Investments Worth ₹ 15,000 Crore Proposed for J&K, More Expected by November
Zee News has learnt that as many as 44 companies had already expressed interest in investing in J&K by September 1. Of these, proposals of 33 companies have been accepted.
Economy
News on Indian Economy
Modi Keen on Producing Weapons with Russia in India for Sale to 3rd Countries – Make in India
Russia and India are set to sign about 15 documents, including some in the military-technical sectors, within the framework of the 20th Russian-Indian summit that will take place on the sidelines of the Eastern Economic Forum (EEF), a Tass report said.
Latest PSB Merger Could Create ₹ 5,000 Crore Business in IT Outsourcing
To begin with, say sector experts, there would be the immediate integration of various technology stacks. This would create more business for global consulting and IT services entities such as KPMG, PwC, EY, Accenture and IBM, among others. Indian service providers -Infosys, Tata Consultancy Services (TCS), and Wipro, for instance – would also cash in.
FDI in Contract Manufacturing – A Game Changer and A Force Multiplier
The proposed changes are in line with the Budget announcements and should promote ease of doing business in India and boost the ‘Make in India’ initiative.
Tata Steel Deploys Women Engineers at Jharkhand’s Noamundi Mine
“Tata Steel is the first company in India to deploy women in all shifts in mines; and OMQ (Ore, Mines & Quarries) division becomes the first division in Tata Steel to deploy women in all shifts with effect from September 1, 2019,” the release issued here said.
India’s Insurance Industry is Improving Efficiency Through the Use of New-Age Technology
Insurers are adopting AI powered platforms to provide aid to the agents to follow right policy and setting up virtual branches and processing motor vehicle claims based on photographs.
Nagaland’s Hill Broom Grass Set to Make its Presence Felt Nationally – ‘Pradhan Mantri Van Dhan’ Programme
In order to enable forest produce gatherers to value add and market their non timber minor forest produce (MFP), the Tribal Cooperative Marketing Development Federation of India (TRIFED) is planning to grant approvals by end of September for creation of 600 Van Dhan Vikas Kendras (VDVK) across 307 districts in 27 states.
India’s Oyo Acquires Copenhagen-Based Data Science Firm Danamica for $10M
Danamica, which was founded in 2016, has built machine learning tools and “business intelligence capabilities” to specialize in dynamic pricing of rental properties.
ONGC Videsh, Partners Likely To Sign Deal To Acquire 49% Stake In Russia’s Vankor Oilfields
India is keen on sourcing one million barrels per day of oil and oil-equivalent gas from Russia and had identified Sakhalin-3 in the Far East, Vankor in East Siberia, and Terbs and Titov oilfields in Timan Pechora region as fields for potential collaboration.
Our Industrial Zones Base for Indian Firms to Expand Across Gulf: UAE Official
According to Falah Mohammad Al Ahbabi, member of the Abu Dhabi Executive Council, there has been significant investment from India in Abu Dhabi Ports’ subsidiary Khalifa Industrial Zone (KIZAD).