A group of 26 political parties, collectively opposed to the ruling BJP, has come together to form an alliance they call I.N.D.I.A—the Indian National Developmental Inclusive Alliance. Since electoral math is best left to pollsters and noisy television studios, this is a good time to venture into the many ideas …
Read More »Air India plans cargo boost as freight capacity set to rise 300% in 5 years | Business News
Air India plans to boost its freight and cargo operations over the next few years on the back of an enhanced cargo-handling capacity, thanks to the wide-body planes the Tata group airline has on order from Airbus and Boeing. The 70 wide-body aircraft ordered by Air India as part of …
Read More »Colgate-Palmolive’s Indian unit reports Q1 profit rise on demand recovery
[1/2]Colgate toothpaste is pictured on sale at a grocery store in Pasadena, California January 30, 2014. REUTERS/Mario Anzuoni/File photo BENGALURU, July 26 (Reuters) – Toothpaste maker Colgate-Palmolive (India)’s (COLG.NS) quarterly profit rose 30.5% on Wednesday, aided by improved domestic demand. Net profit roseto 2.74 billion rupees ($33.40 million) for the …
Read More »India’s Tech Mahindra posts 39% drop in Q1 profit as clients cut spending
BENGALURU, July 26 (Reuters) – India’s Tech Mahindra (TEML.NS) on Wednesday posted a surprise 39% drop in first-quarter profit, as challenging macroeconomic conditions prompted clients to curb spending. The company’s consolidated net profit fell to 6.93 billion rupees ($84.5 million) for the quarter ended June 30. Analysts were expecting profit …
Read More »India’s weather forecasting systems best in world, says Kiren Rijiju
‘India’s weather forecasting systems best in world’ Rijiju underlined that the role of the India Meteorological Department (IMD) is becoming critical in view of climate change. PTI, New Delhi, Jul 26 2023, 16:08 ist updated: Jul 26 2023, 16:08 ist Earth Sciences Minister Kiren Rijiju on Wednesday said India’s weather …
Read More »India’s Air Pollution Challenge Spans Rural and Urban Areas
Another key finding from this report is that, across all regions, rural areas have experienced stronger reductions in PM2.5 levels compared to urban areas. This finding may, in part, be attributable to the progress made under the Pradhan Mantri Ujjwala Yojana. This initiative, launched by the Indian government in 2016, aims to provide …
Read More »India’s prime minister’s office probing dumping of Chinese stainless steel, Jindal Stainless executive says
NEW DELHI, July 26 (Reuters) – India’s Prime Minister’s office (PMO) has launched a probe into potential dumping of Chinese stainless steel products into the country, Abhyuday Jindal, managing director of Jindal Stainless (JIST.NS), said on Wednesday. “The Prime Minister’s Office has taken up the mantle,” Jindal told reporters, adding …
Read More »Seed grant funding available for health research in India
By Hub staff report / Published July 26, 2023 The Johns Hopkins Gupta-Klinsky India Institute, launched in 2021 to develop and strengthen collaborations between the university and partners in India, is currently accepting seed grant proposals in two categories as part of its Breakthrough Research Grants Program. Up to two …
Read More »India’s space economy could potentially touch $100 billion by 2040, says new global report
Already ranked among the world’s fastest-growing segments, India has the potential to grab a gargantuan $100 billion share of the global space industry, strategy and management consultancy Arthur D Little said in a report released Wednesday. Per current estimates, India’s share in the global space economy stands at a measly …
Read More »India’s Mahindra & Mahindra picks up 3.53% stake in RBL Bank for $51 mln
BENGALURU, July 26 (Reuters) – Indian tech-to-tractor conglomerate Mahindra & Mahindra (MAHM.NS) on Wednesday said it bought a 3.53% stake in private lender RBL Bank (RATB.NS) for 4.17 billion rupees ($50.8 million). The company might consider further investment in the lender subject to pricing, regulatory approvals and required procedures, Mahindra …
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