India’s Kashmir region seeks $4 billion in investments, to provide security
By Aftab Ahmed NEW DELHI: India’s federal territory of Jammu and Kashmir plans to attract investments worth up to $4 billion in the next two to three years and would provide security to businesses setting up shop in the insurgency-hit region, its chief said on Saturday. Jammu and Kashmir (J&K) was India’s only Muslim-majority state […]
Flash Flood Guidance Services launched; first of its kind for South Asian countries
NEW DELHI: Earth System Science deals with the Earth system’s five components—Atmosphere, Hydrosphere, Cryosphere, Lithosphere, and Biosphere, and their complex interactions. The Ministry of Earth Sciences (MoES) holistically addresses all the aspects relating the Earth System Science for providing weather, climate, ocean, coastal state, hydrological and seismological services. The services include forecasts, warnings and detection […]
ADB, India sign $231 million loan to enhance power generation capacity in Assam
NEW DELHI: The Asian Development Bank (ADB) and the Government of India on 30th December 2020 signed a $ 231 million loan to augment electricity generation capacity in the state of Assam through construction of a 120 megawatts (MW) hydroelectric power plant that will enhance availability of electricity for households. This is the third tranche […]
India allows import/export of COVID-19 vaccine without any value limitation
NEW DELHI: The government of India has allowed import and export of COVID-19 vaccines without any value limitation, in order to ensure speedy clearance and distribution. The Central Board of Indirect Taxes and Customs (CBIC) has amended the regulations to facilitate the import/export of COVID-19 vaccines through courier, at locations where the Express Cargo Clearance […]
India’s YoY FDI inflow rises over 11% in April-October to $46.8 billion
NEW DELHI: Foreign direct investments (FDI) into India have increased by over 11 per cent during the ongoing fiscal on a year-on-year basis, showed data from the Department for Promotion of Industry & Internal Trade (DPIIT). Total FDI worth $46.82 billion came in during April-October this fiscal, compared to $42.06 billion of inflow during the […]
Prime Minister inaugurates India’s first-ever driverless train operations
NEW DELHI:Prime Minister Narendra Modi inaugurated India’s first-ever driverless train operations on Delhi Metro’s Magenta Line today through a video conference. The National Common Mobility Card was expanded to the Airport Express Line of Delhi Metro, which was started in Ahmedabad last year. Union Minister Hardeep Puri and Chief Minister of Delhi, Arvind Kejriwal were […]
India’s foreign exchange reserves swell by $2.56 billion
NEW DELHI: India’s foreign exchange reserves rose by $2.563 billion during the week ended December 18. According to the Reserve Bank of India’s weekly statistical supplement, the reserves increased to $581.131 billion from $578.568 billion reported for the week ended December 11. India’s forex reserves comprise of foreign currency assets (FCAs), gold reserves, special drawing […]
US body announces $54 million investment in India to support infrastructure projects
NEW DELHI: An American financial corporation on Tuesday announced that it will invest USD 54 million in India to support the development of critical infrastructure projects in the country in the wake of the COVID-19 pandemic. India is one of the fastest growing countries in the previous three decades, but it suffers from a significant […]
Wipro to acquire IT verticals of Metro AG in a $700-million deal
NEW DELHI: India-based information technology firm Wipro has announced a significant strategic digital and IT partnership deal with METRO AG, the leading global wholesale company that is redefining the food service distribution industry. As a part of this transaction, Wipro will take over the IT units of METRO AG — METRO-NOM GMBH in Germany and […]
India likely to approve AstraZeneca vaccine by next week: Sources
NEW DELHI: India is likely to approve Oxford/AstraZeneca’s coronavirus vaccine for emergency use by next week after its local manufacturer submitted additional data sought by authorities, two sources with knowledge of the matter told Reuters on Tuesday. This could be the first country to give the regulatory green light for the British drugmaker’s vaccine as […]
OPPO sets up its first 5G innovation lab in India
NEW DELHI: Reinstating its commitment towards technological innovations and building India’s technology presence in the 5G field, OPPO, a leading global smart device brand, today, announced the set up of 5G innovation lab at its Hyderabad R&D centre. The new lab will deepen the development of core product technologies for 5G ecosystem and accelerate its […]
World Bank signs $500 million project with India to develop green, resilient and safe highways
NEW DELHI: The government of India and the World Bank today signed a $500 million project to build safe and green national highway corridors in the states of Rajasthan, Himachal Pradesh, Uttar Pradesh and Andhra Pradesh. The project will also enhance the capacity of the Ministry of Road Transport and Highways (MoRTH) in mainstreaming safety […]
Donald Trump presents Legion of Merit to Narendra Modi
WASHINGTON: US President Donald Trump on Monday presented the prestigious Legion of Merit to Prime Minister Narendra Modi for his leadership in elevating strategic partnership of the two countries and emergence of India as a global power. India’s Ambassador to the US, Taranjit Singh Sandhu, accepted the award on behalf of the prime minister from […]
Russia to jointly produce Sputnik V vaccine for Covid-19 with India
NEW DELHI: Russian envoy to India Nikolay Kudashev on Monday said Moscow will jointly produce the Sputnik V vaccinefor COVID-19 along with New Delhi and it will be manufactured by Indian pharma major Dr Reddy’s Laboratories. “We are working very hard to fight COVID-19 together with India, and are now advancing to jointly produce Sputnik […]
India extends relaxed norms for onion imports till January 31
NEW DELHI:The government of India on Thursday extended relaxed norms for onion imports for one and a half months till January 31 next year, to boost domestic supply and check the retail prices of the key kitchen staple. To facilitate import of onion, the government had on October 21 relaxed the conditions for fumigation and […]
Aparna Enterprises brings Italy’s faucet brand Paffoni to India
NEW DELHI: Aparna Enterprises Limited, a leading player in manufacturing and trading of a range of building materials, today announced their partnership with Paffoni, a renowned faucet manufacturing brand from Italy. Established in 1953, Paffoni is a leading Italian brand primarily involved in manufacturing of extensive range of bathroom products. Through this association, Aparna Enterprises […]