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Amara Raja Batteries to invest in Europe-based InoBat Auto Amara Raja Batteries Ltd (ARBL) plans to invest in InoBat Auto, a European technology developer and manufacturer of batteries for e-mobility. The initiative would entail a total investment of €10 million (~Rs 84.35 crore), which includes a subscription of 0.04% stake and convertible loan in InoBat […]
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Cabinet approves Rs 6,322 crore PLI scheme for specialty steel The Union Cabinet has approved a Production Linked Incentive (PLI) scheme for specialty steel. Incentives worth Rs 6,322 crore will be provided to eligible manufacturers over five years. The scheme is expected to bring in investments of approximately Rs 40,000 crore and capacity addition of […]
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Adani Enterprises signs coal mining agreement with MAHAGENCO Adani Enterprises Ltd, along with its wholly-owned subsidiary Gare Palma II Collieries Pvt Ltd, has signed a pact with Maharashtra State Power Generation Co Ltd (MAHAGENCO) for the development and operation of Gare Palma Sector II coal mine for 34 years. The coal block was allotted for […]
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Nitin Gadkari announces vehicle scrappage policy in Lok Sabha  Union Transport Minister Nitin Gadkari, on Thursday, announced the vehicle scrappage policy in the Lok Sabha. The policy will focus on removing vehicles older than 15-20 years from Indian roads. Owners of old vehicles will get strong incentives to scrap old and unfit vehicles. With this policy, […]
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India’s manufacturing PMI in expansionary zone for fifth straight month Aided by improved domestic demand, business activity in India’s manufacturing sector continued to recover in December 2020. IHS Markit’s Manufacturing Purchasing Managers Index (PMI) rose from 56.3 in November to 56.4 in December. The loosening of Covid-19 restrictions, strengthening demand, and improved market conditions had […]
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Air Quality Commission directs switching over of all industries in Delhi to PNG The Commission for Air Quality Management in NCR and Adjoining Areas has directed all industrial units in Delhi to switch over to piped natural gas (PNG) by January 31. The Commission has also directed the Delhi Pollution Control Committee (DPCC) to inspect […]

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