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The Ministry of Heavy Industries (MHI) on Tuesday held a pre-bid conference for its 'Scheme to Promote Manufacturing of Sintered Rare Earth Permanent Magnet', drawing participation from at least 25 companies. The conference, held at India Habitat Centre, followed the release of a Request for Proposal (RFP) on March 20, 2026, inviting bids to set up integrated rare earth permanent magnet (REPM) manufacturing facilities with a total capacity of 6,000 MTPA under an outlay of ₹7,280 crore. MHI sa ...Read More >
New Delhi, Apr 7 (PTI) At least 25 companies, including JSW Group, Vedanta, Hindustan Zinc Ltd (HZL) and NLC India, participated in a pre-bid conference for the Rs 7,280-crore scheme to promote the manufacturing of sintered rare earth permanent magnet called by the heavy industries ministry on Tuesday, sources said. The government will select a maximum of five entities through the bidding, with each entity setting up facilities of up to 1,200 MTPA, aggregating to a total of up to a maximum capa ...Read More >
Andhra Pradesh State Investment Promotion Board (SIPB) has approved 31 new investment proposals involving a total investment of ₹39,436 crore with a potential to generate 1,11,278 direct jobs across various industries. The 16th SIPB, chaired by Chief Minister N Chandrababu Naidu, met in the State secretariat in Amaravati on Tuesday. The approved proposals also included investments for three companies in Amaravati Quantum Valley and other projects for utilising agriculture, horticulture, and aqu ...Read More >
NEW DELHI: Govt is working to step up the supply of induction cooktops and vessels, while nudging companies and institutional kitchens to move to electricity-based cooking to reduce pressure on gas.To meet the immediate requirement of cooktops, whose demand has increased in the wake of LPG concerns, imports are lined up, while domestic production is sought to be speeded up in the coming weeks.Commerce & industry minister Piyush Goyal, DPIIT secretary Amardeep Singh Bhatia, power secretary Pankaj ...Read More >
Telecom infrastructure company Indus Towers has announced the appointment of Venkatesh Tiwari as its new Chief Operating Officer effective today. New Delhi, Mar 31 (PTI) Telecom infrastructure company Indus Towers on Tuesday announced the appointment of Venkatesh Tiwari as its new Chief Operating Officer (COO), effective April 1, 2026. Tiwari will succeed Tejinder Singh Kalra, who is set to retire from the company upon attaining superannuation on August 31, 2026. To ensure a smooth and seamle ...Read More >
New Delhi, Mar 30 (PTI) Railway components maker Pioneer Fil-Med Ltd has filed draft papers with the markets regulator Sebi to raise Rs 500 crore through an Initial Public Offering (IPO). The proposed issue comprises a fresh issue of equity shares aggregating Rs 250 crore and an Offer For Sale (OFS) of shares worth Rs 250 crore by existing shareholders, according to the Draft Red Herring Prospectus (DRHP) filed on Sunday. The OFS includes stake sales by promoter Pioneer Facor IT Infradeveloper ...Read More >
March 31 (Reuters) - India's Zetwerk has filed confidential draft papers with the market regulator for its initial public offering, a newspaper advertisement on Tuesday showed. Earlier this month, Reuters reported that the contract electronics manufacturer was aiming to raise up to $550 million at a valuation of about $4 billion. The company is targeting a listing later this year, the sources said, adding that the IPO includes about $300 million in fresh equity, with the remainder coming from ...Read More >
New Delhi, Mar 31 (PTI) Consumer electronics retailer Sathya Agencies Ltd has filed preliminary papers with markets regulator Sebi to raise Rs 600 crore through an initial public offering (IPO). The proposed IPO comprises a fresh issue of equity shares aggregating to Rs 300 crore and an offer for sale (OFS) of equity shares worth Rs 300 crore by promoters, taking the total offer size to Rs 600 crore, according to the draft red herring prospectus (DRHP) filed on Monday. The OFS includes the sal ...Read More >
NEW DELHI, March 30 : India on Monday approved 29 proposals from various companies under its electronics component manufacturing program, with a total investment of 71.04 billion rupees ($751.21 million), the Electronics and Information Technology Ministry said. India has launched a series of incentive programs to attract global and domestic investors, expand local manufacturing capacity, reduce import dependence and strengthen supply chains as it looks to improve its electronics manufacturing. ...Read More >
NEW DELHI, March 30 (Reuters) - India on Monday approved 29 proposals from various companies under its electronics component manufacturing program, with a total investment of 71.04 billion rupees ($751.21 million), the Electronics and Information Technology Ministry said. India has launched a series of incentive programs to attract global and domestic investors, expand local manufacturing capacity, reduce import dependence and strengthen supply chains as it looks to improve its electronics man ...Read More >
New Delhi: India is preparing to launch a new semiconductor support fund worth more than Rs 1 trillion (about $10.8 billion) as the government intensifies efforts to build a strong domestic chip manufacturing ecosystem. The suggested fund will be used to fund the projects of chip design, equipment manufacturing and development of semiconductor supply chains in the country, reported by Bloomberg. Individuals conversant with the talks indicated that the initiative can be rolled out in the coming ...Read More >
COIMBATORE- Samsung, India's largest consumer electronics brand, today unveiled a renewed strategic vision -- #PoweringInnovationforIndia -- that places people-centric innovation, Indian talent, and India-led product development at the heart of its next phase of growth in the country. Marking 30 years of operations in India, Samsung's new vision reinforces its commitment as a long-standing partner in India's digital transformation, Make-in-India manufacturing ambitions, and innovation-driven ec ...Read More >
COLOMBO (News 1st); India has achieved a historic milestone in its semiconductor journey with the launch of DHRUV64, a fully indigenous microprocessor developed by the Centre for Development of Advanced Computing (C-DAC) under the Microprocessor Development Programme (MDP). This breakthrough strengthens India's pursuit of self-reliance in advanced chip design, reducing long-term dependence on imported processors. DHRUV64 is engineered with modern architectural features, offering higher efficie ...Read More >
New Delhi [India], December 15 (ANI): India today marks a major step in its semiconductor journey with the launch of DHRUV64, the country's first 1.0 GHz, 64-bit dual-core microprocessor, according to an official government release. The processor is fully designed in India by the Centre for Development of Advanced Computing (C-DAC) under the Microprocessor Development Programme. DHRUV64 sits at the centre of India's plan to reduce dependence on imported processors. The release states that the c ...Read More >
NEW DELHI -- When New Delhi's air quality plunged to "severe" levels this month, Gayatri Shrivastava switched on all three of her apartment's air purifiers -- two in the living room, one in the bedroom -- as a gray haze settled over the city. "Most of them are Philips," she told Nikkei Asia, adding ... ...Read More >
Mumbai (Maharashtra) [India], November 17 (ANI): Reliance Retail Limited (RRL) has entered into an exclusive distribution partnership with cosnova Beauty, the Germany-based global cosmetics company, to bring 'essence', Europe's No. 1 cosmetics brand by units sold, to the Indian market. According to a joint statement on Monday, the collaboration strengthens RRL's growing beauty portfolio and will introduce essence's vibrant range of high-quality, affordable, and cruelty-free makeup products to c ...Read More >
Mumbai/Pune : Bajaj Finance Ltd., India's largest private sector non-bank lender and part of Bajaj Finserv, today said it had seen a surge in consumption finance during the festive season, disbursing a record number of consumer loans, higher by 27% in volume and 29% in value as compared to the same period last year. The rise in consumption credit, represented by loans for consumer goods, reflects the positive outcome of the government's next generation GST reforms and changes in personal income ...Read More >
NEW DELHI: Govt has approved seven projects worth Rs 5,532 crore, out of 249 proposals received under the Electronics Components Manufacturing Scheme, electronics and IT minister Ashwini Vaishnaw said on Monday. The minister said the production of electronics components from the approved projects is likely to reduce the import bill of around Rs 20,000 crore. "Seven plants under electronics components have been approved. In coming days, more projects will be approved. We expect these projects to ...Read More >
India's electronics manufacturing ecosystem is set for a boost. The government has approved seven key projects under its Electronics Component Manufacturing Scheme. These initiatives will focus on producing essential items like printed circuit boards, camera modules, and copper laminates. This move aims to significantly reduce the country's reliance on imports for critical electronic components. The government has approved the first seven proposals under the Electronics Component Manufacturing ...Read More >
New Delhi, Oct 27 (PTI) The government has approved seven projects out of 249 proposals received under the Electronics Components Manufacturing Scheme, Union Electronics and IT Minister Ashwini Vaishnaw said on Monday. The minister said that initially, proposals for the manufacturing of printed circuit boards, or motherboard base, camera modules, copper laminates, and polypropylene films (used in capacitors for consumer electronics) have been approved. ...Read More >
New Delhi, Oct 22 (SocialNews.XYZ) India experienced a bumper festive season this year, with sales of consumer goods, automobiles, jewellery, handicrafts, and decorative items recording a sharp surge during Diwali, signalling renewed consumer confidence and economic momentum, economists said on Wednesday. Dr Manoranjan Sharma, Chief Economist at Infomerics Ratings, stated that the surge reflects a strong revival in domestic demand and a growing preference for Indian-made products. "There has be ...Read More >
India's Diwali sales hit a record high of Rs 5.40 lakh crore in goods and Rs 65,000 crore in services. This represents a 25 percent increase over last year. GST reforms and strong consumer demand fueled this growth. Brick-and-mortar stores saw a significant revival. Rural and semi-urban areas contributed substantially to the sales surge. Buoyed by GST reforms and strong consumer demand, India saw Diwali sales reach Rs 5.40 lakh crore in goods and about Rs 65,000 crore in services across the cou ...Read More >
New Delhi, Oct 18: The recent GST rate cuts have sparked a nationwide shopping surge, making Navratri sales one of the largest consumption waves in years in automobiles, consumer electronics and e-commerce, according to industry estimates. Analysts projected festive and wedding season turnover to exceed ₹7 lakh crore. Digital payments jumped tenfold overnight, from ₹1.18 lakh crore on September 21 to ₹11.31 lakh crore on September 22, as shoppers rushed to take advantage of GST savings, accordi ...Read More >
NEW DELHI: The high prices of gold and silver somewhat dampened buyer sentiments this Dhanteras as people purchased more on expectations of a further surge, even as cars, two-wheelers and consumer electronics such as televisions saw strong buying on the day considered auspicious for new purchases. Car deliveries, which peak during Dhanteras, however, were impacted by the fact that the festive day falls on a Saturday this time around. Many consumers prefer not to take delivery of metals on a Satu ...Read More >
New Delhi: Reliance Retail on Friday said GST rate changes will further accelerate consumption growth as consumers get the benefit of lower prices reporting 19% sales growth year-on-year in the second quarter of 2025-26. Reliance Industries' retail division, which operated 19,821 stores at the end of September, selling grocery, consumer electronics and apparel, posted net revenue of Rs 79,128 crore for the July-September period. Net profit increased 22% from a year earlier to Rs 3,457 crore, wh ...Read More >
VMPL New Delhi [India], October 17: With exclusive inaugural offers and the widest range of the latest tech, customers are in for an enhanced shopping experience here. Reliance Digital grand launch on 16th Oct 2025: Reliance Digital has launched its second store at Burdwan at Reliance Digital, Parasmani Appartment, Kanainatshal North, GT Road, DVC More, PO: Chotonilpur, Burdwan, WB, Pin-713103 This tech destination offers the widest range of latest electronics at best prices along with an Exp ...Read More >
New Delhi: The primary market is buzzing this week as LG Electronics India and Tata Capital prepare to launch their much-awaited initial public offerings (IPOs). Both issues are among the most anticipated of the season, with investors watching their grey market premiums (GMPs) and key subscription trends closely. These IPOs come at a time when the market is witnessing strong investor interest and robust participation across large-cap and mid-cap offerings. The LG IPO is drawing attention due to ...Read More >
Under the model, users can select a device and subscribe for a 12-month tenure. At the end of the period, they can upgrade to a newer device, return it, or continue for another year to take ownership. A new entrant in India's consumer tech space, BytePe, founded by former Flipkart executive Jayant Jha, has launched a subscription-based smartphone service that allows users to access premium phones such as the iPhone 17 series through a fixed monthly fee instead of paying upfront or via EMIs. Ac ...Read More >
India's initial public offering (IPO) calendar is entering a record-setting week, with fundraises topping Rs 30,000 crore -- the largest in a single week. Nearly 90 percent of that will come from just two offerings: Tata Capital's Rs 15,511 crore issue and LG Electronics India's Rs 11,607 crore offer-for-sale (OFS). The sheer scale is set to strain secondary markets, where buying support could dry up. Although equities closed higher for second straight sessions on Friday, experts caution the r ...Read More >
New Delhi, Oct 3 (PTI) Major companies across sectors, including automakers, consumer electronics, and consumer goods, have reported record sales during the nine-day auspicious Navratri period, according to data shared by leading firms. The robust sales were aided by the recent GST reform, which saw a substantial drop in tax rates, leading to price reductions across consumer goods, appliances, such as TVs (above 32-inch screen size), air conditioners and automobiles. The industry reported a sp ...Read More >
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