by PTI News | Feb 24, 2022 | 9:40 pm | Commodities, Commodity Prices, News
New Delhi, Feb 24 (PTI) Industry leaders on Thursday said the Russia-Ukraine conflict may lead to a spurt in crude oil and commodity prices, which will raise their input costs and further stoke inflationary pressures. Biscuits and confectionery maker Parle Products said the geopolitical situation is going to have a huge effect on crude oil [...]
by PTI News | Feb 24, 2022 | 9:39 pm | News
New Delhi, Feb 24 (PTI) The steel ministry will host a two-day conference this week in Odisha, with an aim for better coordination between the Centre and state and to enable interaction on matters related to mining leases and green clearances of mining projects. Union Steel Minister Ram Chandra Prasad Singh will chair the 'Conference [...]
by PTI News | Feb 24, 2022 | 9:31 pm | Economy, News
New Delhi, Feb 24 (PTI) The Russia-Ukraine military conflict may have an implication on the country's trade in that region as it would affect the movement of consignments, payments and oil prices, according to exporters. The Federation of Indian Export Organisations (FIEO) said they have asked exporters to hold their consignments to the region or [...]
by PTI News | Feb 24, 2022 | 9:16 pm | News
New Delhi, Feb 24 (PTI) The government on Thursday removed export curbs on Remdesivir injection and its active pharmaceutical ingredients (APIs) amid declining COVID-19 cases in the country. The Centre has also removed similar curbs for exports of organic LEDs (Light Emitting Diodes) and liquid crystals. "The export policy of Injection Remdesivir and Remdesivir API, [...]
by PTI News | Feb 24, 2022 | 9:05 pm | News
New Delhi, Feb 24 (PTI) Infrastructure term lender IFCI Ltd on Thursday approved allotment of preferential shares to the government in lieu of capital infusion of Rs 100 crore in the company. The decision was taken at extraordinary general meeting (EGM) of the shareholders of the company, IFCI said in a regulatory filing. The shareholders [...]
by PTI News | Feb 24, 2022 | 8:59 pm | Economy, News
New Delhi, Feb 24 (PTI) The government aims to capture five per cent of the global market share in additive manufacturing or 3D printing with expectations to add nearly USD 2-3 billion to the GDP in the next 2-3 years, Union Minister Ashwini Vaishnaw said Thursday. Under the National Strategy on Additive Manufacturing, the government [...]
by PTI News | Feb 24, 2022 | 8:57 pm | News
Guwahati, Feb 24 (PTI) Bangladesh is focusing on strengthening connectivity with India, especially Assam, through all modes in order to boost trade between the two nations, the neighbouring country's Information and Broadcasting Minister Hasan Mahmud said on Thursday.Addressing an Indian Chamber of Commerce (ICC) event here, he also deliberated on the similarities of food, attire, [...]
by PTI News | Feb 24, 2022 | 8:50 pm | News
New Delhi, Feb 24 (PTI) Vodafone Idea Ltd (VIL) on Thursday announced a collaboration with A5G Networks, with a view to spurring industry 4.0 and smart mobile edge computing in India. The two companies have jointly set up a pilot private network in Mumbai utilising existing 4G spectrum, according to a statement. "VIL's association with [...]
by PTI News | Feb 24, 2022 | 8:49 pm | Commodities, Economy, News
New Delhi, Feb 24 (PTI) Government officials on Thursday went into a huddle to access the impact of Russian aggression in Ukraine on the Indian economy and began preparing contingency plans to combat a possible spike in inflation due to a rise in oil prices and the country's external trade being impacted. While there are [...]
by PTI News | Feb 24, 2022 | 8:40 pm | Economy, News
New Delhi, Feb 24 (PTI) Exhibiting a strong step towards its commitment of achieving net-zero carbon by 2050, Vedanta on Thursday said its aluminium vertical has launched its low-carbon green aluminium brand 'Restora'. The company unveiled two product lines, Restora (low-carbon aluminium) and Restora Ultra (ultra-low carbon aluminium), under the brand. "By 2050, Vedanta wants [...]
