Home » Business

Business

Import of Paper brought under Compulsory Registration from 1st October

Newdelhi:27/5/22:The import policy of major paper products has been amended from ‘Free’ to ‘Free subject to compulsory registration under Paper Import Monitoring System’. A notification to this effect has been issued by DGFT yesterday. This order shall be applicable on a range of paper products, such as newsprint, handmade paper, wallpaper base, duplicating paper, coated paper, uncoated paper, Litho and ...

Read More »

SAIL Declares Financial Results for FY’22, Revenue Crosses Rupees One Lakh Crore; Achieves Best Ever Profitability

N ewdelhi:24/5/22:Steel Authority of India Limited (SAIL) has declared its financial results here yesterday for the quarter and year ending 31st March 2022 (FY’22). During FY’22, the company has clocked its best-ever performance in production and sales while achieving an all-time high revenue from operation of Rs.1,03,473 Crore and EBITDA of Rs.22,364 crore. This performance, backed by an uptick in ...

Read More »

Renewed MoUs articulate new strategic direction for Indo-Canada S&T co-operation

Ottawa23/5/22:Two MoUs were renewed at the 7th India-Canada Joint Science and Technology Cooperation Committee (JSTCC) meeting that took place in Ottawa, setting priorities for the next period in a variety of innovative fields. The MoUs had been signed by the Ministry of Science and Technology with Natural Sciences and Engineering Research Council of Canada (NSERC) and National Research Council Canada ...

Read More »

Prime Minister Chairs Business Roundtable in Tokyo

Tokyo:23\5\22Prime Minister Shri Narendra Modi chaired a roundtable with Japanese business leaders on 23 May 2022 in Tokyo. Top executives and CEOs of 34 Japanese companies participated in the event. Majority of these companies have investments and operations in India. The companies represented diverse sectors including automobiles, electronics, semiconductors, steel, technology, trading and banking & finance. Key business bodies and ...

Read More »

MOU signed with Jordan for supply of 30 LMT Rock Phosphate, 2.50 LMT DAP, 1 LMT phosphoric acid for the current year, ahead of ensuing cropping season in India

Newdelhi:17/5/22:“The Government led by Hon. Prime Minister Shri Narendra Modi is a pro-poor and pro-farmer Government and is committed to providing an assured supply of fertilisers to the farmers. There is no shortage of fertilisers in the country”. This was stated by the Union Minister of Health & Family Welfare and Chemicals & Fertilizers, Dr. Mansukh Mandaviya, here today. “We ...

Read More »

Adani to Acquire Holcim’s Stake in Ambuja Cements and ACC Limited

Ahmedabad, 15 May 2022: The Adani Family, through an offshore special purpose vehicle, announced that it had entered into definitive agreements for the acquisition of Switzerland-based Holcim Ltd’s entire stake in two of Indias leading cement companies – Ambuja Cements Ltd and ACC Ltd. Holcim, through its subsidiaries, holds 63.19% in Ambuja Cements and 54.53% in ACC (of which 50.05% ...

Read More »

Ministry of Agriculture and Farmers Welfare signs MoU with UNDP for strategic partnership on Agriculture, Crop Insurance and Credit

Newdelhi:12/5/22:The Ministry of Agriculture & Farmers Welfare (MoA&FW), Government of India and the United Nations Development Programme (UNDP) have signed a Memorandum of Understanding (MoU) wherein UNDP will provide technical support towards Centre’s aspirational Pradhan Mantri Fasal Bima Yojana (PMFBY) scheme & Kisan Credit Card – Modified Interest Subvention Scheme. The MoU was signed in the presence of Union Minister ...

Read More »

Leading Oil PSUs come together to sign Tripartite-cum-Escrow Agreement for upcoming dedicated ethanol plants

Newdelhi:11/5/22; The Oil Marketing Companies (OMCs) – Bharat Petroleum Corporation Limited (BPCL), Indian Oil Corporation Ltd (IOCL) and Hindustan Petroleum Corporation Limited (HPCL) have entered into a long-term purchase agreement (LTPA) for upcoming dedicated ethanol plants across India. The first set of Tripartite-cum-Escrow Agreement (TPA) was signed among OMCs, project proponents and Banks of the respective ethanol plant projects in ...

Read More »

Airlines have witnessed 520% increase in cargo revenue in last two years

Newdelhi:10/5/22:Union Minister of Civil Aviation Shri Jyotiraditya M. Scindia today attended the annual event of Air Cargo Forum India (ACFI) as the chief guest. The theme of the annual event was “10 Million: Vision 2030; Stimulating, Scaling, Steering Air Cargo”. Other dignitaries who graced the event were Shri Piyush Srivastava, Senior Economic Advisor, Minister of Civil Aviation, Shri Cyrus Katgara, ...

Read More »

Indian delegation led by Union Agriculture Minister visits Agriculture Research Organisation and Be’er Milka Farm Farm at Israel

Newdelhi:10/5/22:An Indian delegation led by Union Minister of Agriculture & Farmers Welfare, Shri Narendra Singh Tomar visited Agricultural Research Organization, Volcani Institute of Israeli Ministry of Agriculture and Rural Development today. The domain experts made a presentation before the Indian delegation on various areas of advanced agricultural research, precision agriculture, remote sensing, and post-harvest technology. Discussions with the Indian delegation ...

Read More »