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DOMESTIC CAPACITY
Govt pushes rare-earth magnet capacity as India seeks greater control over critical manufacturing inputs: Shaktikanta DasThe government is working to build domestic capacity for rare-earth permanent magnets, crucial for automobiles, electronics and other manuf...- Festive travel squeeze: Domestic airfares jump up to 68% as flight options narrowDomestic airfares on key routes have surged ahead of the festive and year-end travel season, with Delhi-Hyderabad fares up 68% year-on-year...
- Bajaj Finserv to rope in ex-GIC re chief for reinsurance ventureBajaj Finserv is preparing to enter the reinsurance sector with the appointment of N Ramaswamy Narayanan. The former chairman of GIC Re bri...
- India within striking distance of 8% GDP growth, resilience not accidental: Shaktikanta DasWith an ambitious target of 8% GDP growth, India aims for Viksit Bharat by the year 2047 through innovative reforms. The government is dedi...
- India needs competitive capabilities, import diversification: PK MishraP K Mishra emphasized India's approach to economic resilience during the Kautilya Economic Conclave. He noted the importance of maintaining...
- Pvt investment, strategic resource security, global openness key for growth path ahead: FM SitharamanIndia's finance minister Nirmala Sitharaman highlighted strategic priorities to build resilience amid ongoing global economic uncertainty. ...
- Economic resilience cannot mean global insulation; domestic production "may cost more": Principal Secy to PMPK Mishra emphasized the need for India to remain open to global markets while enhancing economic resilience. He indicated that domestic pr...
- Piyush Goyal calls for WTO-compliant approach to correcting global trade distortions at G20 Trade Ministers' MeetUnion Minister of Commerce and Industry Piyush Goyal called for a World Trade Organization-compliant approach to tackle trade distortions a...
- Piyush Goyal at G20: India has no ‘structural excess capacity’, rejects dumping concerns based on broad country-wide assumptionsIndia does not have structural excess manufacturing capacity in sectors flagged by the G20 presidency, Commerce Minister Piyush Goyal said,...
- Goyal at G20: India opposes making MFN conditional on WTO obligationsUnion Minister Piyush Goyal represented India at the G20 Trade Ministers' Meeting, emphasizing the importance of the Most-Favoured-Nation p...
- Indian chemical sector recovery begins, but return on capital may take 2-3 years to recover: EquirusIndia's chemicals sector is showing signs of recovery after a downturn in recent years. Median revenue across 72 listed companies grew by 2...
- Piyush Goyal says India does not have structural excess manufacturing capacityPiyush Goyal said India does not have structural excess manufacturing capacity in sectors identified by the G20, arguing that Indian produc...
- Piyush Goyal calls for clear distinction between food supply ‘weaponisation’ and food-security measuresPiyush Goyal addressed the G20 Trade Ministers' meeting, focusing on the distinction in food supply chain strategies. He emphasized the nee...
- GEC-III scheme to unlock next growth phase for India renewables sectorThe Union Cabinet approved the GEC-III scheme, earmarking Rs 1.86 lakh crore for developing transmission systems and battery storage. This ...
- India’s domestic air traffic falls 7.5% in August, worst among major marketsIndia's domestic air passenger traffic fell by 7.5% in August compared to the previous year. This drop marks the steepest decline among maj...
- Indian Oil Gujarat refinery to start operating at expanded capacity by end of FY27, executive saysIndian Oil's flagship refinery in Gujarat is expected to expand its capacity to 18 million metric tons. This expansion is part of the ongoi...
- India, 17 others reserve right to participate in Russia's dispute with EUIndia and 17 other countries, including the US, UK and China, have reserved third-party rights in Russia’s WTO dispute against the European...
- Midwest Energy to set up Rs 250-crore rare earth magnet plant in HyderabadMidwest Energy is setting up India’s first sintered NdFeB magnet plant in Hyderabad, with commercial production expected to begin by mid-Oc...
- India to continue diesel exports despite possible US ban amid tightening global fuel marketIndia remains committed to its diesel export contracts, as stated by Oil Minister Hardeep Puri. The global diesel market faces challenges d...
- Websol Energy secures 54-acre land in West Bengal for 4GW solar manufacturing plantWebsol Energy System has secured 54 acres in West Bengal’s Falta Industrial Park to set up a new solar manufacturing facility.
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