Dabur India Hits INR. 1 Trillion in Market Capitalization
On Thursday, Dabur India Ltd.’s shares reached a new all-time high, positioning it in the exclusive group of companies with a market capitalization of Rs. 1 trillion (US$ 13.33 billion).
Economy
News on Indian Economy
Launch of India’s New-Age Earth Imaging Satellite by May 15: K Sivan
The launch of the 2,268-kg satellite was earlier aborted in the first half of this month due to a technical glitch.
Indian space research organisation (Isro) chairman K Sivan told TOI, “The technical glitch related to a voltage fluctuation issue in the satellite is being fixed. Thereafter, the satellite will be assembled in the launch vehicle and tested again. All these things will take time and the launch is likely to happen in the first half of next month. The delay in the launch of Gisat-1 by GSLV-F10 and the Covid situation will, however, postpone other launches, including the first test-flight of the Small Satellite Launch Vehicle (SSLV or mini PSLV), this year.”
Adani Solar Energy Chitrakoot One Limited Commissions 50 MW Solar Power Plant
Adani Solar Energy Chitrakoot One Limited (“ASECOL”), a subsidiary of Adani Green Energy Limited (“AGEL”), commissions 50 MW Solar Power Plant in Chitrakoot, Uttar Pradesh. The plant has a 25 Years Power Purchase Agreement (“PPA”) with the Uttar Pradesh Power Corporation Limited (UPPCL) at Rs. 3.07/kwh.
NHAI to Make Network Survey Vehicle Use Mandatory for Road Condition Survey
In line with its commitment to provide better roads to commuters, NHAI has decided to deploy Network Survey Vehicle (NSV) to enhance quality of the National Highways. Carrying out road condition survey using NSV on the National Highways has been made mandatory at the time of certifying completion of the project and every six months thereafter. The provision has also been included as a part of the standard bidding document of consultancy services.
SAIL-Bhilai Steel Plant Rolls Out Yet Again for India’s Space Research Mission
Another consignment of MDN 250 slabs supplied by MIDHANI was successfully rolled into plates in SAIL-Bhilai Steel Plant’s Plate Mill for India’s Space Research Mission
India, Japan Plan Virtual Biz Meet to Bolster Trade, Investments
Taking forward the recent initiatives to strengthen bilateral trade and investment ties, India and Japan are planning a virtual business partnership meet with the possible participation of Prime Minister Narendra Modi and his Japanese counterpart Yoshihide Suga later this month or early May.
Indian Standards are Now Available Free of Cost
He informed that BIS have nearly 21000 Indian Standards. The objective is to ensure genius standard for every product relevant for the national economy and consumers. He said for the benefit of industry, particularly the MSME sector, Indian Standards are now available free of cost, and can be downloaded from the Standardization Portal of e-BIS.
India’s 1st Floating LNG Storage & Regasification Unit Arrives in Maharashtra
Darshan Hiranandani, CEO of H-Energy, said: “This will be India’s first FSRU based LNG regasification terminal, which marks a new chapter in India’s mission for accelerated growth of LNG infrastructure. FSRU based LNG Terminals aim at providing the ability to enhance the pace of natural gas import capability in an environment friendly and efficient manner”.
Shri Piyush Goyal Inaugurates e-SANTA, A Platform to Connect Aqua Farmers and the Buyers
Union Commerce and Industry Minister Shri Piyush Goyal today virtually inaugurated e-SANTA, an electronic marketplace providing a platform to connect aqua farmers and the buyers. It will enable the farmers to get a better price and the exporters to directly purchase quality products from the farmers enhancing traceability, a key factor in international trade. The term e-SANTA was coined for the web portal, meaning Electronic Solution for Augmenting NaCSA farmers’ Trade in Aquaculture. National Centre for Sustainable Aquaculture (NaCSA) is an extension arm of Marine Products Export Development Authority (MPEDA), Govt. of India, Ministry of Commerce & Industry.
Mr. Piyush Goyal Launches “DGFT Trade Facilitation App” for Providing Instant Access to Exporters/Importers
Minister for Railways and Commerce & Industry and Consumer Affairs, Food & Public Distribution, Mr. Piyush Goyal, today launched DGFT ‘Trade Facilitation’ Mobile App during the online video conference, for promoting ease of doing business and providing quick access to information to importers/exporters.