of living and doing business, commerce and industry minister Piyush Goyal said Friday. Delivering the keynote address at the 3rd meeting of National Startup Advisory Council virtually, Goyal… Continue reading Committed to developing robust startup ecosystem: Piyush Goyal
Author: Economic Times of India Online News
India’s forex reserves decline by $160 million to $635.66 billion
The foreign currency assets dipped by $645 million to $572.21 billion during the week ended December 17, 2021, as per the RBI’s weekly statistical supplement. Mumbai: India’s foreign exchange (forex) reserves declined by 160 million to $635.66 billion due to a sharp drop in foreign currency assets, the Reserve Bank of India (RBI) data showed… Continue reading India’s forex reserves decline by $160 million to $635.66 billion
Indian engineering exports to China doubles in November 2021
The total engineering goods exports slowed down to USD 7.7 billion (Rs 57,000 crore approx) in November from 9.03 billion (Rs 67,000 crore in October 2021). Engineering goods shipments to China has more than doubled in November, 2021 to USD 434.6 million (Rs 32,60 crore approximately) as compared to USD 205.3 million (Rs 1540 crore)… Continue reading Indian engineering exports to China doubles in November 2021
Surpluses on the horizon to douse fire under copper prices
Mine supply is expected to rise 3.9% to nearly 22 million tonnes next year, according to the International Copper Study Group, which expects a surplus of 328,000 tonnes in the refined market. By Zandi Shabalala LONDON: Higher supplies and softer demand are expected to cool copper prices next year after a dizzying climb to record… Continue reading Surpluses on the horizon to douse fire under copper prices
Nissan, other auto majors join hands to support Japan’s decarbonising target
The three companies will also cooperate with local governments to decarbonize communities by developing solutions that match the characteristics of the region. New Delhi: Nissan Motor Co., Ltd., Sumitomo Corporation and Sumitomo Mitsui Auto Service Company, Limited on Friday inked the Decarbonization Support Partnership for Local Governments, a partnership aimed to achieve carbon neutrality by… Continue reading Nissan, other auto majors join hands to support Japan’s decarbonising target
Brighter days await renewable energy space; investments likely to cross USD 15 billion in 2022
India, which has an installed renewable energy generation capacity of a little over 150 GW, aims to reach 175 GW in 2022. After witnessing cloudy skies this year, the country’s renewable energy sector is expected to boom with a likely investment of over USD 15 billion in 2022 as the government focuses on electric vehicles,… Continue reading Brighter days await renewable energy space; investments likely to cross USD 15 billion in 2022
GM, Waymo, others join retreat from CES over rising COVID-19 cases
Consumer Electronics Show (CES) U.S. automaker General Motors Co, Waymo, the Alphabet Inc-owned self-driving auto-technology company, and ByteDance’s social video app TikTok on Thursday joined the companies no longer attending the Consumer Electronics Show (CES) in person early next month due to rising COVID-19 infections. GM’s chief executive, Mary Barra, had been scheduled to give… Continue reading GM, Waymo, others join retreat from CES over rising COVID-19 cases
How India may become an AI powerhouse?
As Artificial Intelligence becomes more mainstream, data will be a key asset. We need to create India-centric datasets that take India’s needs and rich diversity into cognizance. Artificial Intelligence or AI is the ability of devices to display human-like intelligence using data. AI has become ubiquitous like electricity- invisible but enhancing multiple aspects of our… Continue reading How India may become an AI powerhouse?
IPB clears 4 projects worth Rs 230cr with potential to create 1,489 jobs
The investment proposals are for light engineering firms, manufacturing, agro-food processing and an automotive service facility. Panaji: The Goa Investment Promotion and Facilitation Board (IPB) met on Thursday and cleared four investment proposals, which could bring in Rs 230 crore of investment to the state and also create jobs for 1,489 people. Chief minister Pramod… Continue reading IPB clears 4 projects worth Rs 230cr with potential to create 1,489 jobs
Gadkari lays foundation stone of National Highway projects worth Rs 9,119 crore
Union Minister for Road Transport and Highways Nitin Gadkari New Delhi: Union Minister for Road Transport and Highways Nitin Gadkari on Thursday laid the foundation stone of National Highway projects of 240 Km worth Rs 9,119 crore in Meerut and Muzaffarnagar in Uttar Pradesh. Gadkari also launched the first Intelligent Transport System (ITS) on 6… Continue reading Gadkari lays foundation stone of National Highway projects worth Rs 9,119 crore