Indian Railways Electric Locomotives Get 9000 HP Propulsion System; Big ‘Make in India’ Feat!
The newly developed high-power equipment will improve haulage capabilities, average speed as well as utilization of rolling stock assets.
Economy
News on Indian Economy
Cyclonic Vayu Not to Make Landfall in Gujarat
Meanwhile Skymet maintains that while the strong winds associated with the cyclonic system may cause damage over Gujarat Coast.
TCS to Implement RBI’s Information and Management System for 310 Crore
The RBI had invited of expression of interest (EOI) in July 2018 for identification of solution provider for implementation of CIMS by overhauling the data warehouse (DW) of the apex bank.
FDI Flows to India Grew 6% in 2018 to USD 42 Bn: UN Report
Investment in India the subregion’s largest recipient rose by 6 per cent to USD 42 billion with strong inflows in manufacturing, communication, financial services and cross-border merger and acquisition (M&A) activities, the report said.
India, Uzbekistan Explore Joint Economic Projects Ahead of SCO Summit
A delegation from Gujarat visited Uzbekistan’s Andijan region that is being developed as a business hub.
Parag Milk Foods from India Launches Premium Milk Brand in Singapore
New Delhi: Dairy FMCG company Parag Milk Foods Monday said it has launched its farm-to-home premium milk brand ‘Pride of Cows’ in Singapore.
The company claimed to be the first Indian company to sell fresh milk in Singapore.
It is airlifting the milk from its dairy farm, located in Manchar, near Pune to Singapore.
Pride of Cows will initially be available through various home delivery platforms.
“A typical Pride of Cows consumer has an evolved taste preference and is brand as well as health conscious.
With an abundance of such consumers in Singapore, we have identified a huge opportunity for expansion there,” Parag Milk Foods Chairman Devendra Shah said in a statement.
As the consumption of fresh and organic milk has increased in Singapore, consumers have become mindful of the source of the milk they consume and its nutrient content and we believe that there is a dearth of such products in the country, Shah said.
Moreover, for the affluent consumer, experiential luxury is what truly drives spending, and a brand like Pride of Cows epitomises those ideals, he added.
Shares of Parag Milk Foods closed at Rs 241.90 on the BSE, up 0.06 per cent from its previous close.
Indian Railway to Replace Tejas Express with Train 19
The officials said that the technology used in Tejas Express will be replaced with DPRS which is being tried in Train 19. This is one step further to Train 18 – Vande Bharat Express – which will have sleeper coaches. “The DPRS will allow faster acceleration and deceleration. It will happen within 1-2 minutes. At present, it takes 12-15 minutes for the same. It will save time, fuel and power,” Agrawal said.
Govt Pursuing Efforts to Set Up Second Airport in Major Cities
Airports Authority of India (AAI) Chairman Guruprasad Mohapatra said second aerodromes are required in major Indian cities, considering the way the aviation sector is growing.
India Likely to Join China-Russia Call for New Trading System on SCO Sidelines
The continuing trade war between the US and China and its impact on the global economy will be among the key talking points at the meet, people in the know said.
Two-Thirds of HIV Treatment Drugs Supplied Globally by Indian Pharma Industry
“These affordable generic medicines have helped scale up access to treatment across developing countries,” Tripathi, a First Secretary in India’s UN mission, told the General Assembly on Monday.