India and China agree to resume direct air services and Kailash Mansarovar Yatra in 2025, improving strained relations.
Building on the thaw in relations, India and China have agreed in principle to resume direct air services between the two countries and restart the Kailash Mansarovar Yatra in the summer of 2025. According to the Ministry of External Affairs, the agreements were part of the decisions taken by Foreign
Goyal, Omani Minister discuss proposed FTA, trade & investment ties
Commerce & Industry Minister Piyush Goyal held an “engaging and excellent” meeting with his Omani counterpart Qais bin Mohammed Al Yousef in Muscat on Monday which may provide momentum to the India-Oman free trade agreement negotiations. India, however, may remain measured in its responses to demands from Oman for greater
Battle for Control: Danny Gaekwad moves to seize 55 per cent stake in Religare, writes to REL Board on competing offer
Florida-based businessman Danny Gaekwad has written to the Board of Religare Enterprises Ltd (REL) conveying his intent to launch a competing offer to the Burman Group’s open offer, which opened on Monday. The letter, received by REL on Monday, follows Gaekwad’s communication to SEBI Chairperson on Sunday, in which he
Hydrogen Fuel Cell train set from ICF to be launched by March
The Integral Coach Factory (ICF) is working on its flagship project for the Hydrogen Fuel Cell train set. Hydrogen fuel cell coaches are currently under production at ICF. The train set is likely to be turned out by March, said U Subba Rao, GM, ICF. In his Republic Day speech
Sugar crushing season may end early on sugarcane shortage in Maharashtra, Karnataka
Despite a late start, the ongoing sugarcane crushing season for the year 2024-25 will likely be curtailed early in Maharashtra and Karnataka for want of sugarcane for crushing. Sugar cane production is estimated lower during the current season as the yield has been affected by pest infestation and water stress
India’s wheat procurement unlikely to be hit by higher market price
Despite wheat prices ruling high currently in the market, the government is optimistic about good procurement when the rabi marketing season begins. It is view is based on the 2023-24 purchases, which was 40 per cent higher than the previous season despite higher inflation of 17 per cent just before
Vishwaraj Sugar to invest ₹250 cr in new factory in Belgaum
Vishwaraj Sugar Industries plans to set up a new sugar factory with a crushing capacity of 5,000 tonnes of cane per day (TCD) and 150 kilo liters per day (klpd) distillery in Belgaum with an investment of about ₹250 crore. Mukesh Kumar, Executive Director, VSIL said the proposed plant will
Soaps to get costlier as FMCG cos warn of more price hikes
With the uptick in palm oil prices, major Fast Moving Consumer Goods (FMCG) companies are expected to hike soap prices further in Q4, according to indications given by leading companies in the sector, who have warned that the hikes could be higher than seen in the third quarter. The price
Jaishankar to meet UAE leadership to discuss enhancement of bilateral ties
External Affairs Minister S Jaishankar is on a three-day visit to the United Arab Emirates where he will meet the country’s top leadership to advance the India-UAE comprehensive strategic partnership. “During the visit, EAM will meet the leadership of the UAE to review the close partnership between the two countries
2024 N-E monsoon ends, but easterly waves may bring odd showers
North-east monsoon rains have ceased over Kerala & Mahe, south interior Karnataka, Tamil Nadu, Puducherry & Karaikal, Rayalaseema and adjoining areas of Coastal Andhra Pradesh & Yanam on Monday, exactly a month after the normal date. The 2024 season may come to an end, but an easterly wave crossing southern