The country's first ever carmaker, Hindustan Motors, is looking at a second coming. Talks are on for a joint venture with a European auto company focused on the electric vehicle (EV) space. A memorandum of understanding (MoU) has been signed and due diligence is expected to start shortly and will take 2-3 months to conclude.
Vedanta chairman Anil Agarwal on Saturday pressed for further liberalisation of the defence sector and called for corporatisation of defence factories to make the country self reliant in respect of arms and ammunition. There are 52 defence factories for manufacturing arms and ammunition in the country but most of them are running at 10 per cent capacity, he said. "We (India) can be the largest producer of arms and ammunition. "If the defence factories are corporatised it will bring in a new way of thinking," Agarwal said while addressing the inauguration of a post graduate programme for executives virtually from London.
As Germany took note of Rahul Gandhi's disqualification from Lok Sabha, the Bharatiya Janata Party on Thursday accused the Congress of 'inviting foreign powers' for interference in India's internal matters and the Opposition party hit back, alleging that its rival was attempting to divert attention from the Adani issue.
India does not have the facilities needed for developing advanced aerospace products. There is only one wind tunnel in the country, the almost six decade old one in the National Aeronautics Laboratory.
The implementation of the NEP and four-year undergraduate programme were approved by the Standing Committee on Academic Matters and the Academic Council last week.
Indian conglomerate Vedanta on Monday said it has signed a pact with electronics manufacturing services giant Foxconn to form a joint venture (JV) for manufacturing semiconductors in India. Vedanta is the first company to make the announcement to invest in semiconductor manufacturing after the government announced a Rs 76,000-crore programme to boost electronic chip and display ecosystem in the country. This is also the second attempt of Vedanta to enter the semiconductor space after its earlier plans to set up a display unit with about Rs 60,000 crore investment could not take off.
The Crown Prince "welcomed the recent understanding reached between the military authorities of Pakistan and India regarding ceasefire at the Line of Control, which is based on a 2003 understanding between Pakistan and India.
Tata Motors has inked a pact to acquire Ford India's Sanand-based manufacturing plant for Rs 725.7 crore, as it aims to bolster its passenger vehicle production capacity. As part of the deal, Tata Motors will get the entire land and buildings, vehicle manufacturing plant along with machinery and equipment situated therein, the Mumbai-based auto major said in a statement. The deal also includes the transfer of all eligible employees, it added.
Top officials from MotoGP's commercial rights holder Dorna had visited India earlier this month to sign a seven-year MoU
Brushing aside concerns raised by proxy advisory firm IiAS on Suzuki's investment in the EV project, Maruti Suzuki chairman RC Bhargava on Thursday asserted that there was nothing in it against the interest of the company and its shareholders as it is part of an earlier arrangement. Countering the criticism from the proxy advisory firm, Bhargava noted that all models produced at Suzuki Motor Gujarat (SMG), including EVs, would be ultimately sold by Maruti Suzuki India (MSI) in the marketplace. IiAS has raised serious questions regarding the decision of the Suzuki Motor Corporation (SMC) to invest directly in the EV project instead of MSI doing it.
British Prime Minister Rishi Sunak on Wednesday green lit a new youth mobility partnership scheme that will offer 3,000 visas to 18-30-year-old degree-educated Indians every year to live and work in the United Kingdom for up to two years.
The Tata group is planning to invest $90 billion in new industries such as mobile components plant, semiconductor, electric vehicles, batteries, renewables energy and e-commerce by 2027. The Tata group's investment in India is far higher than the $75-billion investments planned by Mukesh Ambani-owned Reliance Industries and $55-billion investment planned by the Adani group in the next five years in the country, the Economist reported recently. The investment by the Tata group is a shift in its strategy to focus more in the home markets instead of international markets where the group lost money.
Private sector lender Kotak Mahindra Bank will handle the salary account of the Indian army personnel, the bank said on Thursday. The bank has signed a memorandum of understanding (MoU) with the Indian Army for salary account. The MoU enables Kotak to offer its salary account proposition, combined with exclusive benefits for the Indian Army, to all army personnel - both active and retired, Kotak said in a release.
About 200,000 school children will be benefited through E-Sikshya project, an official said, adding that the project aims at bridging the gap by providing quality E-Content on English, Science, Mathematics and Social Science for the students of standard VI to X, which will be delivered by using a projector.
'I clearly recall how you immediately directed your administration to identify and allocate land, water, and other clearances in the shortest time possible.' 'That was the fastest decision-making process I have ever witnessed.'
India wrapped up their shooting assignment at the 24th Deaflympics in Caxais do Sul, Brazil, by finishing in second place with three gold and two bronze medals.
India and Pakistan on Tuesday agreed to enhance cooperation through "effective and sustained steps" to control illicit drug trade and signed a Memorandum of Understanding to boost efforts to prevent the trafficking of narcotics and precursor chemicals.
Union Minister Anurag Thakur hit out at Gandhi over his claims of being under surveillance by intelligence agencies and accused him of maligning India on foreign soil.
Congress as the opposition party has become increasingly aggressive against the Narendra Modi government over its handling of the border standoff with China.
Chief ministers of the two North-eastern neighbours announced in separate tweets that they met at Namsai in Arunachal Pradesh and signed the agreement.
A pilot project on paperless functioning which had been initiated in the IT-BT department of the state government was expected to be completed by next week, he said.
The Board of Governors of the Pakistan Cricket Board on Friday gave approval for adopting legal recourse against the Board of Control for Cricket in India for not honouring the Memorandum of Understanding (MoU) between the two boards in 2014 to play bilateral series.
State industries minister Uday Samant alleged the previous Maha Vikas Aghadi dispensation was responsible for the loss as it sat on the project offer for seven months whereas the new government approved incentives worth Rs 38,831 crore in July.
Over 2,500 international delegates from more than 150 countries are expected for the Vibrant Gujarat Summit, as against 2,100 delegates from 121 countries in 2013.
Over 2,500 international delegates from more than 150 countries are expected for the Vibrant Gujarat Summit, as against 2,100 delegates from 121 countries in 2013.
The last commercial flight between India and Afghanistan was operated by Air India on Kabul-Delhi route on August 15, the day Kabul fell to the Taliban.
IT services provider Satyam Computers Services Ltd said on Monday it has entered into an agreement with The University of Melbourne for enabling students of the varsity to do software development internship with the company each year.\n\n
Tata Motors on Thursday said it has signed a memorandum of understanding with Italy's Fiat.
The Kerala police on Tuesday registered a case against IAS officer N Prasanth for allegedly insulting the modesty of a woman journalist by sending her inappropriate stickers over WhatsApp when she reached out to him for an official reaction.
The 36 villages cover a 36.9 sq km area, while the 30 villages are spread over 18 sq km area, he said.
American trainers and technical know-how will be provided to India to assist in these areas.
Energy supermajor Exxon Mobil Corp is in talks to buy a stake in producing oil and gas fields in India, Oil Minister Dharmendra Pradhan said on Wednesday showcasing efforts to raise domestic output to cut imports. Exxon Mobil had in October last year signed a memorandum of understanding (MoU) with state-owned Oil and Natural Gas Corporation (ONGC) to offer its expertise and technology for developing resources in offshore blocks.
The Maharashtra government's industrial infrastructure arm MIDC signed a Memorandum of Understanding with four companies for developing special economic Zones, which will attract minimum investment of Rs 17,000 crore (Rs 170 billion) and create employment of more than 50,000.
Mining magnate Anil Agarwal has said Gujarat was picked over Maharashtra for the Vedanta-Foxconn's Rs 1.52 lakh crore semiconductor project based on 'professional and independent' advice, as the political row in Maharashtra over the facility escalated on Thursday.
The Southern Illinois University School of Medicine in Springfield and the Prathima Institute of Medical Sciences, in Karimnagar, Andhra Pradesh, which was established at the initiative of a group of non-resident Indians, have signed a memorandum of understanding for fostering academic collaboration and improving rural healthcare. The agreement allows for student and faculty exchange between the two institutions.
Proposals involving Himachal Pradesh and Uttar Pradesh were being pursued since 2019.
The combativeness reflects her insistence not to meekly acquiesce to what has been going on in Raisina Hill for years or decades, observes Kartikeya Tanna.
The seven IITs are Kharagpur, Bombay, Madras, Kanpur, Delhi, Guwahati and Roorkee and the consortium is headed by IIT Bombay director Devang Khakhar.
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