Mahindra arm forms JV with Actis; to invest Rs 2,200 crore in industrial units
NEW DELHI: Actis, a leading global investor in sustainable infrastructure, today announced that it has entered into an agreement with Mahindra Lifespaces, the real estate and infrastructure development arm of the Mahindra Group, to establish an integrated business to develop industrial and logistics real estate facilities across India. Actis is investing for a majority stake […]
Ashok Gehlot woos investors; says Rajasthan has friendly government policies
JAIPUR: Rajasthan Chief Minister Ashok Gehlot on Friday pitched the state as a favourable investment destination that has friendly government policies, excellent road infrastructure, skilled labour, as well as better law and order. In his address at the inaugural session of the two-day ‘Invest Rajasthan’ Summit here, Gehlot highlighted that there has been an improvement […]
India to increase domestic dairy market of Rs 13 lakh crore to Rs 30 lakh crore by 2027
NEW DELHI: The Union Minister for Home and Cooperation, Amit Shah today inaugurated the Eastern and North-Eastern Cooperative Dairy Conclave 2022 in Gangtok, the capital of Sikkim. In another event, Shah unveiled the statue of Sardar Vallabhbhai Patel at Raj Bhavan in Gangtok. The Governor of Sikkim, Ganga Prasad and Chief Minister of Sikkim, Prem […]
India conveys its objections to US over American Envoy’s visit to Pak-Occupied Kashmir
NEW DELHI: India has conveyed its objections to the US over the recent visit to Pakistan-Occupied Jammu and Kashmir by US Ambassador to Islamabad Donald Blome, the Ministry of External Affairs (MEA) said on Friday. India also objected to the ambassador holding some meetings there. “Our objection to the visit and meetings in Pakistan-Occupied Jammu […]
India has potential to lead fourth industrial revolution:Narendra Modi
NEW DELHI: Prime Minister Narendra Modi on Friday said India has the potential to lead the fourth industrial revolution and the government has worked on reforms to make the country a manufacturing hub of the world. He said that the fourth industrial revolution is as much about new technology, as it is about innovative thinking. […]
Audi India retail sales up 29% to 2,947 units during January-September period
NEW DELHI: German luxury carmaker Audi on Friday reported a 29 per cent growth in retail sales at 2,947 units in the January-September period of this year in India. Audi India had retailed 2,291 units in the same period last year. The growth was driven by the new A8 and Q7, coupled with continued demand […]
Gautam Adani announces investment worth Rs 65,000 crore in Rajasthan
JAIPUR: Richest Asian Gautam Adani on Friday announced a Rs 65,000 crore investment in Rajasthan over the next 5 to 7 years in setting up a mega 10,000 MW solar power capacity, expanding cement plant and upgrading Jaipur airport. The investment by ports-to-energy conglomerate that Adani heads also spans city gas infrastructure for retailing CNG […]
AP’s revenue collection around Rs 26,000 crore in first half of 2022-23: CMO
AMARAVATI: Andhra Pradesh government’s revenue has touched Rs 25,928 crore in the first half of financial year 2022-23, the Chief Minister’s Office said. This was 94.47 per cent of the targeted Rs 27,445 crore for the first half of the year, the CMO said in a release on Thursday, citing officials who took part in […]
Global economy moving from ‘relative predictability’ to uncertainty: IMF MD
WASHINGTON: The global economy is moving from a world of relative predictability to one of greater uncertainty, IMF chief Kristalina Georgieva has said, warning that countries accounting for about one-third of the world economy will experience at least two consecutive quarters of contraction this or next year. In a major policy speech here ahead of […]