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Mondelez India to invest ₹1,600 crore in its manufacturing facility at Sri City

July 26, 2023 admin

Chief Minister Y.S. Jagan Mohan Reddy participating, in virtual mode, in the groundbreaking ceremony of Mondelez India’s expansion unit at Sri City in Tirupati district on Tuesday. | Photo Credit: SPECIAL ARRANGEMENT Chief Minister Y.S. Jagan Mohan Reddy participated virtually in the groundbreaking ceremony of the expansion unit of Mondelez India’s manufacturing facility in the…

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Morning Digest | Indian economy to grow at 6.1% in 2023, IMF projects; Opposition for no-trust vote against Narendra Modi government, and more

July 26, 2023 admin

IMF delegates participate in a news conference on the IMF release of the World Economic Outlook Update, at IMF headquarters in Washington, DC, on July 25, 2023. | Photo Credit: AFP Names of 5 crore MGNREGS workers deleted in 2022-23, Minister informs Lok Sabha Rural Development Minister Giriraj Singh, in a written reply to the…

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IMF projects Indian economy to grow at 6.1% in 2023

July 25, 2023 admin

IMF delegates participate in a news conference on the IMF release of the World Economic Outlook Update, at IMF headquarters in Washington, DC, on July 25, 2023. | Photo Credit: AFP The IMF on July 25 projected a growth rate of 6.1% for India in 2023, which is a 0.2 percentage point upward revision compared…

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Centre devolves ₹3.09 lakh crore to States till July

July 25, 2023 admin

The 15th Finance Commission has recommended that States be given 41% of the divisible tax pool of the Centre. File. | Photo Credit: Reuters The Centre has devolved over ₹3.09 lakh crore to States till July of the ₹10.21 lakh crore budgeted to be transferred in the current fiscal, Minister of State for Finance Pankaj…

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Data | In Telangana, districts near capital have flourished, while those in periphery lag behind

July 25, 2023 admin

In Telangana, there is a stark difference in socio-economic indicators between the districts around Hyderabad, the capital, and those far away from it. This is the fourth story in a series of Data Points exploring the inter-district differences in the southern States. The district-wise variations in Tamil Nadu, Kerala, and Karnataka were discussed earlier. Given…

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PMI Electro appoints Aanchal Jain as CEO

July 25, 2023 admin

Electric commercial vehicle maker PMI Electro on July 25 said it has appointed Aanchal Jain as the Chief Executive Officer (CEO). Her appointment will help the company steer through new challenges faced by large electric vehicle OEMS in terms of fast-paced growth and capex-hungry financing requirements, PMI Electro said in a statement. “It gives us…

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Aviation regulator DGCA removes SpiceJet from its enhanced surveillance regime

July 25, 2023 admin

The senior DGCA official said that in view of the observations made in the past concerning inadequate maintenance and in view of the incidents during the monsoon season last year, SpiceJet was placed under enhanced surveillance. | Photo Credit: Reuters Aviation watchdog DGCA has taken off SpiceJet from its enhanced surveillance regime, a senior official…

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Tata Steel Q1 net profit falls over 93% to ₹524.85 crore

July 24, 2023 admin

FILE PHOTO: A man walks past a screen displaying Tata Steel logo before the start of a news conference in Mumbai, India May 25, 2016. REUTERS/Danish Siddiqui TPX IMAGES OF THE DAY/File Photo | Photo Credit: DANISH SIDDIQUI Tata Steel on July 24 posted over 93% decline in consolidated net profit to ₹524.85 crore for…

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Rane Brake Lining Q1 standalone net slids by 11% to ₹5.2 crore

July 24, 2023 admin

Rane Group Chairman L. Ganesh | Photo Credit: Special Arrangement Rane Brake Lining Ltd. (RBL) reported standalone net profit for the June quarter contracted by 11% to ₹5.2 crore over the year earlier period. Total revenue from operations improved by 8% to ₹153 crore due to strong sales to two-wheeler segment. Sales to aftermarket customers…

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Explained | Can the new data panel improve India’s statistics?

July 22, 2023 admin

In recent years, the credibility of some of NSO’s data, especially the results of various household surveys traditionally carried out by the National Sample Survey Office have come under a cloud, with even top government officials questioning their approach and outcomes. File | Photo Credit: Reuters The story so far: The Ministry of Statistics and Programme…

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