The company will invest additional $60 million in India.
The hubs will feed Europe, US and the Gulf.
'The classic thing we need as a country is the virtuous cycle where you have robust demand which leads to more capital spending which in turn leads to more job creation and more money in the hands of people.'
The RTGS for high-value transactions will remain unavailable for 14 hours from midnight of Saturday due technical upgrade to further improve the disaster recovery time of the system, the RBI said in a statement. The popular National Electronic Funds Transfer or NEFT for fund transfers of up to Rs 2 lakh will continue to be operational as usual during this period.
Genesis Colours, popular for its high-end fashion label Satya Paul, is in advanced negotiations with Moet Hennessy-Louis Vuitton for bringing luxury apparel and perfume brand Kenzo to India.
Citing India's commitment to deep economic reforms and ease of doing business, Prime Minister Narendra Modi asserted on Monday that this is the best time to invest in the country as policy-making is focussed on the needs for the next 25 years for a 'clean and green' as well as 'sustainable and reliable' growth period. In his special address to the World Economic Forum's online Davos Agenda 2022 summit, Modi underlined a host of reform measures undertaken by his government to stress that it has worked to reduce the administration's interference in business by deregulating many sectors and to clear the way for free trade agreements with different countries. India was once associated with "license raaj", he noted and highlighted the measures, including reduction of corporate tax to boost business and doing away with over 25,000 compliance requirements.
The halt in the RBI's monetary tightening drive comes after 13 hikes since March, 2010.
'Despite pandemic Govt is doing everything possible to support our athletes to make India proud'
Backed by the 'China Plus One' sentiment globally, India's textile exports is expected to grow by 81 per cent to $65 billion by 2026 from the pre-Covid level of around $36 billion in 2019, said a report by the Confederation of Indian Industry (CII) and global consulting firm Kearney. This jump is likely to generate 7.5-10 million new jobs. A large chunk of this targeted increase, or around $16 billion may come from the China Plus One sentiment due to India's relatively large strategic depth compared with Vietnam or Bangladesh, the report said.
The Mumbai-based Arch Pharma has raised $27 million from private equity funding in the last four years
'I feel the more I'm trolled by Pakistanis, the more I am on the right path.' 'I must be doing something right for them to be so angry.'
Officina Farmaceutica Italiana mainly deals in large-scale contract manufacturing for cosmetics and drug majors
Eighteen months after the economy was battered by the Covid-induced lockdown, employment has not recovered to its pre-pandemic levels, points out Mahesh Vyas.
'Good investment opportunities should not be missed.'
In this abstract, the authors outline their plans to rejuvenate and revitalise hockey in India using the latest the latest systems engineering principles to revolutionise the game from an art form to a highly effective scientific approach.
A quintessential military commander, Gen Bipin Rawat possessed an uncanny understanding of geopolitical upheavals, calibrated a tri-services military doctrine to make India face myriad security challenges, and is largely credited with bringing down militancy in the Northeast and Jammu and Kashmir.
Japan will extend 'special economic partner' status to India during Prime Minister Manmohan Singh's visit to that country next month.
Fit-again Australian pacer James Pattinson believes India still boast of a "class batting line-up" despite the retirements of Rahul Dravid and VVS Laxman and the visitors will have to work really hard to beat the hosts in their own backyard during the four-Test series.
The presence of the private sector at a prestigious military training institution is an important acknowledgement of its growing capabilities in designing and manufacturing cutting edge aerospace and defence equipment, reports Ajai Shukla.
Vice President Venkaiah Naidu also congratulated the para athletes for bringing glory to the country.
'The Hindu couple praying at an Islamic shrine illustrates what makes India work,' says writer Mayank Austen Soofi.
He said more than one crore children have sent him 'their Mann Ki Baat' via postcards which have come from many parts of the country and even from abroad.
Spin legend Shane Warne has thanked star batter Virat Kohli for "passionately supporting" Test cricket, a day after he stepped down as skipper of the Indian Test team.
'We come from different parts of India, follow different religions. But when we come here we work together for India. It's so shameful when we see people indulging in such behaviour.'
While presenting the Interim Budget 2014-15, the Union Finance Minister P Chidambaram said that in the next three decades India will become the third largest economy behind US and China.
My dream is to convert Indian economy into $20 trillion from the present $8 trillion.
This is the second such initiative for urban reforms after the successful implementation of the Jawaharlal Nehru National Urban Renewal Mission launched in FY06.
The prime minister was happy that the assurance given by the Serum Institute that it will make India self-sufficient in vaccines at the lowest possible price in the world was fulfilled.
After witnessing cloudy skies this year, the country's renewable energy sector is expected to boom with a likely investment of over $15 billion in 2022 as the government focuses on electric vehicles, green hydrogen, manufacturing of solar equipment as well as achieving the ambitious 175 GW renewable capacity target. India, which has an installed renewable energy generation capacity of a little over 150 GW, aims to reach 175 GW in 2022. Out of the total mix, 100 GW would be from solar, 60 GW from wind, 10 GW from bio-power and 5 GW from small hydro power projects.
'It is not about how one looks, but how they feel. It is about how beautiful we are on the inside.'
India's traditional companies are now moving full scale into the renewable and alternative energy space that had been dominated by smaller players over the past decade. Companies such as government-owned NTPC and the Adani and the Tata groups restructured their businesses well in time to become major players in the green space. At the same time, other conventional companies, such as Larsen & Toubro and Reliance Industries Ltd (RIL), which have a presence both in the energy sector as well as myriad other activities - construction, technology and retailing - are tying up with new-age companies to hitch a ride to a greener path.
Richest Indian Mukesh Ambani on Tuesday mentioned about leadership transition at his energy-to-retail conglomerate, saying he wants the process to be accelerated with seniors, including him, yielding to the younger generation. Ambani, 64, who has previously not spoken about succession plans at the country's most valuable company, said Reliance is "now in the process of effecting a momentous leadership transition." Ambani has three children -- twins Akash and Isha, and Anant.
'The force of reforms. The force of investment. The force of formalisation. The force of digital and green technology. And the force of youth and entrepreneurship. I am convinced that these 5 forces will propel India's rise over the next several decades,' predicts Kumar Mangalam Birla, chairman, Aditya Birla group.
Ola co-founder Bhavish Aggarwal on Thursday said Ola Electric sold scooters worth over Rs 600 crore on the first day of the sale of its model S1. The executive noted that the company will shut the purchasing process from Thursday midnight. Ola Electric had on Wednesday commenced the sale process of its electric scooter, which comes in two trims - Ola S1 and S1 Pro.
India has 5.13 million estimated cases of HIV.
The government has notified new rules under which the upper limit for termination of a pregnancy has been increased from 20 to 24 weeks for certain categories of women.
Former captain Rahul Dravid on Thursday said India are one of the strong contenders for the 2015 World Cup to be played in Australia and New Zealand as the team has the "advantage of playing five bowlers" in a match.
In his address to the nation on the eve of 73rd Republic Day, President Kovind noted that democracy, justice, liberty, equality and fraternity form the bedrock of India and stressed that the observance of Fundamental Duties mentioned in the Constitution creates the proper environment for the enjoyment of Fundamental Rights.
India's stock exchanges have decided to jointly introduce the T+1 settlement cycle in phases from February 25, beginning with the bottom 100 stocks by market capitalisation. From March 2022, on the last Friday (or the immediate next trading day) of every month, the next 500 stocks from the bottom will be subject to T+1 settlement. The phase-wise implementation is expected to give all market participants, including foreign portfolio investors (FPIs), ample time to shift to the shorter cycle. The settlement cycle represents the time period within which the stock exchanges have to settle security transactions.
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