Commerce ministry seeking views of ministries, NITI on draft bills on 5 cash crops
India's commerce ministry has circulated notes to seek views from government think tank Niti Aayog on draft bills pertaining to five cash crops, namely tea, coffee, spices, rubber and tobacco. The ministry aims to boost their growth and foster a conducive environment for businesses by decriminalising minor offences. They plan to take the comments of the think tank and other ministries, and in due course seek the Union Cabinet's approval on the list of Spices (Promotion and Development), Rubber (Promotion and Development), Coffee (Promotion and Development), Tea (Promotion and Development) and Tobacco Board (Amendment) bills. Key Points
Economic TimesL&T power distribution business secures orders worth Rs 1,000-2,500 cr
New Delhi [India], April 25 (ANI): The power transmission and distribution business of Larsen and Toubro (L&T) Construction has secured “significant” orders in India and overseas. According to a company statement, a significant project means those costing between Rs 1,000 crore and Rs 2,500 crore. It has secured orders to develop distribution infrastructure in two […] Key Points
ThePrintIndia to help Bhutan develop Gelephu airport
The proposed Special Administrative Region in Gelephu could reshape Bhutan’s economic landscape and it will have autonomy and legal independence to secure investments and develop the 1,000 sq. km project. Key Points
mintIf you experience severe itching after running, you may be suffering from this ‘uncommon condition’
The hives might appear like large, raised bumps on the skin, and can occur on any part of the body. They can also look like red spots, blotches or blisters. Key Points
The Indian ExpressEnergy storage firm Nhoa considers partnership for EV charging unit
Energy storage and e-mobility firm Nhoa (NHOA.PA) is considering teaming up with a partner to develop Atlante, its fast-charging network for electric vehicles (EV) in southern Europe, the Milan-based group said on Wednesday. Key Points
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Microsoft-backed AI4Bharat set to raise $12 mln funding from Peak XV, Lightspeed - sources
AI4Bharat, a start-up backed by Microsoft (MSFT.O), is raising $12 million from venture capital firms Peak XV and Lightspeed Venture to develop artificial intelligence-powered chatbots for Indian languages, according to three people familiar with the matter. Key Points
ReutersNamaste to India, greets Robot deployed at G7 Summit in Hiroshima
Japan's advanced technology and love for robots are not unheard of; the same was seen at the International Media Centre as Robot was saying Namaste to India . I want Indian people to come to Japan and know about the Japanese culture, Robot said. Key Points
Economic TimesCasagrand forays into commercial real estate sector
Chennai-based Casagrand group of companies announced its foray into the commercial real estate segment to develop 10 million sq. ft of leasable areas in Chennai, Bengaluru and Hyderabad by 2027. Key Points
The HinduBack pain starts when you're young: All about the condition that triggers it
People typically develop Ankylosing Spondylitis (AS) between the ages of 17 and 45. Therefore, it is known as a "youngster’s disease." Key Points
India TodayBudget 2024: Exporters body seeks global shipping line, extension of manufacturing sop till 2027
The Federation of Indian Export Organisations (FIEO) has urged the government to develop a global shipping line in partnership with the private sector and provide tax incentives for research and marketing activities in the upcoming Budget. It also suggests extending the sunset date for commencing manufacturing and increasing weighted tax deductions for R&D. Key Points
Economic Times
develop Lakshadweep but only for eco-friendly tourism
Its potential as a holiday spot has got much of India talking after PM Modi’s recent visit, but it’s vital that its exploitation is an eco-friendly project right from the start. An island of the Maldives that became a garbage dump offers us an example of what not to do. Key Points
mintAltimmune open to partnerships, deals with drugmakers, says CEO
Weight-loss drug developer Altimmune (ALT.O) is open to deals and collaborations with large drugmakers as it actively looks for partners to launch and develop its experimental obesity drug, CEO Vipin Garg told Reuters on Tuesday. Key Points
ReutersONDC launches 'Build for Bharat' initiative to tackle challenges in digital commerce space
New Delhi [India], December 4 (ANI): The Open Network for Digital Commerce (ONDC), in collaboration with Google Cloud India, Antler in India, Paytm, Protean and Startup India, announced an initiative called ‘Build for Bharat’. The initiative aims to tackle diverse challenges in digital commerce, promoting industry innovation to develop practical solutions in this space. Show […] Key Points
ThePrintGeely, Renault strike deal to develop gasoline engines, hybrid technology
China's Geely Automobile Holdings (0175.HK) and French car maker Renault SA (RENA.PA) on Tuesday said they will invest up to 7 billion euros ($7.71 billion) in a new equally held joint venture to develop gasoline engines and hybrid technology for automobiles. Key Points
ReutersOpenAI may leave the EU if regulations bite – CEO
The EU is working on what could be the first set of rules globally to govern AI. As part of the draft, companies deploying generative AI tools, such as ChatGPT, will have to disclose any copyrighted material used to develop their systems. Key Points
The Indian Express
Hyundai Motor India to invest Rs 20,000 crore in Tamil Nadu to develop EV ecosystem
Hyundai will setup a 1.78 lakh unit battery assembly plant, install 100 EV charging stations and also increase its IC-vehicle production. Key Points
FinancialexpressIn talks with industry players for development of economically viable electric highways: Nitin Gadkari
Union minister Nitin Gadkari on Wednesday said he is in discussion with industry players on development of economically viable electric highways. The minister for road transport and highways highlighted the need to develop import substitute cost-effective, pollution-free and indigenous technology , asserting that sustainable development is the ultimate goal. Key Points
Economic Times