A central intelligence agency for manufacturing, made in India
The proposed intelligence unit would study the impact of schemes launched by the government aimed at lifting the share of manufacturing in GDP to 25% by 2047 from about 17% currently. In addition to Production Linked Incentive (PLI) schemes worth ₹1.97 lakh crore, the government started the Make in India initiative and the Phased Manufacturing Programme (PMP) to boost local production and encourage export substitution. Key Points
Economic TimesCentre notifies fact check unit under PIB to monitor online content
New Delhi, Mar 20 (PTI) The Centre on Wednesday notified the fact check unit under the Press Information Bureau (PIB) to monitor online content pertaining to the government for accuracy. The fact check unit has been notified under IT Rules of 2021 by the Ministry of Electronics and Information Technology. “The central government hereby notifies […] Key Points
ThePrintPaytm & its payments bank discontinue inter-company agreements to reduce dependencies
Paytm didn't say what agreements were being terminated. Payments bank agreed to simplify shareholders’ agreement to 'support Paytm Payments Bank‘s governance, independent of shareholders'. Key Points
ThePrintGrew Energy to set up solar component unit in Gujarat's Dholera for Rs 3,800 cr
Gandhinagar (Gujarat) [India], January 11 (ANI): Grew Energy signed a Memorandum of Understanding worth Rs 3,800 crore at the ongoing Vibrant Gujarat Global Summit in the presence of Chief Minister Bhupendra Patel. The company intends to set up a solar component manufacturing unit at Dholera with a capacity of 2.8 GW, by 2025, it said […] Key Points
ThePrintAmmonia gas leaks from Chennai fertiliser unit, people experience unease; hospitalised
According to the Tamil Nadu Environment and Forest Department, a communication was received from the unit at 12.45 a.m. about the ammonia gas leakage that occurred during the pipeline's pre-cooling operation Key Points
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Siemens Healthineers posts forecast beating Q4 results
Siemens Healthineers (SHLG.DE) on Wednesday posted better than expected fourth-quarter results helped by its cancer care unit and proposed an unchanged dividend for its fiscal year 2023. Key Points
ReutersCredit Agricole, BAWAG poised to bid for Barclays German unit - sources
French bank Credit Agricole (CAGR.PA) and Austria's BAWAG Group (BAWG.VI) are set to submit binding bids for Barclays' (BARC.L) German consumer finance unit this week, two people familiar with the matter told Reuters. Key Points
Reuters‘Lucrative deals, stolen OTPs’ — Delhi Police IFSO unit busts interstate racket of ‘online fraudsters’
Victims were lured by ads posted in platforms such as BigBasket, DMart & Blinkit, say police. Once they clicked on links sent on mobiles, scammers stole OTPs to siphon off money. Key Points
ThePrintIndia's first indigenously developed nuclear power plant unit begins operation at full capacity; PM hails scientists
"India achieves another milestone. The first largest indigenous 700 MWe Kakrapar Nuclear Power Plant Unit-3 in Gujarat starts operations at full capacity," PM Modi said. Key Points
Business Today8 killed in cracker unit blast in Tamil Nadu
Krishnagiri (TN): Eight persons, three of them women, were killed in a blast at a cracker unit in Tamil Nadu’s Krishnagiri district on Saturday. PM Narendra Modi announced an ex gratia of Rs 2 lakh each to kin of the deceased. PTI Key Points
The Tribune India
Rupee falls 3 paise to 81.93 against US dollar
At the interbank foreign exchange, the domestic unit opened lower at 81.93 and moved in the range of 82.01 to 81.90 during intra-day. Key Points
FinancialexpressRupee rises 1 paisa to close at 82.62 against US dollar
At the interbank foreign exchange market, the local unit opened at 82.56 against the US dollar and settled at 82.62 (provisional), up 1 paisa over its previous close. Key Points
FinancialexpressPower bills to be dearer by ₹2.89 per unit for Bescom consumers in June
The electricity tariff for Bescom consumers for June will be up by ₹2.89 per unit, owing to fuel and power purchase cost adjustment, as well as arrears from April. Key Points
The HinduCommercial LPG cylinder prices slashed by Rs 171.5 per unit
India Business News: After the move, the latest retail price of a 19 kg LPG cylinder in Delhi now stands at Rs 1,856.50. Last month, too, their prices were reduced by Rs 9 Key Points
Times Of IndiaNTTPS to have the first FGD unit among State-owned thermal power plants in Andhra Pradesh
In a major step towards pollution control at coal-fired power plants, A.P.-Genco has undertaken the establishment of a Flue Gas Desulphurisation (FGD) unit at Dr. Narla Tatarao Thermal Power Station (NTTPS) here. Key Points
The Hindu
Delhi govt ‘snooping unit’: Ledger shows cash paid to ‘sources’
Records of cash with the unit were allegedly maintained in a register titled the ‘SSF (secret service fund) cash cum expenditure book’, which contained notings of money being given to “sources” for “operations”. This register alone tracked Rs 5 lakh the unit received, and by the time the unit wound up operations, the amount left was Rs 2,300, it is learnt. Key Points
The Indian ExpressFact Check Unit: Govt to pick members; nodal officers from ministries
A senior government official said this composition would likely assuage concerns from critics about the Fact Check Unit’s potential lack of expertise. “The unit will be supported by designated nodal officers from other ministries,” the official said. Key Points
The Indian ExpressHaryana, meet the Jetsons — Chennai start-up with flying car prototype wants to manufacture in state
Vinata Aeromobility, which showcased a prototype in 2021, wants to set up a 2nd manufacturing unit in Haryana. State home minister Vij offers to help facilitate one in Ambala. Key Points
ThePrintExplained | Calculating electricity tariff in Karnataka
The Hindu explains how electricity tariff is calculated in Karnataka, what are the components of an electricity bill, why June’s bill was exponentially higher than previous months’ and more. Subscribe to read the exclusive story. Key Points
The HinduTower's plan for first Indian chip foundry likely to get nod today
Tower's Indian chip foundry project is pegged at $9-10 billion, of which 50% will be subsidised by the Centre under the Indian Semiconductor Mission (ISM). States provide an additional 15-25% subsidy. Key Points
Economic Times
Epsilon set to invest $650 mn in US unit
Indian battery material firm Epsilon Advanced Materials is investing $650m to build its first EV battery manufacturing plant in the US. The facility will have an annual capacity of 50,000 tonnes and use sustainable technologies to produce high-capacity anode materials for over one million EVs. It is expected to commence operations in 2026, creating over 1,500 direct and indirect jobs, and reach full capacity by 2031, generating $500m in revenue. The plant will be partly funded by internal accruals and supply agreement receivables, while EAM is considering multiple US locations, subject to regulatory approvals. Key Points
mintIndia's JSW Steel to pick up 20%-40% stake in Teck's coal unit - report
JSW Steel (JSTL.NS) is looking to pick up a 20 to 40% stake in the metallurgical coal unit of Canada's Teck Resources (TECKb.TO), Bloomberg News reported on Friday, citing the Indian steel producer's chairman, Sajjan Jindal. Key Points
Reuters'Cowardly': Sisodia on Centre's nod for prosecution in snooping case
The CBI in its report claimed of a snooping unit headed by Manish Sisodia after the AAP came to power in Delhi in 2015. The AAP refuted the charges and called the CBI report politically motivated. | Latest News India Key Points
Hindustan TimesFormer Microsoft product chief joins Amazon as head of devices business
Former Microsoft (MSFT.O) product chief Panos Panay will lead Amazon.com's (AMZN.O) struggling unit responsible for the firm's Alexa and Echo products. Key Points
ReutersGlobalFoundries eyes tieups for fab unit in India
GlobalFoundries was earlier in talks with a few companies from the country. Those plans, however, did not materialize owing to the latters lack of credible expertise and experience in manufacturing electronics products, a source said. Key Points
Economic Times
Rupee falls 5 paise to 81.95 against US dollar ahead of RBI policy decision
India Business News: At the interbank foreign exchange, the domestic unit opened weak at 81.95 against the dollar, registering a decline of 5 paise over its last close. In Key Points
Times Of IndiaRupee climbs 30 paise to 82.02 against US dollar
At the interbank foreign exchange market, the local unit opened strong at 82.08 and touched an intra-day high of 81.92 and a low of 82.20 against the greenback. Key Points
FinancialexpressXianyun in Genshin Impact: This is what we know about release date, weapon, gameplay and more
Xianyun, a new Anemo 5-star unit in Genshin Impact, is set to launch with version update 4.4. Previously known as Cloud Retainer, glimpses of her human form were seen during the Lantern Rite Festival 2023. Key Points
Economic TimesRupee jumps 32 paise to close at 83.29 against US dollar
Mumbai, Mar 26 (PTI) The rupee recovered from all-time low level and appreciated 32 paise to close at 83.29 against the US dollar on Tuesday on decline in the US dollar and positive Asian currencies. Forex traders said weak domestic markets and surge in crude oil prices capped sharp gains for the local unit. At […] Key Points
ThePrintStocks in news: Tata Steel, IndiGo, Welspun Corp, Cipla, Mamaearth
Walchandnagar Ind said there is a strike by the labour union at Walchandnagar unit and operations are partially affected. There is no strike at Maharashtra, Dharwad plants. Key Points
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UnitedHealth's unit to add eight insulin products to its reimbursement list
UnitedHealth's (UNH.N) pharmacy benefit manager unit said on Thursday it was adding eight insulin products to its reimbursement list that would limit out-of-pocket spend to $35 or less. Key Points
ReutersUS FDA approves Otsuka's blood pressure treatment device for use
The U.S. Food and Drug Administration (FDA) approved the use of a device made by an Otsuka Holdings (4578.T) unit in a type of surgery to treat high blood pressure, the company said on Wednesday. Key Points
ReutersBio-Techne's quarterly profit misses estimates as biotech funding woes persist
Bio-Techne (TECH.O) missed Wall Street expectations for first-quarter profit on Tuesday, as a persisting funding crunch among its biotech clients weighed on demand for its diagnostic products and compounds used in developing drugs. Key Points
ReutersKunal Kamra’s plea: No notification on fact checking unit till July 10, Centre tells HC
The Indian Ministry of Electronics and Information Technology has said it will not establish a fact-checking unit until 10 July. The announcement came during a hearing of a case brought by satirist Kunal Kamra, who argued that the unit would curtail his freedom of speech and violate the constitution. Kamra has challenged a recent amendment to IT rules which allows the government to create the unit to identify fake or misleading news about the government on social media. The next hearing in the case will take place on 6 July. | Mumbai news Key Points
Hindustan TimesSTF raids gangster’s hideouts in Ambala
Bunty is accused of killing his associate outside a private hospital in February last year. He has been absconding since then and carries a reward of ₹25,000 on his head, the DSP, STF, Aman Kumar said. The Ambala unit of the Special Task Force (STF) on Wednesday Key Points
Hindustan Times
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
FinancialexpressReliance Jio's Radisys to buy Mimosa Networks for $60 million
Radisys Corp, a unit of Reliance Industries Ltd owned Jio Platforms, will buy Mimosa Networks from U.S.-based IT services company Airspan Networks Holdings Inc for $60 million Key Points
Hindustan TimesKarnataka: Industries Minister MB Patil signs up with Suzlon & Renaissance to get Rs 36,000 cr investment
Suzlon and Renaissance Solar are planning to set up their units in Vijayapura district. Suzlon will invest Rs 30,000 crore and Renaissance Solar has proposed Rs. 6,000 crore. Suzlon plans to start a 5,000 MW wind power unit, while Renaissance Solar aims to expand its capacity to 20,000 MW by 2030. Key Points
Economic TimesSJVN's Naitwar Mori hydro project's first unit starts commercial operations
New Delhi, Nov 24 (PTI) The first unit of SJVN’s 60 MW Naitwar Mori Hydro Electric Project (NMHEP) in Uttarakhand has started commercial operations. The first unit of 30 MW capacity achieved the Commercial Operation Date (COD) today, the company’s CMD Nand Lal Sharma said in a statement on Friday. “The unit has at 60 […] Key Points
ThePrintPepsico logs double-digit beverage growth in India in July-Sept
PepsiCo's Indian business saw a double-digit growth in beverage unit volumes in Q3 2023, while its convenient foods business experienced a decline in unit volume. The company's net revenue in the Africa, Middle East, South Asia division also decreased, primarily due to the weakening of the Egyptian pound and a net organic volume decline. Key Points
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TPG to buy Forcepoint unit from Francisco Partners for $2.45 billion, Wall Street Journal reports
Buyout house TPG is buying a business unit of software provider Forcepoint for $2.45 billion from Francisco Partners, the Wall Street Journal reported on Sunday citing people familiar with the matter. Key Points
ReutersBJP plans to kick off Chhattisgarh election campaign with Modi rally in Raipur on 7th
The central ministries have lined up inaugurations of mega projects in Chhattisgarh, where Congress has been in power since 2018. Modi will flag off a mainline electric multiple unit (MEMU) train between Raipur and the state's administrative capital Naya Raipur. He will also inaugurate Indian Institute of Technology (IIT) at Bhilai in Durg district. Key Points
Economic TimesRupee rises 15 paise to close at 82.70 against US dollar
During the day, the domestic unit witnessed an intra-day high of 82.64 and a low of 82.84 in the day trade. Key Points
Financialexpress