The Minister noted that India is currently experiencing a manufacturing and industrial revolution driven by the global China Plus One policy. In this competitive era, states like Karnataka, Maharashtra, Tamil Nadu and Telangana are striving to be at their best. It is of utmost importance for all the states to be at their competitive peak, he noted
China was willing to maintain communication with the US on the issue but only on the condition that "the US must respect China's core interests and create the necessary conditions for dialogue and exchange between the two sides", he said.
British bike maker Norton Motorcycles, under TVS Motor Company, announced plans to launch six new products in the next three years, targeting increased sales through global partners. TVS Motor commits 200 million pounds for new product development and facilities. Ex-Manchester United CEO Richard Arnold joins as Executive Director. Norton prepares for international expansion, focusing on the US, Germany, France, Italy, and India. CEO Dr. Robert Hentschel highlights investments in R&D for future success.
The DMRC aims to use AI in phase-IV to improve train maintenance and crowd control. Managing director Vikas Kumar highlighted advancements like driverless trains operated with a single click, facial recognition, and CCTV surveillance. Future plans include enhanced crowd management using cameras, in line with PTI and TOI reports.
Finance Minister Nirmala Sitharaman will present the 2024-25 Budget on July 23, targeting renewable energy investments through policy changes, VGF, and incentives. Areas of focus include green growth, storage projects, battery storage, and tax issues. Ashwin Jacob from Deloitte highlights the significance of addressing indirect taxes for Green Hydrogen and refund of input GST for electricity supplied to GH units.
Keshav Prasad Maurya's cryptic remark on party supremacy at BJP’s Lucknow meeting fueled rumored rift with CM Adityanath. Shared on X after meeting J P Nadda in New Delhi. Akhilesh Yadav alleged BJP infighting harming Uttar Pradesh people. Maurya urged ministers, MLAs to respect workers, mentioning 7 Kalidas Marg.
Specialists at a high-level meeting urged for increased surveillance and better coordination to tackle avian influenza. They emphasised the urgency of addressing the threat highlighted by recent outbreaks like the HPAI incident in the USA. Recommendations included enhanced environmental surveillance, updated protocols, and improved coordination at the human-animal-wildlife interface, underscoring the pivotal role of India's poultry sector in food security and economic growth. Vaccination strategies... Читать дальше...
The Damodar Valley Corporation (DVC), India's first multipurpose river valley project, will be corporatised, unbundling into at least three entities for transmission, generation, and distribution to improve efficiency. Union Power Minister Manohar Lal has requested the unbundling exercise and suggested the board explore the IPO route to raise resources for its expansion plans. DVC, established in 1948, is an integrated power major spread across West Bengal and Jharkhand.
French automaker Citroen secured an order for 500 e-C3 electric vehicles from Refex Green Mobility in New Delhi. An MoU was signed, highlighting sustainability and emission cuts. Citroen’s Shishir Mishra and Refex’s Yash Jain emphasize the e-C3, with an ARAI-certified range of 320 kilometers, supporting India’s carbon-neutral goals.
Mercedes-Benz India has launched financial solutions for customers looking to own its model range, including initiatives like 'Step-up EMI', 'Lower EMI with higher annual payout' and 'EMI Holiday', tailored to meet individual financial needs. Mercedes-Benz Financial Services MD & CEO Brendon Sissing introduced the 'Wishbox' financial solution for personalised options. Vice President Sales & Marketing Lance Bennett announced plans to unveil six new models in the latter part of the year.
OmniCard, a business spend management startup, raises $3 million in Pre series A round led by Ankurit Capital and Taisys.
Technological advancements in Fintech have created many opportunities, including roles like Cybersecurity Analysts and Junior Product Managers. Simpl and programs like Fiserv's Technology Analyst Program emphasize talent growth. Skills in compliance, Python, and BANI adaptability post-pandemic are vital. Freelance roles rise in financial literacy and SEO.
ZLB23 at The Leela Palace, Bengaluru, has been named the Best Bar in India and ranked 40th in Asia's 50 Best Bars 2024 list. The list, revealed in Hong Kong, was topped by Bar Leone from Hong Kong, Zest from Seoul, and Jigger & Pony from Singapore. Yangdup Lama from Sidecar, New Delhi, received the Roku Industry Icon Award.
Gold prices hit a record high on Wednesday, as comments from Federal Reserve officials boosted expectations of a September interest rate cut in the U.S.
BMW Motorrad's CE 04 electric scooter will launch in India on July 24 at Rs 10 lakh, with pre-launch bookings open. It features a 9 kWh battery, 41 bhp, 62 Nm torque, 120 kph top speed, 130 km range, 1 hour 40 minutes fast charge, LED lighting, 10.25-inch digital display, ABS, and dynamic traction control.
India is grappling with unemployability in the financial services sector, with nearly 18 lakh jobs not filled last year. GIFT City in Gandhinagar, which employs nearly 6,000 people, is expected to generate nearly 1.5 lakh jobs in the next five years. FPSB India CEO Krishan Mishra said that banks, insurance companies, brokerage houses, and mutual fund companies need trained professionals, and that there are about 40 times as many jobs as the number of Certified Financial Planner (CFP) professionals available.
Amid speculations that hybrid vehicles could be considered for tax incentives ahead of the Union Budget, he said only the strong 'plug-in' hybrids, which have the capability to also run as a battery electric vehicle independent from the internal combustion engine, should be considered for such benefits.
Aviation sector facing severe skill gaps with 17% shortage, projected to exceed 25%! Anticipated growth to create 72,900 new jobs by 2035. Pilots, technicians, and AMEs in high demand. India set to dominate air passenger market by 2030. Government initiatives and apprenticeships crucial to bridge employment gap and ensure industry growth!
Shares of state-owned behemoth Life Insurance Corporation (LIC) have outperformed rivals like HDFC Life and ICICI Prudential Life as it placed bets on India's growth sectors, including infrastructure, while the private sector concentrated bet on tech, consumer and consumer-related BFSI companies.
Former national security adviser Shivshankar Menon claimed that the US passing the 'Resolve Tibet Act' is driven by its rivalry with China, not genuine concern for Tibet. He spoke at the launch of Dilip Sinha's book "Imperial Games in Tibet". The Act enhances American support for Tibet and promotes dialogue between China and the Dalai Lama. Menon praised India's efforts in preserving Tibetan culture and identity.
Busy bragging, a trend where employees boast about their workload, is on the rise. While it may seem harmless, it can lead to burnout and decreased productivity. Learn how to avoid this behavior and create a healthier work environment.
Crisil warns of potential import surges following US tariff hikes on Chinese goods, affecting India's trade dynamics. Despite strong service trade and remittances, the widening trade deficit prompts vigilance. Focus on foreign-trade agreements to boost exports amid robust growth in core sectors like pharmaceuticals and engineering goods underscores economic resilience.
