NewSpace India to Invest ₹ 10,000 Crore to Buy, Run Satellites
NewSpace India Ltd (NSIL), the commercial arm of Department of Space, is also in talks with ISRO to acquire its fleet of remote-sensing and communication satellites.
Economy
News on Indian Economy
Tesla Looks To Develop EV Charging Infrastructure In India
Tesla is in initial talks with the largest Indian integrated power company, Tata Power, about a possible agreement about electric vehicle (EV) charging infrastructure in India, CNBC-TV18 reported on Friday, citing sources, as the U.S. EV maker prepares to set up foot in the country.
India to Make 1 Billion Vaccine Doses for Indo-Pacific
Leaders of the four-nation Quad, in their first-ever summit on Friday, finalised a landmark initiative under which huge investments will be made in India to create additional production capacities to roll out a billion coronavirus vaccine doses by 2022 for exports to the Indo-Pacific region, seen as a significant step to counter China’s expanding vaccine diplomacy.
Autoliv To Set Up New Airbag Inflator Plant In India
Autoliv, Inc, announced its plan to build a new airbag inflator manufacturing plant in India, focused toward supporting its strong Indian market position. Autoliv India has its corporate office, Engineering Centre, and Airbag facilities in Bangalore. The new inflator plant will be built close to Chennai and will serve the Indian demand.
Bengaluru Airport Launches India’s First Dedicated Express Cargo Terminal, to Help E-Commerce
The Kempegowda International Airport (KIA), Bengaluru on Friday announced the launch of the country’s first dedicated express cargo terminal, which would help the private airport operator to handle over 25 per cent more cargo annually. The express cargo market for business-to-consumer (B2C) and business-to-business (B2B) sectors has tremendous potential to grow over the next decade, reported PTI.
Mera Ration Mobile App Launched Today
Shri Sudhanshu Pandey, Secretary, Department of Food & Public Distribution under Ministry of Consumer Affairs, Food & Public Distribution today addressed a Press Conference on “One Nation One Ration Card” (ONORC) plan. On this occasion Secretary also launches Mera Ration mobile app. This app will benefit especially those ration card holders who move to new areas for livelihoods.
India’s Largest Floating Solar Power Plant to be Commissioned by NTPC in May
India’s largest floating solar power plant of 100 MW capacity, belonging to the National Thermal Power Corporation, is expected to be commissioned at Ramagundam in May this year, NTPC southern region executive director CV Anand said on Wednesday.
India to Block China’s Huawei And Other Equipment Manufacturers Over Security Risks: Report
New Delhi is wary about awarding new technology business to Chinese firms both because of security fears and a desire to get Indian manufacturers to produce more telecoms equipment.
Passenger Vehicle Sales in India Up 18 pc in February: SIAM
According to the ‘Society of Indian Automobile Manufacturers’ (SIAM), passenger vehicle sales in India increased by 17.92% YoY, to 2,81,380 units in February 2021 compared to February 2020. In February 2020, passenger vehicle wholesales stood at 2,38,622 units.
India Could Regain Status of World’s Fastest-Growing Economy This Year: Report
India’s economy should come roaring back to life in 2021 after a recession-induced by COVID-19 and allow the country to reclaim its status as the fastest-growing major economy if the OECD projection of 12.6 per cent expansion in GDP is realised, according to a report by CNN Business on Tuesday.