Adani Defence launches South Asia’s largest ammunition, missiles facilities in Kanpur
The Adani group plans to invest over ₹3,000 crore in the facilities, which are expected to create around 4,000 jobs, Adani Defence says in a release.
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Jupiter Wagons, BEML get defence contracts worth ₹802 cr; shares surge
First contract is for procurement of Qty-697 BOM Wagons, while the other is for MMME Mark II equipment
Steady-state of inflation shows ‘transient pick up’: RBI
RBI says magnitude and pace of transition to a lower inflation to be conditioned by speed of strengthening of economic activity and persistence of shocks
BPCL announces ₹49,000 cr capex for Bina refinery expansion; stock dips
Co to implement an ethylene cracker project at Bina Refinery; to setting up two 50 MW wind power plants; and petroleum oil lubricants, lube oil base stock installations
PLI schemes to create 60 lakh new jobs in 5 yrs: Centre
The Centre’s projections say the minimum production in India as a result of PLI schemes is expected to be over US$ 500 billion in 5 years.
Cautiously optimistic credit outlook for FY22: CRISIL
Aided by strong demand recovery, credit ratio rebounds to 1.33 in H2FY21, from 0.54 in H1FY21. GDP could grow at 11% in FY22, but the resurgence in Covid-19 cases is a key downside risk, says CRISIL.
India to be the third largest economy by 2031: Report
According to a BofA Securities report, the Covid-19 shock could delay India touching the GDP of Japan by three years. In their latest estimates, it will now happen by 2031 if the economy grows at 9%.
Toys are us
India seeks to claim pole position in the global toy industry. It helps that the country is becoming as adept at technologically cutting-edge toys as it is in making traditional ones.
Indian whisky’s lessons from Japan’s new rules
Innovation is all very well—for instance sourcing from multiple places and creating a new blend—but the product has to be authentic. And authenticity can only come by emphasising location.
Budget 2021: Living up to the expectations
Budget 2021, the first paperless one in the history of independent India, has been touted as one of the landmark Budgets of recent times. Here are some key points to ponder.
