Page 85 - India

Cement industry production to grow 7-8%: Icra gives 'stable' outlook

The domestic cement industry is expected to have a volumetric growth of 7-8 per cent in FY24, helped by a rise in demand from the housing and infrastructure sector, a report by ICRA said on Monday, giving a 'stable' outlook for the sector. Besides, the softening of input costs would help the cement industry to improve its operating profits before interest, tax, depreciation and amortisation by 14-18 per cent Year-on-Year (YoY) to Rs 900-950 per MT in FY24, it added. Moreover, supported by healthy demand prospects, the capacity addition in the cement industry is estimated at 63-69 million metric tonnes (MT) between FY24 and FY25. In this, a capacity worth around 33-36 million MT will be added in FY24 and around 30-33 million MT in FY25. "The cement capacity is expected to rise by 6 per cent in FY2024, the highest addition in the last five years," it said. ICRA has given a "stable" outlook for the cement sector. Steady demand from the housing and infrastructure sectors along with a

India key to expansion, focus on localisation here: US-based First Solar

PLI scheme winner says working with local players to develop supply chain of parts in India

The PLI scheme is beginning to make India a manufacturing powerhouse

However, the industry must remember that the PLI scheme is for five years only, and it must use these five years to make Indian manufacturing globally competitive

India state fuel retailers' gasoil, gasoline sales flat in June: Report

Monsoon rains also reduce demand from the agriculture sector as less irrigation-related requirements decrease

Pakistan to send security delegation to India for inspecting ODI WC venues

Pakistan is set to send a security delegation to India for inspecting the venues before giving clearance for the national team's travel to the neighbouring country for this year's ICC ODI World Cup. An official source in the Inter-Provincial Coordination (Sports) Ministry said that the government, including the foreign and interior ministry would decide when to send the security delegation to India once the new chairman of the Pakistan Cricket Board was elected after the Eid holidays. "The security delegation will go with representation from the PCB to inspect the venues where Pakistan will play and also the security and other arrangements made for them in the World Cup," he said. He said the delegation would visit Chennai, Bengaluru, Hyderabad, Kolkata and Ahmedabad, the venue for the marque India-Pakistan match on October 15. "Before any tour to India it is standard practice for the cricket board to seek permission from the government which normally sends a delegation to India,"

If world has to progress, then Indian way is the way forward: MoS Lekhi

The exhibition inaugurated by Lekhi on Friday, showcases banknotes of G-20 Member Nations depicting UNESCO-listed World Heritage Sites

Jinping will attend virtual SCO summit hosted by India: Chinese FM

Chinese President Xi Jinping will attend next week's virtual summit of the Shanghai Cooperation Organisation (SCO) being hosted by India, it was announced here on Friday. At the invitation of Prime Minister Narendra Modi, President Xi will attend via video conference in Beijing, the 23rd meeting of the Council of Heads meeting of the SCO on July 4 and deliver important remarks, Chinese Foreign Ministry spokesperson Hua Chunying said in a brief press release. This is the first official announcement about Xi's participation in the SCO summit being hosted by India. Later answering a question at a media briefing on Xi's participation, another Chinese Foreign Ministry spokesperson, Mao Ning said besides delivering important remarks, the Chinese President together with other participating leaders, chart the course for the future growth of the organisation. "With the concerted efforts of all sides, the SCO will achieve greater progress and boost development and prosperity in regional ...

India beat Iran to defend men's Asian Kabaddi Championships title in Busan

The Indian men's kabaddi team beat Iran 42-32 in a high-voltage final to defend its Asian Championships title, here on Friday. It was India's eighth title in the continental championships. Iran started aggressively, but the Indians were up to their tasks. Captain Pawan Sehrawat helped India inflict the first All-Out with two touch points and gave his side a 10-4 lead. India kept building pressure on the Iranians and produced another All-Out. India were leading 23-11 at half time. Iranian all-rounder Mohammadreza Chiyaneh tried to lead his side make a comeback but they ended up conceding another All-Out to trail 14-33. India maintained their stranglehold and sealed the issue. "With the score of 42-32 in the final match against Iran, Team India retains the Asian Kabaddi Championship Title! Kudos to the entire team. Well played boys," the Sports Authority of India tweeted. India had beaten arch-rivals Pakistan in the final in the last edition held in Iran in 2017.

YWCA Delhi likely to file appeal against cancellation of FCRA licence

YWCA-Delhi's FCRA license was cancelled by the home ministry. However, YWCA, India's FCRA licence was renewed for five years till 2028

CWC 2023 venues to get upgrades: Red soil pitches, new outfield, and more

Delhi's Arun Jaitley Stadium will be refurbishing its seating and washrooms along with upgrading the ticketing software

Xi Jinping to attend virtual SCO summit hosted by India: Chinese official

Chinese President Xi Jinping will attend next week's virtual summit of the Shanghai Cooperation Organisation (SCO) being hosted by India, an official announcement here said on Friday. At the invitation of Prime Minister Narendra Modi, President Xi will attend via video conference in Beijing, the 23rd meeting of the Council of Heads meeting of the SCO on July 4 and deliver important remarks, Chinese Foreign Ministry spokesperson Hua Chunying said in a brief press release. This is the first official announcement about Xi's participation in the SCO summit being hosted by India. The SCO is an influential economic and security bloc and has emerged as one of the largest transregional international organisations. The SCO was founded at a summit in Shanghai in 2001 by the presidents of Russia, China, the Kyrgyz Republic, Kazakhstan, Tajikistan and Uzbekistan. India and Pakistan became its permanent members in 2017. India holds the rotating Presidency of the organisation this year. Ahead

Top headlines: TCS takes serious view of ethics breach, BRICS expansion

Business Standard brings you the top headlines at this hour

India, Tanzania agree on five-year roadmap for defence cooperation

India and Tanzania have finalised a five-year roadmap to expand overall bilateral defence cooperation including in areas of infrastructure building and collaboration in military equipment and technology. Both sides agreed on the roadmap at the second edition of India-Tanzania Joint Defence Cooperation Committee (JDCC) meeting that was held in Arusha on June 28 and 29. "During the meeting, the two sides discussed a wide range of opportunities for collaboration with a view to enhancing security in the Indian Ocean Region," the defence ministry said. It said the Indian delegation highlighted the growing prowess of the Indian defence manufacturing to export to friendly countries. "A five-year roadmap for defence cooperation was also agreed to between the two sides, which covers initiatives ranging from customised training and capacity building to maritime cooperation, infrastructure building and collaboration in defence equipment and technology," the ministry said in a ...

India trade talks discussing business travel, not broader immigration: UK

Britain will discuss temporary business visas as part of Free Trade Agreement talks with India but any deal will not contain broader immigration commitments, trade minister Kemi Badenoch said

Avg cost offered by US for MQ-9B drones 27% less for India: Report

A senior government functionary claimed on Thursday that the average estimated cost of MQ-9B long endurance drones for India would be 27 per cent lower than the price incurred by other countries which have bought it from the US, asserting that it will most likely go further down during negotiations unless India seeks additional features. He also categorically underlined that so far negotiations on the pricing issue have not begun as the latest official development towards the proposed acquisition of 31 of these drones has been the "acceptance of necessity" accorded by the Defence Acquisition Council, which happened on June 15. The pricing issue is not part of this, he added. The indicative cost of the drones made by the US government is USD 3,072 million. This works out to be USD 99 million for each drone, he said, adding that it cost the UAE, one of the few countries to have it, USD 161 million a piece. The MQ-9B India is looking to acquire is comparable with the UAE's but with a .

PM Modi to chair meeting with cabinet ministers amid talk of reshuffle

PM Modi had held in-depth discussions with Union Home Minister Amit Shah, BJP President JP Nadda, and other key party leaders on Wednesday

Procter - Gamble India to invest $244 mn to set up manufacturing facility

BENGALURU (Reuters) - Procter & Gamble India said it would invest 20 billion rupees ($243.79 million) to set up a personal healthcare manufacturing facility in the western state of Gujarat.

State-owned firm KABIL to sign pact with Argentina to secure lithium blocks

KABIL, short for Khanij Bidesh India Ltd, was formed in August 2019 to identify, acquire, develop and process strategic minerals overseas for use in India

Pak should break addiction to IMF bailouts, use crisis as an opportunity

The IMF's bailout package - the 23rd for Pakistan since its independence in 1947 - was suspended in November 2022 because the government had not acted on the IMF's conditions for the loan

India removed from UNSG report on impact of armed conflict on children

UN Secretary-General Antonio Guterres has removed India from his annual report on the impact of armed conflict on children, citing "measures taken by the government to better protect" them. Guterres said in his report last year, he had welcomed the engagement of the Indian government with his special representative and noted that it might lead to the removal of India as a situation of concern. In his 2023 report on Children and Armed Conflict, the UN chief said, "In view of the measures taken by the government to better protect children, India has been removed from the report in 2023." Guterres highlighted the technical mission of the office of his special representative in July 2022 to identify areas of cooperation for child protection, and the workshop on strengthening child protection held in Jammu and Kashmir last November by the government, with the participation of the United Nations. In his latest report, he also called upon India to implement the remaining measures identifi