BIHAR BUSINESS CONNECT 2023
India's overall SDG score on national index up in 2023-24 at 71: NITI Aayog report
The SDG India Index 2023-24, released by NITI Aayog on Friday, shows Uttarakhand, Kerala, Tamil Nadu, Goa and Himachal Pradesh emerged as the top performing states in the overall ranking. On the contrary, Bihar, Jharkhand, Nagaland, Meghalaya and Arunachal Pradesh were the laggard states, placed at the bottom of the index.
Corporate France braces for new era of political turmoil
France's business elite is concerned about political volatility, street protests, and potential bankruptcies as the country heads into a parliamentary election. Executives meeting in Provence fear the far right and left may undo President Macron's pro-business reforms. The rise of inexperienced leaders and uncertain economic outlook are adding to their anxiety.
Gujarat received FDI worth USD 7.3 billion in 2023-24, jump of 55 pc over previous fiscal
Gujarat attracted USD 7.3 billion FDI in 2023-24, a 55% increase, ranking second after Maharashtra. DPIIT data highlight this growth. Under PM Modi and CM Patel, policies and cluster-based areas like Sanand GIDC, Dholera SIR, semiconductor plants, financial incentives, and business-friendly measures enhanced Gujarat's infrastructure and ease of doing business.
Bihar set to play important role in becoming growth engine of country: Bihar Minister Nitish Mishra
Bihar's government showcased the state's potential in textiles, IT, manufacturing, and tourism at an event in Kolkata. The efforts to attract investors and dispel negative perceptions aim to position Bihar as a key player in India's growth story. With upcoming events and roadshows, Bihar is gearing up to become a prominent investment destination, emphasizing its strengths in various sectors.
Bihar poised to become growth engine of East: Minister Nitish Mishra
Bihar aims to attract capital in various sectors, becoming East India's growth engine with new policies in 2 months. Aligning with Prime Minister Modi's vision, State Minister Nitish Mishra seeks to promote industry and employment, highlighting Bihar's development potential at a Kolkata event with over 50 companies. The state plans to introduce sectoral policies to draw investments and dispel misconceptions, aiming to position itself as a hub for tourism and industry, offering incentives for investors to tap into its market and create livelihoods.
Bihar to host mega investor summit in Dec; roadshows from Monday
Bihar will roll out the red carpet for domestic and foreign investors at a mega event in December as it looks to lure investments in sectors like textiles, food processing and EVs that will create jobs and boost business in the state. After the grand success of the 2023 edition, the state will host the two-day Bihar Business Connect event on December 11 and 12 in Patna. And before that, it will hold roadshows in different cities, beginning with Kolkata on Monday.
- Go To Page 1
Infosys unit faces another suit in US over 2023 cyberattack
Infosys faces multiple lawsuits over a cyberattack on its US subsidiary, leading to data breaches and legal actions from various parties, including eDiscovery vendors and financial information exposure.
World Bank member IFC invests Rs 650 cr in Mindspace REIT’s sustainability-linked bonds
Global development institution International Finance Corporation (IFC), a member of the World Bank Group, has invested over Rs 650 crore in K Raheja Corp-backed Mindspace Business Parks REIT through an issue of sustainability-linked bonds.
IMEE-EC's India-UAE segment on track: Ports' digital integration moves forward, set to be ready in 100 days
The strategic India-Middle East Europe Economic Corridor (IMEE-EC) is set to commence its India-UAE leg, with a digital platform for port information exchange expected to be operational within the first 100 days of the Modi government. The initiative, aimed at enhancing trade connectivity, faces challenges due to tensions in West Asia, but recent support from the G7 has bolstered its prospects. The corridor, divided into phases, will facilitate the movement of cargo from locations in India to Israel.
PM Modi inaugurates Nalanda University's new campus in Bihar's Rajgir
Nalanda University Inauguration: Prime Minister Narendra Modi inaugurated the new campus of Nalanda University in Rajgir, Bihar on Wednesday. The event was attended by External Affairs Minister S. Jaishankar and ambassadors from around 17 nations.
Magenta Mobility joins hands with with Tata Motors, deploys 100 Ace EV
Magenta Mobility partners with Tata Motors to deploy over 100 Tata Ace EV units, including Ace EV and Ace EV 1000, as part of their MoU from October 2023. Maxson Lewis expresses excitement about their 'Ab Ki Baar Dus Hazaar' program aiming for 10,000 EVs by 2025. Vinay Pathak highlights the milestone in revolutionizing intra-city distribution.
Bad taste for ‘aam aadmi’: How adulterated mangoes pose fresh headache for regulators, consumers
The use of banned chemicals to ripen fruits is prevalent despite penalties and laws. The ball is in the food safety regulator’s court.
VC funds take a shine to new gen’s D2C brands
Direct-to-customer (D2C) startups founded by scions of traditional business families are raking in venture funding across sectors like food, apparel, and wellness. Investors see these entrepreneurs' deep understanding of the business and connections in the supply chain ecosystems as a recipe for modernising legacy businesses.
Pledged $2.6 bn sovereign loans to India in 2023: ADB
The Asian Development Bank (ADB) has pledged $2.6 billion in sovereign lending to India in 2023 for projects aimed at urban development, industrial corridor projects, power reforms, climate resilience, horticulture, and connectivity. The multilateral lender also committed over $1 billion for private sector projects and extended $23.53 million in technical assistance and $4.1 million in grants.
ADB commits USD 2.6 billion in sovereign lending to India
Asian Development Bank (ADB) committed USD 2.6 billion (about Rs 21,500 crore) in sovereign lending to India in 2023 for various projects. The fund is aimed to strengthen urban development, support industrial corridor development, promote power sector reforms, build India's climate resilience, and enhance connectivity.
Telecom infrastructure sharing may spur gear sharing too, experts say
The current scenario could change with Telecom Regulatory Authority of India (Trai) recommending creating a separate category under the unified license for Digital Connectivity Infrastructure Provider (DCIP) authorisation. "...the proposed DCIP authorisation holder may create both active and passive digital connectivity infrastructure and share it with other TSPs and has to pay no license fee to the government," Trai said in its recommendations last month.
Out of school, into startups: Young founders are on the rise, ready to even pause studies to chase their entrepreneurial dreams
In 2023, Ayush Pathak and Aryan Sharma founded Induced, assisting businesses in automating workflows with AI. Apoorv Singh launched Connect AI with Asta. Himanshu Rajpurohit's startup, Strangify, provides corporate mental health solutions. Dyumna Madan's ProjectClay helps students find career paths.
Modi govt's new solar scheme has three big hurdles
The government has launched a new scheme to encourage the installation of solar panels on rooftops, aiming to triple renewable capacity by 2030. The program provides subsidies to install grid-connected systems, allowing households to reduce electricity bills and sell extra power to the grid. However, challenges remain, including difficulties with electricity distribution companies (DISCOMs) and a lack of skilled workers. Despite these hurdles, the initiative is expected to create jobs and significantly reduce CO2 emissions.
A contest between son and daughter of two JDU ministers
Shambhavi, who did her graduation from Delhi University's Lady Shri Ram College and MA in sociology from Delhi School of Economics, is locked in a direct contest with Sunny Hazari, a nominee of Congress, who is contesting as part of RJD-led Mahagathbandhan (grand alliance).
PM Modi, Ambani, Adani reshaping India to become economic superpower: CNN report
India is poised to become a 21st-playing a fundamental role in shaping the economic superpower the country will become in the coming decades, according to a CNN report
Indian Railways poised for performance in freight business, revenue, track laying in FY 2023-24
According to Ministry of railways, ss of March 15, Indian Railways has surpassed the milestone of 1500 million tonnes in originating freight loading. This achievement underscores the railway's robust performance and its pivotal role in facilitating the movement of goods across the country.
Coca-Cola India business witnesses robust growth in 2023
The company's net revenue for the December quarter grew 7% to USD 10.8 billion, and organic revenues (non-GAAP) grew 12%. For 2023, net revenues grew 6% to USD 45.8 billion.
Coca-Cola India business witnesses robust growth in 2023
In 2023, Coca-Cola's unit case volume grew 2 per cent, in which the developed markets grew 1 per cent, driven by growth in Mexico and Germany. "Developing and emerging markets grew 2 per cent, driven by growth in India and Brazil, partially offset by the suspension of business in Russia in 2022," the Atlanta-headquartered company said in its earnings statement.
Madhya Pradesh: A business ecosystem tailored for success of MSMEs
The state is a vibrant destination for a wide range of businesses and industries, particularly for the small and medium enterprises (SMEs).
Bihar Business Connect-2023: 300 companies including Adani, BPCL sign MOUs for investment of Rs 50,530 cr
“In a landmark achievement, 300 companies have signed Memorandums of Understanding (MOUs) for investments totaling 50,530 crore rupees, showcasing Bihar's growing attractiveness as a key business destination,” said the press note.
Bihar investor summit to help change image of state, generate lakhs of jobs over next 2-3 years: Sandeep Poundrik
“We are expecting about Rs 35,000 crore worth of MOUs to be signed in different sectors, right from the Adani Group to other major investors and I think this will give an impetus to the industrialisation in the state because then people will actually start investing in a much more faster speed.”
Bihar Business Connect-2023: MoUs worth 15,570 crore signed in general manufacturing sector
IOCL committed the largest amount of Rs 7,386.15 crore, while Indo-European Research and Healthcare Private Limited committed to an investment of 2,000 crore.
Bihar Business Connect-2023: MoUs worth Rs 10,304.91 crore signed with 15 key industries
The Director of the Food Processing and Industries Department, Vivek Ranjan Maitrey, highlighted the prospects of setting up industries in the food processing sector in Bihar.
Bihar Business Connect-2023: Savi Leathers signs MoU for Rs 274 cr to setup project in Madhubani
“I am delighted to set up a unit in Madhubani where I hail from,” Vijay Jha, Director, Savi Leathers said on the sidelines of Bihar Business Connect-2023 in Patna. Savi Leathers is recognized globally for its product innovation. The company has 4 professionally managed factories and a trained workforce of 1,700 personnel.
Load More
