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
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
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
Reliance Industries plans massive ecosystem in Navi Mumbai, including data centres and logistics
Billionaire Mukesh Ambani’s Reliance Industries is planning massive investments in Navi Mumbai, to set up an industrial township that will have an entire ecosystem consisting of industries, logistics infrastructure, data centres, retail, and other infrastructure to support the ecosystem, sources said. The infrastructure will be built in Navi Mumbai IIA
Global Parametrics in pact with Frontier provide crop insurance to women smallholder farmers
Global Parametrics, a CelsiusPro Group company, has partnered with Frontier Markets, a rural social commerce platform, to provide women smallholder farmers in India with affordable crop insurance. The programme initially covers 5,000 farmers and benefits an estimated 24,000 individuals in its first year. A media statement said Global Parametrics
Blenders, support boost tea sales at Coonoor auctions
Useful support lent by blenders and packagers, who sell to retail outlets in packets, helped increase tea sales at Coonoor auctions, despite the market being irregular market. Traders said the price was maintained at the bottom level while high-priced tea categories were irregular in sale no:4. Global Tea Auctioneers said
Gold has provided 8% annual return since 1971, says WGC research
Gold prices have increased by 8 per cent on an annualised basis since 1971, comparable with that of equities but higher than that of bonds. The precious metal has outperformed many other asset classes over the past three, five, 10 and 20 years besides 2024, the World Gold Council (WGC)
Takeover tussle intensifies: Florida investor Danny Gaekwad ups the ante with 55% stake bid for Religare
Florida-based businessman Danny Gaekwad announced on Sunday that, if permitted by SEBI, he would be willing to acquire a controlling stake in Religare Enterprises Ltd (REL) by launching a competing open offer for 55 per cent of the company’s outstanding share capital. This marks a significant shift from his earlier