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INOXAP to set up cryogenic unit for ArcelorMittal
INOXAP to set up cryogenic unit for ArcelorMittal

Mumbai,  Industrial and Medical Gases major INOX Air Products will set up a cryogenic 'Air Separation Unit' for ArcelorMittal Nippon Steel India at its Hazira Plant.

Accordingly, this air separation unit will supply oxygen and nitrogen gases required to meet the additional demand due to the phase

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India's FY22 budget has potential to lift growth: Fitch Ratings
India's FY22 budget has potential to lift growth: Fitch Ratings

 

Mumbai,   India's FY22 budget has the potential to lift economic prospects, as higher expenditure will support the near-term recovery and increased infrastructure spending could boost sustainable medium-term growth rates, said Fitch Ratings.

Accordingly, the ratings agency point

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Etihad's operating pilots, cabin crew vaccinated against Covid-19
Etihad's operating pilots, cabin crew vaccinated against Covid-19

New Delhi,  UAE-based Etihad Airways has become the first passenger carrier in the world with all its operating pilots and cabin crew vaccinated against Covid-19, the airline company said on Wednesday.

Accordingly, this move, the company said will help to curb the spread of Covid-19 and "give passen

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Telangana to set up National Centre for Additive Manufacturing
Telangana to set up National Centre for Additive Manufacturing

Hyderabad, The Telangana government, the Union Ministry of Electronics and Information Technology (MeitY), and the Additive Manufacturing Society of India (AMSI) are conceptualising a National Center for Additive Manufacturing (NCAM) in Hyderabad.

The centre would execute the draft national additive manufactu

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Lenovo to open 100 new 'exclusive stores' in FY 21-22
Lenovo to open 100 new 'exclusive stores' in FY 21-22

Bengaluru,  Lenovo on Wednesday said that the company will open 100 new "Lenovo Exclusive Stores" (LES) in India in the financial year 2021-2022.

This comes as an addition to their recent opening of the 400th Lenovo Exclusive Store in Bengaluru as part of its effort to continue offline retail e

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Govt to return to pre-COVID fiscal deficit path in 3 yrs: Sanjeev Sanyal
Govt to return to pre-COVID fiscal deficit path in 3 yrs: Sanjeev Sanyal

New Delhi,  The government, which announced higher spending in key sectors to propel economic growth after a COVID-triggered contraction, intends to return to its original fiscal deficit path in three years, Sanjeev Sanyal, Principal Economic Advisor to the Finance Ministry, said on Wednesday.

Addressing

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Robust demand recovery in US, Europe boosts India's engineering exports
Robust demand recovery in US, Europe boosts India's engineering exports

New Delhi,  Robust demand recovery in US and Europe has boosted India's engineering exports during January 2021 with outbound shipments growing by 18.69 per cent, EEPC India said on Wednesday.

According to EEPC Chairman Mahesh Desai, exporters have expressed optimism about external demand in the rema

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Sharper contraction of India's GDP expected in FY21
Sharper contraction of India's GDP expected in FY21

 

New Delhi,  The Indian economy is likely to witness a sharper contraction in the current fiscal as the Global Economic Conditions Survey shows that it is likely to contract by around 10 per cent, higher than the official estimates.

Official estimates project a contraction of around 7 per

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PNB signs MOU with IndianOil for E-dealer financing
PNB signs MOU with IndianOil for E-dealer financing

New Delhi,  Public sector lender, Punjab National Bank (PNB), on Wednesday signed a Memorandum of Understanding (MoU) with India Oil Corporation Ltd to cater to the financing needs of IndianOil dealers.

The MOU would benefit dealers with credit facilities at lower interest rates, nil margin, and with min

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Covid time course correction zooms India's cereals exports, wheat exports jumps five times
Covid time course correction zooms India's cereals exports, wheat exports jumps five times

New Delhi,   Contrary to expectations, India has become a food grain provider to the world during the time of the pandemic with exports of rice, wheat and coarse cereals witnessing a sharp jump during the first three quarters of 2020-21 financial year.

According to Ministry of Commerce & Industr

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