Industry India NEWS. Stock Market NEWS Updated Daily

Industry India NEWS. Stock Market NEWS Updated Daily

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Industry India NEWS. Stock Market NEWS Updated Daily

ProcMart brings on board Sachin Jain to head finance, strategy

ProcMart brings on board Sachin Jain to head finance, strategy

Procmart appoints sachin jain as cfo and cso to drive growth in b2b marketplace. jain's expertise in finance, tax, it operations adds value. anish popli, founder and ceo, highlights jain's role in enhancing financial frameworks, maximizing shareholder valu
Tag: Industry India    Source: indiatimes.com   Dated: 2024-03-13

How solar projects drive economic growth at the state level

How solar projects drive economic growth at the state level

India's transition to solar power signifies a harmonious marriage of economic growth and environmental responsibility. solar projects, with high roi, energy security, job creation, and community empowerment, redefine the narrative, proving that sustainabil
Tag: Industry India    Source: indiatimes.com   Dated: 2024-03-13

India to be among top 5 markets for Decathlon in next 5 years; to increase local sourcing to over 90 pc: Top exec

India to be among top 5 markets for Decathlon in next 5 years; to increase local sourcing to over 90 pc: Top exec

French sports retailer decathlon considers india a "big priority" market and aims to be among its top five global markets within the next five years. it plans to add 10 new stores annually, increase online sales, and raise local sourcing to over 90% to boo
Tag: Industry India    Source: indiatimes.com   Dated: 2024-03-13

Luxury brands prefer high streets, lease 600,000 sq ft in 2023

Luxury brands prefer high streets, lease 600,000 sq ft in 2023

High streets have become the top choice for luxury brands in india, with over 100% year-on-year growth in leasing in 2023, according to cbre data. malls remain the second most preferred category, with 300% year-on-year growth. luxury brands are aggressivel
Tag: Industry India    Source: indiatimes.com   Dated: 2024-03-13

Two new Delhi Metro lines get Union Cabinet approval: Here are details about route, deadline, stations

Two new Delhi Metro lines get Union Cabinet approval: Here are details about route, deadline, stations

The union cabinet today approved the expansion of two additional delhi metro corridors on wednesday. these corridors will link lajpat nagar to g block in saket and inderlok to indraprastha, covering a total distance of about 20 km. following approval, the
Tag: Industry India    Source: indiatimes.com   Dated: 2024-03-13

RuPay card set to gain market share after RBI directive to give consumers a choice of card network

RuPay card set to gain market share after RBI directive to give consumers a choice of card network

The market share of rupay cards is expected to improve soon as banks implement the recent reserve bank of india (rbi) directive, offering customers the option to choose card networks among visa, mastercard, or rupay. the move, effective october 2024, aims
Tag: Industry India    Source: indiatimes.com   Dated: 2024-03-13

Lohum raises USD 54 million to fuel its market expansion

Lohum raises USD 54 million to fuel its market expansion

The company will use these funds to fuel its market expansion, scaling up recycling operations across india, and also expanding to new energy transition materials markets in north america, the eu, the middle east, africa, and asia, it said.
Tag: Industry India    Source: indiatimes.com   Dated: 2024-03-13

Ather drops battery of upcoming Rizta scooter from 40 feet height. Here's what happened

Ather drops battery of upcoming Rizta scooter from 40 feet height. Here's what happened

Ather energy drop tested their electric scooter's battery from 40 feet height. the battery remained undamaged. ather is launching the rizta family scooter with a larger seat on april 6. the drop test showcased the durability and safety of the battery pack.
Tag: Industry India    Source: indiatimes.com   Dated: 2024-03-13

The Lean Inventory Illusion: A Closer Look at India's Auto Supply Chains


Tag: Industry India    Source: indiatimes.com   Dated: 2024-03-13

Meta sues ex-VP Dipinder Singh Khurana, here's why

Meta, the parent company of facebook, has filed a lawsuit against its former vice president of infrastructure, dipinder singh khurana, also known as t s khurana, for allegedly stealing confidential documents before joining a "stealth" ai cloud computing st
Tag: Industry India    Source: indiatimes.com   Dated: 2024-03-13

India needs to relax visa rules to lure more tourists, says Agoda CEO

"what's fascinating is that a lot of searches are coming from beyond the usual markets for india like the us and middle east. a lot of people from asian countries like japan are finding india fascinating," he said. indians are travelling abroad like never
Tag: Industry India    Source: indiatimes.com   Dated: 2024-03-13

View: March madness is coming for the global shipping game

In the low season, global logistics industry negotiates long-term contracts. game theory is involved. war, pandemics, and financial crises affect shipping. buyers consider availability of long-term capacity and excess capacity. shipping rates remain high.
Tag: Industry India    Source: indiatimes.com   Dated: 2024-03-13

Ola Electric plans e-autorickshaw launch ahead of IPO

Ola electric plans to launch an electric autorickshaw, which will take on the likes of mahindra treo, piaggio ape e-city and bajaj re in the electric three-wheeler segment. the product was under development for a couple of years as part of its wider plans
Tag: Industry India    Source: indiatimes.com   Dated: 2024-03-13

E-Car sales fall to 5-month low in February despite steep price cuts

Electric car sales in india fell to their lowest level in five months in february despite price cuts. lower acquisition cost alone is not enough to encourage buyers to shift to evs. the government's fame india scheme is set to end soon and may lead to furt
Tag: Industry India    Source: indiatimes.com   Dated: 2024-03-13

NCLAT directs Jet ownership transfer to Jalan Kalrock team

The national company appellate tribunal (nclat) directed the transfer of jet airways' ownership to jalan kalrock consortium (jkc) within 90 days. jkc must obtain an air operator's certificate. the tribunal allowed the adjustment of the performance bank gua
Tag: Industry India    Source: indiatimes.com   Dated: 2024-03-13

By 2030, coal companies to up renewable energy capacity to over 9 GW

The ministry is actively promoting the deployment of both rooftop solar and ground-mounted solar projects across mining facilities. plans are underway to develop solar parks within the reclaimed mining areas and otherwise, the ministry said. currently, a c
Tag: Industry India    Source: indiatimes.com   Dated: 2024-03-13

India's food safety regulator working on stricter rules for health supplements

The authority had received several complaints about many non-compliant health supplements being sold in the market, according to anofficial, after which it conducted a drive across the country to check nutraceuticals and health supplements for quality and
Tag: Industry India    Source: indiatimes.com   Dated: 2024-03-13

Better supply and demand drive PV sales to new monthly record

Passenger vehicle sales in india reached a new high for february last month, according to data from siam. two-wheeler sales fell short of the pre-covid february 2020 record. the industry expects the growth momentum to continue.
Tag: Industry India    Source: indiatimes.com   Dated: 2024-03-13

India needs to relax visa rules to lure more tourists, says Agoda CEO

"what's fascinating is that a lot of searches are coming from beyond the usual markets for india like the us and middle east. a lot of people from asian countries like japan are finding india fascinating," he said. indians are travelling abroad like never
Tag: Industry India    Source: indiatimes.com   Dated: 2024-03-13

RBI asks for info on gold loan frauds

The reserve bank of india has asked banks to share info on gold loan frauds and review lending processes after employees manipulated the system. a whistle-blower complaint revealed collusion with customers, manipulated repayments, and liens. rbi banned iif
Tag: Industry India    Source: indiatimes.com   Dated: 2024-03-13

Nykaa-KK Beauty to step up overseas expansion

Nykaa-kk beauty, a joint venture between katrina kaif, nykaa, and matrix india entertainment, plans to aggressively expand in overseas markets, particularly the gulf region. they will also focus on ramping up their offline presence in india. their sales ha
Tag: Industry India    Source: indiatimes.com   Dated: 2024-03-13

Vi eyes 40% of revenues from 5G in over two years

In its presentation, the telecom jv between uk's vodafone and india's aditya birla group, said its delayed entry into the country's next-gen wireless broadband turf would help it access the latest advances in 5g technology in a cost-efficient way. it added
Tag: Industry India    Source: indiatimes.com   Dated: 2024-03-13

Sebi seeks report on action taken by rating firms against IIFL Fin & JM Fin

Sebi seeks explanation from rating agencies, icra ratings and care ratings, for their inaction following rbi's curbs on iifl finance and jm finance product. the reserve bank of india (rbi) banned iifl finance from giving new gold loans on march 4 due to l
Tag: Industry India    Source: indiatimes.com   Dated: 2024-03-13

Delay in DIPAM nod holds up Indian Oil's Mercator buyout

Ioc is awaiting the go-ahead from the department of investment and public asset management (dipam), which is the administrative platform for controlling government assets. the deal marked a rare acquisition by a public sector company through the insolvency
Tag: Industry India    Source: indiatimes.com   Dated: 2024-03-13

PM Modi flags off India's first automobile in-plant Railway siding project

Prime minister narendra modi inaugurated india's first automobile in-plant railway siding project of maruti suzuki india in hansalpur, gujarat. he also laid the foundation stone for railway projects worth ₹85,000 crore, including the launch of 10 new van
Tag: Industry India    Source: indiatimes.com   Dated: 2024-03-13

Panel to review prices of drugs, medical devices

The government has constituted a panel to reform the pricing framework for drugs and medical devices. the committee will evaluate the availability and pricing of essential medicines, balance price and availability, and consider institutional reforms within
Tag: Industry India    Source: indiatimes.com   Dated: 2024-03-13

India can play a key role in building hardy supply chain, says Qualcomm CEO Cristiano Amon

"india is our largest r&d site outside san diego. we have a presence in a number of sites - from hyderabad, bengaluru, chennai and noida. the majority of our chips are designed in india, both hardware and software. with the world looking for alternativ
Tag: Industry India    Source: indiatimes.com   Dated: 2024-03-13

PM Gati Shakti National Master Plan launched for coal sector

The coal database has 74 geographical information system-based layers on the pm gati shakti portal under categories such as coal block, coalfield boundary and land asset data, which will provide stakeholders with infrastructure information. the information
Tag: Industry India    Source: indiatimes.com   Dated: 2024-03-13

Airtel, Jio hand out handset offers for 5G takeoff

Bharti airtel recently announced an exclusive partnership with smartphone company poco, wherein the 5g smartphone price has been brought down to ₹8,799 along with data bundling. it is likely to come out with similar partnerships with other handset makers
Tag: Industry India    Source: indiatimes.com   Dated: 2024-03-13

Audio streaming platforms bet on subscriptions model for growth

Music labels like saregama, the biggest content supplier for audio otts, are helping these platforms pivot to a subscription after relying on the ad-supported model for years. as per a ficci ey report, the ott audio segment will grow from 7-8 million music
Tag: Industry India    Source: indiatimes.com   Dated: 2024-03-13

Railways raises FY25 loco production target by 27 per cent

According to the latest plan, 1,300 wag 9h locomotives will be made annually in fy26 and fy27, while 200 units of the wap 7 variant will be manufactured every year in this period. besides locomotives, the production plan for 50 amrit bharat trains has also
Tag: Industry India    Source: indiatimes.com   Dated: 2024-03-13

NCLT directs IIHL to complete Reliance Capital’s resolution plan within 90 days

The mumbai bench of the national company law tribunal (nclt) on wednesday allowed an application filed by the administrator of reliance capital and directed hinduja group-owned indusind international holdings ltd (iihl) to implement the resolution plan for
Tag: Industry India    Source: indiatimes.com   Dated: 2024-03-13

NCLT admits insolvency application against Winsome Diamond’s promoter Jatin Mehta

“it is noted under section 128 of indian contract act, 1872 that when a default is committed, the principal borrower and surety are jointly and severally liable to the creditor and the creditor has the right to recover its dues from either of them or bot
Tag: Industry India    Source: indiatimes.com   Dated: 2024-03-13

Govt likely to come up with policy to incentivise semiconductor ancillary firms: Rajeev Chandrasekhar

The indian government may introduce a scheme to incentivise semiconductor ancillary firms to address disability and facilitate supply chain players to establish units in india. the government is aware of the disability issue in the semiconductor industry a
Tag: Industry India    Source: indiatimes.com   Dated: 2024-03-13

JSW Infrastructure incorporates arm to execute project at JNPT

Jsw infrastructure incorporates jsw jnpt liquid terminal pvt ltd in mumbai for a port project at jnpt, maharashtra. the subsidiary received a letter of intent for equipping, operation, maintenance, and transfer of liquid cargo berths lb3 and lb4. the loi r
Tag: Industry India    Source: indiatimes.com   Dated: 2024-03-13

Zydus launches anti-cancer generic drug olaparib in India

The drug will target specific genetic mutations prevalent in certain types of cancers, paving the way for a more tailored and effective treatment approach, the company said in a stock exchange filing. the drug will target specific genetic mutations prevale
Tag: Industry India    Source: indiatimes.com   Dated: 2024-03-13

Shree Cement inks pact with StarCrete to acquire 5 RMC plants for Rs 33.50 cr

Shree cement limited has signed an asset purchase agreement with starcrete llp to acquire five operational rmc plants for rs 33.50 crore. the company, in a statement, said with this asset purchase, it has announced its foray into the rmc (ready mix concret
Tag: Industry India    Source: indiatimes.com   Dated: 2024-03-13

DLF sells 4.67 acre Chennai land to Cholamandalam Finance for Rs 735 crore

Dlf sold 4.67 acre land in chennai for rs 735 crore to cholamandalam finance, one of the costliest deals in the region. in gurgaon, dlf will launch phase 2 of privana and a super luxury project in dlf-5.
Tag: Industry India    Source: indiatimes.com   Dated: 2024-03-13

Ill gotten gains of Mahadev app found their way to small cap stocks

In a significant development in the ongoing probe into the mahadev app-linked money laundering case, ed froze a few days ago shares worth rs 1,100 crore held in demat accounts linked to a dubai-based "hawala operator", an accused in the case. recently, th
Tag: Industry India    Source: indiatimes.com   Dated: 2024-03-13

RBI imposes penalty on Bank of India, Bandhan Bank

The reserve bank of india (rbi) has imposed penalties on bank of india and bandhan bank for non-compliance with regulatory norms. bank of india was penalized for non-compliance with 'interest rate on deposits', 'customer service in banks', 'interest rate o
Tag: Industry India    Source: indiatimes.com   Dated: 2024-03-13

Motilal Oswal top official Ashish Gumashta buys luxury apartment in Mumbai’s Bandra west

Ashish gumashta, managing director of strategic initiatives at motilal oswal financial services, has purchased an under-construction luxury apartment in mumbai's bandra locality for over 36.19 crore. gumashta recently resigned as executive chairman of juli
Tag: Industry India    Source: indiatimes.com   Dated: 2024-03-13

Tata Motors to build Rs 9,000-cr plant in Tamil Nadu

Tata motors signs mou with tn government to establish a vehicle manufacturing facility, investing rs. 9000 crores and creating 5000 jobs. tn industries minister trb rajaa and tamil nadu cm mk stalin attend the signing ceremony in chennai. tata motors' seco
Tag: Industry India    Source: indiatimes.com   Dated: 2024-03-13

Goa's Manohar intl airport capacity to touch eight million this year

Goa's manohar international airport is expected to increase its annual passenger handling capacity to 8 million by june-july this year as it looks to increase flight connectivity to new destinations and attract more passengers. the airport, which started o
Tag: Industry India    Source: indiatimes.com   Dated: 2024-03-13

Federal Bank, South Indian Bank stop new co-branded card issuance

Federal bank has three co-branded credit cards with partnerships with onecard scapia technology pvt. ltd and fi brand pvt ltd, targeting mostly the new generation customers. the bank on wednesday said it is in the process of rectifying the areas that are d
Tag: Industry India    Source: indiatimes.com   Dated: 2024-03-13

Tata Motors signs MoU with Tamil Nadu govt for manufacturing plant; to invest Rs 9,000 crore over 5 years

Tata motors and the tamil nadu government have signed a memorandum of understanding (mou) to build a vehicle manufacturing facility in the state, with an investment of rs 9,000 crore over five years. the agreement will create 5,000 jobs and further bolster
Tag: Industry India    Source: indiatimes.com   Dated: 2024-03-13

Govt announces Rs 500 cr scheme to promote e-mobility

The indian heavy industries ministry announced the emps 2024 scheme, with a budget of rs 500 crore, to promote e-mobility. the scheme offers support for 2-wheelers and 3-wheelers, with subsidies up to rs 10,000 for 2-wheelers, up to rs 25,000 for small thr
Tag: Industry India    Source: indiatimes.com   Dated: 2024-03-13

BluPine Energy secures Rs 1,260 cr loan for wind project in Gujarat

Blupine energy secures rs 1,260 crore loan for its 198 mw wind project in gujarat. the plant will generate 65 gwh of wind energy annually, offsetting 6 lakh tonne of co2 emissions. blupine's renewable energy capacity in gujarat will reach 750 mw.
Tag: Industry India    Source: indiatimes.com   Dated: 2024-03-13

Govt notifies new marketing code for pharma industry

The government has implemented a new uniform code for pharmaceutical marketing practices (ucpmp) to control unethical practices in the pharma industry. the code prohibits companies from offering gifts, workshops, or free samples to healthcare professionals
Tag: Industry India    Source: indiatimes.com   Dated: 2024-03-12

Centre relaxes quality control regime on steel and textiles

The centre has exempted inputs used in export products from quality control orders issued by the steel ministry, dpiit, and textiles ministry, as per the directorate general of foreign trade's foreign trade policy, 2023. manufacturers no longer need prior
Tag: Industry India    Source: indiatimes.com   Dated: 2024-03-12

Lohia group to develop projects in Moradabad, Lucknow and Delhi

Lohia group, which has a business of handicraft export, automobile and renewable energy, has entered the real estate sector with projects planned in moradabad, lucknow and delhi.
Tag: Industry India    Source: indiatimes.com   Dated: 2024-03-12

PM Modi to address 'India's Techade', lay foundation stone of 3 semiconductor projects

Prime minister narendra modi will participate in 'india's techade: chips for viksit bharat' and lay the foundation stone of three semiconductor projects worth about rs 1.25 lakh crore on wednesday via video-conferencing. he will also address youth across t
Tag: Industry India    Source: indiatimes.com   Dated: 2024-03-12

Mahindra Lifespaces acquires 9.4-acre land parcel in Bengaluru's Whitefield

"bengaluru continues to remain a focus market for us. this (deal) aligns with our strategy to deepen our presence in india's thriving urban centers, particularly within our focus markets," said amit kumar sinha, managing director & ceo, mahindra lifesp
Tag: Industry India    Source: indiatimes.com   Dated: 2024-03-12

From Patna-Lucknow to Ranchi-Varanasi; list of 10 new Vande Bharat trains launched by PM Modi


Tag: Industry India    Source: indiatimes.com   Dated: 2024-03-12

Reliance's fuel supply to Europe avoids Red Sea: Sources

Reliance, in its chartering contracts, is offering tanker owners a flexibility to go via the red sea, a shipping route vital to east-west trade, or the cape of good hope for safe transportation of the fuels to the buyer, shipping sources said.
Tag: Industry India    Source: indiatimes.com   Dated: 2024-03-12

Rooftop solar plants to be installed in 645 Delhi govt, MCD buildings, will create 50 MW capacity

The delhi government has approved a solar policy to install rooftop solar plants on 645 buildings, including educational institutions and healthcare facilities. the initiative will help make the government buildings more energy-efficient, resulting in the
Tag: Industry India    Source: indiatimes.com   Dated: 2024-03-12

Super healthy rice alternatives to add to your diet

What are some alternatives to rice? rice alternatives to add to your diet
Tag: Industry India    Source: indiatimes.com   Dated: 2024-03-12

Tata Power Solar completes India's largest solar-BESS project in Chhattisgarh

It comprises a 100 mw solar pv project and a 120 mwh utility scale battery energy storage system (bess). tpssl secured the rs 945 crore project from seci in december 2021, handling engineering, construction, and commissioning of the projects.
Tag: Industry India    Source: indiatimes.com   Dated: 2024-03-12

Paytm may get NPCI nod for third-party application license but no relief for banking arm beyond March 15: Report

The national payments corp of india (npci) is expected to grant a third-party application provider license to paytm, also known as one 97 communications, by march 15, according to reuters. however, the reserve bank of india (rbi) is unlikely to extend the
Tag: Industry India    Source: indiatimes.com   Dated: 2024-03-12

JP Morgan extends Rs 200 crore credit facility to Oyo

Jp morgan has provided oyo with a rs 200 crore credit facility to support the expansion of oyo's accelerator programme. launched in march last year, the program aids over 700 hotels and 85 first-generation hoteliers, offering mentorship, technology access,
Tag: Industry India    Source: indiatimes.com   Dated: 2024-03-12

PM Modi dedicates to nation Marathwada Rail Coach Factory, launches various projects in Maharashtra

Prime minister narendra modi dedicated the marathwada rail coach factory, a wagon repair workshop, and various railway projects in maharashtra. he also inaugurated jan aushadi kendras and rail coach restaurants, ensuring employment opportunities and supply
Tag: Industry India    Source: indiatimes.com   Dated: 2024-03-12

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