Bhubaneswar, May 6 (IANS) Odisha Chief Minister Mohan Charan Majhi on Wednesday called for a “two-coast strategy” to drive India’s next phase of industrial growth, asserting that the east coast will play a defining role in the country’s economic expansion. CM Majhi, who is on a three-day visit to Gujarat, made the remarks while addressing industry leaders during his visit to Mundra Port and other industrial facilities on Wednesday.“India’s growth cannot remain one-sided. The next pha…
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Amaravati, May 5 (IANS) Andhra Pradesh is positioning itself as a global hub for next-generation manufacturing and digital infrastructure, said state minister Nara Lokesh on Tuesday.He stated that Andhra Pradesh is moving beyond hosting data centres to manufacturing the components that power the global data boom.The minister announced that a foundation stone will be laid on Wednesday for a new chiller manufacturing facility at Sri City.The state government sees this as a significant milestone in…
Washington, May 5 (IANS) US President Donald Trump said tariffs would remain a central tool of US trade policy, signalling tougher measures against China and other countries he accused of undercutting American businesses.Speaking at the White House, Trump said domestic firms had been hurt by cheaper imports. “You’re getting hurt by China and other countries making a product that’s not as good, but it’s less money,” he said ahread of his trip to China later this month.He argued that tar…
Washington, May 5 (IANS) US President Donald Trump said small businesses are the “lifeblood of the American economy”, highlighting tax cuts, deregulation and tariffs as key drivers of growth during remarks at the White House.Speaking at an event marking National Small Business Week, Trump said the sector plays a central role in economic activity. “The people in this room represent the 36 million small businesses who create 40 per cent of all economic activity in the United States,” he sa…
New Delhi, May 4 (IANS) The India‑New Zealand free trade agreement sets a bilateral trade target of $5 billion over five years and will act as a gateway to Oceania positioning India as a primary partner in the Pacific region, a report said on Monday.The report from Brickwork Ratings said the pact also envisages $20 billion of foreign direct investment into India over 15 years and that near‑term FDI will reportedly target pharmaceuticals, agri‑tech and education.Emerging technologies and gr…
New Delhi, May 4 (IANS) India’s manufacturing PMI rose to 54.7 in April, up from 53.9 in March, as output, new orders (including exports) and employment all grew moderately, pointing to continued resilience in India’s manufacturing sector, the HSBC Flash India PMI data showed on Monday.April data showed mild recoveries in growth of new business intakes and production among Indian manufacturers, but rates of increase were still the second-weakest since 2022. Exports was a bright area, with fi…
New Delhi, May 2 (IANS) India’s economy is likely to sustain growth above seven per cent in the near term even as geopolitical tensions in West Asia pose risks to the macroeconomic outlook, Chief Economic Adviser (CEA) V. Anantha Nageswaran said on Saturday.He noted that the timing of the conflict coincides with expectations of another year of strong growth, adding that the Union government is closely monitoring and managing crude oil supply dynamics.CEA Nageswaran said India’s reliance on impor…
New Delhi, May 1 (IANS) Vishvajit Sahay, a 1990 batch officer of the Indian Defence Accounts Service (IDAS), assumed the charge as Secretary (Defence Finance) in the Ministry of Defence, an official statement said on Friday.Prior to this appointment, he served as the Controller General of Defence Accounts (CGDA).An alumnus of St. Stephen’s College, University of Delhi and a law graduate, Sahay brings over three decades of extensive experience in Defence Finance and Public Administration. Accor…
New Delhi, April 30 (IANS) Renault Group India on Thursday said it has approached the National Company Law Tribunal (NCLT) to seek approval for a proposed restructuring of its India operations.The Duster-maker said in an official statement the plan aims to streamline its operating structure by separating powertrain manufacturing into a dedicated entity, while integrating vehicle manufacturing and sales under a single framework.The company said the move is intended to align with the distinct oper…
Washington, April 30 (IANS) President Donald Trump said his administration plans to release additional information related to unidentified flying objects (UFOs), while also projecting confidence in the US economy and investment environment.“We’re going to be releasing a lot of things that we have… I think some of it’s going to be very interesting to people,” Trump told reporters when asked about UFO files.He noted long-standing public interest in the subject. “They want to find out a…