India open to mutually beneficial arrangements on QCOs with trusted partners: Piyush Goyal
STOCKHOLM,: India is open to mutually beneficial arrangements on implementing norms related quality standards with its trusted trading partners, Commerce and Industry Minister Piyush Goyal said on Thursday. He said India is implementing QCOs (quality control orders) to promote manufacturing of quality goods in the country. The rules, standards, and process are the same for […]
India’s digital infrastructure development ‘game-changer’: Databricks CEO Ghodsi
SAN FRANCISCO,: India’s digital infrastructure development has been a “game-changer”, putting the country ahead of most other nations, Databricks CEO and Co-founder Ali Ghodsi has said. At a press conference here on Wednesday at the Databricks Data + AI Summit 2025, Ghodsi said that India is “on the upswing” at a time when recession is […]
Over 200 electric car makers to participate in IESW 2025
NEW DELHI, : Over 200 domestic passenger car manufacturers and international electric vehicle players are expected to participate in the upcoming India Energy Storage Week (IESW), scheduled for next month. Industry body India Energy Storage Alliance (IESA) is hosting the 11th edition of IESW from July 8 to July 10, at the Yashobhoomi Convention and […]
Govt asks edible oil industry to pass on duty cut benefits to consumers
NEW DELHI, : The food ministry has ordered edible oil industry associations to immediately pass on import duty reductions to consumers, following a government decision to halve customs duties on crude oils amid soaring food inflation. A meeting with leading edible oil industry associations and industry stakeholders was held under the chairmanship of Secretary, Department […]
India’s social security coverage increased from 19 pc to 64 pc in 10 years
NEW DELHI,: India’s social security coverage has increased to 64.3 per cent in 2025 from 19 per cent in 2015, according to the ILO data. As per the International Labour Organization (ILO), India now ranks second in the world in terms of beneficiary count, providing social protection to around 94 crore citizens. “The increase […]
Union Bank of India, IOB cut lending rate by 50 bps
NEW DELHI, : Two state-owned lenders, Union Bank of India and Indian Overseas Bank (IOB), on Wednesday slashed lending rates by 50 basis points in line with the rate moderation done by RBI last week. These changes include downward revision of External Benchmark Lending Rate (EBLR) and Repo Linked Lending Rate (RLLR) by 50 basis […]
Jana Small Finance Bank Applies to RBI for Universal Banking License
BENGALURU,Jana Small Finance Bank (Jana SFB), one of India’s leading small finance banks, is pleased to announce that it has formally submitted an application to the Reserve Bank of India (RBI) seeking approval to transition into a Universal Bank. This strategic move marks a significant milestone in Jana Bank’s growth journey and reflects its long-term […]
Good regulatory framework important in India to attract investments: Swiss diplomat
BERN,: Switzerland’s State Secretary for Economic Affairs Helene Budliger Artieda has said a good regulatory framework and cut in red tape in India is important to attract Swiss investments.She said businesses here have raised concerns about bureaucratic hurdles. India and the four European nation bloc EFTA has signed a free trade agreement on March 10, […]
Mahindra Group arm’s Phaltan warehousing facility starts ops
MUMBAI,: Mahindra Group’s logistics arm MLL on Wednesday said its new warehousing facility in Phaltan (near Pune) has become functional, according to a statement. The facility, spread over 3-lakh sq ft, will cater to power solutions provider Cummins India to optimise their nationwide operations through consolidation of products from multiple sources into one central location, […]
PM takes stock of plane crash incident; asks aviation minister to ensure all necessary support
NEW DELHI: Prime Minister Narendra Modi on Thursday spoke to Civil Aviation Minister K Rammohan Naidu and took stock of the plane crash at the Ahmedabad airport. The Boeing 787 aircraft operating the flight AI 171 from Ahmedabad to Gatwick (the UK) crashed immediately after take off. There were 242 people, including 12 crew members, […]
