News on Indian Economy
The plant envisages to meet the strategic requirement of defence aerospace and transport applications under the Make-in-India programme and would produce 60,000 tonnes per annum.
The Seattle-headquartered company is making an ambitious push in India, the last major retail frontier still primarily reliant on small-scale neighborhood and mom-and-pop stores. “E-commerce is so small in India relative to the total consumption, less than 3 per cent,” said Mr Amit Agarwal, Amazon’s Country Manager for India.
While telecom, start-up, energy and infra sectors attracted high-value deals from both strategic and financial investors, IT, pharma and banking sectors remained active pushing the deal volumes during the month.
Four of the five proposed investments were in non-mineral-based sectors, endorsing the state government’s aspiration to diversify and lure investors beyond its historical strengths of mining, metals and power.
Chairman, Mr Rajesh Kumar said there are around 90 crore debit cards in the country against 3 crore credit cards and indicated out digital solution like its own ‘Yono’ stage as the key for accomplishing a debit card-less country.
“A Memorandum of Understanding (MoU) to establish a technology interface between the payment platforms in India and the UAE, would be exchanged between the National Payments Corporation of India and the UAE’s Mercury Payments Services. This will enable the RuPay card to be used at point-of-sale terminals across the UAE,” Navdeep Singh Suri, Indian Ambassador to the UAE, said in an exclusive interview on Wednesday.
The Chennai-based Integral Coach Factory, which manufactured these state-of-the-art trains, has also become the largest rail coach-maker in the world with 2,919 coaches being produced in a 12-month period till February this year.
The spectrum is essential for the public transporter to modernise its age-old signalling and telecommunication system to match the requirement for speeding up trains, a must for its survival and competing against other modes of transportation.
New Delhi [India], Aug 20 (ANI): Himachal Futuristic Communications Ltd (HFCL) said on Tuesday it has received its largest-ever purchase order worth Rs 2,467 crore from Bharat Sanchar Nigam Ltd (BSNL) for turnkey development, operations, and maintenance of a communication network for the Indian Army.
The project is to be completed within 18 months. The project has additional operations and maintenance component of Rs 862 crore to be realised over a period of 10 years from the commissioning of the network. The combined value of the project thus stands at Rs 3,329 crore.
Funded by the Department of Telecom, the turnkey project entails design, development, deployment, and maintenance of converged nationwide IP/MPLS backbone with 219 X access networks and integrated IMS based communication solutions under the network for spectrum programme.
“This next-generation network will connect various locations of the Indian Army while also integrating all existing and legacy networks with this advanced IP/MPLS network to offer seamless and secure transmission of voice, data, video, and multi-media,” HFCL said in a statement.
HFCL is a telecom infrastructure developer, system integrator and manufacturer of high-end telecom equipment and optical fibre cables, having manufacturing facilities at Solan, Goa, and Chennai. (ANI)
From fitness centres and hospitals to providing jobs, India Inc. has made many announcements. Mukesh Ambani-led RIL said it will set up a special task force to prepare plans for the region’s developmental initiatives. Trident Group chairman Rajinder Gupta said he plans to invest ₹1,000 crore in J&K.
