2023 - Page 3 of 19 - News Orbiter

Corporate India

GRSE Lays Keel for ARS

GRSE achieves a key milestone by laying the keel for the Advanced Acoustic Research Ship (ARS) for DRDO’s NPOL. The vessel, a leap beyond the Sagar Dhwani, will significantly enhance India’s acoustic and oceanographic research, reinforcing the Atmanirbhar Bharat initiative.

Corporate India

ONGC’s Cost Cutting Drive Targets ₹9,300 Crore Savings

Oil and Natural Gas Corporation (ONGC) initiated a comprehensive cost optimisation programme to achieve ₹9,300 crore in savings by FY27. This move prepares the PSU for a future with oil prices around $60 per barrel while fighting production decline.

Corporate India

RBI Allows Banks to Fund Corporate Acquisitions

The Reserve Bank of India will now permit banks to finance mergers and acquisitions by Indian corporates. This new framework significantly expands the scope of capital market lending for the banking sector.

Corporate India

India Indigenous Nuclear Reactor Project Draws Interest ftom Corporate Giants

India’s largest corporate groups, including Reliance and Adani, show strong interest in NPCIL’s tender for the Bharat Small Reactors (BSR). The project, using indigenous PHWR technology, marks the first major entry of the private sector into nuclear generation, with a project deadline now set for March 2026.

Ministry of Skill Development and IIT Kanpur forge historic collaborations for skill development

News Orbiter Bureau10 November 202308 mins

In a groundbreaking initiative, the Ministry of Skill Development and Entrepreneurship witnesses the signing of Memorandums of Understanding (MoUs) between IIT Kanpur, Indian Institute of Skills (IIS) Kanpur, HAL, and Dassault Aircraft Services India. The collaboration aims to revolutionize skill development and empower India’s youth, focusing on aerospace, aviation, and defense sectors, particularly in the…

APEDA collaborates with Lulu Hypermarket to boost Indian Agri-product exports

News Orbiter Bureau9 November 202305 mins

In an effort to enhance the export of agricultural goods to the Gulf Cooperation Countries (GCCs), the Agricultural and Processed Food Products Export Development Authority (APEDA), a part of the Ministry of Commerce under the Government of India, has entered into a Memorandum of Understanding (MoU) with the renowned global retail giant, Lulu Hypermarket LLC….

South Eastern Coalfields achieves record 100 million tonne coal dispatch

News Orbiter Bureau2 November 202303 mins

South Eastern Coalfields Ltd (SECL), a subsidiary of Coal India, has achieved a record-breaking 100 million tonnes (MT) of coal dispatch for the fiscal year 2023-24. This remarkable achievement marks the fastest 100 MT coal dispatch in the history of this Chhattisgarh-based company since its inception. Notably, SECL has recorded a remarkable 17.65% growth compared…

NHAI awards TOT bundles 11 and 12 worth Rs. 6,584 crore to enhance India’s national highway network

News Orbiter Bureau2 November 202303 mins

In a significant move towards bolstering India’s National Highway Network, the National Highways Authority of India (NHAI) has awarded Toll, Operate, and Transfer (TOT) Bundles 11 and 12, encompassing a total length of 400 km, for an impressive Rs. 6,584 crore. These bundles comprise the Allahabad Bypass on NH19 in Uttar Pradesh and the Lalitpur…

Income Tax department smashes records with 7.85 crore ITRs filed by October-end

News Orbiter Bureau2 November 20232 November 202303 mins

In a remarkable achievement, the Income Tax Department has set a new record by receiving over 7.85 crore Income Tax Returns (ITRs) for all assessment years up to October 31, 2023. This number is a significant increase compared to the 6.85 crore ITRs filed during the same period in the previous fiscal year. For the…

Government e-Marketplace (GeM) soars to new Heights in Service Procurement

News Orbiter Bureau2 November 20232 November 202303 mins

The Government e-Marketplace (GeM) has been making remarkable strides in the procurement of services, demonstrating its dedication to streamlining government purchasing processes and enhancing transparency. Over the past few years, GeM has seen an extraordinary increase in transaction value, underlining its commitment to efficiency and transparency in government procurement. GeM’s growth in service procurement is…

Indian Mango exports soar, USA sees 19% increase in 2023-24

News Orbiter Bureau28 October 202305 mins

In a significant development, India’s mango export industry has expanded its horizons, achieving remarkable results in the first five months of the fiscal year 2023-24. With the dedicated efforts of the Agricultural and Processed Food Products Export Development Authority (APEDA), under the Ministry of Commerce and Industry, India has recorded substantial growth in mango exports,…

RECPDCL transfers SPV to POWERGRID for Rajasthan Renewable Power Evacuation

News Orbiter Bureau28 October 202304 mins

REC Power Development and Consultancy Limited (RECPDCL), a wholly-owned subsidiary of REC Limited, has formally handed over the Special Purpose Vehicle (SPV) designated for the ‘Ramgarh II Transmission Limited’ transmission project to the Power Grid Corporation of India Limited (POWERGRID). The SPV’s core objective is the establishment of a 765/400kV & 2×500 MVA 400/220 kV…

Headlines

Global Maritime India Summit 2023 attracts investments worth Rs 10 lakh crore

News Orbiter Bureau21 October 202321 October 202303 mins

The Global Maritime India Summit 2023, one of the world’s largest maritime gatherings recently held in Mumbai. , Achieving ‘Amrit Kaal Vision 2047’ milestone, the event marked a resounding success with 360 MoUs signed, pledging investments of Rs 8.35 lakh crores. Additionally, the summit unveiled investible projects worth Rs 1.68 lakh crores, demonstrating India’s increasing…

Prime Minister to launch priority section of Delhi-Ghaziabad-Meerut RRTS Corridor

News Orbiter Bureau18 October 202319 October 202304 mins

Prime Minister Narendra Modi is set to inaugurate a groundbreaking chapter in India’s transportation history as he unveils the priority section of the Delhi-Ghaziabad-Meerut Regional Rapid Transit System (RRTS) Corridor. The inaugural ceremony will take place at Sahibabad RapidX Station in Uttar Pradesh on October 20, 2023. During this momentous occasion, the Prime Minister will…