India’s power consumption grows marginally by 1.04 pc to 136.56 bn units in May

New Delhi: Power consumption rose marginally by 1.04 per cent to 136.56 billion units in May this year as widespread rains have kept summer temperature under check so far and people used fewer cooling appliances compared to last year. In the year-ago period, power consumption stood at 135.15 billion units (BU), higher than 108.80 BU […]

India’s May manufacturing PMI grows at highest pace since Oct 2020 at 58.7

Bengaluru: India’s factory output expanded at the quickest pace since October 2020 last month thanks to strong demand and output, while improved optimism led firms to hire at the fastest rate in six months, a private survey showed on Thursday. While regional peers such as China, Japan and South Korea have seen their manufacturers struggle […]

JK Horticulture Planning & Marketing organizes meet on CA Storage Logistics

Srinagar: Jammu and Kashmir Horticulture Planning and Marketing department on Wednesday organized a one-day meet on CA Storage Logistics here at SKICC. The meet was attended by all stakeholders from government departments, banks and financial institutions, industry representative bodies, fruit associations and potential investors in this sector from within and outside J&K. The aim of […]

JKEDI to act as bridge between Industry & students: Dir JKEDI

Srinagar: The Director, Jammu and Kashmir Entrepreneurship Development Institute (JKEDI) on Wednesday presided over an interaction program organized by Government Polytechnic for Women, Srinagar. The event aimed to foster a strong connection between the industry and students, with JKEDI playing a pivotal role as the bridge. The interaction program witnessed an active participation of students […]

GDP grows 6.1 pc in March quarter, 7.2 pc in FY23

New Delhi: India’s economy grew 6.1 per cent in the fourth quarter of 2022-23, pushing up the annual growth rate to 7.2 per cent, official data showed on Wednesday. Growth in the January-March period was higher than the 4.5 per cent expansion in the previous October-December quarter of 2022-23. The Gross Domestic Product (GDP) had […]

OTT progs to carry anti-tobacco warnings; health ministry amends rules

New Delhi: On the World No Tobacco Day, the Union health ministry on Wednesday notified the amended rules under the Cigarettes and Other Tobacco Products Act, 2004, making it mandatory for OTT platforms to display anti-tobacco warnings as are seen in movies screened in theatres and TV programmes. According to the notification, publishers of online […]

India to lure manufacturers with electronics repair pilot project

New Delhi: India will start a pilot project this week to establish itself as an electronics repair hub by relaxing cumbersome import-export rules, a move that could draw tech majors such as Flex to expand such operations in the country. Prime Minister Narendra Modi has promoted electronics manufacturing in India and attracted the likes of […]

Currency in circulation rose in value, volume during 2022-23: RBI

Currency in circulation rose in value, volume during 2022-23: RBI

Mumbai: The value and volume of banknotes in circulation increased by 7.8 per cent and 4.4 per cent, respectively, during 2022-23 as compared with 9.9 per cent and 5 per cent, respectively, in 2021-22, revealed the RBI annual report released on Tuesday. In value terms, the share of Rs 500 and Rs 2,000 banknotes together […]

Go First executives discuss revival plans with DGCA officials

Mumbai: Senior executives of crisis-hit Go First, which is undergoing insolvency resolution process, on Monday discussed its revival plans with officials of aviation regulator DGCA, according to a source. The meeting, held in the national capital, came against the backdrop of the Directorate General of Civil Aviation (DGCA), last week, asking the grounded airline to […]