India's supply chain and logistics sector gears up for global leadership

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New Delhi, Aug 7 (IANS) Amid India’s quickly changing logistics and procurement landscape, the International Procurement and Supply Chain Conference (IPSC) was organised here by the Blue Ocean Corporation and industry association ASSOCHAM to prepare the country for a leadership role in the field.Greenline Mobility Solutions CEO and ASSOCHAM’s Logistics and Warehousing Council Co-Chairman, Anand Mimani, emphasised that effective supply chain and procurement systems are essential to accomplishing …

New stations, policy reforms, FDI boost gas-based economy in India: Minister

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New Delhi, Aug 7 (IANS) The government has taken various steps to support the growth of a gas-based economy, which include augmenting the availability of LNG for various sectors, open general licensing (OGL) and others, the Parliament was informed on Thursday.”Demand of natural gas in the country is met through domestic production of natural gas as well as import of Liquefied Natural Gas (LNG),” Minister of State of Petroleum and Natural Gas, Suresh Gopi, said in a written reply in Lok Sabha.Eig…

Rs 6,411 crore disbursed for food processing units under PMKSY scheme

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New Delhi, Aug 7 (IANS) The Ministry of Food Processing Industries has approved 1,601 projects under the Pradhan Mantri Kisan SAMPADA Yojana (PMKSY), for which grants-in-aid to the tune of Rs 6,411.61 crore have been disbursed as of June 30, benefiting over 34 lakh farmers nationwide, the Parliament was informed on Thursday.The PMKSY scheme aims for the overall development of the food processing sector in the country. Under the PMKSY, financial assistance in the form of grants-in-aid is provided…

India is rightly defending its national interests: Prabhash Ranjan

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New Delhi, Aug 7 (IANS) India has taken the right stand by choosing to defend its national interests, even in the face of growing pressure from the United States, Prabhash Ranjan, Professor at OP Jindal Global University, said on Thursday as tensions between India and Washington escalate over tariffs and trade negotiations.Speaking exclusive to IANS on the tariffs imposed by the US — including a 25 per cent duty followed by another 25 per cent — allegedly in response to India’s oil trade wit…

US tariff hike to impact only 4.8 per cent of India’s total exports

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New Delhi, Aug 7 (IANS) While US President Donald Trump has announced the imposition of 50 per cent tariffs on India’s exports, this is expected to impact only 4.8 per cent of the total goods and services exports of the country worldwide, which surpassed a record $820 billion in 2024-25, according to official estimates.The 50 per cent tariff being imposed by the Trump administration will be applicable only to exports worth $40 billion to the US, a senior official said.Besides exports worth more …

IAMAI seeks amendment to use publicly available personal data for AI training

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New Delhi, Aug 7 (IANS) The Internet and Mobile Association of India (IAMAI) on Thursday requested the Centre to remove legal barriers to using publicly available personal data for training or fine-tuning of AI models.The industry body pointed out that it is impractical for AI companies to verify if all publicly accessible personal data was voluntarily provided by users. As of now, data protection rules mandate that AI companies should determine if the data available on public platforms is volun…

MapMyIndia’s Q1 profit falls 6.5 pc sequentially, revenue slips

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Mumbai, Aug 7 (IANS) CE Info Systems, the parent company of digital mapping and location technology firm MapMyIndia, on Thursday reported a 6.5 per cent drop in net profit quarter-on-quarter (QoQ) for the first quarter (Q1) of FY26.The company’s net profit declined to Rs 45.81 crore in Q1 FY26, down from Rs 49.02 crore in Q4 FY25, according to its stock exchange filing.MapMyIndia’s revenue from operations also slipped 15 per cent on a sequential basis, falling to Rs 122 crore in Q1 from Rs 1…

Myntra sees 20 pc growth in handloom demand, boosts role as platform for India’s artisan, textile heritage

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New Delhi, Aug 7 (IANS) As India celebrates National Handloom Day, Myntra on Thursday reaffirms its commitment to the country’s rich textile heritage and artisan community. Reflecting a strong consumer shift toward authenticity and craftsmanship, the platform has witnessed a 20 per cent year-to-date (YTD) growth in demand for handloom products — making it one of the fastest-growing segments within Myntra’s ethnic and occasion wear portfolio.With a carefully curated portfolio that spans 50 r…

NSDL shares jump 20 pc on second day post-listing, Laxmi Finance sees strong rally

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Mumbai, Aug 7 (IANS) National Securities Depository Ltd (NSDL) shares extended their gain on Thursday and rose 20 per cent at the closing bell. The shares of the company are now around 28 per cent higher than their debut price.NSDL debuted in the stock market on Thursday, at a 10 per cent premium above the issue price of Rs 800. The listing premium was lower than grey market estimates of 16 per cent.The Rs 4,012 crore IPO saw strong participation from all investor categories. The overall issue w…

LIC clocks 4 pc rise in Q1 consolidated profit; NII also grow

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Mumbai, Aug 7 (IANS) Life Insurance Corporation of India (LIC), the country’s largest life insurer, on Thursday reported a 3.91 per cent year-on-year (YoY) increase in its consolidated net profit for the June quarter of the current financial year (Q1 FY26). The profit rose to Rs 10,957 crore from Rs 10,544 crore recorded in the same period previous year (Q1 FY25), according to its stock exchange filing.LIC’s net premium income also showed steady growth. For the quarter under review, it stood a…