2nd hand medical devices imports derailing Atmanirbhar Bharat: Industry
Industry representatives also raised concerns about potential risks refurbished and pre-owned medical devices could pose to patient safety.
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Adani Defence launches South Asia’s largest ammunition, missiles facilities in Kanpur
The Adani group plans to invest over ₹3,000 crore in the facilities, which are expected to create around 4,000 jobs, Adani Defence says in a release.
Jupiter Wagons, BEML get defence contracts worth ₹802 cr; shares surge
First contract is for procurement of Qty-697 BOM Wagons, while the other is for MMME Mark II equipment
Steady-state of inflation shows ‘transient pick up’: RBI
RBI says magnitude and pace of transition to a lower inflation to be conditioned by speed of strengthening of economic activity and persistence of shocks
BPCL announces ₹49,000 cr capex for Bina refinery expansion; stock dips
Co to implement an ethylene cracker project at Bina Refinery; to setting up two 50 MW wind power plants; and petroleum oil lubricants, lube oil base stock installations
PLI schemes to create 60 lakh new jobs in 5 yrs: Centre
The Centre’s projections say the minimum production in India as a result of PLI schemes is expected to be over US$ 500 billion in 5 years.
Cautiously optimistic credit outlook for FY22: CRISIL
Aided by strong demand recovery, credit ratio rebounds to 1.33 in H2FY21, from 0.54 in H1FY21. GDP could grow at 11% in FY22, but the resurgence in Covid-19 cases is a key downside risk, says CRISIL.
India to be the third largest economy by 2031: Report
According to a BofA Securities report, the Covid-19 shock could delay India touching the GDP of Japan by three years. In their latest estimates, it will now happen by 2031 if the economy grows at 9%.
Toys are us
India seeks to claim pole position in the global toy industry. It helps that the country is becoming as adept at technologically cutting-edge toys as it is in making traditional ones.
Indian whisky’s lessons from Japan’s new rules
Innovation is all very well—for instance sourcing from multiple places and creating a new blend—but the product has to be authentic. And authenticity can only come by emphasising location.
