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The comments from the minister come even as there seems to be some unease among southern states when it comes to dealing with the Adani group, especially after the second richest Indian Gautam Adani and others faced charges of bribing officials to secure contracts. Rajeev said Kerala has a big investment from the Adani group in the Vizhinjam Seaport near its capital Thiruvananthapuram and added that the current government decided to go ahead with the project signed by the predecessors only because the benefits accrued to the state and its people through the ambitious transshipment port.

food processing industry has generated employment of more than 2.89 lakh (as of October 31), the government said on Friday. According to data reported by the scheme's beneficiaries, an investment of Rs 8,910 crore has been made across 213 locations in the country, the Ministry of Food Processing Industries said in a statement. The PLI scheme for Food Processing Industry (PLISFPI) was approved by the Union Cabinet on March 31, 2021 with a budget of Rs 10,900 crore, to be implemented from 2021-22 to 2026-27.

Sai Life Sciences IPO before subscribing to the issue. 1) What is the business overview of Sai Life Sciences? Sai Life Sciences provides end-to-end services across the drug discovery, development, and manufacturing value chain for small molecule New Chemical Entities (NCEs) to global pharmaceutical innovator companies and biotechnology firms.

As per an ET study of over a dozen top brands including Samsung, Maruti Suzuki, LG, Sony, Xiaomi, Whirlpool, and Mahindra & Mahindra, with data sourced from regulatory filings, the Indian chief executives drew at least 15% higher gross remuneration in 2023-24 than the expat chief executives, including commission and perquisites. And in most cases even more, with the pay gap getting wider last fiscal. Industry executives said this reflects the fact that several global brands have started relying on local talent, and there is no more hardship allowance for an India posting in the CEO package, unlike earlier.

Apart from the new issues, the Street will also see three listings from Nisus Finance, Property Share REIT and Emerald Tyre Manufacturers.

Nirmala Sitharaman chaired another pre-Budget meeting, this time with the stakeholders from Micro, Small and Medium Enterprises, to gather their inputs and suggestions for the upcoming Budget for 2025-26. The meeting was also attended by Union Minister of State for Finance Pankaj Chaudhary; Finance Secretary; DIPAM Secretary; Department of Economic Affairs Secretary; Chief Economic Adviser; among others. Members from Association of Women Entrepreneurs of Karnataka (AWAKE); Karnataka SC and ST Entrepreneurs Association; Plant-Based Food Industry Association (PBFIA); Ambala Scientific Instruments Manufacturers Association (ASIMA); Rajasthan Footwear Manufacturers Association; The All-India Plastics Manufacturers Association; All India Manufacturers Association; Gujarat Chamber of Small Industries Association; Federation of Associations of Cottage and Small Industries (Based in West Bengal); Federation of Andhra Pradesh Small and Medium Association; and Laghu Udyog Bharati were among the participants at the meeting.

Subscribe to enjoy similar stories. The average amount of caffeine in an espresso shot is between 50-65mg. It is recommended that the amount of caffeine for adults through a day should not exceed 400mg.

unified communications company Tadiran Telecom plans to invest at least USD 10 million (about Rs 80 crore) annually to manufacture IP telephones in India, a top company official has said. IP telephones support multiple communication functions, including conference calls through apps, and are generally used in business organisations. The company has partnered with DCM Shriram for manufacturing IP phones.

Subscribe to enjoy similar stories. New Delhi: Do you collect luxury leather, suede or satin shoes or are you a big sneakerhead? You may have to wait for several months for a new pair. Shelves at luxury shoe boutiques across India may turn sparse in the coming weeks as India’s mandatory licensing regulations that kicked in August are increasing costs and delaying stock arrivals.

The signs at Nippon Steel read: “The world through steel,” underlining why Japan’s top steelmaker is pursuing its $15 billion bid to acquire U.S. Steel

China has banned exports of key materials used for a wide range of products, including smartphones, electric vehicles, radar systems and CT scanners, swiping back at Washington after it expanded export controls to include dozens of Chinese companies th...

Harris Financial Group managing director Jamie Cox analyzes post-Thanksgiving markets, retail and jobs sectors and the bitcoin rally.

Subscribe to enjoy similar stories. The Reserve Bank of India’s (RBI) monetary policy on 6 December voted 4:2 to keep the policy repo rate unchanged at 6.50%. Two of the external members, Dr.

FY25 GDP growth forecast to 6.6 per cent from 7.2 per cent, Governor Shaktikanta Das announced on Friday. Q3FY25 GDP growth forecast was reduced to 6.8% from 7.4%, Q4 growth target was lowered to 7.2% from 7.4%, and Q1FY26 was also revised to 6.9% from 7.3%. ALSO READ: RBI Policy Meeting GDP Forecast: Das & Co cut India’s FY25 growth aim to 6.6% from 7.2%

Subscribe to enjoy similar stories. Kaynes Technology India Ltd shares hit a new 52-week high of ₹6,485 apiece on Tuesday ahead of the company’s announcement that it acquired a 54% stake in Sensonic GmbH, an Austrian provider of distributed acoustic sensing (DAS) solutions. By integrating Sensonic’s fiber optic sensing technology with its manufacturing capabilities, Kaynes aims to deliver improved railway infrastructure solutions focused on safety, operational optimization and efficiency.

clean technology funding in recent months, as efforts to boost domestic green manufacturing help attract investors. Deals worth about $2.4 billion were completed in the third quarter, more than four times the value of those in China and the second-highest total globally behind the US, data compiled by BloombergNEF show. The momentum is being driven by India’s push to build out local clean energy capacity to limit reliance on China, and the prospects of becoming an exporter of the technologies, said Raj Pai, founding partner of GEF Capital Partners, a climate-focused private equity fund.

Subscribe to enjoy similar stories. Once a budget brand, this company is now focusing on premiumization. It's also expanding its store network and e-commerce presence.

Aircraft Act, 1934 and provides for manufacture and maintenance in the aviation sector, remove redundancies and for ease of doing business. The Bharatiya Vayuyan Vidheyak, 2024, was passed after a reply to discussion by Civil Aviation Minister K Rammohan Naidu. Lok Sabha has already passed the bill. The minister answered queries of members on a range of issues including to rise in air ticket prices.

Eli Lilly is spending another $3 billion to bulk up manufacturing as the drugmaker seeks to stoke production of some blockbuster drugs and future products

IPO) in 2024, venture capitalists are betting big on the growing Indian ecosystem. Karnataka’s Vision Group chair and cofounder of Accel Partners India, Prashanth Prakash, said that while there is a need for unicorns and soonicorns, there is also an equal opportunity for small startups that are leading the intellectual property (IP)-driven growth for deep tech. «There was a time when, if you were not a large enough startup, you had no value. But I think that is changing. Startups going IPO today will buy smaller companies to expand their scope. It’s not bad anymore to build small,» Prakash said while speaking at Ramaiah Institute of Technology during the Ramaiah Evoluate Incubator's startup awards on Thursday. He added that India is moving beyond a focus on consumer startups and easy opportunities to deep technology, manufacturing, and engineering-led ventures. «By 2025, we could see another 30 to 40 companies from India going public, reflecting the maturing of our startup ecosystem,» the Co-founder of Accel claimed, adding that India stands to gain from the China Plus One strategy.

Subscribe to enjoy similar stories. More than a decade ago, the off-road vehicle maker Polaris surrendered its status as a 100% made-in-America company, gambling that it could add a Mexican factory without alienating customers. The move paid off handsomely.