Spectrum Retail Mart, a retail chain of medical stores and fast moving consumer goods, has set up shop in Mumbai with an initial investment of over Rs 90 crore (Rs 900 million).
'Notwithstanding the realisation among the Indian leadership to build up its navy for the force's expanding role, the Indian Navy was allocated only 15% of the interim defence budget presented in Parliament in February 2019.' 'The outlay for the navy's capital acquisition is not even adequate to meet its committed liabilities,' points out Brigadier S K Chatterji (retd).
Gujarat is on the road to market 'Brand Gujarat'. The state has aimed at an accelerated industrial growth of about 15 per cent for the next five years. According to the new policy, the state will create room for three new economic corridors to house four special investment regions (SIR), 10 logistic parks for Delhi Mumbai Industrial Corridor (DMIC) and a slew of industrial parks. For trained manpower, the state government will create a synergy between industry and education.
The manifesto proposes to launch a Sagar Mala project to set up new ports and upgrading the existing ones and "stringing them together".
'The telecom companies are our lifeline now, despite having nearly collapsed under debt because of ill-advised policies.' 'Perhaps our obvious dependence on telecom services will spark well-conceived policies for this sector,' says Shyam Ponappa.
Pakistan has not taken any significant steps to dismantle terrorist infrastructure on its soil and continues to provide logistic and financial support to terrorists in Jammu and Kashmir, government said Thursday.
Prabhu's maiden Railway budget is high on vision.
The Indian Army has shown it can face down the PLA, but is too often held back by a political leadership that lacks boldness, asserts Ajai Shukla.
Billionaire Jeff Bezos, who founded Amazon as an online bookseller nearly three decades ago, will step down as the CEO of the $1.7 trillion global retail giant in the third quarter of 2021 with Andy Jassy being named his successor.
At 11:37 am, the S&P BSE Sensex was up 28 points at 27,037 and the Nifty50 was up 2 points at 8,268
There was no relief for existing home buyers who are stuck in stalled projects and are paying both rent and EMI on their home loans.
'The border stand-off and the uncertainties that come with it should be a wake-up call on what makes for real rather than illusory power,' observes T N Ninan.
Joint secretary in the ministry Lav Agarwal said 149 new COVID-19 cases, including two deaths, have been reported since Friday. Combined efforts are on to ensure 100 per cent lockdown and that social distancing gets implemented, he said at a press briefing on the current COVID-19 situation in India.
'The Chinese can't be trusted hence the need to verify and re-verify.'
Indian auto and pharma industries import several critical components and raw materials from China.
The decline was led by index heavyweight Reliance Industries along with ITC and HDFC.
Aiming to push India into the list of the top 10 agri export nations, the policy has been backed by the Prime Minister's Office
'We are facing the most critical military situation with China in the last 50 years.'
'Are all roads in India privatised? Are governments not playing a role in airports or ports? If they (private players) want to set up lines for a specific requirement, I see no reason to object. It will expand the opportunity and passengers will also benefit.'
Seeking to guard investor returns from excessive exchange rate movements, RBI Governor Raghuram Rajan on Thursday said a move towards an inflation target of 4 per cent will help contain the currency market volatility.
PSU divestment, LIC IPO, fiscal deficit: Budget 2021 marks a clear change in the Modi government's stance from fiscal conservatism to growth orientation.
The Budget would have been the perfect vehicle to introduce some bold initiatives.
That opportunity has been lost through this Budget, observes Shreekant Sambrani.
The policy aims to create around 5,000 startups, including 10 global high-growth startups, and to create a minimum of 100,000 high skilled job creation, direct and indirect, in the startup ecosystem by 2023.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
FMCG, automobile industries say if GST regime kicks in, rail hubs can take Make in India to a new high.
England's failed bid to host the 2018 World Cup "was by far the strongest contender", FIFA official said.
A task force, under the chairmanship of the secretary (tourism), with the secretary (shipping) as co-chairperson, has been constituted to promote cruise tourism in the country, reports Megha Manchanda.
The 24-hour delivery offer applies only to select postal codes and is not available across the country.
Union Health Minister Harsh Vardhan on Thursday sought keen oversight and personal indulgence of health ministers, principal secretaries and additional chief secretaries of states and union territories to lead the second nationwide mock drill on the COVID-19 vaccination scheduled to be held on January 8.
Modi along with Assam Governor Jagdish Mukhi and Chief Minister Sarbananda Sonowal also walked a few metres on the bridge.
Before migrating into the theatre command concept, it would be worthwhile to study the shortfalls experienced by the Tri Services Command in the Andaman and Nicobar islands and make good the deficiencies, suggests Commodore Venugopal Menon (retd).
The Union health ministry on Tuesday said that aid received from other countries has been distributed in different states to help deal with the rising number of COVID-19 cases.
Indian Railways has tied up funds for the next two years for its ambitious modernisation programme.
FDI is a major driver of economic growth and a source of non-debt finance for the economic development of the country. The government has put in place an investor-friendly policy on FDI, under which investment up to 100 per cent is permitted on the automatic route in most sectors/ activities. At $ 64.37 billion, FDI in 2018-19 is the highest ever investment received for any financial year.
Relaxation offered to infrastructure projects like transportation or terminal, township, logistics hub.
Abu Dhabi-based sovereign wealth fund Mubadala Investment Co will invest Rs 6,247.5 crore to buy a 1.4 per cent stake in Reliance Industries Ltd's retail arm -- the billionaire Mukesh Ambani-led firm's third such deal in less than two days.
This is the second investment by General Atlantic in a subsidiary of Reliance Industries, following a Rs 6,598.38 crore investment in Jio Platforms announced earlier this year.
Stepped up public expenditure must be accompanied by focused policies, advises Vinayak Chatterjee.
