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India’s space startups cross 400; funding tops $500 mn
Business

India’s space startups cross 400; funding tops $500 mn

New Delhi, Feb 11: The number of space startups have reached more than 400, while the investment in such startups crossed more than $500 million, the Parliament was informed on Wednesday.Two private sector companies tested and flown their launch vehicles at sub-orbital orbit in November 2022...
India becomes credible third pole in global economy
Business

India becomes credible third pole in global economy

New Delhi, Feb 11: With the United States, China, and Russia creating a hostile world, Europe and Canada have no choice but to deepen ties with India, according to an article in Washington-based online publication 'The National Interest'."Caught between de-risking China and hedging against...
PM Modi flags carbon capture for India’s steel revolution
Business

PM Modi flags carbon capture for India’s steel revolution

New Delhi, Feb 11: Prime Minister Narendra Modi on Wednesday highlighted how carbon capture can power India’s next steel revolution as the country’s guided efforts towards Net Zero 2070 commitment, strategic investments, and hydrogen initiatives drive growth, global competitiveness, and lead...
India’s solar push must move beyond capacity build-out: Report
Business

India’s solar push must move beyond capacity build-out: Report

New Delhi, Feb 10: India must move beyond adding solar capacity to transform its energy system, with distributed solar, storage and smarter grids to meet an expected rapid surge in demand, according to a new report.A report from Tata Power said that by 2035, solar will be at the "heart of...
PM Modi’s leadership reshaped India’s trade landscape: Goyal
Business

PM Modi’s leadership reshaped India’s trade landscape: Goyal

New Delhi, Feb 10: Under the dynamic leadership of Prime Minister Narendra Modi, India's trade ecosystem is undergoing a historic and rapid transformation, Commerce and Industry Minister Piyush Goyal said on Tuesday.Interacting with a delegation of the Confederation of All India Traders...
Zero US duty on diamonds a landmark move: Avinash Gupta
Business

Zero US duty on diamonds a landmark move: Avinash Gupta

Mumbai, Feb 10: The India-US trade deal is very good and the biggest advantage it brings to the diamond industry is that under Section 3, diamonds and gemstones will now be moved to a zero per cent tariff, which is a major step forward, Avinash Gupta, Vice Chairman of All India Gem and...
India-US trade deal to boost gems, jewellery exports: Industry
Business

India-US trade deal to boost gems, jewellery exports: Industry

Mumbai/Jaipur, Feb 9: Leading players from India’s gems and jewellery industry welcomed the India-US tariff agreement, calling it a historic step that would open up a large, high-value American market for Indian exporters and significantly boost bilateral trade.Dinesh Lakhani, Director of...
Adani secures Japan funding for 6,000 MW green energy corridor
Business

Adani secures Japan funding for 6,000 MW green energy corridor

Ahmedabad, Feb 9: Adani Energy Solutions Ltd (AESL) on Monday said it has secured long-term financing from a consortium of Japanese banks for its flagship high-voltage direct current (HVDC) transmission project.This project will ensure a 6,000 MW green evacuation corridor designed to...
Interim trade agreement between India, US hailed by health sector
Business

Interim trade agreement between India, US hailed by health sector

New Delhi, Feb 7: Health industry leaders on Saturday welcomed the interim agreement on the bilateral trade deal between India and the US.As part of the interim framework, the US will slash reciprocal tariffs on Indian goods to 18 per cent. The US will also remove the reciprocal tariff on...
US lawmakers call for investigation into SpaceX over China ties
Business

US lawmakers call for investigation into SpaceX over China ties

New Delhi, Feb 7: Two US Democratic senators, Elizabeth Warren (from Massachusetts) and Andy Kim (from New Jersey), have reportedly urged the Department of Defense (DOD) to conduct a review of billionaire Elon Musk-led SpaceX.The senators alleged that Chinese investors have secretly acquired...
India secures lowest US tariffs; agri, dairy fully protected: Goyal
Business

India secures lowest US tariffs; agri, dairy fully protected: Goyal

New Delhi, Feb 7: Reiterating that India has completely protected its agriculture and dairy sectors in the US trade agreement, Commerce and Industry Minister Piyush Goyal said on Saturday that the country now has lowest US tariffs among its neighbours as well as competitors.China has...
RBI to introduce new compensation norms for customers hit by bank fraud
Business

RBI to introduce new compensation norms for customers hit by bank fraud

Mumbai, Feb 6: RBI Governor Sanjay Malhotra announced on Friday that the RBI is drawing up fresh rules on compensation for customers of banks in case of small-value fraudulent transactions.The extant instructions on limiting the liability of customers in unauthorised electronic banking...
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