Business Archives - Page 159 of 175

19 Mar

Govt approves a new Brownfield Ammonia-Urea Complex Namrup IV Fertilizer Plant with cost of Rs.10,601 Crore

MFNewsBusiness, Opinions, Technology

Cabinet approves setting up of a new Brownfield Ammonia-Urea Complex Namrup IV Fertilizer Plant within the existing premises of Brahmaputra Valley Fertilizer Corporation Limited (BVFCL), Namrup, Assam New Delhi: The Union Cabinet, chaired by the Prime Minister Shri Narendra Modi, has today approved the proposal for setting up of a new Brownfield Ammonia-Urea Complex of 12.7 Lakh Metric Tonnes (LMT) annual capacity of Urea production within the existing premises of Brahmaputra Valley Fertilizer Corporation Limited (BVFCL), Namrup Assam, with an estimated total project cost of Rs.10,601.40 Crore with Debt Equity ratio of 70:30 through a Joint Venture (JV), under the…

19 Mar

Cabinet approves Revised National Program for Dairy Development (NPDD)

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New Delhi: The Union Cabinet, chaired by the Prime Minister Shri Narendra Modi, has today approved the Revised National Program for Dairy Development (NPDD). The Revised NPDD, a Central Sector Scheme, has been enhanced with an additional Rs.1000 crore, bringing the total budget to Rs.2790 crore for the period of the 15th Finance Commission cycle (2021-22 to 2025-26). This initiative focuses on modernizing and expanding dairy infrastructure, ensuring the sector’s sustained growth and productivity. The revised NPDD will give an impetus to the dairy sector by creating infrastructure for milk procurement, processing capacity, and ensuring better quality control. It is intended…

19 Mar

Each of The Demerged Companies Has Potential to Grow into a $100 Billion Company: Vedanta Chairman Anil Agarwal

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Vedanta’s proposed demerger will create four independent natural resource-focused entities with management structures, capital frameworks, and strategic priorities Chandigarh: Vedanta Ltd. Chairman Anil Agarwal said that he envisions that each of the demerged companies has the potential to grow into a $100 billion company. In a letter to shareholders, Agarwal reaffirmed the company’s commitment to unlocking value and driving India’s natural resources sector. Vedanta’s proposed demerger will create four independent natural resource-focused entities with management structures, capital frameworks, and strategic priorities. Agarwal highlighted the need for pure-play businesses and how the proposed demerger will help Vedanta achieve this. He emphasized…

19 Mar

BMW Group India is the Luxury Mobility partner at VIP Terminal of Bengaluru International Airport

MFNewsBrands, Business, Entertainment, Technology, Travel

VIP guests to be ushered in the first-ever BMW i7 and the all-electric MINI Countryman at Kempegowda International Airport #BMWVIP #BMWBengaluruInternationalAirport Bengaluru: The first-ever BMW i7 and the all-electric MINI Countryman are now official choice for all VIP movements at VIP Terminal, Kempegowda International Airport - Bengaluru. The flagship BMW and MINI cars will now be used by all dignitaries, leading businessmen and eminent personalities transiting through the VIP Terminal of Bengaluru International Airport. Mr. Vikram Pawah, President and CEO, BMW Group India, said, "At BMW Group India, we are committed to shaping the future of sustainable mobility with innovation, luxury,…

19 Mar

AIR INDIA SHOWCASES ITS FIRST RETROFITTED AIRCRAFT

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WITH NEW SEATS, MODERN CABINS AND NEW LIVERY #AIRINDIAVTEXN #VTEXN Chandigarh: Air India has welcomed its first retrofitted narrowbody aircraft, VT-EXN (A320neo aircraft), back into operations - marking an important milestone in the airline’s transformation journey. VT-EXN is the first of the 27 narrowbody aircraft inherited at the time of takeover that was elected for a complete retrofit to the new Air India standard, with new seats, carpets, curtain, cabin ambience, a three-class cabin configuration, along with a fresh coat of paint, new livery – all in the new Air India branding. VT-EXN was sent for retrofit last year. Its…

18 Mar

55.02 crore Jan-Dhan accounts have been opened till 7th March 2025

MFNewsBreaking News, Business, Opinions, Technology

Out of 55.0 crore 36.63 crore accounts are in rural and semi-urban areas Atal Pension Yojana, Pradhan Mantri Mudra Yojana, Stand Up India Scheme and other financial inclusion schemes have also witnessed remarkable progress New Delhi: The Government initiated the National Mission for Financial Inclusion (NMFI), namely the Pradhan Mantri Jan Dhan Yojana (PMJDY) #Jandhanaccounts in August, 2014 to provide universal banking services for every unbanked adult based on the guiding principles of banking the unbanked, securing the unsecured, funding the unfunded and serving unserved and underserved areas. A total of 55.02 crore Jan-Dhan accounts have been opened till 07.03.2025, out of…

18 Mar

US Dollar Won’t Lose Its Crown Anytime Soon, Says NSE MD & CEO Ashish kumar Chauhan

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The rise of technology-driven capitalism, and the increasing complexities of global markets #USDOLLAR #NSEONUSDOLLAR #USDOLLARaCrown Chandigarh: Ashishkumar Chauhan, MD & CEO, NSE, reaffirmed the enduring dominance of the US dollar at a recent panel discussion in Singapore. He provided deep insights into the evolving financial landscape, the rise of technology-driven capitalism, and the increasing complexities of global markets. Chauhan redefined conventional perspectives on financial stability, asserting that volatility is not a weakness but an inherent feature of economic progress. He argued that market disruptions often result from geopolitical shifts rather than purely economic factors. “Geopolitics eats economics for breakfast,” he…

18 Mar

HIGH GOLD PRICES HOLDING YOU BACK? TANISHQ’S LATEST GOLD EXCHANGE OFFER UNLOCKS MAXIMUM VALUE FOR ITS CUSTOMERS

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The initiative offers a seamless, value-driven upgrade enabling customers to exchange old gold, regardless of its source, with no deduction for 22K and above Chandigarh: With gold prices at an all-time high, Tanishq, India’s largest jewellery retail brand from the House of Tata, presents its ‘Tanishq Gold Exchange Program’, offering customers an unparalleled opportunity to maximize the value of their gold. Whether it’s tiny, forgotten fragments tucked away in a locker or heirloom pieces collected over generations, Tanishq welcomes every piece—no matter how small—and transforms them into jewellery that reflects today’s aspirations. At the heart of Tanishq’s Gold Exchange Program…

18 Mar

CCI approves acquisition of Uprising Science Private Limited by Hindustan Unilever Limited

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The Competition Commission of India has approved acquisition of Uprising Science Private Limited by Hindustan Unilever Limited #HULTarget #CCIHULTarget Mumbai: The proposed transaction involves the acquisition by Hindustan Unilever Limited (Acquirer/HUL), of 90.5% shareholding of Uprising Science Private Limited (Target), with eventual acquisition of the remaining 9.5% shareholding of the Target in about two years from the completion date as per the terms set out in the Share Purchase & Subscription Agreement executed by and between HUL and the Target. The Acquirer is involved in the business of manufacture and sale of: (a) home care products; (b) beauty & personal…

18 Mar

Grameen Credit Score for the credit needs of members of SHGs and rural areas

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#GrameenCreditScore #GCSIndia #GCSSHG New Delhi: The Union Budget 2025-26 contained an announcement on the Grameen Credit Score, a framework to be developed by public-sector banks for the credit needs of members of Self-Help Groups (SHGs) and people in rural areas. The current credit scoring mechanism used by Credit Information Companies (ClCs) is, by design, generic to all individual borrowers with no specific consideration for the rural sector. A Grameen credit score tailored for the credit assessment purposes of SHG borrowers and the rural population would facilitate better credit assessment, thereby improving access to formal credit not just for SHGs but…