Recognised startups create over 16.6 lakh direct jobs: Centre
Recognised startups in India have created over 16.6 lakh direct jobs across more than 55 varied industries, the Parliament was informed on Friday.
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Young Indian professionals key to fulfilling global workforce requirements: Minister
India’s youth are the nation’s true wealth, with their talent and skills being recognised and appreciated globally, Union Minister for Labour and Employment, Dr Mansukh Mandaviya, has stressed.
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LG Electronics India files IPO papers to raise ₹15,000 crore
LG Electronics India filed for a ₹15,000 crore IPO, potentially India’s fifth-largest. The South Korean electronics giant, a market leader in several appliance categories, aims to sell a 15% stake. This marks LG’s second IPO in India, following Hyundai Motors.…
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Economists bat for new manufacturing policy, pvt investments push
The manufacturing policy should include a strategy on import tariffs, taxation, technology transfer and other related aspects to cover the entire spectrum of potential policy interventions, they are learnt to have told the minister.
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Centre’s Rs 15K cr PLI scheme for pharma to boost domestic manufacturing
The Union government has approved a financial outlay of Rs 15,000 crore for the Production Linked Incentive (PLI) scheme for pharmaceuticals, aimed at boosting domestic manufacturing.
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Ceat to acquire Michelin’s Camso brand for USD 225mn
Camso is a Canadian brand that makes tyres for tractors, harvesters, bulldozers and other off-highway vehicles which command higher margins compared to tyres for passenger vehicles and two wheelers. Michelin had in 2018 acquired the brand for nearly USD 1.5…
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