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BHUBANESWAR: The Adani Group on Wednesday announced three major projects worth over Rs 33,000 crore across digital infrastructure, power and cement manufacturing sectors in Odisha, reiterating the corporate behemoth's expanding commitments in the state. The announcement came as Chief Minister Mohan Charan Majhi unveiled 36 industrial projects worth over Rs 40,811 crore at a function in Bhuinpur of Khurda district. The projects - 11 completed and 25 new investments - are in the sectors of green ...Read More >
Mumbai: Adani Group stocks, including Adani Enterprises, Adani Green Energy and Adani Ports, rose in the range of 3-12% Wednesday after Gautam Adani approached a US court to seek dismissal of a civil fraud case filed by the Securities and Exchange Commission (SEC). Among Adani group stocks, Adani Green Energy led the gains with a 12% jump, followed by Adani Energy Solutions at 9%, Adani Enterprises at 8.6%, Adani Total Gas at 7.3%, Adani Ports and Special Economic Zone at 5%, and Adani Power at ...Read More >
Adani commits Rs 33,081 crore to Odisha projects. ShowQuick Read Summary is AI-generated, newsroom-reviewed * Adani Group commits Rs 33,081 crore for three major projects in Odisha * Projects include data center, thermal power plant, and cement plant near Cuttack * Data center in Bhubaneswar to support AI, cloud computing, and digital governance Did our AI summary help? Let us know. Switch To Beeps Mode New Delhi: The Adani Group pledged three large-scale infrastructure projects in Odi ...Read More >
BHUBANESWAR: The Adani Group on Wednesday announced investments worth over ₹33,000 crore in Odisha across digital infrastructure, power and cement manufacturing, signalling strong industry confidence in the state's long-term growth trajectory. Addressing a grand function organised by the Odisha government for the inauguration of 36 industrial projects worth over Rs 40,000 crore at Bhuinpur in Khurda district, Managing Director of Adani Ports and SEZ (APSEZ) and Chairman of ACC Cement, Karan Ada ...Read More >
Bhubaneswar/New Delhi: The Adani Group has announced a significant investment of Rs 33,081 crore in three flagship infrastructure projects in Odisha. Spanning digital infrastructure, energy security, and manufacturing, these projects are expected to generate around 9,700 direct and indirect jobs while supporting the state's ambitious targets of achieving a USD 500 billion economy by 2036 and USD 1.5 trillion by 2047. Managing Director of Adani Ports and Special Economic Zone Ltd (APSEZ), Karan ...Read More >
New Delhi [India], April 8 (ANI): The Adani Group pledged three large-scale infrastructure projects in Odisha, focusing on digital infrastructure, energy security, and manufacturing. Karan Adani, Managing Director of Adani Ports and Special Economic Zone, detailed the initiatives at the ground breaking and inauguration ceremony of 36 industrial projects in Khordha. The expansion reflected a long-term commitment to the state's goal of becoming a USD 1.5 trillion economy by 2047. Across these thr ...Read More >
Ahmedabad: Zydus Lifesciences has expanded its presence in the U.S. generics market with a key regulatory approval for a widely used diabetes treatment. Zydus Lifesciences Limited has received final approval from the United States Food and Drug Administration for Dapagliflozin Tablets in 5 mg and 10 mg strengths. This approval enables the company to enter the U.S. market with a generic version of the drug, broadening its portfolio in a high-demand therapeutic category. With the approval, Zydus ...Read More >
New Delhi, Apr 8 (PTI) Zydus Lifesciences Ltd on Wednesday said it has received final approval from the US health regulator for its generic version of dapagliflozin tablets indicated to control blood sugar in adults with type 2 diabetes mellitus. The approval by the US Food and Drug Administration (USFDA) is for dapagliflozin tablets of strengths 5 mg and 10 mg, Zydus Lifesciences said in a regulatory filing. Dapagliflozin is indicated as an adjunct to diet and exercise to improve glycaemic co ...Read More >
Govt is likely to roll out a Rs 2.5-lakh-cr credit guarantee scheme in the coming days to support sectors impacted by the West Asian crisis The central government is likely to roll out a Rs 2.5-lakh-crore credit guarantee scheme in the coming days to support sectors impacted by the West Asian crisis, Moneycontrol.com reported, citing two government officials. The proposed scheme will expand the existing Emergency Credit Line Guarantee Scheme (ECLGS) framework, which was introduced in 2020 to a ...Read More >
New Delhi, Apr 7 (PTI) The government is considering a ₹2.5 lakh crore credit guarantee scheme to support businesses, especially MSMEs impacted by the West Asia crisis, sources said. Under the scheme, a credit guarantee of about 90 per cent on loans of up to ₹100 crore would be provided to lenders in case of default by borrowers due to the ongoing US-Iran conflict. The guarantee on bank loans would be provided by the National Credit Guarantee Trustee Company (NCGTC), a wholly-owned subsidiary ...Read More >
New Delhi, Apr 7 (PTI) The government is considering a Rs 2.5 lakh crore credit guarantee scheme to support businesses, especially MSMEs impacted by the West Asia crisis, sources said. Under the scheme, a credit guarantee of about 90 per cent on loans of up to Rs 100 crore would be provided to lenders in case of default by borrowers due to the ongoing US-Iran conflict. The guarantee on bank loans would be provided by the National Credit Guarantee Trustee Company (NCGTC), a wholly-owned subsidi ...Read More >
New Delhi, April 6: Finance Minister Nirmala Sitharaman on Monday said fiscal prudence has given the government enough room to push capex and support sectors impacted by the West Asia crisis. Besides, she said the Reserve Bank can go in for further rate cut to deal with the emerging situation. Highlighting the importance of a good public finance policy in challenging times, the Finance Minister said, it improves the counter-cyclical capacity , especially the ability to 'lean against the wind' ...Read More >
New Delhi: Finance Minister Nirmala Sitharaman on Monday said fiscal prudence has given the government enough room to push capex and support sectors impacted by the West Asia crisis. Besides, she said the Reserve Bank can go in for a further rate cut to deal with the emerging situation. Highlighting the importance of a good public finance policy in challenging times, the Finance Minister said that it improves the counter-cyclical capacity, especially the ability to 'lean against the wind' in ec ...Read More >
New Delhi: India's strong fiscal position and robust foreign exchange reserves provide the Reserve Bank of India with more policy flexibility, Finance Minister Nirmala Sitharaman said on Monday. Addressing the golden jubilee celebrations of the National Institute of Public Finance and Policy, the Finance Minister said: "India has fiscal space with room to maintain the government's capex programme, room for the RBI to cut rates and room to offer targeted support to affected sectors. This is the ...Read More >
New Delhi, Apr 6 (PTI) Finance Minister Nirmala Sitharaman on Monday said fiscal prudence has given the government enough room to push capex and support sectors impacted by the West Asia crisis. Besides, she said the Reserve Bank can go in for further rate cut to deal with the emerging situation. Highlighting the importance of a good public finance policy in challenging times, the Finance Minister said, it improves the counter-cyclical capacity , especially the ability to 'lean against the win ...Read More >
Kutch (Gujarat) [India], April 4 (ANI): A massive fire broke out at a Texwool textile company located in the Kandla Special Economic Zone (SEZ) in Gujarat's Kachchh district on Saturday evening. The incident led to an immediate response from the fire services. The blaze erupted at a company named Tex Polymer. Also Read | Avoid Panic: Delhi CM Rekha Gupta Reassures Citizens of Stable LPG Supply, Urges People Not to Crowd Agencies. According to an Official, the fire at the used-clothing facilit ...Read More >
Kutch (Gujarat) [India], April 4 (ANI): A massive fire broke out at a Texwool textile company located in the Kandla Special Economic Zone (SEZ) in Gujarat's Kachchh district on Saturday evening. The incident led to an immediate response from the fire services. The blaze erupted at a company named Tex Polymer. According to an Official, the fire at the used-clothing facility created an atmosphere of fear among locals. Fire brigade teams from KASEZ, the Municipal Corporation, and the DPA were ru ...Read More >
With this, APSEZ - which is India's largest integrated transport utility and among the nation's leading port developers and operators - also highlighted its goal of reaching 1 billion tonnes of cargo handling by 2030. Speaking on the milestone, Gautam Adani, chairman of Adani Group, said ports are "not merely gateways for trade, they are gateways to national confidence, competitiveness and destiny." In a statement, the firm said it was a "defining moment" which showcased India's "infrastructure ...Read More >
Ahmedabad, April 3 (SocialNews.XYZ) Adani Group Chairman Gautam Adani on Friday set an ambitious target of handling one billion tonnes of cargo for Adani Ports and SEZ (APSEZ) by 2030 on the occasion of the flagship company celebrating its landmark achievement of surpassing the 500 million tonnes mark. "Let this evening not be remembered only as the moment we celebrated 500 million tonnes. Let it be remembered as the moment we paused to renew our belief and set our sights on the next horizon. O ...Read More >
Ahmedabad (Gujarat) [India], April 3 (ANI): Adani Ports and Special Economic Zone (APSEZ) has set a target to achieve one billion tonnes of cargo handling capacity by 2030, said Chairman of the Adani Group, Gautam Adani, as the company crossed a milestone of 500 million tonnes of cargo. Addressing an event in Ahmedabad on Friday to celebrate the milestone, Gautam Adani highlighted the rapid growth trajectory of the company and outlined its ambitious future plans. Also Read | Fake Sensodyne Too ...Read More >
Ahmedabad (Gujarat) [India], April 3 (ANI): Adani Ports and Special Economic Zone (APSEZ) has set a target to achieve one billion tonnes of cargo handling capacity by 2030, said Chairman of the Adani Group, Gautam Adani, as the company crossed a milestone of 500 million tonnes of cargo. Addressing an event in Ahmedabad on Friday to celebrate the milestone, Gautam Adani highlighted the rapid growth trajectory of the company and outlined its ambitious future plans. "Keep in mind that it took us ...Read More >
New Delhi: The Centre is mulling a slew of pre-emptive steps to mitigate the war-hit sectors in the country amid the ongoing West Asia conflict. The government is mostly focussing on manufacturing, energy and export sectors, among others to provide some 'temporary' relief to these sectors. Apart from the government's inter-ministerial set-up, both the finance ministry and commerce ministry are working separately on some new measures, including more production-linked incentive or PLI schemes for ...Read More >
New Delhi, Apr 3 (PTI) Billionaire Gautam Adani on Friday said his conglomerate's port arm is targeting cargo volumes of 1 billion tonnes by 2030, after the company surpassed 500 million tonnes milestone, underscoring the rapid scale-up of India's largest port operator. Speaking on the occasion of Adani Ports and Special Economic Zone (APSEZ) crossing the milestone, Chairman Adani said the group's ports network has expanded into an integrated system of 20 ports across India and international lo ...Read More >
New Delhi, Apr 3 (PTI) The one-time duty concession to manufacturing units in SEZs will provide them with limited domestic market access while preserving their export-oriented character, experts said on Friday. However, the relatively modest duty relief somewhat diminishes the extent of the potential benefits to these special economic zones (SEZs), as it is not structured around the principle of duty forgone, they added. "Consequently, the measure falls short of fully addressing the import sub ...Read More >
Reliance Industries SEZ refinery will not face new export taxes on diesel and aviation fuel. This exemption stems from judicial pronouncements. The government reintroduced these levies on March 26 to encourage domestic fuel sales. These taxes are reviewed fortnightly. This move aims to manage global energy supply disruptions. Reliance operates two refineries in Jamnagar, Gujarat. The reimposed windfall export taxes on diesel and aviation turbine fuel (ATF) will not apply to Reliance Industries ...Read More >
Defence Minister Rajnath Singh Thursday chaired the second meeting of the Informal Group of Ministers (IGoM), which took stock of a range of issues, including LPG supplies, aviation turbine fuel price hike, and customs duty exemption on 40 critical petrochemical products till June this year. The meeting was attended by Cabinet ministers Nirmala Sitharaman (Finance), Hardeep Singh Puri (Petroleum), Manohar Lal (Power), Jagat Prakash Nadda (Chemical & Fertilisers), S Jaishankar (External Affairs) ...Read More >
New Delhi: Export duties levied on diesel and jet fuel won't be applicable to Reliance Industries' special economic zone (SEZ) refinery due to court rulings, a government official said on Thursday. "As per judicial pronouncements on this issue, the special additional excise duty and additional excise duty are not applicable on SEZ refineries," Jainendra Singh Kandhari, Joint Secretary in the finance ministry, told a press conference. Reliance operates two refineries in Gujarat-one catering to ...Read More >
New Delhi: Defence Minister Rajnath Singh on Thursday stressed the need for round-the-clock monitoring of the West Asia conflict while calling for a calibrated response to deal with any eventuality to ensure that national interests remain protected. Singh chaired a high-level meeting of the Informal Group of Ministers (IGoM) set-up to monitor the situation in West Asia. In view of the "uncertain situation", the defence minister underlined the importance of round-the-clock monitoring of the situ ...Read More >
The first meeting was held on March 28, when Singh had asked officials to closely monitor the situation and ensure coordinated action while planning for long-term stability. Union Defence Minister Rajnath Singh on Thursday chaired the second meeting of the Informal Group of Ministers (IGoM) in New Delhi, where members reviewed the government's response to the ongoing West Asia conflict. The meeting was attended by key Union ministers, including Finance and Corporate Affairs Minister Nirmala Sit ...Read More >
New Delhi, April 2 (SocialNews.XYZ) Round-the-clock monitoring and calibrated response must for India to stay prepared and deal with any eventuality amid the evolving West Asia crisis, Defence Minister Rajnath Singh said on Thursday. The second meeting of the Informal Group of Ministers (IGoM), set-up to monitor the evolving situation in West Asia and suggest proactive measures for its minimum impact on India, was held under the chairmanship of Rajnath Singh here. The meeting deliberated upon ...Read More >
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