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New Delhi, Oct 24 (SocialNews.XYZ) The Ministry of Coal has handed over another three coal blocks to successful bidders, under the commercial auction route, for which the Coal Mine Development and Production Agreements were signed on August 21 this year, according to an official statement issued on Friday. The blocks for which vesting orders were issued on Thursday, include Rajgamar Dipside (Deavnara), Tangardihi North and Mahuagarhi. Among these, 2 blocks are partially explored and 1 block is ...Read More >
This year, India's space agency ISRO is gearing up for two exciting LVM-3 rocket launches. As the Gaganyaan human spaceflight mission approaches its grand finale, plans are already underway for future milestones, including Chandrayaan-4, which aims to return samples from the moon, and a vision for an Indian space station by 2035. ISRO has scheduled two launches of its heavy-lift rocket LVM-3 to place in orbit two satellites -- CMS-03 and private US communications satellite BlueBird--before this ...Read More >
Chemical emergencies, whether accidental or deliberate, pose an escalating threat to public health, environmental stability, and economic systems. India took a major step toward strengthening its national health security framework with the release of three specialized training modules on Public Health Management of Chemical Emergencies, developed by the National Centre for Disease Control (NCDC) under the Ministry of Health and Family Welfare (MoHFW). The modules were officially launched today ...Read More >
In an inspiring announcement, India's defence production has soared to an impressive Rs 1.5 lakh crore, with an important Rs 33,000 crore coming from the private sector. At a recent book launch, Defence Minister Rajnath Singh celebrated this advancement while stressing the significance of civil-military integration for our national security and the quest for technological independence. Defence Minister Rajnath Singh on Wednesday said that domestic defence production has increased to Rs 1.5 lakh ...Read More >
New Delhi: Reliance Industries Ltd, India's largest buyer of discounted Russian oil, plans to scale back imports following fresh US sanctions on Moscow-linked firms, dealing a significant blow to billionaire Mukesh Ambani's conglomerate. State-run refiners, however, may continue purchases through intermediary traders for now, industry officials said. Reliance, which operates the world's largest single-site oil refining complex at Jamnagar in Gujarat, purchased about half of the 1.7-1.8 million ...Read More >
New Delhi, Oct 23 (PTI) Billionaire Mukesh Ambani's Reliance Industries Ltd, India's biggest buyer of discounted Russian oil, plans to scale back imports of Russian crude oil following fresh US sanctions on Moscow-linked firms, sources said. State-run refiners, however, may continue purchases through intermediary traders for now, industry officials said. Reliance, which operates the world's largest single-site oil refining complex at Jamnagar in Gujarat, purchased about half of the 1.7-1.8 mil ...Read More >
New Delhi, Oct 23 (PTI) US sanctions against two of Russia's largest oil companies are expected to impact Reliance Industries' crude imports from Russia, while state-run refiners may continue purchases through intermediary traders for now. Industry sources said public-sector units are assessing compliance risks but are unlikely to halt Russian crude flows immediately as they buy almost all of their needs from traders, mostly European (who are out of the sanctions net). Billionaire Mukesh Amban ...Read More >
Hyderabad: Senior IAS officer Syed Ali Murtaza Rizvi, on Wednesday October 22 opted for voluntary retirement from service. The IAS officer had eight years of service remaining. Though Rizvi has not disclosed the reasons for his decision, speculation is rife that it was influenced by frequent transfers. He was shifted four times within two years. It is learnt that Rizvi plans to join the private sector after quitting civil service. The government approved his VRS on Wednesday, with effect from ...Read More >
BENGALURU -- The US Federal Reserve will lower its key interest rate by 25 basis points (bps) next week and again in December, according to a Reuters poll of economists who remain deeply divided on where rates will be by the end of next year. A month ago, economists had expected just one more cut this year. But the new forecast follows a recent shift in expectations by Fed policymakers toward additional reductions. Caught between the dual risks of already-elevated inflation climbing higher due ...Read More >
Vijayawada: The state government approved 281 projects worth Rs 10,319.93 crore under the AMRUT 2.0 programme to upgrade water supply and sanitation systems in urban areas across the state. The projects will be implemented under the Concessionaire Hybrid Annuity Model through the Andhra Pradesh Urban Finance and Infrastructure Development Corporation (APUFIDC). The projects were cleared under the Revised State Water Action Plan Tranche I and II. Of the total project cost, Rs 6,477.03 crore has ...Read More >
The Navi Mumbai facility is part of ICICI Bank's Rs 1,800 crore commitment to support the Tata Memorial Centre in establishing three cancer care hospitals across the country. Navi Mumbai is set to get one of India's largest radiation therapy facilities with the commencement of construction of a new cancer care building at Tata Memorial Centre's (TMC) Advanced Centre for Treatment, Research and Education in Cancer (ACTREC). The project, funded through ICICI Bank's CSR contribution of Rs 625 cror ...Read More >
The Maharashtra government will set up a 12-member war room under MITRA to streamline Central and state health schemes and prevent duplication of benefits. The Maharashtra government has decided to set up a special war room to integrate all health-related schemes launched by Central and state governments, with an aim to avoid double benefits of those schemes. ARTICLE CONTINUES BELOW VIDEO Chief Executive Officer of Maharashtra Institution for Transformation (MITRA) will be heading the said wa ...Read More >
Defence Minister Rajnath Singh on Thursday said Operation Sindoor reflects India's growing self-reliance in defence, as most equipment used by the armed forces was indigenously made. Speaking at Symbiosis Skills & Professional University in Pune, he said India has overcome decades of dependence on foreign weapons through reforms and determination. Defence Minister Rajnath Singh on Thursday said that 'Operation Sindoor' is the finest example of self-reliance in India's defence sector as the majo ...Read More >
Lucknow: Rajnath Singh inaugurated a state-of-the-art Titanium and Super Alloy Material Plant at PTC Industries in Lucknow, hailing it as a major milestone in India's journey towards self-reliance in defence manufacturing.He expressed confidence that the facility would end dependency on other countries for critical aerospace and defence materials. He said the plant places India among a select group of countries capable of producing these high-end materials domestically. "This unit is a living ex ...Read More >
MUMBAI : Emirates NBD Bank's decision to buy a controlling stake in RBL Bank for $3 billion is likely to see more global banks looking at having an India play. With the banking regulator likely to allow such transactions going forward, a floodgate of more such transactions will open up, say bankers and industry experts. On Saturday, Emirates NBD said it has entered into an agreement to acquire a 60% stake in RBL Bank for ₹26,850 crore. The transaction, which is subject to shareholder and regula ...Read More >
The information was shared by Union Minister Jitendra Singh, who said the antibiotic is the first molecule entirely conceptualised, developed and clinically validated in India. The antibiotic, Naphithromycin, has been developed by the Department of Biotechnology in collaboration with private pharma house Wockhardt. Citing this as an example of successful industry-academia partnership driving India's biopharmaceutical growth, the Union Minister emphasised the need to build a self-sustainable in ...Read More >
Mumbai, Oct 19 (PTI) RBL Bank expects Emirates NBD Bank's USD 3 billion fund infusion, the largest FDI in the financial services sector, to close by June next year, once the regulatory and government approvals are secured, a top official said on Sunday. RBL Bank will merge with NBD's wholly-owned subsidiary operating in India and become a "listed foreign bank subsidiary" post-deal, the management said. "Our aspiration is to grow multi-fold, and the capital will help. We are now a mid-sized sma ...Read More >
HDFC Bank sees artificial intelligence as an opportunity, not a threat to jobs. The bank's chief executive Sashidhar Jagdishan believes AI will help redeploy staff from backend operations to customer-facing roles. This strategic shift aims to enhance customer engagement and innovation. HDFC Bank is conducting experiments with generative AI, expecting benefits in the next 18 to 24 months. The country's largest private sector lender HDFC Bank does not see its use of artificial intelligence leadin ...Read More >
IMF Chief Kristalina Georgieva says the global economy is resilient but faces a 'fog of uncertainty.' Key priorities include strengthening fundamentals, boosting growth through the private sector, and reducing excessive global imbalances. New Delhi [India], October 18 (ANI): The dark clouds of uncertainty are still holding over the global economy, but the relief is that it has done better than feared, highlighted Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF). ...Read More >
He was dedicating to the nation a Titanium and Superalloy Materials Plant at PTC Industries' Strategic Materials Technology Complex in Lucknow. With China tightening export rules for crucial rare earths, Defence Minister Rajnath Singh on Saturday said, "India must produce rare materials used in defence and aerospace to become a technology creator and safeguard its technological sovereignty." He was dedicating to the nation a Titanium and Superalloy Materials Plant at PTC Industries' Strategic ...Read More >
Mumbai, Oct 18 (PTI) Private sector lender IndusInd Bank on Saturday reported a loss of Rs 437 crore in the September quarter, as it chose to identify and provide for additional stress in the microfinance portfolio. The Hinduja group-promoted lender had reported a net profit of Rs 1,331 crore in year-ago period and Rs 604 crore in the preceding June quarter. In March, it booked a loss of Rs 2,329 crore amid a crisis over shoddy corporate governance, wrongful accounting practices and executive ...Read More >
Mumbai, Oct 18 (PTI) ICICI Bank on Saturday reported that its consolidated net profit for the September quarter inched up by 3.2 per cent to Rs 13,357 crore as a fall in provisions helped overcome the impact of margin compression. On a standalone basis, the second largest private sector lender reported a 5.2 per cent growth in its post-tax profit at Rs 12,359 crore, up from Rs 11,746 crore in the year-ago period. The core net interest income increased 7.4 per cent to Rs 21,529 crore on the bac ...Read More >
Lucknow, October 18: Uttar Pradesh has taken a major stride towards self-reliance in the defence sector with the inauguration of the system integration facility program at the PTC Industries campus within the BrahMos Aerospace complex. The ceremony, led by Defence Minister Rajnath Singh and Chief Minister Yogi Adityanath, highlighted the state's growing role in indigenous defence manufacturing. CM Yogi Hails Atmanirbhar Bharat Addressing the event, CM Yogi Adityanath said, "Atmanirbhar Bharat ...Read More >
Jamshedpur: To ensure maximum voter participation in the Ghatsila Assembly By-Election 2025, the District Election Officer, Karn Satyarthi, has issued an important directive granting paid leave to all voters working in both government and private sectors within the Ghatsila Assembly Constituency on the day of polling, November 11, 2025. The order has been issued in accordance with the instructions of the Election Commission of India and under Section 135(b) of the Representation of the People A ...Read More >
Lucknow (Uttar Pradesh) [India], October 18 (ANI): Defence Minister Rajnath Singh on Saturday dedicated to the nation a Titanium and Superalloy Materials Plant at PTC Industries' Strategic Materials Technology Complex in Lucknow here. Spread over 50 acres, the Strategic Materials Technology Complex has been established with an investment of Rs 1,000 crore. With a production capacity of over 6,000 tonnes per annum, this plant enables India to produce aviation-grade Titanium and Superalloys from ...Read More >
Mumbai: ICICI Bank on Saturday announced that its consolidated profit for the September quarter inched up 3.2 per cent to Rs 13,357 crore. The lender had reported a consolidated net profit of Rs 12,948 crore in the year-ago period. On a standalone basis, the second largest private sector lender reported a 5.2 per cent growth in its post tax profit at Rs 12,359 crore, up from Rs 11,746 crore in the year-ago period. The core net interest income increased 7.4 per cent to Rs 21,529 crore on the bac ...Read More >
Chennai, Oct 18 (PTI) Karur Vysya Bank has breached the Rs 2 lakh crore milestone in the total business at the conclusion of the July-September 2025 quarter, a top official said on Saturday. The progress demonstrates that the bank management's initiatives regarding key metrics are advancing effectively, its Managing Director and CEO Ramesh Babu B said. The Tamil Nadu-based private sector bank had clocked a net profit of Rs 574 crore for the July-September 2025 quarter, up by 21.35 per cent, fr ...Read More >
New Delhi, Oct 17 (PTI) In a move aimed at positioning the national capital as a global hub for live entertainment, the Delhi government on Friday signed a Memorandum of Understanding (MoU) with BookMyShow Live. The agreement, signed under the aegis of the Delhi government's Department of Art, Culture and Tourism, seeks to strengthen the city's concert and event ecosystem through collaboration with industry partners, a statement read. The announcement was made at a joint press conference held, ...Read More >
Defence Secretary Rajesh Kumar Singh on Friday underlined the need for a structured policy framework to strengthen India's domestic industrial base... Defence Secretary Rajesh Kumar Singh on Friday underlined the need for a structured policy framework to strengthen India's domestic industrial base through a balanced synergy between public and private sectors. His remarks came at the inaugural address at the 'Strategic Insight Conference on Indigenous Development of Critical Technologies for Ai ...Read More >
New Delhi [India], October 17 (ANI): Union Minister Piyush Goyal on Friday said that there is no better time than now to invest in India's hospitality sector, as the industry continues to perform strongly amid the country's growing economic momentum. Addressing the Annual Conference and 105th Annual General Meeting of ASSOCHAM, Goyal said that India's travel and tourism sector is witnessing rapid growth but also faces several challenges that need to be addressed through joint efforts by the gov ...Read More >
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