Page 183 - India

Taiwanese fab major PSMC looking to set up semiconductor plant in India

PSMC is one among several global fab companies interested in taking advantage of the government's incentives to set up semiconductor units in the country.

India to become world's number one producer of steel: Jyotiraditya Scindia

Union Minister Jyotiraditya M Scindia on Tuesday exuded confidence that India will become the number one producer of steel in the world in the days to come. India is the world's second largest producer of crude steel after China. The minister was speaking during a conference on Indian minerals and metals industry organised by NMDC and Ficci. He was of the view that India has moved from becoming the net importer of steel to the net exporter of steel. He said India's per capita consumption of steel has increased from 57.8 kg in 2013-14 to 78 kg. The government intends to achieve 300 million tonne (MT) of steel production target by 2030, Scindia said. Steel across the world is the primary sector which results in economic, capital and infrastructure growth. "Our target policy and focus also has been to turn India from just another player in the steel sector to becoming a force to reckon with," he added.

India's crude oil production falls 3.8% to 2.45 MT in July: Govt data

India's crude oil production fell 3.8 per cent in July on lower output from fields operated by state-owned ONGC and private sector firms, government data released on Tuesday showed. Production of crude oil, which is refined to produce fuels such as petrol and diesel, fell to 2.45 million tonnes in July from 2.54 million tonnes a year back. The output was lower than the monthly target of 2.59 million tonnes, the data released by the Ministry of Petroleum and Natural Gas showed. Oil and Natural Gas Corporation (ONGC) produced 1.7 per cent less oil at 1.63 million tonnes on lower output from western offshore. Fields operated by private firms saw a 12.34 per cent decline in production. But the oil production during the first four months of the current fiscal that began on April 1 was only marginally lower at 9.91 million tonnes as opposed to 9.96 million tonnes during April-July 2021. Oil Minister Hardeep Singh Puri on August 4 tweeted that the declining trend in crude oil production

Ford confirms laying off 3,000 employees as company's focus on EV sharpens

The US-based car maker Ford Motor has reportedly confirmed that it is laying off roughly 3,000 employees and contract workers, with the cuts primarily affecting staff in the US, Canada and India

India warns UN may face oblivion without reforms to make it relevant

India has been pushing for reforming the Council and staked a claim to a permanent seat in the restructured body

5G smartphone searches up two times on Flipkart in first half of 2022

According to platform sales trends, the demand for 5G smartphones in the Rs 10,000-15,000 has seen nearly a four times growth in the first half of 2022 as against the same period last year

India, Iran sign bilateral seafarer pact amid Chabahar Port talks

India and Iran on Monday signed a memorandum of understanding (MoU) mutually recognising certificates of competency in unlimited voyages of seafarers from both the nations.

15 Chinese nationals staying illegally in India detained by UP police

Fifteen Chinese nationals, including a woman, staying without valid visas in Uttar Pradesh's Gautam Buddh Nagar were detained on Monday by the local police, officials said. The Gautam Buddh Nagar police commissionerate had launched an intensive campaign for verification of foreigners living in the district, adjoining Delhi, in the wake of the arrest in June of a Chinese national who was staying illegally in Greater Noida. He is under investigation for suspected hawala links. "As part of the verification campaign, 15 Chinese nationals staying illegally in Gautam Buddh Nagar were detained by the Local Intelligence Unit with support of local police on Monday. They are being sent to the detention centre in Delhi and will be subsequently deported to their country," the police said in a statement.

India hands over 21,000 tonnes of urea to economic crisis-hit Sri Lanka

India on Monday handed over 21,000 tonnes of fertiliser to Sri Lanka under a special support programme which will help farmers in this country and help bolster bilateral cooperation for food security, the second such assistance in recent months to the crisis-hit island nation. "Adding to the fragrance of friendship and cooperation. High Commissioner (Gopal Baglay) formally handed over 21,000 tonnes of fertiliser supplied under India's special support to the people of Sri Lanka," the Indian High Commission said in a tweet. This follows 44,000 tonnes supplied last month under Indian support totalling about USD 4bn in 2022," it said. "The fertiliser will contribute to food security and support the farmers of Sri Lanka. It demonstrates benefits to the people from close ties with #India and mutual trust and goodwill between #India and #lanka," the mission tweeted. In May, India assured Sri Lanka to immediately supply 65,000 metric tonnes of urea to avoid any disruption to the current Y

Egypt's deal to buy Indian wheat at $400 per tonne stands, says minister

Egypt contracted to buy the 180,000 tonnes of wheat from India in June.

Russia detains IS suicide bomber plotting terrorist attack in India

Russian Federal Security Service said that its officers had detained a suicide bomber, a member of Islamic State terrorist group, plotting a terrorist attack against one of India's leadership elite

Three trends suggest India is adding short to its video-first market

Three trends are making short video apps the YouTube of internet

India delivers fresh batch of medical supplies to Afghanistan as aid: MEA

India on Saturday supplied a fresh batch of medical supplies to Afghanistan as part of its humanitarian assistance. The consignments of medical aid were handed over to the Indira Gandhi hospital in Kabul. "Today, India supplied the 10th batch of medical assistance as part of India's ongoing humanitarian assistance," the Ministry of External Affairs (MEA) said. In view of the urgent appeals made by the United Nations to assist the Afghan people, India has, so far, supplied 32 tons of medical assistance in 10 batches. The supplies included essential life-saving medicines, anti-TB medicines, 500,000 doses of COVID-19 vaccines etc. "These medical consignments have been handed over to the World Health Organization (WHO) and Indira Gandhi Children Hospital, Kabul," the MEA said. India has been pitching for providing unimpeded humanitarian aid to Afghanistan to address the unfolding humanitarian crisis in the country. India has been in touch with several leading powers on the situation

Japan's Lixil Corporation aims Rs 1,000 cr sales from India in next 3 years

Japan-based building materials and housing equipment maker Lixil Corporation is aiming Rs 1,000 crore worth sales in India in the next three years, a company official said on Saturday. Lixil operates in India through its brands Grohe and American Standard. For Lixil, India is one of the fastest growing markets in the India-Pacific region following Japan, the US and China and it would continue to invest here for expansion, said Lixil Water Technology - India & Subcontinent Leader Bobby Joseph. "A lot of investment is coming, what we believe is for next 5 years and 10 years, ahead of time. It (India) is among the top four markets, where Lixil is investing," Joseph told PTI. India has the potential to be one of the largest markets, he added. Lixil is working on a long-term strategy for the Indian market, where it operates with brands Grohe in the luxury and premium bathroom fitting segment and American Standard in the comparatively smaller side, Joseph added. For financial year ende

Sri Lanka aiming 1 mn tourists this year, especially from India: Minister

Sri Lanka's Tourism Minister Harin Fernando on Saturday said as things get back to normal after the recent political crisis in the island nation, the government aims to receive at least 10 lakh tourists this year, mostly from India. Fernando, who was in Ahmedabad to promote tourism in the island nation, said religious and cultural tourism between Sri Lanka and India "will make a lot of sense". "There are a lot of commonalities we can find with India, and we think the next year will be mostly dedicated to India," Fernando told reporters. Sri Lanka has already logged five lakh tourists for the current year, and hopes to end the year with 10 lakh tourists, mostly from India, the minister said. He further said 2018 was the best for the country when around 23 lakh tourists visited and generated a revenue of $4-5 billion for the country, he said. "We have $900 million coming from the tourism sector (so far this year), and are hoping that by the end of the year we might reach about $2 ..

AstraZeneca India gets DCGI approval to market drug treating breast cancer

Drug firm AstraZeneca India on Friday said it has received an approval from the Drugs Controller General of India to market its drug for the treatment of breast cancer. The Drugs Controller General of India (DCGI) has approved Lynparza (Olaparib) as a monotherapy for the treatment of adult patients with early breast cancer, who have previously been treated with neoadjuvant or adjuvant chemotherapy. The approval was based on results from the OlympiA Phase III trial, which suggested that Olaparib demonstrated a statistically significant and clinically meaningful improvement, with an overall survival benefit, AstraZeneca India said in a statement. With the DCGI's nod, Lynparza is now approved in the US, EU, Japan, India and several other countries for the treatment of early-stage breast cancer, it added. Currently, Lynparza is the first and only approved medicine targeting BRCA (Breast Cancer gene) mutations in early-stage breast cancer. "The regulatory approval of Lynparza...reinfor

Scotland museum signs deal to return 7 ancient stolen artefacts to India

Museums in the Scottish city of Glasgow on Friday signed an agreement with the Indian government to repatriate seven stolen artefacts to India. Glasgow Life, a charitable organisation which runs the city's museums, had confirmed the handover earlier this year and the arrangement was formalised at a transfer of ownership ceremony at the Kelvingrove Art Gallery and Museum in the presence of Acting Indian High Commissioner to the UK Sujit Ghosh. The seven antiquities to now find their way back to India include a ceremonial Indo-Persian talwar or sword, believed to date back to the 14th century, and an 11th century carved stone door jamb taken from a temple in Kanpur. We are delighted that our partnership with Glasgow Life has resulted in a decision to restitute Indian artefacts from Glasgow museums to India, said Ghosh. These artefacts are an integral part of our civilisational heritage and will now be sent back home. We express our appreciation to all the stakeholders who made this .

India better placed on growth-inflation-external balance triangle: FinMin

India is better placed on the growth-inflation-external balance triangle for 2022-23 than it was two months ago, on the back of government policy response and the Reserve Bank's monetary policy actions, the finance ministry's monthly economic review said on Friday. On the price situation, the review said in absence of any further shocks, the downward movement of global commodity prices along with the RBI's monetary measures and the government's fiscal policies are expected to cap inflationary pressures in the coming months. Softening of inflationary pressures in India is further on the anvil as the prices of important raw materials such as iron ore, copper and tin that feed into the domestic manufacturing process, globally trended downwards in July 2022, it noted. Headline retail inflation eased to 6.7 per cent in July 2022 from 7.01 per cent in the previous month. Despite global headwinds, the IMF forecasts India's economy to grow at a robust rate of 7.4 per cent in 2022-23, the .

India will be superpower if PM Modi's 5 resolves are kept in mind: UP CM

Uttar Pradesh Chief Minister Yogi Adityanath on Friday urged people to fulfil their duties keeping in mind the five resolves mentioned by Prime Minister Narendra Modi in his Independence Day speech. In his Independence Day address to the nation from the ramparts of the Red Fort, Modi urged citizens to focus their energies on five resolutions -- to turn India into a developed nation, remove every trace of bondage, take pride in its heritage, unity and integrity, and fulfil their duties to achieve the dreams of freedom fighters by 2047. "Prime Minister Modi on August 15 gave five resolves to the people. If every person moves on the path of duty keeping in mind the five resolves, then India will definitely become a superpower. In the days to come, India will lead the world," the Uttar Pradesh chief minister said at a public meeting here on the occasion of Ballia Balidan Diwas. About the occasion, Adityanath said, "It is said Ballia gives no importance to discipline. But, the discipline

New era for overseas trade as Indian cargo moves via Bangladesh ports

The successful completion of a trial run for trans-shipment of cargo movement from Kolkata to the northeast through Mongla port in Bangladesh marks a new era in connectivity for New Delhi and Dhaka.