India is on track to enhance its strategic petroleum reserves, with plans to increase their total capacity to 11.88 million metric tonnes (MMT). This expansion is a significant step towards achieving the countrys objective of maintaining a reserve equivalent to
South Koreas SK Hynix and Samsung Electronics Form $950 Billion Partnership with U.S. Tech Giants In a significant development for the semiconductor industry, South Korean firms SK Hynix and Samsung Electronics have announced a landmark partnership valued at approximately $950
HCLTech, India’s leading technology services firm, is set to invest approximately $1.48 billion (about ₹14,257 crore) in the development of an artificial intelligence (AI) data center and tech hub in Odisha. This announcement marks a significant move towards enhancing the
Emerging Competitors to Zomato and Swiggy: Pilot Launch in Bengaluru with Separate App and ONDC A new competitor is gearing up to enter the food delivery market, challenging the dominance of established players Zomato and Swiggy. A pilot project is
The Indian Rupee has strengthened by 22 paise against the US dollar in early trading sessions, reflecting a recovery in the currency market. This development comes despite concerns over crude oil prices, which have crossed the $100 per barrel threshold
The United States recently implemented a ten percent tariff on a range of goods imported from India. While this move may provide some immediate relief to U.S. producers, economists indicate that the short-term impact on Indias export economy is expected
In the first quarter of the fiscal year, India imported over 3.2 million tonnes of essential fertilizers, according to recent data. Concurrently, domestic production of fertilizers stood at 11.57 million tonnes during the same period. To ensure a stable supply
On Thursday, US Trade Representative Jamieson Greer announced the implementation of revised tariffs affecting 60 economies, just one day before the expiration of the temporary additional 10% duties that had been levied on imports from all nations. The revisions are
The Union Cabinet has approved a new scheme valued at Rs 3,030 crore, aimed at establishing three dedicated chemical parks across India. This initiative, known as the Bharat Audyogik Vikas Yojana Rasayan, is designed to enhance the country’s chemicals sector
The Union Cabinet has sanctioned a railway project valued at Rs 1,264 crore, aimed at developing new railway lines. This initiative is designed to bolster freight movement and enhance passenger connectivity in several key states across India. The project seeks
