PRODUCTION PROCESS
Coal India to tweak e-auction norms to ease process
Coal India Ltd (CIL) will revamp its electronic window system, allocation methodology, capping auction hours, and adjusting transport premiums. The July 11 concept note proposed changes, including allowing road transport. Subsidiaries, except Northern Coalfields, must up e-auction offers to 40% in Q2 and Q3 FY25. Reserve prices are premium; CIL reduced earnest money deposits and increased quantities.
Gopal's Sweets to invest Rs 150 crore to set up a manufacturing unit in Mohali Industrial Economic Zone
Gopal's Sweets is investing Rs 150 crore to establish a manufacturing unit in the Mohali Industrial Economic Zone (MIEZ). Spread over 150 acres, MIEZ plans to expand to 500 acres, offering strategic connectivity. The unit will process Punjab's farm products, enhancing local agricultural operations. MIEZ hosts over 50 industries and benefits from Invest Punjab and MSME "Make in India" initiatives.
Easier visa norms in works for non-PLI manufacturers: DPIIT secretary
The government plans to streamline visas for experts from China and other countries in non-PLI sectors. DPIIT Secretary Rajesh Kumar Singh disclosed approvals needed from Home and External Affairs Ministries for 14 PLI sectors initiated in 2021.
Bansal Wire IPO booked 5.72 times on Day 2. Check GMP and other details
Bansal Wire's IPO has been nearly 4 times oversubscribed on its second day, fueled by robust demand from non-institutional and retail investors. The IPO, conducted through the book-building method, reserves 50% for qualified institutional buyers, 35% for retail investors, and 15% for non-institutional investors.
European jewellers using services of mega CFC for quality testing
The Mumbai-based mega common facility centre (CFC) in the special economic zone (SEZ) is now being used by European jewellers for quality testing. The facility, which was inaugurated by Prime Minister Narendra Modi in January, offers technical services like 3D printing, hallmarking, mass finishing, refining, and casting of gold, platinum, and silver.
Did Sun's UV radiation cause Neptune clouds to vanish? Will it affect Earth? Know in details
The Hubble Space Telescope observed a significant reduction in Neptune's cloud cover. Researchers discovered that solar UV radiation influences cloud formation on Neptune, highlighting the need for further study.
B2B fashion platform Zyod raises $18 million in funding
Zyod's equity funding round was led by venture firm RTP Global, while the debt capital came from Stride Ventures, Trifecta Capital and Alteria Capital. In April last year, Zyod had raised $3.5 million in a funding round led by Lightspeed Venture.
More food processing units across country will boost farmer income, generate employment: Chirag Paswan, Minister of Food Processing
India’s food processing sector has immense potential both at national and international levels, said Chirag Paswan, Minister of Food Processing Industries.
Move on from fafda, paratha and cater to international quality: Food Processing Secy tells industry
Anita Praveen, Secretary, Ministry of Food Processing Industries, says the time has come to start manufacturing products that appeal to everyone's taste globally.
Kronox Lab Sciences IPO booked 118x on last day. Check GMP and other details
On Wednesday, the final day of the bidding process, the initial public offer (IPO) of Kronox Lab Sciences witnessed a subscription rate of nearly 118 times, fueled by strong demand from non-institutional investors. This particular category was oversubscribed by an impressive 302 times.
Kronox Lab Sciences IPO booked 11x on strong demand from retail, NII investors
Overall, the Kronox Lab Sciences IPO was subscribed nearly 11 times, driven by strong interest from retail and non-institutional investors. In the unlisted market, the company's shares are trading with a premium of Rs 80.
Hacks Season 4: Here’s what we know about Max show’s renewal
Max renews 'Hacks' for a fourth season, starring Jean Smart and Hannah Einbinder. Season 3 faced delays but achieved record viewership. Praise for the cast and crew continues as production plans move forward.
Basmati rice export prices plummet below government MEP, global buyers stay away
Export price of basmati rice falls below government-fixed minimum export price, impacting global buyers and domestic prices. Concerns arise over MEP changes, basmati trade competitiveness, and price pressure. Monsoon and La Niña forecasts influence basmati production, while India's rainfall patterns and consumption trends play significant roles.
India tightens permissible wastage norms for jewellery export
India has revised the permissible wastage amount for gold, platinum, and silver content in various categories of exports of jewellery items. The Directorate General of Foreign Trade (DGFT) amended the percentage of wastage by weight in plain jewellery to 0.5% for gold and platinum, and studded jewellery to 0.75%.
Best Seeder Machines for Agriculture in India for Improved Seeding Process (2024)
Are you looking for ways to stop seeding manually? If so, then continue reading this article to learn about the best seeder machines for agriculture in India. These machines will help you eliminate manual seeding enhancing speed while eliminating excessive fatigue resulting in enhanced productivity. Check out the options, find the one that suits you and place your order using the buying link shared in the article below.
Odisha FPOs tap global markets with first export of mangoes, vegetables
On May 15, a total of 0.75 tonnes of fresh vegetables were sent to Dubai from the Biju Patnaik International Airport in Bhubaneshwar.
Faster EPF claim settlement: EPFO multi-location claim settlement to speed up member claims
Faster EPF claim settlement: By allowing for multi-location claim settlement, this feature will speed up member claims processing and replace the current geographical jurisdiction structure along with productivity in offices nationwide.
Hindustan Zinc, Jindal Power, JK Cement in race with others for two gold mines in Rajasthan
Vedanta group's Hindustan Zinc, Jindal Power, and JK Cement are technically qualified bidders for two gold mines in Rajasthan. Companies like Ramgad Minerals, Hirakund Natural Resources, and Poddar Diamond are also in the running. The auction, initiated in March, will conclude this week, paving the way for full-scale production at Andhra Pradesh's first private gold mine by 2024. Deccan Gold Mines aims to produce 750 kilograms of gold annually from the Jonnagiri gold project, currently generating one kilogram per month.
ISRO's breakthrough '3D-printed' rocket engine saves 97 pc raw materials, 60 pc production time
The new engine, now a single piece, saves 97 per cent of raw materials and reduces production time by 60 per cent, ISRO said. ISRO achieved the major milestone with the successful hot testing of a liquid rocket engine manufactured through AM technology for a duration of 665 seconds on May 9, a release from the space agency said.
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