Government is open to letting Chinese companies enter the country's high-tech electronics sector should they set up manufacturing plants in partnerships with local companies. A joint venture proposal could be cleared if the Indian partner holds a majority stake and controls the board, according to the report, although it said no conditions have been finalized
https://bit.ly/3h4XXMt
https://bit.ly/3h4XXMt
Hindustan Times
India may let Chinese firms enter via joint venture with local firms: Report
A joint venture (JV) proposal could be cleared if the Indian partner holds a majority stake and controls the board, according to the report, although it said no conditions have been finalized.
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Aequs has attracted investments of about $500 million in its Belagavi, Hubballi and Koppal clusters and the company is aiming for another $1 billion in the next eight years
#MakeinIndia
https://t.co/Wm5Hw8hfoc
#MakeinIndia
https://t.co/Wm5Hw8hfoc
The Economic Times
Aequs in talks with investors to build manufacturing clusters in North Karnataka
Aequs has attracted investments of about $500 million in its Belagavi, Hubballi and Koppal clusters and the company is aiming for another $1 billion in the next eight years, said Melligeri, who hails from Hubballi.
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With a current capacity of 12 million tonnes per annum (mtpa), the manufacturing unit in Vijayanagar is India's largest single-location integrated steel-making facility.
#MakeinIndia
https://t.co/HHgBpuWEmi
#MakeinIndia
https://t.co/HHgBpuWEmi
Moneycontrol
Global Investors Meet: JSW Group plans to invest additional Rs 1 lakh crore in Karnataka over five years
Karnataka has held its position as one of the most preferred investment destinations in India, truly representing the government’s "One State, Many Opportunities" mantra, Sajjan Jindal said.
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Union Minister Rajeev Chandrasekhar on Monday announced that an Electronics Manufacturing Cluster will be developed in Ranjangaon, Maharashtra, at a cost of Rs 500 crore.
#MakeinIndia
https://t.co/W4kNeAcv4u
#MakeinIndia
https://t.co/W4kNeAcv4u
The Economic Times
Govt announces Electronics Manufacturing Cluster in Ranjangaon, Maharashtra with Rs 500 cr outlay
"To make Maharashtra into an electronics hub, we have approved an Electronics Manufacturing Cluster project in Ranjangaon, Pune. The total investment of the government will be about Rs 500 crore," Minister of State for Electronics and Information Technology…
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Indian Development News 🇮🇳
RBI to start testing 'eRupee' digital currency in India starting 1 Nov that is today. The central bank has decided to launch the pilot of its wholesale CBDC on 1 November. It has also selected a certain number of banks to help manage CBDC transactions. #DigitalIndia…
RBI's first pilot of Digital Rupee - Wholesale segment kicked off on Tuesday, November 1 and the maiden test went off without a hitch. On the first day of the pilot, 48 G-Sec trades were carried out for a total of Rs 275 crore.
G-Secs are securities which carry a fixed or floating coupon (interest rate) which is paid on the face value, on half-yearly basis.
#DigitalIndia #Trade #Economy
https://t.co/7raIcJ8qqV
G-Secs are securities which carry a fixed or floating coupon (interest rate) which is paid on the face value, on half-yearly basis.
#DigitalIndia #Trade #Economy
https://t.co/7raIcJ8qqV
TimesNow
Digital Rupee pilot takes off; 48 G-Sec trades done using CBDC on Day 1; details here
IDFC First Bank confirmed that it executed the first transactions using CBDC for Rs 5 crore. “IDFC First Bank executed the first secondary market transaction in government securities using CBDC settlement today. We are one of the few banks participating in…
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The rail co-efficient also went up by 115 bps to 26.70 per cent during FY22, mainly supported by partial connectivity of the dedicated freight corridor (DFC) with Mundra and Pipavav ports on the western coast
#Railways #Trade
https://t.co/hPoAq9wCoK
#Railways #Trade
https://t.co/hPoAq9wCoK
The Economic Times
Shift from roads to rail picks up pace, thanks to dedicated freight corridor
As per the report, container cargo transported through railways (rail volumes) rose by a healthy 17.63 per cent year-on-year to 74.38 million metric tonnes during the previous fiscal as compared to 12.51 per cent growth in overall container cargo volumes.
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#DRDO today successfully conducted the maiden Flight Test of Ph-II Ballistic Missile Defence(BMD) interceptor AD-1 missile with large kill altitude bracket today frm APJ Abdul Kalam Island,Odisha.
Flight test was carried out wth the participation of all BMD weapn system elements.
India🇮🇳 is now fourth country in the world capable of exo-atmospheric interception of Ballistic missiles, after US🇺🇲, Russia🇷🇺 and Israel🇮🇱.
#Defence
Flight test was carried out wth the participation of all BMD weapn system elements.
India🇮🇳 is now fourth country in the world capable of exo-atmospheric interception of Ballistic missiles, after US🇺🇲, Russia🇷🇺 and Israel🇮🇱.
#Defence
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LTTS has plans to hire over 1,000 engineers in Mysuru over the next two years as it expands its delivery and design centre in the city to cater to the demand for engineering services.
#Jobs
https://t.co/55z4iUKJLm
#Jobs
https://t.co/55z4iUKJLm
BusinessLine
LTTS opens campus in Mysuru; to hire 1,000 engineers in 2 years
The LTTS’ Mysore campus caters to its global clientele in the engineering domains
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No lessons learnt post-Morbi bridge accident:
Tourists from Maharashtra were seen driving a car on a suspension bridge at Yellapura town Uttara
Kannada district of Karnataka.
🔗 bhaavna arora (@BhaavnaArora)
Tourists from Maharashtra were seen driving a car on a suspension bridge at Yellapura town Uttara
Kannada district of Karnataka.
🔗 bhaavna arora (@BhaavnaArora)
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India has agreed to offer technical support to Afghanistan's crisis-torn banking sector after officials from Taliban controlled Afghan central bank (DAB) approached New Delhi for assistance.
🇮🇳🤝🇦🇫
#ForeignAffairs
Read more
🇮🇳🤝🇦🇫
#ForeignAffairs
Read more
The Economic Times
India 'agrees to back' Afghanistan banking sector with technical support
Afghanistan's banking system is reeling under crisis following embezzlement and freeze of funds. DAB has been barred from the international banking system, financial community and other countries' domestic banks after the Taliban's takeover last year. This…
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🚨BREAKING - Benjamin Netanyahu to be Israel's new Prime Minister after an easy sweep of the General Elections. #InternationalNews
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UP CM Yogi Adityanath inaugurates North India's first hyperscale data centre Yotta D1 in Greater Noida
UP CM said that the state is on the verge of becoming the country’s data centre hub and has realised its target of attracting investments worth Rs 20,000 crore and received proposals of 600 mega watt of data centres
#IT #Infra https://t.co/yGgyYBvAuT
UP CM said that the state is on the verge of becoming the country’s data centre hub and has realised its target of attracting investments worth Rs 20,000 crore and received proposals of 600 mega watt of data centres
#IT #Infra https://t.co/yGgyYBvAuT
Moneycontrol
UP CM Yogi Adityanath inaugurates North India's first hyperscale data centre Yotta D1 in Greater Noida
The launch also saw Yotta entering into an MoU with the Government of Uttar Pradesh to invest Rs 39,000 crore in a phased manner over 5 to 7 years.
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President Xi expresses "great concern about the safety of Chinese nationals in Pakistan" to Pak PM Shehbaz Sharif; Hoped Islamabad will "provide a reliable and safe environment for Chinese institutions and personnel working on cooperation projects there".
Pak, China joint statement issued after Pak PM Shehbaz Sharif's Beijing visit rakes up J&K. China calls for resolution based on 'UNSC resolution, bilateral agreements'.
#Geopolitics
Pak, China joint statement issued after Pak PM Shehbaz Sharif's Beijing visit rakes up J&K. China calls for resolution based on 'UNSC resolution, bilateral agreements'.
#Geopolitics
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India aims to end urea imports from 2025; pegs FY23 fertilisers subsidy at $27.2 billion
#Economy #India
https://m.economictimes.com/industry/indl-goods/svs/chem-/-fertilisers/india-aims-to-end-urea-imports-from-2025-pegs-fy23-fertilisers-subsidy-at-27-2-billion/articleshow/95260952.cms
#Economy #India
https://m.economictimes.com/industry/indl-goods/svs/chem-/-fertilisers/india-aims-to-end-urea-imports-from-2025-pegs-fy23-fertilisers-subsidy-at-27-2-billion/articleshow/95260952.cms
The Economic Times
India aims to end urea imports from 2025; pegs FY23 fertilisers subsidy at $27.2 billion
India, the top importer of urea, imports about 30% of its average 35 million tonnes of annual consumption of the crop nutrient. "We are aiming for ending our dependence on imported urea by 2025... our five new plants will be commissioned by then," Mansukh…
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