Fairfax appoints Amitabh Kant as senior advisor
NEW DELHI, : Canadian billionaire Prem Watsa’s company Fairfax Financial Holdings Limited on Friday said it has appointed former NITI Aayog CEO Amitabh Kant as a senior advisor. In a statement, Fairfax said former G20 Sherpa Kant’s extensive expertise in economic development, innovation, and sustainable growth is expected to significantly benefit the company’s long-term investment […]
UK’s global trade outlook sees India as Asia’s ‘standout growth engine’
LONDON,: As the “standout growth engine” in Asia, India is projected to be the third largest economy in the world by 2028, and the recent Free Trade Agreement (FTA) offer British businesses a “major advantage” over their international competitors, the UK’s new trade strategy and outlook have said. The ‘UK’s Trade Strategy’ and an accompanying […]
Over 18.9 lakh cos were active in India at May-end, shows official data
NEW DELHI,: More than 18.9 lakh companies or 65 per cent of the total number of registered companies were active in India at the end of May, according to official data. Among the active companies, the highest were in the business service segment at 26 per cent, followed by manufacturing (19 per cent), trading and […]
GIA to launch ‘finished jewellery report’ service in India from August
MUMBAI: Gemological Institute of America (GIA) is planning to roll out ‘finished jewellery report’ service in India from August, that will give details about the jewellery piece’s components, including the metal and gemstone characteristics, a top company executive said on Thursday. The finished jewellery report service will boost consumer confidence and trust. “In India, technology […]
Sales of listed manufacturing firms rise 6 pc in FY25: RBI data
MUMBAI: Sales of listed manufacturing sector companies rose by 6 per cent during 2024-25 as compared to 3.5 per cent growth in the preceding year, mainly led by automobiles, electrical machinery, food and beverages, and pharmaceuticals industries, according to RBI data. On the other hand, among the major industries, petroleum and iron & steel sectors […]
CTI raises concern over rising health insurance premiums, writes to FM
NEW DELHI,: Chamber of Trade and Industry (CTI) has raised concerns over the sharp rise in health insurance premiums and urged the government to take immediate action to provide relief to the middle class and small traders. In a letter to Finance Minister Nirmala Sitharaman, CTI chairman Brijesh Goyal said health insurance premiums have increased […]
Hitachi Energy India bags order to supply 30 units of 765 kV transformers to POWERGRID
NEW DELHI: Hitachi Energy India on Thursday said it has received an order from Power Grid Corporation of India to supply 30 units of 765-kilovolt (kV) transformers. The required transformers will be manufactured at Hitachi Energy India’s power transformer factory in Maneja, Vadodara, Gujarat, according to a statement. UHV AC 765 kV transformers will enhance […]
Lupin launches generic chronic constipation treatment drug in US
NEW DELHI,Pharma major Lupin Ltd on Thursday said it has launched its generic version of Prucalopride tablets used to treat chronic idiopathic constipation in the US market after the recent approval by the country’s health regulatory. The Mumbai-based company has launched Prucalopride tablets of strengths 1 mg, and 2 mg in the US, following the […]
Iran’s Supreme Leader threatens to target US bases again, says America was “dealt a severe slap to the face”
Tehran [Iran], Iran’s Supreme Leader Ayatollah Ali Khamenei claimed US President Donald Trump had “exaggerated” the effect of strikes on Iranian nuclear sites and threatened to target American military bases again, The Times of Israel reported. In a televised speech on Thursday, Khamenei claimed Iran’s victory in the 12-day air war launched by Israel and […]
Instead of providing security, Bangladesh Govt projected it as illegal land use: India expresses dismay over Durga Temple demolition in Dhaka
New Delhi India has expressed dismay over Bangladesh Muhammad Yunus-led interim government’s decision to allow demolition of a makeshift Durga Temple in Khilkhet in Dhaka, saying that the governnment instead of providing security to the temple, projected the episode as illegal land use and allowed the destruction of the temple. Addressing a weekly media briefing […]
