According to a report, Tata-owned Air India intends to borrow Rs 18,000 crore from State Bank of India (SBI) and Bank of Baroda (BoB) to short-term refinance its existing debt. According to the ET report, this debt will be a continuation of the facility that was utilized last year following the Tatas’ acquisition of the […]
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Apple reported that Hon Hai Chairman Liu Yangwei showed India’s Prime Minister Narendra Modi the layout of their new plant in India during a recent meeting. Hon Hai plans to contribute about US$700 million to fabricate another processing plant in India, close to the air terminal in Bangalore, the capital of Karnataka, which might gather […]
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Several Indian startups have asked a court to suspend Google’s new app-billing system. A legal filing states that the antitrust body will look into Google’s new in-app billing fee system for allegedly not following its instructions. In spite of an antitrust request in October, 2022, to allow the use of untouchable charging organizations for in-application […]
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In the past three weeks, sugar prices in India have increased by approximately 7%, and there are signs that this trend will continue. This cost flood is driven by a mix of elements, including lower inventories and more grounded request. The decrease in production is one of the primary causes of the rise in sugar […]
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Tata Sons will share the ground handling services it plans to provide to other airlines. Air India Air Transport Services (AIASL), the ground-handling division of the former state-run airline, may also be sold as part of these plans. According to a report from the Monetary Times, the public authority sold its specialty units to a […]
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India’s push for domestic production of consumer electronics has changed the country’s economic landscape. India’s mobile exports totaled more than Rs 85,000 crore during the fiscal year that ended March 31, 2023. This is a remarkable accomplishment. The India Cellular and Electronics Association (ICEA) provided IANS with industry data indicating that production-linked incentive (PLI) programs […]
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India recorded 4,435 new COVID-19 infections, the largest single-day increase in 163 days (five months and 13 days), according to Union health ministry data, while the number of active cases increased to 23,091. On September 25 of last year, 4,777 cases were accounted for altogether. India’s coronavirus count has increased to 4.47 crore COVID-19 cases […]
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The RLV’s autonomous test landing mission was successfully completed by the Indian Space Research Organization (ISRO). The mission was carried out successfully at the Aeronautical Test Range (ATR) in Chitradurga, Karnataka. According to ISRO, the Reusable Send-off Vehicle Independent Landing Mission (RLV LEX) at the Aeronautical Test Reach (ATR) in Chitradurga, Karnataka, was effectively led […]
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India and Australia held bilateral talks on Friday to work toward investing in crucial mineral projects, like lithium, to build supply chains between the two countries. Madeleine King, Minister for Resources and Northern Australia, and Pralhad Joshi, Union Minister for Coal, Mines, and Parliamentary Affairs, announced the partnership and identified five target projects for in-depth […]
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India has announced that all imported drugs and “Food for Special Medical Purposes” for personal use to treat all rare diseases listed in the National Policy for Rare Diseases 2021 will be exempt from basic customs duties. Pembrolizumab (Keytruda), which is used to treat a variety of cancers, has also been completely exempt from basic […]
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