BACKWARD INTEGRATION
Scientists confirm that the core of the Earth is moving slowly and backwards. Here are the details
Scientists who study the Earth have confirmed that the core of the Earth is moving so slowly that it is actually moving backwards. A team of scientists had first reported this in 2023 and it has now been confirmed and published in a journal.
Mukesh Ambani's fintech juggernaut starts rolling: The road ahead
Ambani's latest fintech business under Jio Financial Servics Ltd (JFSL) aims to ride on extensive consumer network as well the data Reliance has acquired. The tracks that consumers leave while shopping and using Reliance products and services will form a strong databank for JFSL.
What EPack Durable's MD has to say on Q3 turnaround, debt and stock’s tepid show
EPack Durables reported a net profit of Rs 4.9 crore for the December quarter. The company's turnaround is credited to the investments made in FY21 and FY22. EPack Durables plans to retire long-term debts using IPO proceeds and expects pent-up demand in the upcoming season. MD & CEO Ajay Singhania speaks about the Q3 performance, company's falling debts, IPO proceeds and stock's performance,
Days after backward leader Karpoori Thakur was conferred Bharat Ratna, Hindutva icon L K Advani nominated
The government announced Bharat Ratna for L K Advani, the face of the Ram temple movement, conveying support for both the Mandal and Mandir movements. Prime Minister Narendra Modi praised Advani's transparency, integrity, and contribution to national unity. Advani accepted the honour, expressing gratitude to his party workers. The decision to confer the Bharat Ratna on Advani coincides with the consecration of Ram temple in Ayodhya. Notably, Advani has no notable achievement since receiving the Padma Vibhushan, unlike his close associate Atal Bihari Vajpayee.
Rashmi Group forays into mining, secures three coal mines in West Bengal
Rashmi Group has secured coal mining rights in West Bengal, acquiring three coal mines through the Union Ministry of Coal. These mines, allocated via auction, signal a significant move in the state's industrial landscape. The company received 715.58 acres of land at Kagra Joydev Coal Block, previously allotted to DVC, after cabinet approval. This step sets the stage for employment opportunities and regional development. Sanjib Patwari, the group's promoter, emphasized their commitment to sustainable employment.
BRS leader K T Rama Rao slams BJP over promise to make BC candidate CM of Telangana
The ruling BRS party launched a critique against the BJP's announcement of appointing a leader from the backward class (BC) as the Chief Minister of Telangana after the upcoming assembly polls. The BRS party pointed out that the Central government has not yet given its approval to the request for establishing an OBC (Other Backward Classes) welfare ministry.
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We will invest $3 billion in backward integration: Vneet Jaain
"We started with solar wherein we made the modules, the cells, the wafer, and the ingots. We then have plans to go further backward on the polysilicon side. We have also formed joint ventures for the manufacturing of EVA (ethylene vinyl acetate), back sheets, aluminium frames etc. So, whatever goes as input in making a panel, we will be manufacturing it.," said Jaain.
Union Cabinet approves Rs 13,000-cr 'PM Vishwakarma' Yojana; craftsmen to get subsidised loans up to Rs 2 lakh
The Union Cabinet on Wednesday approved 'PM Vishwakarma' scheme to support traditional artisans and craftspeople of rural and urban India.
Govt yet to receive recommendations by HC collegiums for 216 vacancies of judges: Rijiju
"Presently, there are a total of 118 proposals recommended by High Court Collegiums which are at various stages of processing. The recommendations against 216 vacancies in the high courts are yet to be received from the High Court Collegiums," he said.
Granules to invest Rs 400 crore in backward integration and greenfield facility
Prasad said the backward integration will allow Granules to mitigate supply chain disruptions, volatility in prices and also increase expectations of environmental standards. Granules will spend about ₹250 crore on its backward integration and ₹150 crore on its greenfield formulation manufacturing unit in Genome Valley, near Hyderabad.
Vedanta's aluminium biz to focus on backward integration; bring to operation 2 mines in FY23
The expansion of the company's alumina refinery from the current 2 million tonnes per annum to 5 MTPA is going as per the schedule, Vendanta's CEO Rahul Sharma said.
Investment liberalisation, structural reforms could help deepen India's integration in global value chains: IMF
Alfred Schipke, Director, IMF-STI Regional Training Institute and former IMF India Mission Chief said that despite the COVID-19 pandemic, India has attracted the highest amount of Foreign Direct Investment (FDI).
Parliamentary panel flags under utilisation of funds by food processing industries ministry
PMKSY is an umbrella scheme, approved in May 2017, under which eight sub-schemes are implemented, including mega food park, integrated cold chain and value addition infrastructure.
How Aspirational Districts Programme forged a new path in governance
The ADP was launched in January 2018, and is currently implemented in 112 districts in 26 states and one union territory to measure and improve the human development outcomes across five broad pillars of development- health and nutrition, education, agriculture and water resources, financial inclusion and skill development, and basic infrastructure.
PLI scheme to make India integral part of global supply chain: Eco Survey
The production-linked incentive (PLI) scheme was recently expanded to 10 sectors, after registering traction from global investors in the mobile manufacturing segment.
India will not keel over when it comes to border issues: Foreign Secretary Harsh Vardhan Shringla
He said that following a build-up of troops, multiple transgressions and attempts to unilaterally change facts on the ground by China, there have been several levels of talks and a fair amount of communication to ensure that the matter can be resolved through negotiation and diplomacy.
Haryana's draft industrial policy aims to attract Rs 1 lakh cr investment, generate 5 lakh jobs
According to the draft 'Haryana Enterprises and Employment Policy, 2020', the state is planning to establish Haryana as a competitive and favoured investment destination, achieve regional development, export diversification and provide livelihood opportunities to its people through resilient economic development.
37 mega food parks and 297 integrated cold chain projects sanctioned under PMKSY
The MoFPI is focusing on building cold chain infrastructure across the country, for seamless transfer of perishables from production to consumption areas, through the Pradhan Mantri Kisan Sampada Yojana (PMKSY).
39 mega food parks and 298 integrated cold chain projects sanctioned under Pradhan Mantri Kisan Sampada Yojana
The component of the schemes includes integrated cold chain and value addition infrastructure, mega food parks, creation of backward and forward linkages, creation and expansion of food processing and preservation capacities ,agro processing clusters and operation greens.
Sweeping powers to government under data protection Bill a step backwards, say experts
The Personal Data Protection Bill, 2019, was introduced in the Lok Sabha on Wednesday, and the government proposed sending the Bill to a joint select committee of both Houses of Parliament amid protests by the opposition.
Steel ministry proposes clusters, integrated hubs to unlock growth potential
The policy says, "Creation of two archetypes of clusters nanely, Ancillary and Downstream cluster and Value-Added steel clusters, will provide multiple benefits."
Steel ministry proposes clusters, intergrated hubs
Increased production of carbon steel, alloy (including stainless steel) and other high grade and special steel will facilitate higher value addition of steel in India. On the other hand, encouraging growth of ancillary units will foster development of SME units as well as further enable growth of the anchor primary steel unit(s).
"Vertical Integration Is Crucial" Agam Berry, Quantified Commerce
Maybe you've heard the term vertical integration before. It's being thrown around a lot, especially in a time when companies are looking for competitive adva...
RIL's backward integration to boost petrochemical margins
RIL is the first company in the world that has started large-scale ethane import.
In JEE(A), OBC qualifiers almost equal open category aspirants
Among aspirants from state boards, the ratio is skewed in favour of back ward candidates as against the ones from the general quota.
With four GST legislations being passed, centre's budget session ends on a successful note
Not only did the government prepone the presentation of the Budget, it also did away with a separate railway budget by making it a part of the main budget.
Digital India: Futuristic vision for an effective backward integration
The Narendra Modi Government's 'Digital India Initiative' has the world IT czars up and applauding this futuristic vision.
Scholz acquisition to help backward integration: John Flintham, Amtek Auto
It is a sizable acquisition and obviously we do not release the size of the deal, but it may be full on a mixture of cash out of accruals from corporate plus debt.
GSFC plans backward integration and expansion
In a bid to secure raw material supplies, state venture Gujarat State Fertilizers & Chemicals Limited (GSFC) has chalked out plans to invest in Greenfield projects and acquisitions.
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