Centre to offload 5% stake in Cochin Shipyard through OFS at ₹1,540 per share
NEW DELHI : The Narendra Modi Administration announced plans to divest a 5% stake in Cochin Shipyard Ltd through an Offer for Sale (OFS), with the minimum share price set at ₹1,540. The OFS is scheduled to
DGFT reduces export obligation compliance
NEW DELHI : The Directorate General of Foreign Trade (DGFT) has reduced the compliance requirements on the fulfilment of an export obligation, which aims to increase the ease of doing business. The DGFT has amended chapter
Logistics automation startup Elixia raises USD 1 mn
NEW DELHI : Logistics automation startup Elixia has raised USD 1 million (about Rs 8.4 crore) in a funding round led by JITO Incubation and Innovation Foundation (JIIF). Other investors include Motilal Oswal (Motilal
Ministry of Textiles celebrates ‘World Cotton Day’ 2024
NEW DELHI : The Union Minister of Textiles, Shri Giriraj Singh attended the celebration of World Cotton Day 2024 here . The Ministry of Textiles jointly hosted the conference with Confederation of Indian Textile
RBI proposes no Foreclosure Penalty on MSMEs loans
NEW DELHI : Micro and Small Enterprises (MSEs) will now be able to prepay loans without paying foreclosure penalty. Banks and NBFCs are not permitted to levy foreclosure charges or prepayment penalties on any floating rate term
India and UAE to setup food corridor, likely to attract $2-billion investments : Piyush Goyal
MUMBAI : India and the United Arab Emirates will establish a food corridor, which is likely to attract investments of $2 billion, Commerce and Industry Minister Shri Piyush Goyal said on October 7, at
‘We Missed the Manufacturing Bus’ : Dr. S Jaishankar
NEW DELHI : India has missed the opportunity to scale up their manufacturing sector due to the lack of governance of the previous government and thus, manufacturing and infrastructure are the top priorities of
Amul MD Jayen Mehta says the company is ready to enter European market after recent success in US
JAMSHEDPUR : Managing Director of AMUL and Gujarat Co-operative Milk Marketing Federation Ltd (GCMMF) Jayen Mehta said AMUL’s recently launched milk in US has been “highly successful” and they are now ready to enter