BPCL is a high revenue-earning public-sector undertaking (PSU) and plans to privatise it are completely off the table, Petroleum and Natural Gas Minister Hardeep Singh Puri said on Tuesday after assuming charge of the ministry for the second time. "Why would we divest ourselves of highly successful Maharatnas like BPCL," Puri said, arguing the Centre was not in favour of divesting its stake in oil PSUs.
The other members of the interim government will be finalised after consultations with various political parties, the press secretary added.
Moreover, the process to release those arrested between July 1 to August has started, and many have already been released, it added.
Apple Inc is expected to produce iPhones worth $12 billion (freight on board value) in India during 2023-24, according to discussions between the company's vendors and the government. This would account for around 12 per cent of Apple's global iPhone production-higher than the earlier plan of shifting around 9 per cent of the total to India by FY24, which is the third year of the PLI (production-linked incentive) scheme.
India Inc on Thursday pitched for lowering income tax burden on common man, increase in capital expenditure, and firm steps to contain food inflation in their nearly two-hour long interaction with finance minister Nirmala Shitharaman ahead of the Union Budget. During pre-Budget consultation with Sitharaman, the industry leaders and associations also urged the government to focus more on infrastructure development with a view to maintaining the economic growth momentum. The industry leaders also laid stress on boosting the MSME (micro, small, and medium enterprises) sector, considered a backbone of the Indian economy and main employment generator.
'In the new coalition government, India's reform agenda may prioritise job creation and factor market reforms.'
The response was tepid in other parts of the country even as several INDIA bloc parties as well as other non-BJP outfits extended their support to the bandh.
In order to ensure women safety, Delhi government has ordered all taxi operators to install GPS in their vehicles, failing which fitness certificate will not be issued to them.
'It was tough financially for the first few years but my friends and family supported me and once he did well at the 2018 Commonwealth Games, there was no looking back.'
Afghanistan scripted history by qualifying for their maiden T20 World Cup semi-final with a win over Bangladesh on Tuesday.
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The Dreamliner's introduction on the daily Singapore route is on popular demand, said Nirbhik Narang, Air India's country manager in Singapore.
Night temperatures have plummeted in Kashmir with the weekend recording the coldest nights of the season.
Zetwerk is not exactly a household name, but this unicorn, boasting revenues of Rs 11,450 crore as of last year, is among the top four electronics manufacturers in India. The startup is capitalising on a notable trend in smart TV sales - fall in collective shipments from top brands like Xiaomi, Samsung, LG and an uptick in the market share of smaller, regional, and online brands. Emerging as a key Electronics Manufacturing Services (EMS) player, Zetwerk operates a plant in Haryana that caters to 10 per cent of the country's overall smart TV production capacity.
Mohammed Siraj took to Instagram and posted a story with a series of broken heart emojis. But what does his post mean?
'I was in the US, where I met top executives of HP and Dell, and they are very keen to come to India.' 'Acer and ASUS have also evinced interest.'
Corporate India is starting to step up its capital expenditure plans amid government incentives and signs of rising demand, company executives and analysts have indicated. This coincides with the Reserve Bank of India (RBI) recently citing a double-digit growth in private capital expenditure. Healthy balance sheets of banks and corporates, along with increasing capacity utilisation and improving business sentiment, are contributing to a favourable environment for sustained growth in private sector investments, the RBI said in its policy last week.
The Department for Promotion of Industry and Internal Trade (DPIIT) has proposed to raise the minimum local content under public procurement order in government contracts. But several local suppliers and multinational companies (MNCs) are saying such a steep target is not attainable. Class-I suppliers, whose goods, services or works offered for procurement has local content equal to or more than 50 per cent may see it hiked to 70 per cent, while it may go up to 50 per cent from 20 per cent for Class-II suppliers.
Enterprising creator, Ishwar Deen who poured in over two-and-a-half lakh rupees into his labour of love was ordered to dismantle the rotor that he had welded on to the roof of an old car to make it resemble a chopper.
Maharashtra transport commissioner Vivek Bhimanwar told PTI that the Porsche car was imported in March by a dealer in Bengaluru and from there it was sent to Maharashtra on a temporary registration.
'Modi knows the people here are opposed to this project, but he is using the might of government to push this port down our throats.'
US-based electric vehicle maker Tesla is looking to source components worth around $1.9 billion this year against $1 billion last year, Commerce and Industry Minister Piyush Goyal said on Wednesday. The minister said that going forward, demand for electric vehicles will increase and it will help in pushing the growth of the sector. "Tesla already last year bought one billion dollars of components from I think all of you sitting here.... I have the list of companies who supply to Tesla.
Siemens delivered a strong margin performance and also reported high other income to beat consensus in the January-March quarter (Q2) of FY24 (the company's year-end is September 30). In addition, it has opted to demerge the energy vertical with a 1:1 award of shares in the newly demerged entity which will be listed by the end of this year (CY25).
Batters likely to set the World Cup alight with their big striking...
ABB India's March quarter results (Q1CY24) were led by strong margin performance. Revenue was, however, largely in line with estimates at Rs 3,080 crore (up 28 per cent Y-o-Y and up 12 per cent Q-o-Q). The growth was across electrification (30 per cent Y-o-Y), process automation (73 per cent Y-o-Y) and robotics & motion (8 per cent Y-o-Y).
'There was a strong undercurrent of deprivation, and also frustration against misuse of power and authority.' 'This election was an opportunity for the manifestation of this discontentment.'
The youth -- their dreams of government jobs unfulfilled -- are voicing their frustration.
Stimac has prioritised qualification to the third round and secure a direct entry into the 2027 AFC Asian Cup.
'There is a need for a national task force with a singular objective to increase automotive exports.'
As many as 32 companies, including global biggies like HP, Dell and Lenovo, have applied under the Production Linked Incentive scheme for IT hardware, Union Minister Ashwini Vaishnaw said on Wednesday. The expected incremental production under the scheme is pegged at Rs 3.35 lakh crore, said Vaishnaw, Minister for Electronics and IT.
Rasna, which became a household name in the 80s and 90s and is still ruling the pre-mix market, is now looking at overseas franchise arrangements for manufacturing abroad. As part of the arrangement, the franchisee would invest in the plant and machinery and it would also take care of day-to-day operations. Rasna would supply the pre-mix, technical know-how and some financial support.
Lovlina Borgohain is aware that fierce competition awaits her at the Paris Olympics but the ace Indian boxer is quietly confident of snaring a second successive Games medal, having found considerable success in her new category, which is also closer to her natural body weight.
Making the Pixel 8 in India will not necessarily bring the price down -- witness iPhones made in India that are more expensive than those in the US and Dubai.
Former Pakistan captain Misbah-ul-Haq believes his country will find it difficult to edge past India when the two sides clash in next month's T20 World Cup as there seems to be a "mental block" when it comes to playing the arch-rivals in ICC events.
Attempts to resume Manipur State Transport (MST) services on Saturday suffered a setback after buses heading from capital Imphal to the hill districts could not go beyond Imphal valley.
If Tesla comes in, India's position as a manufacturing hub will rise many notches, as it will become only the second country, after China, to have both Apple as well as Tesla.
The BSA Gold Star is launched....Ola Enters e-motorbikes Biz... Bajaj, TVS To Enter e2Ws Market...
Indian Navy on Wednesday said its ships and aircraft remain 'mission deployed' for maintaining enhanced surveillance and undertaking maritime security operations.
'Companies like Tesla and others have been given a long rope in India.'
Based on discussions with stakeholders, the ministry is proposing to allocate Rs 26,400 crore for FAME-III subsidy alone with electric two wheelers getting around Rs 8,158 crore, electric buses Rs 9,600 crore and electric three-wheelers Rs 4,100 crore, according to sources in the know. Along with some other components like setting up an innovation fund and money for testing , the total allocation could cross Rs 33,000 crore, estimates suggest.
The trend of players plying their trade in overseas leagues right after their retirement from international cricket or IPL has irked the board.
