Bhubaneswar, July 2 (IANS) The Rs 1.08 lakh crore ($11.5 billion) integrated greenfield aluminium project in Odisha, a 50:50 joint venture between Adani Enterprises Limited (AEL) and Abu Dhabi-based International Resources Holding (IRH), an IHC Group company, is expected to be Odisha’s largest foreign direct investment (FDI) proposal and India’s largest FDI in the metallurgy sector, it was announced on Thursday.The greenfield project will be developed in two phases with investments of Rs 66,000 …
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Washington, June 22 (IANS) US President Donald Trump has sharply intensified his criticism of The New York Times over its coverage of the recent Iran conflict, accusing the newspaper of publishing what he described as false reporting and claiming that the war had fundamentally altered Iran’s military and economic position. In two posts on Truth Social, Trump directly targeted a New York Times analysis article headlined, “What Changed After Almost 4 Months of War? Analysts Say Not Much.” The …
Washington, June 6 (IANS) President Donald Trump has hailed stronger-than-expected US jobs growth in May, saying the latest employment figures showed the economy was outperforming forecasts despite ongoing tensions with Iran. Speaking at an agriculture roundtable in Chippewa Falls, Wisconsin, on Friday (local time), Trump said the US economy added 172,000 jobs in May.”For the third month in a row, the jobs numbers … smashed all expectations,” Trump said.He said economists had projected far few…
Washington, June 5 (IANS) US President Donald Trump has announced a sweeping package of measures aimed at expanding the coal industry, pledging federal support for coal plants, coal mines and export infrastructure while arguing that coal remains essential to America’s energy security and economic competitiveness.Speaking at the White House, Trump described the initiative as a major step towards lowering energy costs and strengthening the nation’s electricity grid.“Today, we’re taking historic …
New Delhi, May 26 (IANS) OpenAI CEO Sam Altman on Tuesday said the rapid rise of artificial intelligence is unlikely to trigger the kind of global jobs apocalypse that many feared, admitting that his earlier concerns about massive white-collar job losses may have been overstated.Speaking at a conference hosted by Commonwealth Bank of Australia in Sydney, Altman said he had initially expected AI to eliminate a far greater number of entry-level white-collar jobs after the launch of ChatGPT in 2022…
New Delhi, May 9 (IANS) The mining industry of India has potential to contribute an additional $500 billion to the economy and generate nearly 25 million new jobs by 2047, provided the industry adopts advanced technologies and sustainable mining practices, a report has said.The joint report by Deloitte and the Indian Chamber of Commerce (ICC) said that the nation’s mining ecosystem is entering a major transformation phase as demand for minerals rises due to rapid infrastructure development, clea…
New Delhi, May 6 (IANS) The Emergency Credit Line Guarantee Scheme (ECLGS) 5.0 will help preserve industrial continuity, jobs and strengthen liquidity access for businesses, particularly micro, small and medium enterprises (MSMEs), industry chambers said on Wednesday.Rajeev Juneja, President, PHDCCI, welcomed the scheme as a timely initiative to address pressures from the ongoing West Asia crisis.”ECLGS is designed to address temporary liquidity shortages faced by industries during periods of ec…
Bhubaneswar, April 8 (IANS) Karan Adani, Managing Director of Adani Ports and Special Economic Zone (APSEZ), on Wednesday announced to invest Rs 33,081 crore in Odisha across three projects — a data centre in Bhubaneswar and a thermal power plant and a cement manufacturing unit near Cuttack — that will create a total of 9,700 jobs.The first project is a data centre in Bhubaneswar with an investment of Rs 800 crore, which he said will support the digital economy and create around 200 jobs.The s…
Amaravati, March 19 (IANS) As Ugadi gift to Andhra Pradesh youth, the state government, on Thursday, released the job calendar to fill more than 10,060 vacancies in various departments through State Public Service Commission. As per the job calendar, four notifications to fill the vacancies will be issued between May 15 and October 15, 2026.A total of 1,500 vacancies will be filled in the higher education department through a notification to be issued on May 15.Another notification will be issue…
Washington, March 19 (IANS) India’s water governance reforms, particularly in Maharashtra, could play a pivotal role in shaping how the world feeds 10 billion people sustainably, the World Bank said on Thursday, highlighting the state’s regulatory model as a global example. In a new report, the World Bank added that smarter management of water in agriculture is essential to meeting future food demand while generating millions of jobs, and that India’s policy innovations offer lessons for water-s…