In 2021, the government approved the PLI scheme for textiles with an approved outlay of Rs 10,683 crore over a five year period to promote production of MMF (man-made fibre) Apparel, MMF Fabrics and Products of Technical Textiles in the country to enable textiles industry to achieve size and scale and to become competitive.
Solar solutions provider SunSource Energy on Tuesday announced the commissioning of three open access solar power plants totalling a capacity of 45 MWp in Uttar Pradesh. Located in Jhansi and Lalitpur districts on a combined area of 150 acres, these projects have a total capacity of 45 MWp and signify the continued commitment of SunSource Energy to expanding its footprint in the state, a company statement said.
DEE Development Engineers, specializing in process piping solutions, is set to list with a 47% premium. The IPO saw strong demand, especially from QIB investors.
The Nifty Realty index closed 1.75 per cent down at 1115.5.
There are no such things as poor people. They are poor places. Say two brothers grew up in Moradabad. One of them stays back in Moradabad and another went off to Dubai. After five years, one person will be earning a lot more than the other. Why does this happen? It is because places matter, says Sanjeev Sanyal
The WEF said these top 10 emerging technologies focus on applications in health, communication, infrastructure and sustainability. The report also states AI will enable researchers to make unprecedented connections and advancements in understanding diseases, proposing new materials, and enhancing knowledge of the human body and mind.
Investors face volatility as Bitcoin and Nvidia suffer losses, emphasizing the need for market diversification beyond technology.
Yatin Yadav, the alleged kingpin in the 2022 JKSSB sub-inspector recruitment exam paper leak case, was remanded to seven-day Enforcement Directorate custody by a special court in Jammu. The case involves the cancellation of a selected list of candidates due to paper leak and malpractice. The ED is now investigating Yadav's alleged involvement in a scheme to access leaked papers for payments ranging from Rs 15 lakh to Rs 30 lakh.
Hitachi Energy India has secured a Rs 790 crore order from Hitachi Energy Australia for the Marinus Link HVDC project, a critical Australian national energy initiative. Scheduled over four years, key equipment will be delivered from India, highlighting the project’s importance in supporting Australia's energy infrastructure.
A sessions court on Tuesday extended the remand of former Tamil Nadu Minister V Senthil Balaji, arrested by the ED in a money laundering case, till July 1. Principal Sessions Judge S Alli, before whom Senthil Balaji was produced by the prosecution through video-conferencing from the Central Puzhal Prison here, also extended his judicial custody till July 1.
The funds raised will be deployed in retail micro-loans, MSME loans, and green loans, the statement said, adding that this will also help in the wish to fostering inclusive economic growth and environmental sustainability.
WILO Mather and Platt Pumps strategically invests in India, emphasizing capacity enhancement and global operations. The company envisions substantial revenue growth through exports and heightened domestic demand, supported by a robust manufacturing infrastructure and strategic market expansion plans.
Tesla is recalling over 11,000 Cybertruck electric pickups due to potential safety hazards including windshield wiper failure impacting visibility and loose trunk bed trim posing a road hazard. This adds to previous recalls for accelerator pedal pad issues. These setbacks come as Tesla prepares for mass production of the delayed vehicle and faces challenges. The company will fix the problems at no cost to affected owners.
The Bombay High Court has released the juvenile accused in the Pune Porsche crash into his aunt's custody, continuing his psychological sessions. The 17-year-old's drive on May 19 killed two engineers, causing national outrage. Despite bail, his parents and grandfather were arrested for an attempted cover-up. Maharashtra CM Eknath Shinde promised strict actions and support for the victims' families.
Lok Sabha speaker election: Om Birla vs K Suresh, who is the new Speaker of the Lok Sabha?
During a pre-budget meeting with Finance Minister Nirmala Sitharaman, industry representatives urged for reduced indirect taxes and rationalized duty structures. FIEO's Ashwani Kumar requested extending the Interest Equalisation Scheme for five years. Reliance Industries sought a review of tariffs on Chinese imports, and Nasscom pushed for easing transfer pricing rules.
Advisories mandate safety measures for school buses in Kolkata, including paint color specifications, emergency equipment, and contact details display. Stakeholder consultation and strict regulations on vehicle features and capacity aim to enhance child safety during transportation.
The former chief minister, who led a delegation of his party legislators and advocate-wing members, met Ravi at Raj Bhavan here and submitted a memorandum on the alleged failure of the DMK government in containing the brewing and sale of illicit arrack, he said.
A new helicopter service from Jammu to Mata Vaishno Devi temple allows pilgrims same-day 'darshan', addressing time constraints. Introduced by Shri Mata Vaishno Devi Shrine Board, packages start at Rs 35,000 for a return trip, ensuring enhanced pilgrim facilities. The service, initiated under Chairman Manoj Sinha's direction, aims to cater to high demand and improve pilgrimage convenience amid weather challenges.
Research underscores the stark contrast in mortality risks between coffee drinkers and non-drinkers engaging in prolonged sitting. Coffee consumption exhibits potential in reducing the risk of death, particularly for those with sedentary lifestyles. Further exploration into coffee's properties is warranted to unveil its full potential in mortality risk reduction.
BUDGET EXPECTATION: In its pre-budget meeting with the finance minister Nirmala Sitharaman on Monday, BMS general secretary Ravindra Himte demanded increasing the minimum pension under the Employees’ Pension Scheme (EPS), 1995 from Rs 1,000 to Rs 5,000 while enhancing of honorarium of scheme workers, especially for Asha, Aanganwadi, Mid-day Meal and National Health Mission workers, the central trade union said in a statement issued on Tuesday.
In light of the escalating retail trading activity, regulatory bodies like Sebi and the RBI have formed an early warning group to monitor the situation closely, emphasizing the need for caution in F&O trading. In a recent post on social media, a CA said that he found that a BTech student had lost Rs 46 lakh in 2 years in F&O trading.
The Southwest Monsoon reached Rajasthan on Tuesday, according to the Met Centre here. The weather office said that the monsoon has further advanced into some more parts of the North Arabian Sea, Gujarat, Madhya Pradesh and parts of southeast Rajasthan.
