Flurry of Partnerships As Indian Electrical Vehicle Market Hots Up New Delhi, Apr 15 (KNN) The first half of April 2024 witnessed a flurry of strategic partnerships and investments aimed at bolstering India's electric vehicle (EV) manufacturing capabilities and charging infrastructure. These moves come as the country braces for an anticipated surge in EV adoption over the next decade. In a bid to develop a robust nationwide charging network, MG Motor India signed a pact with Adani TotalEnergies E-Mobility Limited to set up DC chargers at upcoming MG dealerships. This collaboration aims to str ..read more

Pusa Krishi Spearheads Agri-Innovation With UPJA & ARISE Startup Incubation Programs New Delhi, Apr 15 (KNN) Pusa Krishi, Indian Agricultural Research Institute (IARI), a premier institution fostering innovation in agriculture, has launched two flagship startup incubation programs – UPJA and ARISE, to support agri-preneurs and drive transformative solutions in the sector. Launched on April 1, 2024, these initiatives provide comprehensive support, including funding, mentorship, and industry linkages, to nurture entrepreneurship and accelerate growth. The UPJA program targets entrepreneurs ..read more

Ambuja Cements Acquires 1.5 MTPA Grinding Unit In Tamil Nadu Tuticorin, Apr 15 (KNN) Ambuja Cements, the cement and building material subsidiary of Adani Group, has signed an agreement to acquire My Home Group's 1.5 million tonne per annum (MTPA) cement grinding unit in Tuticorin, Tamil Nadu. The acquisition, valued at Rs 413.75 crore and funded through internal accruals, will increase Adani Group's total cement capacity to 78.9 MTPA. The Tuticorin plant, strategically located near the port, is spread across 61 acres and has a long-term fly ash supply agreement for raw material sourcing. This ..read more

DSIIDC Unveils Blueprint For Delhi's First E-Waste Eco Park In Holambi Kalan New Delhi, Apr 15 (KNN) After years of delays, Delhi is finally moving forward with plans to establish its first electronic waste (e-waste) eco park in Holambi Kalan, according to senior officials. The Delhi State Industrial and Infrastructure Development Corporation (DSIIDC) has finalised the blueprint for the ambitious 21-acre facility and is currently inviting private partners to develop it on a public-private partnership (PPP) basis. The integrated e-waste management complex will feature decontamination units, di ..read more

DPIIT To Address Start-up Concerns On Angel Tax, ESOP Taxation In Upcoming Budget New Delhi, Apr 15 (KNN) The Department for Promotion of Industry and Internal Trade (DPIIT) is gearing up to address lingering concerns of start-ups related to Angel tax and taxation of Employee Stock Option Plans (ESOPs)in the upcoming budget to be presented after the general elections. DPIIT Secretary Rajesh Kumar Singh stated that there are four or five key elements that start-ups are concerned about, primarily revolving around issues like Angel tax, Tax Deducted at Source (TDS) on software-related matters, a ..read more

New RBI Licensing Norms For Payment Operators To Equalise Online & Offline Operators New Delhi, Apr 15 (KNN) The Reserve Bank of India (RBI) is expected to introduce guidelines for issuing licenses to operate in the point of sale (POS) business, aiming to tighten the offline payments ecosystem. This move will require third-party POS operators to obtain licenses to function in this space, impacting players such as Pine Labs, MSwipe, Paytm, and BharatPe, among others, reported businessline. The objective behind introducing a licensing framework is to ensure harmony in operations and establi ..read more

iPhone Exports from India Hits Record $10 Billion in FY24 New Delhi, Apr 15 (KNN) Apple has set a new milestone by exporting USD 10 billion worth of iPhones from India during the fiscal year 2024, according to government data. This represents a staggering 100 per cent increase over the previous fiscal year's exports under India's Production-Linked Incentive (PLI) scheme. This achievement marks the largest-ever export of a single branded consumer product from India by any company. iPhone exports accounted for a whopping 70 per cent of Apple's total production in India during fiscal 2024. The t ..read more

Tesla & Tata Electronics Forge Semiconductor Deal For Global Operations New Delhi, Apr 15 (KNN) Tesla, the world's most valuable automotive company, has struck a strategic deal with Tata Electronics to source semiconductor chips for its global operations. The deal, executed discreetly a few months ago, positions Tata Electronics as a reliable supplier for prominent global clients aiming to establish a crucial segment of their semiconductor value chain in India, reported ET. While the value and other specifics of the sourcing agreement between Tesla and Tata Electronics remain undisclosed ..read more

Traders and Micro Enterprises Find Place In BJP Manifesto New Delhi, Apr 15 (KNN) In its manifesto for the upcoming elections, the Bharatiya Janata Party (BJP) has outlined ambitious plans to support and empower the micro enterprises, small traders and Vishwakarma families. The BJP's manifesto states, "For centuries, small traders and Vishwakarma families have been making important contributions to the development of our economy.” The manifesto also mentioned, “We will promote a safe and innovative environment for the growth of MSMEs, small traders, and Vishwakarma families.” “We are committe ..read more

Govt Mulls Solar Cell Inclusion In ALMM To Curb Reliance On Chinese Imports New Delhi, Apr 15 (KNN) The Indian government is considering expanding its “Approved List of Models and Manufacturers (ALMM)” policy to include solar cells in addition to solar modules, according to government officials. The move aims to reduce reliance on Chinese imports and promote domestic solar cell manufacturing, reported Mint. The ALMM currently restricts the use of certain imported solar modules in government-supported projects. By adding cells to the approved list, India hopes to spur investment in local cell ..read more