India News
.webp)
The southwest monsoon covered the entire country on Thursday, 35 days after it entered the mainland through the Kerala coast, marking one of its slowest advances in the past five years.
The last time the southwest monsoon took longer to cover the entire country after its onset over Kerala was in 2021, when it reached the state on June 3 and completed its advance across India on July 13, taking around 40 days.
.webp)
Central public sector enterprise National Aluminium Company (Nalco) has partnered with NLC India (NLCIL) to set up a 1,080 megawatt (MW) captive thermal power plant at Angul in Odisha to support its aluminium capacity expansion.
The two Navratna public sector companies have signed a joint venture-cum-shareholders' agreement to establish a 50:50 joint venture that will develop a 4x270 MW captive thermal power plant within Nalco's existing captive power complex at Anugul.
.webp)
India's economy is expected to grow 6.6 per cent in FY27, slower than the 6.9 per cent projected in April, as elevated oil and transportation costs weigh on consumer sentiment and private demand, the Asian Development Bank (ADB) said in the July edition of its Asian Development Outlook.
The revised forecast, however, remains more optimistic than the International Monetary Fund's (IMF) latest estimate of 6.4 per cent for FY27.
.webp)
Honda Motorcycle & Scooter India, the two-wheeler arm of Japan's Honda Motor Co, expects to create over 3,800 jobs in India as it expands overall annual production capacity to 8 million units by 2028, according to its President & CEO Tsutsumu Otani.
With India increasingly becoming an important part of Honda's global manufacturing and export strategy.
.webp)
A US judge pressed Gautam Adani for more details on the Justice Department’s move to dismiss a blockbuster criminal case against the Indian billionaire.
In a brief order late Wednesday, US District Judge Nicholas Garaufis in Brooklyn, New York, directed Adani to answer two questions in writing, under oath, by July 15.
.webp)
India's largest asset manager, SBI Funds Management, is seeking a valuation of up to ₹1.17 trillion ($12.24 billion) in its initial public offering opening next week, in what is set to be one of the country's largest IPOs this year.
SBI Funds Management has set a price band of ₹545 to ₹574 ($5.70-$6.01) apiece for the three-day share sale that begins July 14, State Bank of India (SBI) said in an exchange filing late Wednesday.
.webp)
The Ayodhya Development Authority (ADA) has served a notice to the wife of Ram temple donation theft accused Lavkush Mishra over the alleged unauthorised construction of a house under her name, as the police intensified their investigation into the alleged embezzlement case, official and police sources said on Thursday.
According to ADA sources, the house under construction is located in Banvirpur village in Sohawal tehsil.
.webp)
Amazon said on Thursday it will take "appropriate action" against a third-party delivery partner in India once a police investigation into a fire that killed two workers concludes.
Amazon, one of India's largest e-commerce companies, has also initiated an independent internal investigation into the incident.
.webp)
Hyderabad-based Skyroot Aerospace on Thursday announced that a launch window between July 12 and August 4 for the maiden test flight of its Vikram-1 launch vehicle -- the nation's first privately developed orbital-class rocket.
The final date of the lift-off will be subject to the completion of assembly and testing operations at the launch site in the Satish Dhawan Space Centre, Sriharikota, and weather, safety, and range clearance.
.webp)
India and Japan on Thursday signed agreements to deepen cooperation in economic security, clean energy, artificial intelligence (AI), defence technology, health care and maritime security. This came after summit talks between Prime Minister Narendra Modi and his Japanese counterpart Sanae Takaichi, who is on a three-day official visit to India from July 1 to 3.
.webp)
.webp)
