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New Delhi: With appropriate reforms and focus, India's chemical sector will reach $1 trillion by 2040 and create more than seven lakh skilled jobs by 2030, says an ambitious new report released by NITI Aayog titled "Chemical Industry: Powering India's Participation in Global Value Chains." The Indian chemical sector is valued at upwards of $190 billion and has approximately 3.5% of global chemical value chains. The sector is a $31 billion deficit as it is heavily dependent on imported feedstock ...Read More >
New Delhi, Jul 3 (PTI) India should establish world-class chemical hubs and develop eight high-potential port-infrastructure clusters to become a global chemical manufacturing powerhouse, a NITI Aayog report said on Thursday. In a report titled 'Chemical Industry: Powering India's Participation in Global Value Chains', NITI Aayog said India is aiming USD 1 trillion chemical output by 2040. Also Read | Who Is Soham Parekh, Indian Techie Accused of Duping Multiple Companies? What's His Reaction ...Read More >
New Delhi, Jul 3 (PTI) India should establish world-class chemical hubs and develop eight high-potential port-infrastructure clusters to become a global chemical manufacturing powerhouse, a NITI Aayog report said on Thursday. In a report titled 'Chemical Industry: Powering India's Participation in Global Value Chains', NITI Aayog said India is aiming USD 1 trillion chemical output by 2040. According to the report, India is set to increase its Global Value Chains (GVC) share from 3.5 per cent i ...Read More >
New Delhi, Jul 3 (PTI) State-owned Oil and Natural Gas Corporation (ONGC) has signed an agreement with Japan's Mitsui OSK Lines to enter into a partnership to build two very large ethane carriers that will be used to import petrochemical feedstock for its subsidiary. In a regulatory filing, ONGC said it signed a Heads of Agreement on Thursday with Mitsui "to enter into a partnership to build, own and operate two very large ethane carriers (VLECs). It, however, did not give financial details of ...Read More >
New Delhi [India], July 3 (ANI): NITI Aayog on Thursday released its report "Chemical Industry: Powering India's Participation in Global Value Chains". The report offers an extensive analysis of India's chemical sector, highlighting both opportunities and challenges, and outlining a pathway for positioning India as a key player in global chemical markets. The global chemical industry is undergoing a major transformation, driven by shifting supply chains, demand for specialty and green chemicals ...Read More >
Mumbai: Tata Sons chairman N. Chandrasekaran has set a new goal for Tata Steel Ltd chief executive and managing director T.V. Narendran: to deliver net profit from the company's UK operations in the current fiscal year. Addressing shareholders at Tata Steel's annual general meeting on Wednesday, Chandrasekaran, who also chairs the steelmaker, said the aim was for the UK operations to achieve net profitability this fiscal year. "I feel that UK should be PAT (profit after tax) positive, so the c ...Read More >
New Delhi [India], July 2 (ANI): Coal production from captive and commercial mines in June 2025 reached 15.57 million tonnes (MT), while coal dispatches were recorded at 17.31 MT, according to the Ministry of Coal. These figures indicate a solid performance by the coal sector, which plays a crucial role in meeting the energy and raw material needs of key industries across the country. Also Read | Hemant Khandelwal Takes Charge As Madhya Pradesh BJP President, Replaces VD Sharma. The first qua ...Read More >
VMPL Chennai (Tamil Nadu) [India], July 2: Entrepreneur India EV 2025, held in Chennai on June 27-28, catalyzed bold conversations around India's electric future, bringing together policy visionaries, industry stalwarts, and capital enablers. The summit was a powerhouse of insights, partnerships and next-gen strategies--making it clear that India isn't just part of the global EV race; it's aiming for pole position. Kicking off the two-day conference, Ms. Ashita Marya, CEO of Franchise India, d ...Read More >
Chennai (Tamil Nadu) [India], July 2: Entrepreneur India EV 2025, held in Chennai on June 27-28, catalyzed bold conversations around India's electric future, bringing together policy visionaries, industry stalwarts, and capital enablers. The summit was a powerhouse of insights, partnerships and next-gen strategies--making it clear that India isn't just part of the global EV race; it's aiming for pole position. Also Read | FIFA Club World Cup 2025: Gonzalo Garcia's Goal Sends Real Madrid Into Qu ...Read More >
VMPL Chennai (Tamil Nadu) [India], July 2: Entrepreneur India EV 2025, held in Chennai on June 27-28, catalyzed bold conversations around India's electric future, bringing together policy visionaries, industry stalwarts, and capital enablers. The summit was a powerhouse of insights, partnerships and next-gen strategies--making it clear that India isn't just part of the global EV race; it's aiming for pole position. Kicking off the two-day conference, Ms. Ashita Marya, CEO of Franchise India, d ...Read More >
New Delhi, Jul 1 (PTI) The Competition Commission of India (CCI) on Tuesday ordered an investigation against Asian Paints for allegedly abusing its dominant position in the market for manufacturing and sale of decorative paints. The direction follows a complaint filed by Grasim Industries (Birla Paints Division), which allegedly accused Asian Paints of engaging in exclusionary practices aimed at stifling its entry and growth in the Indian decorative paints segment. "The Commission is of the op ...Read More >
New Delhi [India], July 1 (ANI): India's manufacturing sector ended the first quarter of the financial year on a high note, as shown by the HSBC India Manufacturing Purchasing Managers' Index (PMI), which rose to 58.4 in June from 57.6 in May. According to HSBC, this is the highest level in 14 months and well above the long-term average of 54.1, indicating a strong improvement in business conditions. One of the key highlights in June was a sharp rise in international orders. Export demand incr ...Read More >
New Delhi, Jul 1 (PTI) State-owned CIL on Tuesday said it has signed an MoU with Hindustan Copper to work together in the critical mineral sector. The two companies executed the non-binding Memorandum of Understanding (MoU) on Monday to collaborate across various aspects in the copper and critical minerals sectors, CIL said in a BSE filing. Earlier, CIL and IREL (India) Ltd had signed a non-binding MoU to cooperate and collaborate on the development of critical minerals. The MoU aims to promot ...Read More >
Bengaluru, Jun 30 (PTI) In a crackdown against autorickshaws overcharging and plying illegally, Karnataka transport department authorities on Monday registered 260 cases and seized 98 vehicles. The action came days after state Transport Minister Ramalinga Reddy directed the transport commissioner to take strict action against app-based and other autorickshaws in Bengaluru that charge fares above the government-fixed rates, calling the practice a "daylight robbery". In a letter dated June 28, t ...Read More >
Bhopal (Madhya Pradesh): A massive fire broke out in a private factory in the Bairagarh around 8 pm on Monday night, causing panic in the area. The fire broke out in a factory named Sign Vishwas Industries located in village Bhainsakhedi, where disposable boxes are made from aluminium. No casualty was reported in the incident Bairagarh ACP Aditya Singh said that this factory is located behind the Campion School. As soon as the information about the fire was received, the fire department was al ...Read More >
New Delhi: With 15 million registered taxpayers and robust growth in the revenue receipts, the Goods and Services Tax (GST) ecosystem is continuing to evolve with a focus on ease of doing business, better compliance and wider economic participation, the finance ministry said on Monday as the indirect tax system completed eight years. Annual revenue from GST, introduced on 1 July 2017, has doubled to ₹22.08 trillion in FY25 from five years ago and micro, small and medium enterprises are finding ...Read More >
Mumbai, June 30 (SocialNews.XYZ) The Maharashtra government on Monday tabled the bill for the establishment of the 16-member Gadchiroli District Mining Authority for the coordination and supervision of orderly and rapid development of the mineral-bearing area and execution of plans and projects. The authority will be headed by Chief Minister Devendra Fadnavis, who is also the Gadchiroli district guardian minister. The government's move is important as it hopes to finish the Left Wing Extremism ...Read More >
New Delhi: The Aircraft Accident Investigation Bureau (AAIB) is probing from all angles, including sabotage, in the Air India plane crash in Ahmedabad that killed 274 people on board and on the ground last month, Minister of State (MoS) For Civil Aviation Murlidhar Mohol said. Mohol said the black box of the Air India flight AI 171 that has been recovered is in AAIB's custody and will not be outside the country for a thorough assessment. The MoS was speaking at the Pune chapter of the Emerging ...Read More >
NEW DELHI: The Union environment ministry has issued model rules for felling of trees in agricultural land with the objective of supporting states and UT in simplifying regulatory frameworks and promoting agroforestry.It also asked states and UTs to examine the model rules and consider their adoption in order to enhance "ease of doing business" in agroforestry and incentivise farmers to integrate trees into their farming systems without facing undue procedural hurdles.The move will help pulp and ...Read More >
Srinagar- Congress MP Shashi Tharoor on Saturday said foreign countries were told clearly during the post-Operation Sindoor diplomatic outreach that in case of a fresh provocation, India would repeat its action. Speaking at a discussion at the Ahmedabad Management Association, Tharoor said Indian delegations which visited foreign countries in the aftermath of Operation Sindoor managed to convey that India acted with restraint and responsibility. "In other places, we actually were able to get s ...Read More >
New Delhi [India], June 29 (ANI): The Union Ministry of Environment, Forest and Climate Change has issued the 'Model Rules for Felling of Trees in Agricultural Lands', with the objective of supporting States and Union Territories in simplifying regulatory frameworks and promoting agroforestry. Agroforestry offers multiple benefits, including enhancing rural livelihoods, improving soil health, conserving biodiversity, increasing tree cover, water conservation, contributing to climate resilience, ...Read More >
New Delhi: To support states and Union Territories in simplifying regulatory frameworks and promoting agroforestry, the Union Ministry of Environment, Forest and Climate Change (MoEFCC) on Sunday issued the 'Model Rules for Felling of Trees in Agricultural Lands'. Agroforestry offers multiple benefits like enhancing rural livelihoods, improving soil health, conserving biodiversity, increasing tree cover, water conservation, contributing to climate resilience, while reducing pressure on natural ...Read More >
Hyderabad: Thousands of devotees of Lord Jagannath enthusiastically participated in the Jagannath Rath Yatra organised by the ISKCON temple at Abids. Chanting slogans of 'Jai Jagannath', they joined the divine journey of the deities on their chariots on Friday. The city's famous ISKCON Temples took out grand processions from their respective temples, with the lanes beautifully decorated with traditional rangoli. The magnificent chariot carrying Lord Jagannath, along with Balarama and Subhadra, ...Read More >
New Delhi: A robust micro, small, and medium enterprises (MSME) ecosystem is not only important but also essential for the country's sustainable economic development, President Droupadi Murmu said on Friday. Addressing the 'MSME Day' celebration in the national capital, she said that MSMEs are a strong pillar of the country's economy. "They contribute significantly to GDP and promote innovation at the grassroots level. These enterprises generate more employment opportunities at a relatively low ...Read More >
New Delhi, June 27 (SocialNews.XYZ) A robust micro, small, and medium enterprises (MSME) ecosystem is not only important but also essential for the country's sustainable economic development, President Droupadi Murmu said on Friday. Addressing the 'MSME Day' celebration in the national capital, she said that MSMEs are a strong pillar of the country's economy. "They contribute significantly to GDP and promote innovation at the grassroots level. These enterprises generate more employment opportu ...Read More >
MUMBAI: Corporate India showed signs of renewed vigour in 2024-25, with listed private non-financial companies reporting a sales growth of 7.2%, an improvement from the anaemic 4.7% recorded the previous year. Data from Reserve Bank of India, based on financial statements of 3,902 listed non-government non-financial firms, point to a broad-based if uneven recovery-tempered by rising input costs and tightening margins.Manufacturing companies saw sales climb by 6.0%, up from 3.5% the year before. ...Read More >
New Delhi [India], June 26 (ANI): The sales growth of listed private non-financial companies in India improved to 7.2 per cent in 2024-25, from a low of 4.7 per cent during the previous year, Reserve Bank of India (RBI) data showed on Thursday. The RBI released data on the performance of the private corporate sector during 2024-25 drawn from abridged financial results of 3,902 listed non-government non-financial (NGNF) companies. The sales of manufacturing sector companies rose by 6.0 per cent ...Read More >
Mumbai, Jun 26 (PTI) Sales of listed manufacturing sector companies rose by 6 per cent during 2024-25 as compared to 3.5 per cent growth in the preceding year, mainly led by automobiles, electrical machinery, food and beverages, and pharmaceuticals industries, according to RBI data. On the other hand, among the major industries, petroleum and iron & steel sectors recorded a contraction in their sales during 2024-25, it said. On Thursday, the Reserve Bank released data on the performance of the ...Read More >
India's Race For Rare Earth Independence: Breaking Free From China's Grip Sunday, June 08, 2025 by Indian Defence News India is accelerating efforts to reduce its dependence on China for rare earth magnets, a critical component in electric vehicles (EVs), renewable energy systems, and defence technologies. This urgency follows China's recent imposition of export restrictions on rare earth magnets -- a sector where it holds a near-monopoly, controlling about 70% of global rare earth element (REE ...Read More >
New Delhi [India], June 7 (ANI): Fast-moving consumer goods (FMCG) companies reported a muted performance in the fourth quarter of FY25 due to continued weakness in the urban market, according to a report by Axis Securities. The report highlighted that sluggish demand, higher competitive pressure, and broader economic challenges weighed on the sector's growth during the quarter. It said 'FMCG companies have reported muted performance due to weakness in the urban market, owing to increased comp ...Read More >
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