With neighbour like China, we have to learn to compete: EAM Jaishankar on boosting India's manufacturing

With neighbour like China, we have to learn to compete: EAM Jaishankar on boosting India's manufacturing

Sunday, 12 May 2024 | PTI | New Delhi

Boosting India's domestic manufacturing and the overall economy will provide much more resources in its foreign policy toolkit to expand the country's influence globally and compete with China on the economic front, External Affairs Minister S Jaishankar has said. In an exclusive interview to PTI, Jaishankar said India under the leadership...

As many as 17 firms under IT hardware PLI to start production this year, says IT Secretary

Saturday, 11 May 2024 | PTI | Faridabad

Majority of personal computer and server makers selected under the IT hardware production-linked incentive scheme are expected to start production this year, a senior government official said on Friday. “... About 17 out of 27 PLI companies will start production this year. Around 6-7 of them started production last year and...

China willing to help Indian firms to cater to its market demand: Envoy

Saturday, 11 May 2024 | PTI | Beijing

The Chinese market is open to all countries, including India, China’s new envoy to India, Xu Feihong, has said, maintaining that Beijing understands New Delhi’s concerns over its burgeoning trade deficit and is willing to address this issue by facilitating more Indian companies to tap the Chinese market. The trade deficit,...

Rupee settles 1 paisa lower at 83.49 against US dollar

Saturday, 11 May 2024 | PTI | Mumbai

The rupee stayed range-bound and settled 1 paisa lower at 83.49 (provisional) against the US dollar on Friday, as the support from positive domestic equities was negated by elevated crude oil prices. Forex traders said significant foreign fund outflows dented investors’ sentiments. At the interbank foreign exchange market, the local unit traded...

Sensex, Nifty rebound as ITC, Reliance gain

Saturday, 11 May 2024 | PTI | Mumbai

Equity benchmark indices Sensex and Nifty found firmer ground on Friday, propelled by a rally in market heavyweights Reliance Industries, ITC and Bharti Airtel amid a supportive trend overseas. Recovering from the sharp decline in the previous trade, the 30-share BSE Sensex climbed 260.30 points or 0.36 per cent to settle...

BPCL to invest Rs 1.7 lakh crore in core, new energy business

Saturday, 11 May 2024 | PTI | New Delhi

Bharat Petroleum Corporation Ltd (BPCL) plans to invest Rs 1.7 lakh crore over the next five years in its core oil refining, fuel marketing and petrochemical business as well as in clean energy such as hydrogen, its chairman G Krishnakumar said on Friday. As part of ‘Project Aspire’, a five-year strategic...

AI Express cancels 75 flights on Friday, expects normal ops by Sunday: Official

AI Express cancels 75 flights on Friday, expects normal ops by Sunday: Official

Friday, 10 May 2024 | PTI | Mumbai/ New Delhi

Air India Express on Friday cancelled around 75 flights due to cabin crew shortage and operations are expected to normalise by Sunday, an official said, a day after a section of the cabin crew called off their strike, that had resulted in significant operational disruptions. The revenue losses caused due to...

Markets bounce back in early trade on firm global trends; buying in ITC, Reliance

Markets bounce back in early trade on firm global trends; buying in ITC, Reliance

Friday, 10 May 2024 | PTI | Mumbai

Benchmark equity indices bounced back in early trade on Friday amid firm global market trends and buying in ITC and Reliance Industries. Recovering from the sharp decline in the previous trade, the 30-share BSE Sensex climbed 203.52 points to 72,607.69 in early deals. The NSE Nifty went up by 83.7 points...

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