News on Indian Economy
Adjaristsqali Georgia LLC (AGL), a joint venture between Tata Power, Norway’s Clean Energy Invest (CEI) and International Finance Corporation (IFC), commenced the commercial operation of the 178 MW Shuakhevi Hydro Power Project located in southwest Georgia. The company holds 40 per cent stake in the joint venture.
Multilateral institution Asian Development Bank (ADB) on Monday announced a USD 100 million funding for the Indian infrastructure sector through the government-promoted NIIF.
New Delhi: Braving the threat of COVID-19, the Border Roads Organsation (BRO) personnel are working relentlessly to completely replace Daporijo bridge (430 feet Multi Span Bailey Brigde), the only lifeline of Upper Subansiri district, Arunachal Pradesh to restore Lines of Communication for all 451 villages and Security Forces located along the China border
In view of cancellation of all passenger trains and all passenger ticketing upto 14th April 2020, it has been decided by Indian Railways to give full refund for all tickets for journey period from 21st March – 14th April 2020.
The Invest India Business Immunity Platform, hosted on the website of Invest India, India’s National Investment Promotion & Facilitation Agency, under the Ministry of Commerce and Industry is working 24X7 as a comprehensive resource to help businesses and investors get real-time updates on India’s active response to COVID-19 (Coronavirus).
India, the world”s third largest energy consumer, has enough petrol, diesel and cooking gas (LPG) in stocks to last way beyond the three-week nationwide lockdown as all plants and supply locations are fully operational, Indian Oil Corp (IOC) Chairman Sanjiv Singh said.
Wistron Corp., one of Apple’s manufacturing partners, said this week half its capacity could reside outside China within a year. The declaration underscored how the Asian assemblers that keep the world supplied with iPhones and other gadgets are shifting to a higher gear after the coronavirus showed the folly of staking everything on one country.
Quantum computing relies on vastly enhanced computing capacity to quickly crack problems that would take conventional computers years to solve
The state-run power generator signed pacts with federal government on Thursday to acquire New Delhi’s entire stake in the two companies for a total of 115 billion rupees ($1.52 billion) in cash.
In February 2020, India’s crude steel output grew by 1.5 per cent to 9.56 million tonnes (MT), according to global industry body worldsteel.
