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global market, increasing the export potential of Indian car manufacturers. The programme aims to develop a safety-sensitive car market in India, the ministry said.

semiconductors and electronics in the one year since President Joe Biden signed off on a law that promotes the sector. In June, US-based Intel said it would invest $33 billion in Germany to expand in Europe. The number of semiconductor fabs processing 300-mm wafers globally is projected to jump from 138 in 2020 to 180 in 2023 and 233 in 2027.

paperboard surged by 39 per cent at 409,000 tonnes in the first quarter of 2023-24 against 294,000 tonnes in the year-ago quarter, according to an industry body. In value terms, imports rose by 28 per cent to Rs 3,153 crore in the first quarter of FY2023-24 compared to the year-ago period, Indian Paper Manufacturers Association said citing Directorate General of Commercial Intelligence and Statistics data. The surge in imports comes on the back of a 25 per cent increase in paper and paperboard imports in FY2022-23 over the previous fiscal, according to the official trade data. In FY23, paper and paperboard worth Rs 12,531 crore were imported. In the April-June period of FY24, imports from ASEAN jumped nearly three-fold and from China by 37 per cent in volume terms. Imports of all grades of paper accelerated in the first quarter with the highest jump of 214 per cent seen in imports of uncoated writing & printing paper, 28 per cent in coated paper and paperboard, 15 per cent in kraft paper and 65 per cent in tissue paper imports. The top import sources of uncoated writing & printing paper are Indonesia, Singapore and China. The top import sources of coated paper and paperboard are China, Japan and South Korea, the Indian Paper Manufacturers Association stated in a statement.

PTI, Anarock affirmed that the real estate developers are aiming at business expansion and tapping into the high demand for residential and commercial properties in the post-pandemic period. "Our latest research indicates that as many as 59 separate land deals for over 2,018 acres have been closed across the country between January to August 2023," Anuj Puri, Chairman of Anarock, said. The real estate consultant added that the land parcels are increasingly being used for setting up manufacturing units and hospitals.

India and the UK along with a free trade agreement will figure prominently during the visit of a high-level team from Britain here, an official said. UK Secretary of State for Business and Trade Kemi Badenoch and Director General for Trade Negotiations at the Department for Business and Trade (DBT) Amanda Brooks are visiting India this week. Besides participating in the G20 Trade and Investment Ministerial Meeting in Jaipur on August 24-25, the UK minister will hold bilateral talks with Commerce and Industry Minister Piyush Goyal on August 26 here and review the progress of talks on the free trade agreement.

Aeroflex Industries and Vishnu Prakash R Punglia will open for public subscription this week. Beside, there are three other IPOs including that of Aeroflex Industries, which kicked off last week and will be available through the current week.Aeroflex Industries The initial public offer (IPO) of Aeroflex Industries will open on August 22 and close on August 24. The anchor investors' subscription will be done on August 21. The IPO comprises fresh equity issue of Rs 162 crore and offer for sale (OFS) of 1.75 crore equity shares. Under the OFS, promoter SAT Industries will offload the 1.75 crore shares.

The proposed national e-commerce policy is in the final stages and no new draft policy will be issued now for seeking the views of stakeholders, a senior government official said. The new e-commerce policy is being formulated by the commerce ministry. On 2 August, the Department for Promotion of Industry and Internal Trade (DPIIT) held a detailed discussion with representatives of e-commerce firms and a domestic traders' body on the proposed policy.

Hero MotoCorp, having restored its margins to pre-Covid levels, is now focused on achieving sustainable growth. The company aims to boost its market share across various segments through the introduction of new products in the coming quarters, as stated by a senior company executive, reported PTI. The nation's leading two-wheeler manufacturer is actively working on increasing its production capacity to facilitate the launch of the highly-anticipated Harley-Davidson X440, which has already garnered more than 25,000 bookings.

Another rapid-fire gun device that is worrying federal government officials is being put to the test in lawsuits in New York City and Texas

Former RBI Governor and an acclaimed economist Raghuram Rajan always finds himself at the centre of controversy for his comments that don't sink well with the centre government. Replying to one of his recent comments, Union Minister Ashwini Vaishnaw called Rajan a politician and accused him of "doing shadow-boxing on somebody’s behalf". He also advised Raghuram Rajan of either sticking to economics or turn into a politician.

«For the first time in 15 months, the Indian equity market fell for the fourth week in a row. Sensex, Nifty, and Nifty Bank fell nearly 1% each with 31 Nifty stocks recording losses. This can be attributed to profit booking in the Nifty metal sector and selling activity by foreign institutional investors (FIIs).

electric two-wheelers sold in India are manufactured in Tamil Nadu, the state's minister for industries, TRB Rajaa, claimed at an event on Saturday. Rajaa, who was speaking at the ‘Tamil Nadu Startup Thiruvizha 2023’ in Coimbatore, said the state is not just a leader in textiles, but in the automotive and electronics sector too. He said electronics exports from the state in the last one year has risen to $5.37 billion.

surged to a 15-month high at 7.44 per cent primarily driven by a rise in food prices especially vegetables, breaching the RBI's upper tolerance level of 6 per cent for the first time in five months. RBI in its August bulletin mentioned the industrial production and trade weakening, the slowing of global recovery after a robust performance in the April-June quarter. The Indian economy is gathering momentum in Q2FY24 with headline inflation expected to average above 6 per cent, said the central bank.

aerospace industry is reflecting rapid advancement on artificial intelligence-based tools to enhance safety of systems, Hindustan Aeronautics Ltd (HAL) chairman & managing director CB Ananthakrishnan said. Ananthakrishnan was speaking at Indian Institute of Management-Calcutta's annual business conclave here on Saturday.

Dalmia Group firms have submitted a revised debt resolution plan for ₹1,100 crore of bank loans of Birla Tyres, which is undergoing insolvency resolution, according to people in the know. A person familiar with the new plan told ET that group companies of Dalmia Bharat have offered to repay about ₹300 crore of the outstanding loans of Birla Tyres. This is said to be three times their original offer to creditors.

Ashwini Vaishnaw on Saturday called former RBI governor Raghuram Rajan a politician who is «doing shadow-boxing on somebody's behalf». Vaishnaw's remark was in reaction to a query on Rajan's reported statement that India is not manufacturing mobile phones under the Production Linked Incentive (PLI) scheme but is only assembling them. «When good economists become politicians, they lose their economic sense.

Indian Army, joined Sodexo as account director for India. Today, he is global strategic account director for Apac, the Middle East and Africa, at the French employee benefits and rewards solutions multinational.

Whether you're working from home, ensuring your family's comfort, or safeguarding critical electronic devices, these batteries provide the assurance of uninterrupted power supply. In this guide, we'll explore a range of 100Ah inverter battery options that blend affordability with dependable backup performance, ensuring that you're prepared for any situation.

Moneycontrol's 'Bullish on India' campaign. Taking to X, PM Modi wrote, “With robust growth and resilient spirit, the future looks promising.

By Valentyn Ogirenko

U.S. regulators are requiring immediate inspections of engines on some Airbus jets equipped with engines from Pratt & Whitney