Page 402 - Industry News

Fada announces appointment of C S Vigneshwar as new president for 2024-26

Vigneshwar is the Managing Director of Anaamalais Toyota based out of Coimbatore, Tamil Nadu, and has other dealerships of Volvo Eicher Commercial Vehicles (VECV) and Ather Energy

Cabinet approves Rs 12,461 cr support for 31,350 MW hydropower projects

Union Cabinet, chaired by Prime Minister Narendra Modi, has approved the proposal of Ministry of Power for modification of the scheme of budgetary support for cost of Enabling Infrastructure for HEP

Eyeing 10% share of worldwide patents in 6G services: Minister Scindia

He was delivering a keynote address at the 51st edition of the AIMA National Management Convention. He said that India has emerged as a beacon of hope and stability amid tremendous global turbulence

UP to clear investment proposal worth Rs 10 trn, offer 25% sops: Adityanath

Together with the Centre's incentives of 50 per cent, chip units can get subsidies of up to 75 per cent for investment proposals, the chief minister stated

Govt, pvt sector should think of mid-term AI consequences: CEA Nageswaran

He said that labour should be treated as a resource and asset since it involves humans with emotions

Airlines' group IATA flags concerns over rise in airport charges in India

In India, tariffs for major airports are approved by the Airports Economic Regulatory Authority (AERA) and in recent times, charges at some airports have gone up

Govt approves Rs 10,900 cr PM E-DRIVE scheme to push electric mobility

Cabinet has approved the PM E-DRIVE scheme with an outlay of Rs 10,900 crore for two years to boost adoption of electric vehicles in India, replacing FAME programme that ran for nine years till March

Indian pharmaceutical market registers over 6% growth in August 2024

Sheetal Sapale, vice-president (commercial) at Pharmarack, said that new introductions and price growth have driven the market growth for the month of August 2024

Bharat Biotech, Alopexx partner to develop new broad-spectrum vaccine

Bharat Biotech, based in Genome Valley, Hyderabad, has a portfolio of vaccines and bio-therapeutics, including COVID-19 vaccines and novel vaccines for various infectious diseases

Centre to get Semicon 2.0 policy in place in next 3-4 months: Vaishnaw

Vaishnaw also said that under Semicon 2.0, an equal focus will be on ecosystem partners, equipment manufacturing, fabs, ATMPs, and other segments of the overall semiconductor ecosystem

Vedanta urges govt to talk with Japan, S Korea to end nickel sulphate duty

Vedanta and some smaller firms turn nickel ores imported primarily from Australia, Indonesia and Turkey into nickel sulphate before shipping it to South Korea, Japan and other countries

NXP Semiconductors to invest over $1 bn in India as it boosts R&D efforts

Chipmaking is still at nascent stage in India, but is crucial element of its economic strategy, with $10 bn incentive package allocated to bolster efforts to rival global chipmakers like Taiwan

Indian cos raise $6 bn from private credit in first-half 2024: EY report

Real estate, healthcare firms push private credit deals to record high

Efforts on to make India global aviation hub, build aircraft: KR Naidu

According to him, the government is looking at ways to boost indigenous production capabilities and also start manufacturing aircraft in the country

Govt to get Semicon 2.0 policy in place in 3-4 months: Ashwini Vaishnaw

Now we are formulating Semicon 2.0 which will be an expanded form of Semicon 1.0, which will take us 3-4 months to put it in place, Vaishnaw said

Dream to have an Indian-made chip in every device in the world: PM Modi

Speaking at the SEMICON 2024 conference on the outskirts of the national capital, the Prime Minister said the Covid pandemic showed the importance of the supply chain

MP govt to let NDDB operate cooperative dairies for 5 yrs; Cong opposes

CM Mohan Yadav said that there is a consensus on giving responsibility to the NDDB to increase the income of farmers and cattle keepers by making the state a leader in milk production

Climate change imminent, focus on areas like Green Hydrogen needed: PM Modi

Prime Minister Narendra Modi was of the view that energy transition and sustainability have become central to global policy discourse

India's own 4G stack to be rolled out by mid-2025: Scindia at AIMA event

Scindia, Minister of Communications, was delivering a keynote address at the 51st edition of the AIMA National Management Convention

Cabinet likely to approve new scheme for promoting electric vehicles

Scheme outlay expected to be Rs 10,900 cr, new name to be coined in place of 'FAME'