The 20 per cent stake buy by Sumitomo Mitsui Financial Group in 'YES BANK' could pave way for foreign participation in the Indian banking sector says a report by Fitch Ratings. The Reserve Bank of India's (RBI's) approval of YES BANK deal could pave way for similar transactions.
Defence Minister Rajnath Singh on Tuesday approved the Advanced Medium Combat Aircraft (AMCA) Programme Execution Model, a key step to boost India's indigenous defence capabilities and strengthen the domestic aerospace industry, the Ministry of Defence (MoD) said in an official statement.
The worst is over for India's microfinance sector, with stress levels posed to ease over the next two quarters, said Axis Securities in its latest report.
New Delhi [India], May 27: In a landmark move reinforcing its leadership in the clean energy sector, Onix Renewable Limited has commenced development of a 1,959 MW solar power project under the Mukhyamantri Saur Krushi Vahini Yojana (under the PM-KUSUM Scheme), spearheaded by the Maharashtra
In a landmark moment for India's maritime sector, Prime Minister Narendra Modi virtually inaugurated and laid the foundation stone for several transformational projects of Deendayal Port Authority (DPA), Kandla, worth over Rs1,100 crores, during a grand event held at Bhuj, Kutch on Monday.
"We have reached new heights in the field of electricity and power, and made unprecedented progress. There was a time when power cuts were common, but today, despite the huge power consumption, electricity is available for a good 22-24 hours even in villages," the Union Minister said while a
Indian Ambassador to South Korea Amit Kumar highlighted the expanding India-South Korea strategic partnership during an interview in Seoul, pointing to robust political, economic, and technological ties. Kumar detailed progress in trade, investment, and emerging sectors.
Confederation of Indian Industry (CII), in collaboration with Kearney, a global management consulting firm, has come out with a 'Vision Report' for making India a global manufacturing hub in the mining and construction equipment sector.
Hyderabad (Telangana) [India], May 26: Standard Glass Lining Technology Limited (SGLTL), one of India's leading high-end equipment manufacturers for the pharmaceutical and chemical industries, today announced its audited financial results for the fourth quarter and full financial year ended
Stressing the growth of the manufacturing sector in the country, PM Modi said, "Whatever is needed for the progress of the country, we should manufacture it in India itself; this is the demand of today's time. Today India is moving ahead at a rapid pace in the world of manufacturing. Be i
The Indian cement sector is likely to witness a strong growth trajectory, boosted by robust economic factors, substantial infrastructure development and favourable demand-supply dynamics, a recent report by PhillipCapital indicated.