The Indian government is set to collect a record-breaking dividend of ₹67,000 crore from non-financial Central Public Sector Enterprises (CPSEs) in the current fiscal year (FY 24-25). This significant boost is driven by strong profitability in key state-run sectors, including petroleum, coal, and power. With dividend receipts already nearing ₹60,000 crore, the final figure is …
India’s edible oil imports in February 2025 dropped to their lowest level in four years, primarily due to significant declines in soy oil and sunflower oil imports. This has led to the lowest inventory levels in three years, according to the Solvent Extractors’ Association of India (SEA). Declining Imports and Inventory Shortfall For the second …
New Delhi, Mar 12 (PTI): The government has received 73 applications under the second round of production linked incentive (PLI) scheme for specialty steel, Sandeep Poundrik, secretary in the Union steel ministry, said on Wednesday. The PLI schemes were launched as part of government’s efforts to increase production of special steel in India to make …
Washington, Mar 12 (AP) President Donald Trump officially increased tariffs on all steel and aluminium imports to 25% on Wednesday, promising that the taxes would help create US factory jobs at a time when his seesawing tariff threats are jolting the stock market and raising fears of an economic slowdown. Trump removed all exemptions from …
Brussels, Mar 12 (AP) The European Union on Wednesday announced retaliatory trade action after the Trump administration officially increased tariffs on all steel and aluminum imports to 25%, with duties on industrial and agricultural products that will go into effect April 1. “As the US are applying tariffs worth 28 billion dollars, we are responding …
India has firmly established itself as a global player in the pharmaceutical sector, ranking 11th globally in terms of export value in 2023, according to a secondary market research analysis by Bain & Company. The country accounted for an impressive 3% of the total pharmaceutical exports globally. The Central Drugs Standard Control Organisation (CDSCO) and …
New Delhi, Mar 12 (PTI) India’s fishery sector loses over USD 2 billion due to untreated wastewater contaminating waterways, according to a study published on Wednesday. It also said the country suffers an annual economic loss of USD 246 million from diarrhoea caused by contaminated drinking water due to poor wastewater management. Launched at the …
Kolkata, Mar 11 (PTI) A UK electric vehicles delegation, comprising six innovative SMEs specialising in fleet telematics, battery energy storage systems, AI, IoT-based cybersecurity and modular decentralized generators, visited Kolkata on Tuesday to explore opportunities in India. The delegation, facilitated by Connected Places Catapult and supported by Global Business Inroads (GBI) in association with the …
India’s data centre (DC) industry is poised for significant growth over the next few years. According to ICRA, a prominent rating agency, the country’s data centre operational capacity is expected to surge from 1,150 megawatts (MW) in December 2024 to an impressive 2,000-2,100 MW by March 2027. This remarkable growth is being driven by the …
India’s coal imports fell by 8.4% to 183.42 million tonnes (MT) during the April-December 2024 period, as increased domestic production helped meet rising demand. This reduction in imports resulted in foreign exchange savings of approximately ₹42,315 crore ($5.43 billion), according to a statement from the Ministry of Coal. In comparison, coal imports stood at 200.19 …
