In Feb 2018, the MoD established two defence industrial corridors to serve as engines of economic development and growth of defence industrial base in the country

An exhibit of Su 30 MK-I fighter aircraft at the Bharat Dynamics Limited (BDL) pavillion during the 12th edition of DefExpo, in Gandhinagar on Tuesday

Defence Expo 2022

Das asserted that directors in UCBs, who are elected to their positions, must possess expertise in diverse banking functions, including risk management and information technology

Shaktikanta Das

Weak demand, global slowdown add to their woes

Crude oil

The stock price of GVK Power & Infrastructure was locked in the 5% upper circuit for the eight day, trading at its highest level since September 2018 on the BSE

Sensex, Nifty, stock brokers

His three children - twins Akash and Isha (both 31) and Anant (28 years) - will get only a sitting fee and a commission on the profit earned by the firm

Reliance Industries chairman Mukseh Ambani and Nita Ambani's children, left to right, Akash, Isha and Anant Ambani. PTI: Photo

Isha, Akash and Anant Ambani

Union minister Amit Shah on Saturday said the co-operative sector was "not irrelevant", but it was hurt by political interference in the past.
The Narendra Modi government's decision to de-link it from the agriculture ministry gave the sector a tremendous boost, he said.
Shah, who also handles the co-operation portfolio alongside the home ministry, was delivering the Laxmanrao Inamdar Memorial Lecture at Mumbai University.
Co-operation is a human-centric model where people with minimum capital can contribute to the economy by coming together and  compete with those who have access to more funds, he said.
He also said that the Modi government brought into mainstream some  60 crore people who did not have bank accounts and were part of the informal economy.
The cooperative movement must absorb modern technologies, he said, adding that "mass production and production by masses" is required.

Amit Shah, Madhya pradesh election

He has donated Rs 25 lakh to the Aapda Rahat Kosh-2023 as a charitable gesture to help the families devastated by the current disaster

Bollywood star Aamir Khan. Photo: PTI

Use of Universal Cartons will be mandatory for sale of apples in terms of weight in Himachal Pradesh from next year, Horticulture Minister Jagat Singh Negi announced in the state assembly on Saturday.
Taking part in a discussion initiated by Congress MLA Kuldeep Singh Rathore, Negi said that the government has already decided that only universal cartons (universal standard of grading) of 24 kg weight would be allowed for sale of apples from the next year and telescopic cartons in which the weight could be increased would be banned.
The government did not ban telescopic cartons this year as the growers had unused cartons and relaxation was given so that they did not suffer any loss, he said, adding that the decision to sell apples by weight was implemented strictly by the government and growers benefitted as one box fetched up to Rs 4,000.
The middlemen (Aartis) were opposing it as it was causing loss to them but the government did not relent and a fine of up to Rs 22 lakh was impose

Prime Minister Justin Trudeau has said that Canada shared with India "many weeks ago" evidence that it may have been behind the killing of Khalistan separatist Hardeep Singh Nijjar on Canadian soil and wants New Delhi to commit constructively with Ottawa to establish the facts in the "very serious matter."
Trudeau, however, did not elaborate on the evidence that he says has been shared with India.
"Canada has shared the credible allegations that I talked about on Monday with India. We did that many weeks ago...We hope that they engage with us so that we can get to the bottom of this very serious matter. That's important," he said on Friday in a press conference with the visiting Ukrainian President Volodymyr Zelenskyy.
"And what we are asking is for India, to commit constructively with Canada to establish the facts on this situation. We're there to work with them. And we have been for weeks now," Trudeau said in response to a question.
When asked about Canada sharing any informatio

Canadian Prime Minister Justin Trudeau. Photo: Shutterstock

The National Metallurgical Laboratory (NML) on Saturday said it has commissioned the first Battery Recycling Pilot Facility of the Council of Scientific and Industrial Research at Jamshedpur to extract critical metals such as Lithium, Nickel, Manganese and Cobalt.
It encompasses 1 Ton per day (TPD) battery dismantling and cathode material separation setup, apart from the integrated large-scale hydrometallurgical facility for extraction and separation of those critical metals, said the NML, a constituent establishment of the CSIR, in a statement.
Batteries contain chemicals and metals and their dumping attracts environmental concerns due to contamination of water and soil.
The facility, set up with the support of CSIR-Bulk Chemical Mission, is able to tackle spent rechargeable batteries belonging to the class of lithium-ion batteries and nickel-based batteries, for process validation and technology transfer under hire-operate-transfer mode.
The technology is currently being validate

Amara Raja looks for new battery technology options

International credit agency Moody's Investors Service has made sweeping assertions against Aadhaar without citing any evidence, the Unique Identification Authority of India (UIDAI) said on Monday.
The UIDAI issued a strong rebuttal to Moody's Investors Service which claimed that the Aadhaar system often results in service denials and the reliability of biometric technologies, especially for manual labourers, in hot and humid climates is questionable.
"A certain investor service has, without citing any evidence or basis, made sweeping assertions against Aadhaar, the most trusted digital ID in the world. Over the last decade, over a billion Indians have expressed their trust in Aadhaar by using it to authenticate themselves over 100 billion times," the UIDAI said in a statement.
The unique id Aadhaar's custodian said that the report in question does not cite either primary or secondary data or research in support of the opinions presented in it.
"The investor service did not make any

Adhaar, UIDAI

The Nijjar murder is fast unfolding into treacherous scenarios that could have tragic consequences for both nations. No one stands to gain from the ongoing face-off

India Canada

India's rage is misplaced and hardly serves to endear the country to those appalled by the idea that it may have had a Canadian citizen killed

The leaders of both countries should encourage bilateral trade and people-to-people exchanges that can help build bridges

Canada has updated travel advisory for its citizens in India asking them to "stay vigilant and exercise caution" in the context of recent developments as there are calls for protests and some "negative sentiment" towards Canada on social media.
Tensions flared between India and Canada following Canadian Prime Minister Justin Trudeau's explosive allegations of a "potential" involvement of Indian agents in the killing of Khalistani extremist Hardeep Singh Nijjar, 45, on his country's soil on June 18 in British Columbia. India had designated Nijjar as a terrorist in 2020.
India angrily rejected the allegations as "absurd" and "motivated" and expelled a senior Canadian diplomat in a tit-for-tat move to Ottawa's expulsion of an Indian official over the case.
"In the context of recent developments in Canada and in India, there are calls for protests and some negative sentiment towards Canada on social media. Please remain vigilant and exercise caution," the Canadian government said in an

The Initial Public Offering (IPO) of Manoj Vaibhav Gems N Jewellers was subscribed 2.25 times on the last day of subscription on Tuesday.
The initial share sale got bids for 2,05,05,627 shares against 91,20,664 shares on offer, as per NSE data.
The portion allotted for non-institutional investors was subscribed 5.18 times while the category for retail individual investors received 1.66 times subscription. The Qualified Institutional Buyers (QIBs) part was subscribed 1.06 times.
The IPO had a fresh issue of up to Rs 210 crore and an offer for sale of up to 2,800,000 equity shares.
The price range for the offer was at Rs 204-215 per share.
The company mopped up Rs 81.05 crore from anchor investors on Thursday.
The company, a regional jewellery brand in South India, has a presence in Andhra Pradesh and Telangana, with 13 showrooms across eight towns and two cities.
The funds raised will be utilised for opening eight new showrooms, inventory for these stores and general corporate ..

The brands being repackaged include the Rs 1,000 crore - Rs 1,500 crore Dabur Amla hair oil and Vatika shampoo in the home and personal care category

Dabur

Nuvama Wealth Management, which got listed on Tuesday as the new combined entity of all the listed firms of the Edelweiss Group, expects assets under management growing by an average of 15-20 per cent through the rest of the current fiscal.
As of June 2023, it manages over Rs 2.5 lakh crore of client assets and has over 2,700 employees across 90 offices worldwide.
"I see the assets under management growing by an average of 15-20 per cent through the rest of the current fiscal ending March. Between March 2023 and June 2023, we added 30,000 crore in our AUM to Rs 2.5 lakh crore," Ashish Kehair, managing director and chief executive of Nuvama Group, told PTI after the listing of the company.
Shares of Nuvama Wealth Management rallied more than 5 per cent to close at Rs 2,564.10 on the BSE with a market value of Rs 9,000 crore.
The Nuvama Group now comprises all the companies of the Edelweiss group founded by Rakshesh Shah in 1993, barring the insurance and mutual fund businesses, and 

Stock market, NSE

The scheduled caste community has also done worse than upper caste respondents

Inflation, Retail, Shopping, Consumer Spending

India needs to increase the share of manufacturing to one-third of its GDP to become a developed economy by 2047, AIMA President Shrinivas Dempo said on Tuesday.
India's per capita Gross Domestic Product (GDP) needs to multiply about 9 times over the next 25 years, Dempo said while speaking at the National Management Convention session of All India Management Association (AIMA) here.
As per the Reserve Bank of India (RBI), the Indian economy needs to grow at an average rate of 7.6 per cent till 2047 to become a developed country, he said.
"To get there, the Indian economy needs a rebalancing by raising the share of manufacturing in its output to about one-third. All this requires an exponentially rising investment in infrastructure, technology, education, skills, health and a major realignment of management and governance," Dempo, the Chairman of Dempo Group of Companies, said.
India is the fifth-largest economy, with a GDP of over USD 3.7 trillion. The share of manufacturing in to

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Manoj Vaibhav IPO subscribed 2.25 times on last day of subscription

We are now trying to reinvent Dabur as Dabur 2.0: CEO Mohit Malhotra

Nuvama Wealth expects AUM growing by 15-20% this fiscal: MD & CEO Kehair

Consumer sentiment lag among other backward class community, shows data

Boosting manufacturing to help India become developed economy: AIMA prez

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