State-run Hindustan Aeronautics Limited has won a bid under which it will receive technology from the Indian Space Research Organisation for the end-to-end commercial production of the Small Satellite Launch Vehicle (SSLV), a first for the industry as India seeks to become a global hub for small satellite manufacturing and launches.
The private consortium would invest more than Rs 1,200 crore over the next five years to launch a constellation of 12 state-of-the-art Earth Observation satellites equipped with panchromatic, multispectral, hyperspectral, and microwave SAR (synthetic aperture radar) sensors.
Stars dazzle on the green carpet at the 25th IIFAs in Jaipur.
President Droupadi Murmu on Saturday approved 139 Padma awards including seven Padma Vibhushans, 19 Padma Bhushans and 113 Padma Shris.
The CPI-M leader was the chief minister of the state from 2000 to 2011.
Two-time champions Kolkata Knight Riders will seek home comfort in their bid to return to winning ways when they face a depleted Lucknow Super Giants in the Indian Premier League match in Kolkata on Sunday.
The Bharatiya Janata Party's first list of 24 candidates for Lok Sabha from Madhya Pradesh featured former chief minister Shivraj Singh Chouhan and Union minister Jyotiraditya Scindia, while Bhopal MP Pragya Singh Thakur was replaced by another candidate.
How the IPL teams have shaped up after the auction.
The country's exports for the first time crossed the $400 billion mark in a fiscal on healthy performance by sectors such as petroleum products, engineering, gems and jewellery, and chemicals, according to the commerce ministry's data released on Wednesday. The merchandise exports rose by by 37 per cent to $400.8 billion in 2021-22 until March 21 against $292 billion in 2020-21. Previously, the outbound shipments had touched a record of $330.07 billion in 2018-19.
Industry leaders, including Mahindra Group chairman Anand Mahindra, RPG Enterprises chairman Harsh Goenka and Biocon Ltd chairperson Kiran Mazumdar-Shaw on Monday came out in support of the Agnipath scheme, saying it has large potential for employment of youth in the corporate sector. Mahindra also expressed dismay over the violence against the scheme while asserting that the farm equipment to aerospace conglomerate welcomes the opportunity to recruit trained, capable and young people under the programme. The Agnipath scheme, announced on June 14, provides for the recruitment of youths between the age bracket of 17-and-half years to 21 for only four years with a provision to retain 25 per cent of them for 15 more years.
In years past, we often approached the Budget expecting to see changes in direct and indirect taxes. Those days are behind us. The Budget of today seeks to expand the economy and keep it at the forefront of technology, observes Harsh Goenka.
Consumer products like mobile phones and laptops may become cheaper as the overall taxes on goods are likely to come down
Automobile manufacturers, new and old, as well as ancillary suppliers are set to spend a combined Rs 70,630 crore over the next five years on either entering the electric vehicle segment or stepping up their presence in it. Data culled from announcements made by firms shows India, the world's fifth largest automobile market, is poised to receive one of the biggest capex pushes ever to fuel the transition from internal combustion engines to electric motors and batteries as part of a green drive. The EV push, egged on by the government's emphasis on electric mobility to meet its net zero targets, is expected to yield at least 25 electric vehicles - new ones as well as electrified versions of existing vehicles running on internal combustion engines.
Monetising online readership, a deeper focus on content and getting revenue from the reader are ways to make the business future-proof, observes Vanita Kohli-Khandekar.
Barely 10% of small businesses are in a GST-ready position, say experts
A left-leaning centralised socialist model has created a shortage/entitlement economy. In fact one of the reasons for India's limited progress is that post-independent India is at odds with its true nature. It is something that educated right of centre Hindus are trying to correct, says Sanjeev Nayyar.
Meet the winners of the Lokmat Most Stylish awards.
Birla was the chairman of Century Textiles and Industries and had been active in business since the age of 15. He was instrumental in a slew of business initiatives, starting with his stint as the chairman of Kesoram Industries.
'For us outsiders, the first break comes with a lot of difficulty.' 'In case of people from the industry, the first couple of breaks are taken care of.' 'They are guided and taught while we have nowhere to look for guidance.'
Finance Minister Nirmala Sitharaman on Tuesday unveiled a Rs 39.45 lakh crore Budget with a view to fire up the key engines of the economy to sustain a world-beating recovery from the pandemic. This was Sitharaman's fourth Budget. While the taxpayers were left in the lurch, once again, was she able to cheer Corporate India?
While companies have not launched too many products in rural areas of late, easy financing has helped push up demand.
It takes eight to nine months for developing a robust software from the time the rules are decided, warns Bharat Goenka, managing director of Tally Solutions, one of the entities entrusted as a 'Suvidha Provider' with developing ready software for customers to get them ready for the coming Goods and Services Tax.
Component makers don't see any recovery yet, but manufacturers believe the end of poor sales is nearing its end.
'This solid verdict would further strengthen his resolve to drive forward the economic agenda to ensure that the fruits of the economic momentum continue to reach the poor, so visible during the last five years.'
As the Centre pushes reforms in the power sector, especially for the beleaguered electricity distribution segment, several states, especially those ruled by Opposition parties, are clamouring against it. Maharashtra, West Bengal, Tamil Nadu, and Kerela have voiced their reservations against the proposed amendments to the Electricity Act, 2003. The irony is the states opposing the amendments on the ground of threat of privatisation already have private partnerships in power supply. The proposed Bill was slated to be placed on the floor of Parliament in the Monsoon session. But it still awaits Cabinet approval amid several states complaining that they have been not consulted on the issue.
Customers won't shift to electric cars until there is countrywide infrastructure for charging stations, which should be as spread out as petrol pumps now. Two, the price of the lithium ion battery, which constitutes 30 to 40 per cent of the cost of an electric car, has to fall substantially, so that the vehicle is as affordable as a gasoline one.
"India's middle class, small traders and farmers are the lifelines of its economic growth. By catering to these ambitions #Budget2019 infuses hopes for millions of dreams."
Automobile manufacturers said Euro-VI grade vehicles will not hit the roads before 2020 but the advancement gives them confidence to make investments in manufacturing such vehicles.
Mamata woos industry with boat ride to Gangasagar, Sundarbans
Back from incarceration, JNUSU president Kanhaiya Kumar on Thursday night delivered a fiery speech peppered with humour at the Jawaharlal Nehru University campus to target the Narendra Modi dispensation and the Sangh Parivar.
The battered rupee gained 225 paise to 66.55 against the dollar today, the most in at least 15 years, after the Reserve Bank of India eased pressure in the currency market by starting a facility for state-run oil refiners to buy foreign exchange.
Besides the manufacturing industry, voices in favouring the need for protectionism have also been heard from local start-ups, which at times find it tough to compete with global players that entered India with deep pockets.
Why must Indians adjust their time-tested system because of what the West needs, asks Sanjeev Nayyar.
'What you see is the depiction, not the glorification.'
'It would be too sweeping to say that the elites and the middle-class don't care about liberty.' 'It is just that they are always calculating the trade-offs: What's in it for me, what could it cost me?' 'To that extent, we haven't changed in 40 years,' says Shekhar Gupta.
'I am angry because this ever happened.' 'I am sad because it's painful to think what they must be going through.' 'I am glad we've fought hard to break through such cruel tradition.' 'But it burns my blood to think we're still holding on to regressive culture that is stemmed from preserving this so-called honour,' says Sukanya Verma.
The National Innovation Foundation India (NIF), Ahmedabad shared the ideas that shined at the IGNITE 2015.
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