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News stories about "facility" in India.

Posted on: 14 Mar, 10:23 AM

Digi Yatra facility to be launched at six more airports in August

Digi Yatra facility will be launched at six more airports namely Mumbai, Ahmedabad, Kochi, Lucknow, Jaipur, and Guwahati airports in the month of August 2023. The implementation and installation of Digi Yatra infrastructure at these airports will take place in a phased manner, the civil aviation ministry said in a release. Key Points

Snapdeal boss Kunal Bahl gives shout-out to self-baggage drop facility at Delhi's T3, Paytm founder Vijay

Delhi International Airport Limited (DIAL) has introduced a self-baggage drop facility at Terminal 3 to enhance efficiency and reduce waiting time for passengers. The facility can cater to up to three passengers per minute and is currently available for domestic travellers, with international travellers gaining access after necessary approvals. Key Points

Russian missile strikes Ukraine's Odesa, falling debris trigger two fires in Kyiv

One person died in an early morning Russian missile strike on an industrial facility in the southern Ukrainian city of Odesa. Falling debris during an air raid on Thursday triggered two fires in a non-residential building in Kyiv. Key Points

National Technology Day: PM to virtually lay LIGO foundation stone today

The LIGO facility, which involves the construction of two 4-km long vacuum chambers in L-shape along with other structures, would come up at nearly 600 acres of land in Hingoli district, about 450 km east of Mumbai. The facility is set to become operational by 2030. Key Points

The Indian Express

U.S.FDA observation for Dr. Reddy’s unit

Dr. Reddy’s Laboratories has been issued a Form 483 with one observation by the United States Food and Drug Administration following an inspection of the company’s active pharmaceutical ingredient (API) manufacturing facility in Bollaram, Hyderabad. Key Points

NSE withdraws ‘Do Not Exercise’ facility for stock options. Here's how this affects retail traders

The 'Do Not Exercise' facility allows a trader to instruct the broker if he/she does not wish to exercise the right to give or receive deliveries. This facility prevents the risks around the physical settlement and allows brokers against exercising a ‘close to money option strikes on behalf of clients. Key Points

Animals from Katraj Rescue are likely to shift in the TTC centre

Forest Department plans to shift wild animals from Rajiv Gandhi Zoological Park's rescue center to newly inaugurated Transit Treatment Centre in Bavdhan. Investigation reports highlighted mistreatment and lack of information about animals at the rescue center. Decision on NGO to run the new facility expected in August. Key Points

Hindustan Times

India's Epsilon Advanced Materials expects US plant to start by 2026

Epsilon Advanced Materials, an Indian battery materials company, expects to start commercial production at its first U.S. facility by 2026, a top company official said. Key Points

Thieves stole $30 million in cash: This Los Angeles heist sounds like it came from a thriller novel

The operators of the business did not discover the massive theft until they opened the vault. Thieves got away with $30 million in cash from a money storage... Key Points

The Tribune India

Fusion CX forays into the South Indian market with a new facility in TN

Chennai, Mar 20 (PTI) Business process management company Fusion CX has inaugurated its new facility here bolstering its growth plans besides generating employment opportunities in the region, the company said on Wednesday. The facility, spread across 12,000 sq ft in Ambattur, here would be able to accommodate 650 employees in two shifts. It also marks […] Key Points

Gland Pharma share price rise 6% after USFDA completes inspection of Hyderabad facility

Gland Pharma share price witnessed a 6.5% surge on Friday following the company's announcement that the United States Food and Drug Administration (USFDA) had successfully concluded its inspection of the Pashamylaram facility in Hyderabad. Key Points

Saab begins construction of Carl Gustaf facility in Haryana via India’s first 100% FDI in defence

According to plan, Saab aims to start production of Carl Gustaf M4 anti-tank weapon system sometime in 2025 from new facility in Jhajjar that will be spread over 3.5 acres. Key Points

'Ready-to-eat market in India may grow 45% in 5 years'

SATS Food Solutions taps into India's growing ready-to-eat market potential with a focus on automation and IoT at its Bengaluru facility. The company aims to maintain taste consistency and develop new recipes through chef involvement. Key Points

Aurobindo Pharma may take a $20-million hit this quarter

The company said it is planning to resume manufacturing operations in a phased manner starting with non-aseptic lines. The US regulatory agency issued Form 483 with 9 observations against the facility at the conclusion of the inspection on February 2. The company, as an abundant caution , put on hold manufacturing at certain lines. Key Points

NPCI set to launch Asba-like facility for secondary market from January

This facility is similar to Asba (applications supported by blocked amount), used for blocking funds and undertaking multiple debits, popular among investors to purchase shares during the IPO process. It will now be available for secondary market trading as well. Key Points

Italian firm Bonfiglioli invests Rs 100 crore in Pune facility

Mumbai, Nov 28 (PTI) The power transmission sector-focused Italian company Bonfiglioli Riduttori S.p.A on Tuesday said it has invested Rs 100 crore to build an assembly facility in Pune. The company’s Indian unit called Bonfiglioli Transmissions, which has invested in the assembly line spread over 42,500 square metres, said it is aiming to grow its […] Key Points

Pegatron says iPhone assembly resumes at Indian factory after fire

Pegatron (4938.TW) has resumed production at its contract facility for Apple (AAPL.O) in southern India after a shutdown over the weekend due to a fire, the company said on Wednesday. Key Points

PepsiCo India to invest Rs 1,266 crore to set up flavour manufacturing facility in Madhya Pradesh

PepsiCo India has planned to invest Rs 1,266 crore in setting up a flavour manufacturing facility in Ujjain, Madhya Pradesh, to expand its beverage production. The plant, scheduled to be operational by early 2026, aims to boost employment and benefit the local economy. The facility will operate on renewable energy, reducing carbon footprint significantly, and prioritize water efficiency with zero liquid discharge technology. Key Points

Intel, Micron spending spree shows chip diplomacy bearing fruit

Intel Chief Executive Officer Pat Gelsinger flew to Wroclaw, Poland, to announce a new $4.6 billion chip facility in the 1,000-year-old university town, marking a record US investment in the country. Micron is close to an agreement to commit at least $1 billion toward setting up a semiconductor packaging factory in India, people familiar with the matter said. Key Points

Air India & Tata Advanced Systems to invest Rs 2,300 cr in Karnataka

Air India and Tata Advanced Systems are set to invest Rs 2,300 crore in Karnataka, potentially creating 1,650 jobs. Air India plans to establish a maintenance, repair & overhaul (MRO) facility in Bengaluru with a Rs 1,300 crore investment, aiming to make it the MRO hub in south India, generating 1,200 jobs. Tata Advanced Systems proposes three projects with a total investment of Rs 1,030 crore Key Points

Param Desai’s 4 top picks in largecap and midcap pharma

“We believe that Ciplas Pithampur facility was inspected in February and post that, they got an OAI in August and post that, it has escalated to a warning letter. We believe that it is unlikely that this will escalate further to import alerts, though this may take some time to resolve.” Key Points

Saab commences construction of plant for production of new Carl-Gustaf weapon systems in India

Saab to produce Carl-Gustaf M4 weapon systems in Haryana, India starting next year. The company received approval for 100% FDI for the project in October. Construction of the 3.6-acre facility in Jhajjar has begun. This is Saab's first manufacturing unit for Carl-Gustaf M4 outside Sweden. The facility will employ around 100 people and will fully meet 'Make in India' requirements. Saab plans to start production next year, partnering with Indian suppliers. The Carl-Gustaf system has been in service with the Indian Army since 1976. Key Points

Bharat Mart: All you need to know about India’s big Middle Eastern trade push

Prime Minister Narendra Modi, during his visit to the UAE, is expected to inaugurate Bharat Mart, a warehousing facility aimed at boosting Indian trade abroad. Similar to China's Dragon Mart, Bharat Mart will showcase Indian exports in a one-stop facility, reducing shipping time and costs. This move aligns with the deepening economic ties between India and the UAE, fostering comprehensive partnerships and facilitating trade expansion to multiple regions Key Points

Unnati Agri ties up with IFFCO for ‘channel financing'

Unnati Agri partners with IFFCO to offer channel financing solutions to 76,000 channel partners across India. Through Unnati Agri's collaboration with non-banking financial companies, including Ora Finance, the digital credit facility enables channel partners to procure larger stock quantities from IFFCO. This empowers them to deliver quality agricultural products to farmers promptly. The partnership supports IFFCO's initiatives in promoting innovative technology-based fertilizers for sustainable farming practices, starting initially in Uttar Pradesh, Bihar, Maharashtra, Telangana, and Andhra Pradesh. Key Points

Rane Madras to set up factory in Mexico

India Business News: Rane (Madras) Limited, an auto component company, is setting up a factory in Mexico to manufacture steering and suspension components for passenger vehicles. Read more about this development and the investment plans in the Mexican subsidiary. Key Points

Parry Enterprises ties up with Memsift Innovations to set up membrane unit

Parry Enterprises India Ltd, (PEIL) has entered into a strategic partnership with Singapore-based Memsift Innovations to establish a facility to produce up to 1.2 million square metre of high-quality membranes annually. Key Points

Apple supplier Pegatron to halt ops at India plant for second day after fire

Apple (AAPL.O) supplier Pegatron has told its factory workers not to report for work on Tuesday, halting the assembly of iPhones for a second straight day at its south India factory where a fire broke out on Sunday, three sources told Reuters. Key Points

Micron’s Game-Changing Investment: State-of-the-Art Semiconductor facility to Revolutionize India’s High-Tech Landscape

With an investment of over US$800 million, supported by the Indian National Semiconductor Mission and additional financial backing from Indian authorities to a total of USD 2.75 billion to set up semiconductor assembly and test facility in India. Key Points

Financialexpress

Is flexi loan or dropline overdraft better than a personal loan and conventional overdraft?

Credit line in the form of an overdraft is preferred by many people as it gives them flexibility to repay as per their convenience and keep the interest cost low as they pay only on outstanding amount. A new version of this loan is now being offered by many lenders which is called dropline overdraft or a flexi loan. Before going for it you must know if it is better than a personal loan or conventional overdraft. Key Points

IPL Biologicals, Gujarat govt collaborate for cutting-edge biotechnology facility

Aligning with the national goal of adopting the most organic and sustainable practices by 2030, IPL Biologicals envisions the MOU with the Gujarat government to develop a new facility as a significant contributor to sustainable agriculture. The major focus of the first phase of production will be on biological agriculture products, followed by probiotics and enzyme products. The project shall be on reducing chemical usage in the agribusiness sector and providing safe food production to the world. Key Points

RBI doesn't want surplus money from banks but that can go to fellow peers

The head of the Reserve Bank of India (RBI) has urged banks to lend their surplus funds to their peers rather than depositing them at a central bank facility. Shaktikanta Das stated that it is more desirable for banks to explore lending opportunities in the interbank call market, rather than passively parking funds in the standing deposit facility at less attractive rates. The Indian banking system has been facing a liquidity deficit, and Das believes that greater volume of call money transactions would help deepen the interbank money market and lower the reliance on the marginal standing facility. Key Points