FACILITY
Warehouse operators take shine to solar power, rework logistics
The move towards renewable energy is not just a response to global environmental concerns but also a strategic business decision for many warehouse operators seeking to reduce operational costs and enhance sustainability.
The T20 World Cup was a milestone for cricket's global ambitions
With the decision to increase the size of the tournament to 20 teams and to play part of the group stage in the USA, the International Cricket Council (ICC) saw this World Cup as a vehicle for expansion of the sport's popularity. More teams from emerging cricket nations were given a chance to perform on the global stage and Americans were offered the opportunity to engage with a sport far from their mainstream.
India's healthcare in critical condition: 4 out of 5 public health centers below par, reveals new Govt report
A recent Indian government self-assessment reveals that most public health facilities, including district hospitals and primary centers, fall short of essential standards. Only 20% meet benchmarks for infrastructure and resources, with 42% scoring below 50%. Initiatives aim to bring 70,000 facilities to standard within 100 days, backed by inspections and funding under the National Health Mission. This highlights urgent reforms needed to enhance healthcare nationwide, promising better services and equity in healthcare delivery.
Master plan of Rs 424 crore for upgrading facilities at Badrinath temple: Uttarakhand CM Dhami
On Saturday, Uttarakhand Chief Minister Pushkar Singh Dhami announced a master plan worth Rs 424 crore for upgrading facilities at the Badrinath temple. The initiative aims to enhance pilgrimage experiences while balancing environmental sustainability and economic growth.
Aggregate WMA limit of states/UTs revised upward to Rs 60,118 cr: RBI
The limits for financial accommodation extended by the RBI to state governments/ union territories (UTs) through Special Drawing Facility (SDF), WMA, and Overdraft (OD) schemes were last reviewed and announced on April 1, 2022. The RBI further said the SDF availed by state governments/ UTs shall continue to be linked to the quantum of their investments in marketable securities, issued by the government, including auction treasury bills (ATBs).
India to enter into bilateral Rupee swap agreements with SAARC countries: RBI
The Reserve Bank of India, in collaboration with the Indian government, has unveiled a revised framework on currency swap arrangements with South Asian Association for Regional Cooperation (SAARC) countries for the period spanning 2024 to 2027.SAARC comprises Afghanistan, Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan, and Sri Lanka.
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Bajaj Auto inaugurates its first overseas manufacturing facility in Brazil
Bajaj Auto opened a new manufacturing plant in Brazil to produce Dominar models and expand its global presence with partners like KTM AG and Triumph, targeting the growing Latin American two-wheeler market.
Vraj Iron and Steel IPO opens. Should you subscribe to this issue?
Considering the Vraj Iron and Steel IPO, investors can explore the opportunity to invest in a company with manufacturing plants in Chhattisgarh, focusing on Sponge Iron production and various steel products. The IPO presents a chance to be part of a well-established firm with growth prospects and strategic manufacturing facilities.
TVS Electronics adds electronics manufacturing services at Karnataka plant
TVS Electronics added an Electronics Manufacturing Services capability at its Tumakuru facility in Karnataka, offering PCB assembly, product testing, box building, and supply chain solutions. The Chief Business Officer, Sathya Doraisamy, highlighted the commitment to enhancing manufacturing capabilities and strengthening the Make-in-India initiative. Shares settled 2.11% lower at Rs 330 apiece on the Bombay Stock Exchange.
A look inside Corning’s plans for Tamil Nadu facility
Gorilla glass maker Corning, a key supplier of Apple, will begin production out of its Tamil Nadu facility in the second half of 2025, vice president and general manager David Velasquez told ET in an exclusive interaction. Velasquez was speaking ahead of the company's ground-breaking ceremony for India's first cover glass finishing facility near Chennai on Tuesday.
Jashvik Capital buys into Futura Surgicare
Jashvik Capital, an India-based private equity firm, has acquired a minority stake in Futura Surgicare, a Bangalore-based medical products, consumables, and devices player, founded by A.D. Setty in 1994. Futura Surgicare is a leading Indian manufacturer of wound closure and surgical consumables and devices, with a manufacturing facility in Bangalore and a wide market presence in India and globally.
Central govt employees seek rationalised income tax slabs and old pension scheme from Budget
Central government employees are advocating for key reforms in the Union Budget 2024-25. Their demands include rationalization of income tax slabs, the restoration of the old pension scheme, the establishment of the eighth central pay commission, improved home loan recovery terms, enhanced medical facilities, and income tax exemptions for pensioners.
DGFT, Revenue dept working on dedicated hubs to boost e-commerce exports
India's e-commerce exports are set to receive a boost with the establishment of designated e-commerce hubs by DGFT and the Department of Revenue to streamline the export process.
Delhi metro station to have three interchanges as green line expands
New Delhi Metro station to become a triple interchange facility with Green Line expansion from Inderlok to Indraprastha, enhancing connectivity for commuters from Bahadurgarh and west Delhi.
Beauty secrets: Inside India's booming beauty industry that relies on hundreds of contract manufacturers
Nishit Dedhia, the MD and cofounder of Kain Cosmeceuticals, is leading a tour of his cosmetics manufacturing facility in Khopoli, Maharashtra. The facility produces a variety of beauty products for the growing direct-to-consumer market in India.
Biocon gets 4 observations from USFDA for Andhra Pradesh facility
Biocon received four observations from the US health regulator after a GMP inspection at its API facility in Andhra Pradesh.
Escorts Kubota withdraws plan to set up new unit at Ghiloth in Rajasthan
Farm equipment and construction equipment firm, Escorts Kubota Ltd on Wednesday said it has withdrawn its plan to set up a new manufacturing plant at Ghiloth in Rajasthan due to failure to meet all the key requirements for a large-scale project. The company, which has lined up an investment of up to Rs 4,500 crore over the next three to four years to set up a new manufacturing plant, said it continues to explore alternate options with other states, including Rajasthan.
Long road trip? India may free up 700 hectares of surplus land for resting facilities
The road transport ministry plans to de-notify around 700 hectares of surplus land for wayside amenities and resting facilities for drivers. The proposal aims to allow landowners to reclaim their property and utilize excess land from completed highway projects efficiently. The ministry is finalizing the policy, aligning with PM Narendra Modi's mobility expo promise.
Vivo set to open ₹3,000-cr India facility in July
Chinese smartphone maker Vivo is set to inaugurate one of India's largest mobile phone manufacturing facilities next month, with an annual capacity of 120 million devices. The facility is being set up with an investment of over ₹3,000 crore.
Zoho applies for semiconductor manufacturing facility in India
Software company Zoho, aiming to tap into India's aspirations to become a global semiconductor player, has applied with a partner to set up a semiconductor manufacturing facility in India. Co-founder Sridhar Vembu confirmed the move, citing a stringent evaluation process. The initiative aligns with India's semiconductor manufacturing incentive plan.
Bengaluru Airport launches India's first biometric-enabled self-bag drop facility
DigiYatra passengers using the self-bag drop at Bengaluru airport can select the 'scan your face biometric for baggage drop' option. They will then be prompted to choose the 'DigiYatra' icon to proceed. The machine will instruct the passenger to look directly into the camera to capture their biometric image. It will then generate the passenger's flight details and prompt them to declare any dangerous goods they might be carrying.
Be prepared to beat the heat: Health ministry to states
The government urged all states and union territories to promptly implement heat health action plans to safeguard people from intensifying heatwaves. In a meeting chaired by Dr. Atul Goel of the health ministry, directives included assessing healthcare facilities, creating heatstroke rooms, and disseminating heatwave forecasts. Additionally, measures for fire prevention and staff training were emphasized.
India's electric car incentives limited to new investments: Officials
The Indian government's scheme to promote local production of electric cars will offer incentives only to automakers investing in new manufacturing facilities in the country, officials have revealed. Foreign firms, including those already operating in India, can apply for benefits under the Scheme for Manufacturing of Electric Cars (SMEC) but with no retrospective approval for previous investments.
Google says tech infrastructure investment in Singapore reaches $5 billion
The company said its data centres in Singapore employ over 500 people and are used to power services such as Google Search and Maps.
Russian missiles and drones target Ukrainian energy sites
Russia launched 100 missiles and drones at Ukraine, damaging energy facilities. President Zelensky called for international support to counter destabilization and chaos.
Russian missile attack on Kyiv damages power facility, grid, energy company says
A Russian missile attack on Kyiv by an Iskander short-range ballistic missile destroyed a power facility in the Holosiivskyi district. The DTEK energy company reported damage to the power grid.
Delhi HC launches free Wi-Fi facility on its premises to provide access to legal resources
The Delhi High Court introduced free Wi-Fi across its premises to enhance access to legal resources for advocates, litigants, and the public. The move aims to modernise judicial infrastructure and improve efficiency. The Wi-Fi facility, launched by Acting Chief Justice Manmohan, is available in various blocks and areas. Additionally, the court unveiled initiatives including a new website and a virtual tour.
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