Apple and other multinational electronics businesses are likely to reap the benefits of India’s plan to extend tax breaks for foreign corporations that sell machinery and equipment to contract manufacturers until 2041. To encourage investments in export-oriented industry and provide long-term policy certainty, the idea is part of draft tax reforms. This year’s Union Budget […]
Garden Reach Shipbuilders & Engineers (GRSE), a state-owned shipyard, has added four Offshore Support Vessels (OSVs) to its commercial shipbuilding order book with a Rs 1,032 crore contract from Oil and Natural Gas Corporation (ONGC). The oil major’s offshore logistical and operational skills would be enhanced by the contract, which was granted to ONGC after […]
In a move that would strengthen India’s infrastructure collaboration with the African island nation of Seychelles and expand its worldwide footprint, the state-owned construction company NBCC (India) has been awarded a contract to produce 1,008 affordable housing units. The Export-Import Bank of India (EXIM Bank) has provided a line of credit of USD 75 million […]
Under the Research, Development and Innovation (RDI) Scheme of the Government of India, drone maker ideaForge Technology has been granted a Letter of Intent to secure financial support of up to Rs 151 crore for the development of its YETI heavy-lift UAV platform. The autonomous airborne platform is developed for logistical and defence operations in […]
Sunday, Zed Entertainment Enterprises announced that it is consulting with legal professionals to analyse the final judgement from the Securities and Exchange Board of India (Sebi). The company firmly believes that the regulator’s move will have no impact on its intended Rs 3,144-crore fund-raising operation.According to a corporate representative, they have received the order from […]
The newly formed Joint Trade Committee (JTC) between India and Rwanda will facilitate increased trade and investment between the two nations. The JTC has already set a priority area for collaboration: digital technology, healthcare, pharmaceuticals, and vital minerals. At its inaugural meeting in New Delhi on July 30-31, the India-Rwanda JTC came to an agreement. […]
Nisara, a premium lifestyle fragrance brand, has expanded its women’s fragrance portfolio with the launch of Aqua Queen, a fresh aquatic fragrance crafted for the modern woman who embodies elegance, confidence and freshness. The fragrance made its debut at Gifts World Expo 2026, where the brand is showcasing its growing portfolio of perfumes, gift sets, […]
IIRM Holdings India Ltd, the holding company of a leading insurance distribution and risk advisory group with operations across India, Singapore, Sri Lanka, the Maldives and Kenya, today announced a ₹1,500 million strategic capital raise through a combination of Equity Shares and Fully Convertible Warrants at a price of ₹143.28 per security, subject to shareholder […]
RoadGrid India Private Limited today announced that it has received financial assistance of ₹13 crore from the Technology Development Board (TDB), under the Department of Science and Technology (DST), Government of India, for its ₹27.5 crore project to establish a manufacturing and assembly facility for the commercialisation of its patented Universal EV Charger. The support […]
In a statement made on Sunday, Chairman Noel Tata announced plans for Tata Trusts to establish a system of non-profit, multi-specialty hospitals all over India. The hospitals will implement a cross-subsidy model, which will enable them to use the money they earn from paying patients to pay for treatment for areas that are underserved. Increased […]
