Page 91 - India

Flipkart, PhonePe could be $100 bn businesses in India, says Walmart

Flipkart was valued at more than $40 billion in 2022 and counts itself among India's most valuable startups

India can become sustainable fuel hub by using agri waste: Honeywell

Agricultural waste in India can be used for generating sustainable aviation fuel and make the country a hydrogen hub, a senior official of Honeywell India said on Wednesday. Honeywell India VP and General Manager for UOP and HPS Ashish Gaikwad said the technology is now available in the country that can benefit farmers by procuring agricultural waste from them, which they burn on the field that creates pollution. "It is my personal belief, India has the opportunity to become an energy hub for hydrogen. It can also become a hydrogen hub for SAF (sustainable aviation fuel). India is a large agricultural economy. It can produce a lot of agricultural waste that can become feedstock for producing SAF. Then not only we will produce SAF for our own domestic consumption but we will be able to export it," Gaikwad said. He said that Honeywell is a big proponent of India becoming a hub for SAF. India has committed to net zero carbon emissions by 2070. "Agricultural waste can be utilised for

Reduction in carbon emission due to Central govt's initiatives: Minister

India has witnessed a significant reduction in carbon emissions because of the Narendra Modi government's initiatives, Union Minister Mahendra Nath Pandey said on Wednesday. Under phase-2 of the Faster Adoption and Manufacturing of Electric Vehicles (FAME) scheme launched in 2019, 5.80 lakh two-wheelers, 74,063 electric three-wheelers, 6,784 four wheelers and 3,738 buses have been sold, he said. "Carbon emission in the country saw a 49 crore kg reduction, while over 34 crore litre petrol and diesel was also saved by the special initiatives of the Modi government, said the Minister of Heavy Industries at a press conference at the BJP headquarters. Highlighting the Modi government's achievements, Pandey said, "We have provided funds to the petroleum ministry for setting up 7,432 charging stations for electric vehicles at petrol pumps on highways." In the nine years of the Modi government, Pandey said various reforms were initiated to create a favourable atmosphere for the growth of .

Goldman Sachs sees India holding its own even if China stocks rebound

India has been seen as one of the key beneficiaries as global sentiment toward Chinese equities soured due to a slower-than-expected recovery

India seen as major beneficiary as supply chains migrate from China

"In India we see a tripling of the manufacturing base by 2031 with its share of GDP rising from about 16% to 21% over the same time horizon," the report stated

India's frequent internet shutdowns hurt its most impoverished, says report

Officials often resort to such closures to stem protests, check communal violence, maintain law and order and even to prevent cheating in school and university exams

Indian govt threatened to shut Twitter down, claims Jack Dorsey: Key points

Jack Dorsey, the co-founder of Twitter, claimed that the company had received “many requests” from India to block accounts covering farmers' protests. Watch the video to know more.

Tur, urad, masur: Tracking pulses as India preps for kharif season

Monsoon may see climate phenomenon, but country has enough stocks of chana

India gears up to start mega hydropower project near China border

State-run hydropower company NHPC Ltd. will start trial runs in July for the Subansiri Lower project that runs through the states of Assam and Arunchal Pradesh in the country's north-east

China asks last Indian journalist to leave country amid escalating tensions

China has asked the last Indian journalist to leave Beijing. Watch the video to understand the row over media.

India providing credit line to help economy: Egyptian supply minister

The Middle East's most populous nation is racing to turn around an economy that was heavily exposed to the shock waves of Russia's invasion of Ukraine

G20 development ministers' conclave adopts India-backed action plan on SDGs

An ambitious seven-year action plan put forward by India to accelerate progress on the sustainable development goals (SDGs) by the G20 countries through an inclusive roadmap was on Monday adopted by a conclave of the development ministers of the influential grouping. It also adopted another document that aimed to enhance cooperation and partnerships for sustainable lifestyles to complement climate mitigation. In his address at the conclave, External Affairs Minister S Jaishankar, delving into various challenges, said the prospects for a global economic recovery remains dim amidst supply chain disruptions, prolonged debt crisis and pressures on energy, food and fertiliser security. "As the world struggles with the multiple interlinked crises that have emerged, we have witnessed a painful illustration of that very interlinked nature of the sustainable development goals," he said. "It is in this context that India has put forward an ambitious seven-year action plan for accelerating ..

India, UAE looking at ways to expand trade in value-added gold products

India and the UAE are looking at ways to increase trade in value-added gold and gold products, Commerce and Industry Minister Piyush Goyal said on Monday. A decision in this regard would be announced in due course, he said. He said that the UAE is one of the major suppliers of gold to India after Switzerland, and New Delhi would like to encourage that trade even further with the UAE. India has given certain duty concessions on the import of gold from the UAE under a free trade agreement, officially dubbed as CEPA (Comprehensive Economic Partnership Agreement) and it was implemented on May 1 last year. There were certain issues with regard to operationalising those concessions which have been sorted out now, he said. India has given customs duty concessions on imports of gold for up to 200 tonnes per year from the UAE. The import duty in general on gold is 15 per cent. Now this year, India hopes the UAE exporters would be able to ship the specified quantity of gold under the agree

'Decade of emerging markets' may be about to regain traction as rates peak

Developing-nation assets stand to finally take off in the second half, they say, as long as global interest rates peak, Chinese authorities prop up growth

India has right vision for aviation sector, needs caution with taxes: IATA

India has the right vision and well-timed strategy for the aviation sector, especially with good economic growth and high population, but it should also be ensured that the positive impact is not curtailed by too many taxes, according to IATA. Marie Owens Thomsen, the Chief Economist at the International Air Transport Association (IATA), also said that she is not in favour of any kind of duopoly in the airline industry and emphasised the importance of healthy competition as well as participants being resilient. She shared her views on competition in response to a question from PTI on the possibility of duopoly in the fast growing Indian airlines market. While the domestic traffic is on the rise, the airlines segment is facing headwinds with Go First suspending operations and SpiceJet grappling with various issues, while IndiGo and Air India group are expanding their presence. Akasa Air, which is on a steady path, is less than a year old. "I am an economist and obviously, I am not .

Proud to serve nation marching forward with undeterred resolve: PM Modi

Prime Minister Narendra Modi on Sunday said he is proud to serve a nation that is marching forward with undeterred resolve and asserted that every stride the country takes is a testament to the strength and spirit of the people. The prime minister's remarks on Twitter with the hashtag '9YearsOfIndiaFirst' come amidst BJP organising various programmes across the country as part of a mega public outreach to mark nine years of the Modi government. "Proud to serve a nation that's marching forward with undeterred resolve. From multilateral platforms to Aatmanirbhar Bharat to 'Make in India', every stride is a testament to the strength and spirit of our people," Modi said in a tweet. The prime minister also shared a write-up on his government following a nation first approach and prioritising national security.

India logs 142 new Covid-19 infections, active cases decrease to 2,450

India has recorded 140 new coronavirus infections, while the active cases have dipped to 2,450, according to the Union Health Ministry data updated on Sunday. The death toll has climbed to 5,31,891 with three deaths which includes one reconciled by Kerala, the data updated at 8 am stated. The Covid case tally was recorded at 4.49 crore (4,49,92,788). The active cases now comprise 0.01 per cent of the total infections and the national COVID-19 recovery rate has been recorded at 98.81 per cent, the ministry said. The number of people who have recuperated from the disease surged to 4,44,58,447 and the case fatality rate was recorded at 1.18 per cent. According to the ministry's website, 220.66 crore doses of Covid vaccine have been administered in the country so far under the nationwide vaccination drive.

India, US 'model' for strategic partners to work together: USISPF Chairman

Prime Minister Narendra Modi's state visit to the US is a major milestone for the bilateral ties, the chairman of a leading India-US advocacy group has said, underling that New Delhi and Washington will be the model" for how two strategic partners can work together across sectors. Prime Minister Modi is visiting the US from June 21-24 at the invitation of US President Biden and First Lady Jill Biden. I think it's a major milestone for the future. I've always been the biggest bull on India and the future of India and what economically can be accomplished by India's leadership on the global stage, US-India Strategic Partnership Forum (USISPF) Chairman John Chambers told PTI in an exclusive interview. Chambers, the Chairman Emeritus at Cisco and founder of JC2 Ventures, underlined the potential of the US and India to be the "most strategic partnership in the world. This partnership will positively impact not only businesses between the two countries but jobs as well in each of the 28

India logs 186 fresh Covid-19 cases, active infections decrease to 2,501

India saw a single-day rise of 186 coronavirus infections, while the active cases have decreased to 2,501, according to Union health ministry data updated on Saturday. The death toll has remained at 5,31,888, the data updated at 8 am stated. The total tally of Covid cases is 4.49 crore (4,49,92,648) and the active cases now comprise 0.01 per cent of the total infections, it stated. The national Covid recovery rate has been recorded at 98.81 per cent, according to the health ministry website. The number of people who have recuperated from the disease has increased to 4,44,58,259, while the case fatality rate has been recorded at 1.18 per cent. According to the ministry's website, 220.66 crore doses of Covid vaccine have been administered in the country so far.

India is open to negotiate trade agreement with Africa: Piyush Goyal

India has expressed interest in negotiating a free trade agreement (FTA) with Africa with an aim to boost economic ties between the two regions. This was stated by commerce and industry Minister Piyush Goyal during his interaction with fifteen ambassadors from several countries of the Africa region here on Thursday. "India is open to FTA negotiations bilaterally or individually with African countries or Africa as a whole," he said. India would act as a trusted partner to expand trade, commerce, business, investment and opportunities with Africa, he said. In such agreements, two or more trading partners either significantly reduce or eliminate customs duties on maximum number of goods traded between them. Besides, they ease norms for promoting trade in services and attract investments. The 15 ambassadors are from countries, including Algeria, Botswana, Egypt, Ghana, Republic of Guinea, Kenya, Malawi, Mozambique, Morocco, Rwanda, South Africa, Tanzania, Togo, Uganda and Zimbabwe. T