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India’s Defence Ministry Sets Up Advanced Testing Facilities in Chennai The Ministry of Defence (MoD) of India has taken a significant step to enhance the country’s defence capabilities. A Memorandum of Understanding (MoU) was signed to establish state-of-the-art testing facilities in Chennai, under the Tamil Nadu Defence Industrial Corridor. Details of the MoU The MoU…
Indian Railways Achieves Record Freight Loading in June 2024 In June 2024, Indian Railways reported a record freight loading of 135.46 million tonnes (MT), marking an increase of 12.40 MT compared to the same period last year. This growth represents a robust improvement of approximately 10.07 per cent year-on-year, highlighting the railways’ enhanced operational efficiency…
Karnataka Signs Big Deals with DN Solutions and EMNI Co. Ltd in South Korea The Karnataka government has signed two major agreements worth Rs 1040 crores with DN Solutions and EMNI Co. Ltd in Seoul, South Korea. These agreements were signed during a delegation led by Minister for Large and Medium Industries and Infrastructure Development,…
Godrej Properties Sells Over 2,000 Homes in Bengaluru’s Godrej Woodscapes Project Godrej Properties Ltd has achieved a major milestone by selling over 2,000 homes worth Rs 3,150 crore in its Godrej Woodscapes project located in Whitefield-Budigere Cross, Bengaluru. This marks the company’s most successful launch in terms of value and volume. The project spans 3.4…
IFFCO Launches Big Campaign to Promote Nano Fertilisers in India New Delhi, July 2: The Indian Farmers Fertiliser Cooperative Limited (IFFCO) has started a major campaign called the Nano Fertiliser Usage Promotion Mahaabhiyan. This initiative aims to encourage farmers to use nano-fertilisers in their fields. What is the Campaign About? IFFCO has chosen 200 model…
Shriram Subramanian Defends SEBI Against Hindenburg’s Allegations New Delhi [India] July 2: Shriram Subramanian, founder and MD of InGovern, criticized Hindenburg Research’s accusations against SEBI, calling them uncalled for. He stated, “It is unclear on the reason why Hindenburg has come out so strongly against SEBI, to the extent of casting aspersions on SEBI. Hindenburg…
Union Minister Ashwini Vaishnaw to Inaugurate Global India AI Summit 2024 in New Delhi Union Minister Ashwini Vaishnaw will inaugurate the two-day Global India AI Summit 2024, hosted by the Ministry of Electronics and Information Technology (MeitY), in New Delhi on Wednesday. The event will bring together international delegates, AI experts, and policymakers. Jitin Prasad,…
India’s Coal Production Soars in June 2024 Coal India Limited Leads the Way India’s coal production for June 2024 has surged to 84.63 million tonnes (MT), marking a 14.49% growth compared to the same period last year, which was 73.92 MT. Coal India Limited’s Contribution State-owned Coal India Limited (CIL) played a significant role in…
Indian Stock Market Closes Lower Despite Early Gains The Indian stock market ended in negative territory on Tuesday. The BSE Sensex dropped 34.73 points to settle at 79,441.45, while the NSE Nifty fell by 18.10 points to close at 24,123.85. Market Performance The day began on a promising note with both benchmark indices opening at…
Sanjeev Sanyal Predicts India’s GDP to Reach $4 Trillion at Cambridge India Conference During the Cambridge India Conference held at the historic Cambridge Union, Sanjeev Sanyal, a member of the Economic Advisory Council to the Prime Minister of India, forecast that India’s GDP will reach USD 4 trillion this year, outpacing global growth rates. India’s…