UAE’s Lulu Group announces 3 new projects in Uttar Pradesh

Abu Dhabi headquartered Lulu Group which has already completed Rs 2,000 crore Lulu Mall In Lucknow has announced another 3 new projects--one Lulu Mall each in Varanasi and Prayagraj and Lulu Food Proecessing Hub in Greater Noida.

While Lulu Mall Lucknow will be inaugurated in the coming days, the other 3 new projects are expected to be completed in two years time, announced Yusuff Ali MA, Chairman of Lulu Group while briefing PM Narendra Modi at the Lulu Pavilion, according to a press statement.

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Vedanta employs largest lithium-ion battery powered fleet of 27 forklifts

India's largest producer of aluminium Vedanta Aluminium has commissioned India's largest electric fleet of 27 forklifts, powered by lithium-ion batteries.

Done in partnership with Gemini Equipment and Rentals India, this feat sets the ball rolling on Vedanta Aluminium's plans to decarbonise its industrial vehicle fleet.

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Adani to set up South Asia’s largest integrated ammunition manufacturing complex in Uttar Pradesh

UP Government has signed a MoU with the Adani Defence & Aerospace for investments worth Rs 1500 crore for setting up a state-of-the-art ammunition development and manufacturing complex in Kanpur node of the UP Defence Industrial Corridor. The complex spread over more than 250 acres will have state-of-the-art technology across small and medium caliber ammunition, along with short-range air defence missiles.
#Defence
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Govt approves 8.1% interest rate on EPF deposits for FY22, lowest in over 40 years

#Economy
https://t.co/xHgn32WE9R

If we have any self respect, we must boycott the G7 Summit unless they correct the map and issue a written apology for the same. #ForeignAffairs

https://twitter.com/G7/status/1532712527485870081

Breaking: Home Ministry's high level meeting on Kashmir ends, 5500 minorities will be transferred to safer places. #MHA

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Breaking: Iran🇮🇷 Foreign minister Hossein Amir-Abdollahian to visit India next week. #ForeignAffairs

For second consecutive year, Nepal exports surplus electricity to India

Buoyed by surplus rainfall this year, Nepal is exporting surplus electricity to India through its power exchange market for the second consecutive year, state-owned power utility body, the Nepal Electricity Authority (NEA) has said.

In November 2021, the Energy Exchange under India’s Power Ministry had granted permission to Nepal after persistent lobbying from Kathmandu, as the NEA is now in a position to sell its surplus energy.
#ForeignAffairs

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India has reacted after Turkey rejected 56,000 tonnes of Indian wheat over quality concerns two days ago. Union Commerce minister Piyush Goyal said the wheat consortium was meant for the Netherlands by the ITC and not for Turkey.
#ForeignAffairs

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PepsiCo to invest Rs 186 cr on expansion of Mathura food manufacturing facility

Food and beverages major PepsiCo India on Friday said it will invest an additional Rs 186 crore for the expansion of its food manufacturing facility at Kosi Kalan, Mathura in Uttar Pradesh to produce nacho chip brand Doritos. Following this, PepsiCo's overall investment in its largest greenfield foods manufacturing plant that produces Lay's potato chips would be Rs 1,022 crore.

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India expressed concerns over Turkish actions destabilizing the situation in the northern part of the Syria at an informal meet at United Nations Security Council .

This comes few days after Turkey's PM Erdogan's statement favouring Pakistan on Kashmir issue during which he also said "Support our Kashmiri brothers".

#ForeignAffairs

India’s foreign exchange reserves topped the $600 billion mark again, just a month after the reserves slipped below the central bank’s comfort level.

Forex reserves were $601.4 billion for the week ended May 27 versus $597.5 billion in the preceding week

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IAF once again reported to be considering original MRFA of 114 jets again 🙄

#MustWatch
Meghmani Finchem commissions India's first Epichlorohydrin plant.
#Research #aatmanirbharbharat

https://youtu.be/cGw9tQNwtx8

New garment buyers from the Czech Republic, Egypt, Greece, Jordan, Mexico, Spain, Turkey, Panama and South Africa among others have started negotiating with Indian companies to replace purchases from China.
#MakeInIndia
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