Indian Industry Plus A Pratisrutiplus Suppliment

Indian Navy’s largest war game – the biennial Theatre Level Operational Readiness Exercise (TROPEX 21) – which commenced in early January, is currently underway with participation of all operational units of Indian Navy including ships, submarines, aircraft as well as units of the Indian Army, Indian Air Force and Coast Guard.  The exercise will culminate by third week of February. ...

The Competition Commission of India (CCI) approves acquisition by Bank of India (“BOI”) of BOI AXA Investment Managers Private Limited (“BOIAXA IM”) and BOI AXA Trustee Services Private Limited (“BOIAXA TS”) under Section 31(1) of the Competition Act, 2002, today. The proposed combination involves the acquisition of 49 % of the total share capital of BOI AXA IM & BOI ...

The Competition Commission of India (CCI) approves subscription to securities of Ecom Express Private Limited by CDC Group plc. The proposed combination envisages subscription tosecurities of Ecom Express Private Limited(Ecom) by CDC Group plc. (CDC). CDCis a Development Finance Institution, wholly owned by the UK Government, which provides capital to private sector entrepreneurs in developing countries. Ecom, a company incorporated ...

Packaging serves as the interface between users and logistics companies and efficient and sustainable packaging is the key to environmentally sustainable logistics. Packaging deserves greater attention from improving the overall logistical efficiency perspective.In a consultation meeting organised by the Logistics Division of the Ministry of Commerce and Industry on 9thFebruary, Shri Pawan Agarwal, Special Secretary (Logistics) made the above observations. ...

India’s exports of cereals – rice, wheat and coarse cereals witnessed an impressive rise during first three quarters of 2020-21 financial year. As per the data during April-December, 2020, the exports of cereals rose to Rs 49,832 crore from Rs 32,591 crore (4581 US$ million) reported during the same period in the previous year. The exports of cereals witnessed a ...

The Cabinet Committee on Economic Affairs chaired by Prime Minister Shri Narendra Modi today accorded approval to the proposal of the Department of Fertilizers for Grant-in-aid of Rs.100 crore to Brahmaputra Valley Fertilizers Corporation Limited (BVFCL), Namrup (Assam) to sustain operations of it’s urea manufacturing units. BVFCL, Namrup is a Public Sector Undertaking formed as per Companies Act, under the ...

Union Minister of State (Independent Charge) Development of North Eastern Region (DoNER), MoS PMO, Personnel, Public Grievances, Pensions, Atomic Energy and Space, Dr.Jitendra Singh said that Rs 900 Crore was allocated to ISRO for F.Y. 2020-21for developing capacity for launching of satellites. In a written reply to a question in the Lok Sabha, he said that the Department of Space ...

Finance Minister Smt Nirmala Sitharaman in her budget speech 2021-22  announced  capital Augmentation of Solar Energy Corporation of India Limited (SECI) and Indian Renewable Energy Development Agency Limited (IREDA). She said “To give a further boost to the non-conventional energy sector, I propose to provide additional capital infusion of Rs.1,000 crores to Solar Energy Corporation of India and Rs. 1,500 ...

Despite COVID – 19, the export of Coir and Coir products from India during the first half of the year 2020-21 registered Rs. 1662.43 crore with an increase of around Rs. 300.00 crore from the first half of previous year. This is also the highest half year figure ever recorded in the history of the Coir Board. The total exports ...

The number of companies incorporated from April, 2020 till December, 2020 (COVID 19 period) in the Financial Year 2020-21 (till 31-12-2020) compared to corresponding period from April, 2019 to December, 2019 in the Financial Year 2019-20 (till 31-12-2019) has actually increased by about 21% as is evident from the following details: Number of New Companies Incorporated Increase in percentage (%) ...