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Karnataka government on Friday approved six new projects and eight additional investment proposals worth Rs 17,835.9 crore, with a potential to generate 27,000 jobs across the state, officials said. The State High-Level Clearance Committee (SHLCC), headed by Chief Minister Siddaramaiah, at its meeting here, gave the nod to new projects worth Rs 8,220.05 crore, and additional investment ones worth Rs 9,615.85 crore, they said. The new projects include Wistron Infocomm Manufacturing India's proposal to invest Rs 2,095 crore and provide employment to 21,723 in the state, officials said. According to an official statement, other major proposals that received the government's green signal are: Air India Limited (Rs 1,750 crore investments), ICT Service Management Solutions (India) Private Limited (Rs 1,450 crore), STT Global Data Centres India Private Limited (Rs 1,352.3 crore) and Indian Cane Power Limited (Rs 1,078 crore).

The Marathon Digital CEO discusses the cryptocurrency market and mining practices in a FOX Business exclusive interview.

Kulbhushan Parashar, Founder and Managing Director at Corporate Capital Venture. In an interview with ETMarkets, Parashar said: “We normally try to make our public offering so that there is sufficient appreciation post listing and investors get a fair deal on their investment,” Edited excerpts:

₹6.44 crore in 2016, and KPI Global Infrastructure Ltd, which raised ₹39.94 crore in 2019. KP Green Engineering IPO is an SME IPO that will open for subscription on March 15 and close on March 19. The IPO allotment is expected to be finalized on March 20.

Showcasing Donaldson’s unwavering dedication to innovation, the state-of-the-art facility ushers in a new era of digitally empowered filtration solutions. The experience centre provides a unique opportunity for Indian customers to experience live demonstrations of a range of Donaldson dust collectors along with iCue Connected Filtration Service, an IoT-based technology to remotely monitor dust collection equipment performance. Donaldson iCue Connected Filtration service is a new offering for the Indian market, with the capability to create significant value by minimising air pollution while maximising productivity in a factory setting. Using a network of connected sensors, remote dust collection monitoring can now be automated, providing comprehensive real time data through a modernised and user-friendly digital interface. Additionally, this technology offers the ability to monitor a wider range of data, including three critical measures: differential pressure, particulate trends and relative airflow.

The XC40 Recharge single motor is manufactured at the Volvo facility in Hosakote, Bengaluru. Pre-booking for the car has already begun, and customers can reserve their vehicle at their nearest Volvo Car India business partner. According to the company, the pricing of the car has been strategically set to expand its customer base.

Odisha government has approved seven key projects with an investment of Rs 80,125 crore in different sectors, an official said. The projects received the state government's nod at a High-Level Clearance Authority (HLCA) meeting chaired by Chief Minister Naveen Patnaik on Thursday. These investments are expected to create job opportunities for 24,552 people in various sectors, including steel, green energy, pharmaceuticals, and chemicals, the official said. These projects are spread over Khurda, Jagatsinghpur, Jharsuguda, Ganjam, and Bhadrak districts, he said.

bike taxi services owing to what the Congress regime sees as an apparent lack of encouraging response from ride-hailing services to offer services with electric two-wheelers and gross misuse of the present policy. Transport department has withdrawn the Karnataka Electric Bike Taxi Scheme, notified on July 14, 2021. ET had on February 9 reported the government planned to end the bike taxi scheme in the state.

Battery electric vehicles will be, on average, cheaper to produce than a comparable internal combustion engine by 2027 thanks to new manufacturing methods that are lowering production costs, market research firm Gartner said on Thursday. Gartner expects production costs to drop considerably faster than the costs of batteries, which are the most expensive part of an EV and account for around 40% of the vehicle's price. Gartner said its analysis was driven by «innovations that simplify production costs such as centralized vehicle architecture or the introduction of gigacastings that help reduce manufacturing cost and assembly time.»

China unleashed the full might of its solar energy industry last year. It installed more solar panels than the United States has in its history. It cut the wholesale price of panels it sells by nearly half. And its exports of fully assembled solar panels climbed 38% while its exports of key components almost doubled. Get ready for an even bigger display of China's solar energy dominance. While the United States and Europe are trying to revive renewable energy production and help companies fend off bankruptcy, China is racing far ahead.

Sarbananda Sonowal, has said that the UNNATI scheme announced by the Union cabinet is a gamechanger initiative by PM Narendra Modi, which is going to boost development of newer industries in the Northeast. Sonowal stated, “The UNNATI 2024 is a gamechanger initiative by PM Narendra Modi ji which going to boost development of newer industries in the Northeast. The vision of our Prime Minister Narendra Modi ji for the region as the Powerhouse of India's economic growth is being realised with this massive initiative for economic growth and huge prospect for employment generation in the region. With a financial outlay of more than Rs 10,000 crores, the Northeast adds another reason for newer investment by manufacturing companies to set up their plants. Modiji's commitment to empower 'Act East policy' through the UNNATI 2024 will not only propel growth in the region but also act as a multiplier for trade and commerce of India with Southeast Asia." The Union Cabinet approved the proposal of the Ministry of Commerce and Industry, Department for Promotion of Industry and Internal Trade for Uttar Poorva Transformative Industrialization Scheme, 2024 (UNNATI – 2024) for a period of 10 years from the date of notification along with 8 years for committed liabilities at a total cost of Rs.10,037 crore.

Electric truck maker Rivian says it's pausing construction of a $5 billion manufacturing plant in Georgia

Vivo and Oppo are appointing Indian distributors in each state as the primary source of product supply to the trade to help resolve a long-standing point of conflict with the Centre. The aim is to localise the distribution structure in India, two industry executives said. Vivo and Oppo are the largest brands of China's biggest smartphone manufacturer BBK Group. Until now, the brands had one or two Chinese-owned and managed distribution companies in each state, referred to as agents. They would in turn channel goods to retailers through local distributors. From next month, Vivo will scrap its agents in Delhi, Punjab and Haryana, having put in place Indian distributors for these states. Lens on Chinese companies

NEW DELHI : Rating agency Moody's on Thursday raised its forecast for India's GDP growth in FY24 to 8% from 6.6% on the back of strong government expenditure and domestic consumption. The upgrade comes a week after the rating agency raised its forecast for India's GDP growth in calendar 2024 to 6.8% from 6.1%.

₹15,000 crore. Under the plan, five prototypes of the AMCA will jointly be built by the Aeronautical Development Agency (ADA) and state-run Hindustan Aeronautics Limited (HAL) with support from private industries.

By David Shepardson

Investing.com — Rivian surged Thursday after the electric vehicle maker unveiled three new EVs and said it would save over $2 billion from pausing production at its Georgia plant.

Servotech Power Systems on Thursday said it will invest Rs 100 crore for setting up a facility to manufacture components of EV chargers. The project will come up at Sonipat in Haryana, Servotech Power said in a statement. «The company is investing Rs 100 crore for setting up an EV charger component manufacturing facility. The plant will have an initial annual production capacity of 24,000 power modules,» it said. Its production capacity will be ramped up to 2.4 lakh in order to cater to the rapidly growing Indian EV market which will require around 6 lakh units annually, the company said.

alcohol-related deaths, including 77 women, have been reported in Mizoram during the past ten months since April last year, state Health Minister Lalrinpuii informed the state assembly The Minister while replying to a query of ruling Zoram People's Movement (ZPM) MLA Jeje Lalpekhlua, said that 361 men and 77 women died due to alcohol related issues in between April last year and January this year. The previous Mizo National Front (MNF) government, as part of its election promises promulgated the Mizoram Liquor Prohibition Act, 2019 to curb the misuse of alcohol and drugs.

NEW DELHI : India’s mobile phone exports are expected to cross ₹1.2 trillion at the end of this financial year, reaching a major milestone propelled by the government’s thrust on phone makers such as Apple and Samsung to manufacture locally. The exports would account for nearly one-third of the total domestic production of mobile phones, projected at about ₹4.1 trillion in FY24, the Indian Cellular and Electronics Association said on Thursday.

NEW DELHI : India’s foreign minister S. Jaishankar urged Japanese companies to consider “Make in India" initiatives as well as export from India to global markets, during the Raisina Roundtable in Tokyo. Jaishankar is on a three-day visit to Japan to meet with his Japanese counterpart Yoko Komikawa.