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Category: Business

Business

Parliament Committee calls for upgrading washery infrastructure to spur domestic higher-quality coal production

Posted on July 29, 2026 By admin
Parliament Committee calls for upgrading washery infrastructure to spur domestic higher-quality coal production

A loader loads coal in the truck at an open cast coal field at Topa coal mine in the Ramgarh district in the eastern Indian state of Jharkhand. File | Photo Credit: Reuters The quality of domestically produced coal with high-ash content remains a “major challenge”, the parliamentary Standing Committee on Coal, Mines and Steel…

Read More “Parliament Committee calls for upgrading washery infrastructure to spur domestic higher-quality coal production” »

Business

India’s R&D spending crosses 0.8% of GDP for first time since 2010

Posted on July 29, 2026 By admin
India’s R&D spending crosses 0.8% of GDP for first time since 2010

Image used for representative purpose only. | Photo Credit: Getty Images/istockphoto India’s spending on research and development (R&D) surged to 0.83% of GDP in 2021-22, the first time that the country crossed the 0.8% threshold — a level last seen in 2009-10, according to newly disclosed government data The figures also reveal a structural shift…

Read More “India’s R&D spending crosses 0.8% of GDP for first time since 2010” »

Business

India’s semiconductor chip production score will rise from 0% in 2025 to 13% by 2030: Forrester

Posted on July 29, 2026 By admin
India’s semiconductor chip production score will rise from 0% in 2025 to 13% by 2030: Forrester

India’s semiconductor chip production score is forecast to rise from 0% in 2025 to 13% by 2030, reflecting growing momentum around the country’s semiconductor ambitions, said Forrester, a Massachusetts-based research and advisory firm. However, it said, India’s overall technology sovereignty score is expected to improve only modestly, from 32% in 2025 to 35% by 2030,…

Read More “India’s semiconductor chip production score will rise from 0% in 2025 to 13% by 2030: Forrester” »

Business

₹1 Lakh crores stuck in government fund for years; one fix cut wait times considerably: Sanjeev Sanyal

Posted on July 29, 2026 By admin
₹1 Lakh crores stuck in government fund for years; one fix cut wait times considerably: Sanjeev Sanyal

Unclaimed shares and dividends valued nearly ₹1 lakh crore remained locked in a government fund, even as claimants had to go through a cumbersome ‘25-step’ process, requiring an average of about three years to recover, according to Sanjeev Sanyal, a Member of the Prime Minister’s Economic Advisory Council (EAC). Speaking at a public policy lecture…

Read More “₹1 Lakh crores stuck in government fund for years; one fix cut wait times considerably: Sanjeev Sanyal” »

Business

LIC pays ₹12,207.25 crore dividend to government

Posted on July 29, 2026 By admin
LIC pays ₹12,207.25 crore dividend to government

Union Finance Minister Nirmala Sitharaman receives a dividend cheque of ₹12,207 crore for FY 2025-26 from Life Insurance Corporation of India CEO and MD R. Doraiswamy, in New Delhi on Wednesday (July 29, 2026). | Photo Credit: ANI State-owned Life Insurance Corporation of India (LIC) on Wednesday (July 29, 2026) paid ₹12,207.25 crore dividend to…

Read More “LIC pays ₹12,207.25 crore dividend to government” »

Business

Team Bharat asks for E10 availability, E0 at reasonable rates amid E20 backlash

Posted on July 29, 2026 By admin
Team Bharat asks for E10 availability, E0 at reasonable rates amid E20 backlash

A petrol pump in Kochi | Photo Credit: The Hindu Amid growing concerns over the impact of E20 fuel on vehicles currently on the road, a citizens’ advocacy group Team Bharat met officials from the Union Petroleum Ministry, urging the government to continue supplying E10 petrol (petrol with 10% ethanol) for vehicles designed to use…

Read More “Team Bharat asks for E10 availability, E0 at reasonable rates amid E20 backlash” »

Business

Gland Pharma gets U.S. FDA nod for Sugammadex injection

Posted on July 29, 2026 By admin
Gland Pharma gets U.S. FDA nod for Sugammadex injection

FDA stamps approval | Photo Credit: Getty Images Shares of Gland Pharma were in the spotlight on Tuesday, rising more than 4%, after the Hyderabad-based generic injectable drugmaker got the U.S. Food and Drug Administration (FDA) approval for its abbreviated new drug application for Sugammadex Injection, 200 mg/2 mL (100 mg/mL) and 500 mg/5 mL…

Read More “Gland Pharma gets U.S. FDA nod for Sugammadex injection” »

Business

Indian garment exporters hope for tariff-rate quota from the U.S.

Posted on July 29, 2026 By admin
Indian garment exporters hope for tariff-rate quota from the U.S.

Indian garment exporters are hoping for tariff-rate quota, which countries such as the Bangladesh have got, from Washington as India is also a major buyer of U.S. cotton. Officials in a couple of textile and apparel export promotion councils told The Hindu on Wednesday that the Indian government is trying to negotiate with the U.S….

Read More “Indian garment exporters hope for tariff-rate quota from the U.S.” »

Business

South Korean footwear unit to boost industrial growth in Annamayya district, says Collector

Posted on July 29, 2026 By admin
South Korean footwear unit to boost industrial growth in Annamayya district, says Collector

Representatives of Koreas footwear giant Boyoung along with Collector Nishant Kumar seen at the proposed Rs 245 Cr plant site near Madanapalle of Annamayya district on Wednesday. By Arrangement | Photo Credit: ARRANGEMENT District Collector Nishant Kumar said that a ₹245-crore export-oriented footwear components manufacturing unit proposed by South Korea-based Boyoung Company is set to…

Read More “South Korean footwear unit to boost industrial growth in Annamayya district, says Collector” »

Business

Semicon firm Marvell to invest $250 mn in technology, talent and infrastructure in India

Posted on July 29, 2026 By admin
Semicon firm Marvell to invest 0 mn in technology, talent and infrastructure in India

AI Chip technology concept | Photo Credit: The Hindu Marvell Technology, Inc., a Nasdaq-listed firm in data infrastructure semiconductor solutions, will invest $250 million in India over the next three years to expand its capabilities across technology, talent and infrastructure. The company, which plans to double its headcount over the next three years, is opening…

Read More “Semicon firm Marvell to invest $250 mn in technology, talent and infrastructure in India” »

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