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.

India’s exports reach US$ 60.29 Billion in May 2023

Vishal Duggal20 June 202301 mins

India’s overall exports in May 2023 have surged to US$ 60.29 billion, indicating a positive growth trend. Electronic goods exports witnessed a significant increase of 73.96% in May 2023 and a cumulative growth of 48.06% during April-May 2023 compared to the corresponding period last year. Agricultural exports also registered robust growth.

Among these particularly the export of rice and spices has been grown by 19% and 31.81% respectively during April-May 2023 in comparison to April-May 2022. Additionally, oil meals exports grew by 74.33% during the same period. Ceramic products and glassware showed an impressive growth rate of 17.36% in May 2023 and a cumulative growth of 17.29% during April-May 2023 over the corresponding period last year.

Vishal Duggal

Vishal Duggal possesses over two decades of journalistic experience across print and web domains. He headed the editorial team of “Sahara Time” a 48-page general interest English weekly newspaper. He was also a senior editor with Exchange4media group’s real estate magazine “Realty Plus” and prior to that Consulting Editor with “Geopolitics” a magazine on defence and strategic affairs, and Executive Editor with Pravasi Indians, a magazine on the global Indian diaspora. Currently, he lends his professional expertise to several publications and websites.