Cabinet gives go-ahead for Rs 5,801 crore Lucknow Metro Rail Project

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New Delhi, Aug 12 (IANS) The Union Cabinet, chaired by Prime Minister Narendra Modi, on Tuesday approved Phase-1B of the Lucknow Metro Rail Project with 12 stations, across a length of 11.165 km with an investment of Rs 5,801 crore.While seven of these stations are to be built underground, five of them will be at an elevated level. On operationalisation of Phase-1B, Lucknow city will have 34 km of active metro rail network.Phase-1B of the Lucknow Metro project will introduce approximately 11.165…

India’s CPI inflation plunges to 8-year low of 1.55 pc

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New Delhi, Aug 12 (IANS) India’s inflation rate based on the Consumer Price Index (CPI) eased further to 1.55 per cent in July this year, compared to the same month of the previous year, as prices of food declined during the month. This is the lowest level of year-on-year retail inflation since June 2017, according to a statement issued by the Ministry of Statistics on Tuesday.The retail inflation in July was also lower by 55 basis points than the 2.1 per cent for the previous month of June th…

40 GWh battery cell capacity awarded to 4 firms, projects under implementation: Govt

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New Delhi, Aug 12 (IANS) In a bid to reduce dependence on Asian countries for lithium-ion batteries and other basic requirements, a total of 40 GWh Advanced Chemistry Cell (ACC) capacity has been awarded to four beneficiary firms, and the projects are under implementation, the Parliament was informed on Tuesday.India is mostly dependent on other Asian countries for the production and promotion of Electric Vehicles (EVs), exposing the industry to supply chain risks and price fluctuations.Most of …

Cabinet okays 4 semiconductor manufacturing units with Rs 4,600 crore outlay

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New Delhi, Aug 12 (IANS) The Union Cabinet, chaired by Prime Minister Narendra Modi, on Tuesday approved four more semiconductor projects under the India Semiconductor Mission (ISM) with an outlay of Rs 4,600 crore.The four proposals approved are from SiCSem, Continental Device India Private Limited (CDIL), 3D Glass Solutions Inc., and Advanced System in Package (ASIP) Technologies.With these, the total approved projects under the ISM have reached 10, with cumulative investments of around Rs 1.6…

MRF's Q1 net profit declines 13 pc to 483 crore, revenue up 7 pc

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Mumbai, Aug 12 (IANS) MRF Limited’s net profit for the April-June quarter (Q1 FY26) stood at Rs 483.23 crore, down 13 per cent year-on-year (YoY), according to an exchange filing on Tuesday.The tyre manufacturer had posted a net profit of Rs 562.55 crore in the corresponding month a year ago (Q1 FY25). The company’s profit fell by over 2 per cent quarter-on-quarter (QoQ) as well as from Rs 497.85 crore in the preceding quarter (Q4 FY25).However, revenue from operations for the quarter under revi…

Mega Tinkering Day 2025: Over 4 lakh students unite to build, innovate together in real-time

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New Delhi, Aug 12 (IANS) In India’s largest-ever school-based tinkering event, over 10,000 Atal Tinkering Labs (ATLs) mobilised more than 4 lakh students from across the country to build, innovate together in real-time, Niti Aayog said on Tuesday.The ‘Mega Tinkering Day 2025’ was hosted virtually and simultaneously in schools from 35 states and union territories by Atal Innovation Mission (AIM).A total of 4,73,350 students from 9467 ATL-equipped schools participated in the event and engage…

Govt involved in discussions on India-US bilateral trade deal: Minister

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New Delhi, Aug 12 (IANS) The government is still involved in the discussions on the India-US Bilateral Trade Agreement (BTA) with Washington with the aim to expand trade and investment through tariff stability and long-term trade predictability, the Parliament was informed on Tuesday.A reciprocal tariff at the rate of 25 per cent has been imposed on certain goods exported from India to the US, starting from August 7.It is estimated that around 55 per cent of the total value of India’s merchand…

Indian Railways offers free Wi-Fi services at 6,115 railway stations: Minister

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New Delhi, Aug 12 (IANS) Indian Railways is providing free Wi-Fi facilities at 6,115 railway stations across the country, the Parliament was informed on Tuesday.The free Wi-Fi service at railway stations is part of the government’s Digital India Programme, aimed at bridging the urban-rural digital gap.“Almost all railway stations across Indian Railways have 4G/5G coverage provided by the Telecom Service Providers. These networks are also being utilised by passengers for data connectivity, re…

India’s credit demand remains resilient, total AUM stands at Rs 121 lakh crore

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New Delhi, Aug 12 (IANS) India’s credit demand remains resilient, backed by rapid digitalisation, growing consumer aspirations and robust financial infrastructure, a report said on Tuesday.As of March 2025, Industry Assets Under Management (AUM) stood at Rs 121 lakh crore, reflecting a 21 per cent year-on-year (YoY) increase and a 4 per cent quarter-on-quarter (QoQ) rise, Experian, a global data and technology company, said in its report.Fresh disbursals during the quarter reached Rs 16 lakh cro…

India's WPI inflation in July likely drops to 2-year low as food prices decline: Report

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New Delhi, Aug 12 (IANS) Wholesale inflation in India likely dropped to a near two-year low in July, due to a significant decline in food and fuel prices, according to a Union Bank of India report.The Wholesale Price Index (WPI) is estimated to have fallen to -0.45 per cent year-on-year in July, down from -0.13 per cent in June. This is the lowest level since August 2023, signalling a continued deflationary trend in wholesale prices.”July ’25 WPI YoY likely fell to almost 2 years’ low of -0.45 p…