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The Economic Times
The Economic Times PM MITRA Parks to bring Rs 70,000 crore investment in textiles sector: Minister
The Centre has approved the setting up of seven PM Mega Integrated Textile Region and Apparel (PM MITRA) Parks in greenfield and brownfield sites with world-class infrastructure including plug and play facility with an outlay of Rs. 4,445 crores for a period of seven years up to 2027-28, the Parliament was informed on Friday.
The Economic Times Mahindra to build $3 billion car plant with a Chinese co? Here's what the automaker said
Mahindra and Mahindra have denied reports suggesting a $3 billion joint venture between Indian automaker and China's Shaanxi Automobile Group to build a car manufacturing plant in India. The automaker has called the Reuters report 'unfounded' and stated that there is no truth in the matter. The report claims that Mahindra will own a majority stake in the proposed manufacturing venture and has sought approval from the Modi-led government for the Chinese investment.
The Economic Times Goyal assures industry on govt's efforts to ensure conducive biz environment
​Commerce and Industry Minister Piyush Goyal held detailed discussions with CEOs of various industries and discussed issues related to regulatory reforms, telecom, trade and logistics, among others, an official statement said on Friday.
The Economic Times Public-private sector interventions to help India reach $1 trillion in merchandise exports
As India strives to achieve $1 trillion in merchandise exports by FY30, the role of public and private sector interventions becomes crucial towards creating a robust export ecosystem, a new report said on Friday.
The Economic Times India achieves milestone with completion of 32 projects under PLI scheme
With a cumulative installed capacity of 56,679 metric tons (MT) per annum, are expected to strengthen India's pharmaceutical supply chain and reduce dependency on imports.
The Economic Times FDI in manufacturing rises 69 pc to USD 165 bn during 2014-24
Foreign direct investment (FDI) in India's manufacturing sector surged by 69% to USD 165.1 billion during 2014-24, as reported to Parliament. Minister of State for Commerce and Industry Jitin Prasada highlighted India's growing appeal for foreign investment. Additionally, India's mobile phone imports dropped significantly while exports soared, reflecting improved self-reliance.
The Economic Times India's aircraft MRO industry to double from $2 bn to $4 bn in next 7 years: Minister
The recent order by domestic airlines for over 1,100 aircraft is expected to double the size of India's MRO aviation business from $2 billion to $4 billion over the next seven years, Union Minister for Civil Aviation Rammohan Naidu informed Lok Sabha.
The Economic Times Why India’s nano enterprises need formal recognition within the MSME ecosystem
Addressing the challenges of nano entrepreneurs through tailored initiatives aimed at formalisation of the sector and improving resource accessibility are crucial for their upliftment.
The Economic Times Ola founder Bhavish Aggarwal becomes one of India's youngest billionaires after IPO
Aggarwal, 38, will add $1.2 billion to his wealth if his SoftBank Group Corp.-backed Ola Electric lists Friday in Mumbai at the lowest end of the price band at 72 rupees ($0.86) a share, giving the entrepreneur a net worth of $2.3 billion, according to the Bloomberg Billionaires Index. Ola Electric did not immediately respond to requests for comment on Aggarwal’s net worth.
The Economic Times Many working women face 'maternity penalty', finds survey
A study by Aon highlighted the career setbacks faced by working mothers in India after their maternity leave, termed the 'maternity penalty'. The report indicated issues like lower performance ratings and missed promotions. Experts recommend companies develop comprehensive maternity support policies, including pre-maternity leave discussions, to mitigate these challenges and retain valuable employees.
The Economic Times To keep younger employees happy, India Inc companies are perfecting a new reward playbook
Companies such as Epsilon India, Roche Information Solutions India, Merck India, Thryve Digital, and Allstate India are leading this change, integrating innovative methods to engage and motivate younger employees.
The Economic Times Hospital chain Medanta lines up Rs 1,200 crore for Mumbai entry
Global Health, operator of Medanta hospitals, is set to build a 500-bed super specialty hospital in Mumbai with an investment of ₹1,200 crore. The project, funded equally by debt and internal accruals, will be completed in 3-4 years. Medanta recently acquired the land in Oshiwara through a public auction.
The Economic Times DA hike news: 18-month DA, DR arrears for central govt employees, pensioners now? Know what Finance Ministry says
Dearness Allowance or DA Hike News Update: Central government employees and pensioners are demanding the release of arrears for Dearness Allowance (DA) and Dearness Relief (DR) withheld for 18 months during the COVID-19 pandemic. Following requests from many employee unions, two MPs have now asked the government whether it is planning to release the 18-month DA arrear for the central government employees and pensioners. Know what the Union government says regarding the release of 18-month DA arrear.
The Economic Times Cabinet approves 8 big railway projects as "equivalent to planting 30 cr trees"
The Union Cabinet chaired by Prime Minister Narendra Modi on Friday approved eight new big railway projects that will cover aspirational and tribal districts.
The Economic Times CAG flags financial loss of Rs 2,604 cr to Railways on interest payments, GST recovery, more
​The Comptroller and Auditor General of India (CAG) has flagged financial losses to the Indian Railways to the tune of Rs 2604.40 crore in 33 case studies of non-recovery of loans and GST, improper decision to generate non-fare revenues, ineligible grant of concession, and unfruitful expenditures.
