DRI Arrests Man in Rs 65 Crore Duty Evasion Case in Surat SEZ
The DRI arrested Montu Gandhi for alleged customs duty evasion of Rs 65 crore by a Surat SEZ jeweller that imported diamonds duty-free and diverted them domestically.
Category : Industry
PM Modi's Gold Call May Impact 1 Crore Jobs
Prime Minister Narendra Modi's appeal to Indians to stop buying gold for a year to save foreign exchange could affect around 1 crore jobs in the gems and jewellery sector, stakeholders say.
Power Outages in Bhopal: Affected Areas and Timings
Bhopal faces power cuts from 6 am to 2 pm in multiple areas due to maintenance, metro construction, and line shifting work. Check full list of affected localities.
BMC Plans Modernisation of Badagada Haat in Bhubaneswar
Bhubaneswar Municipal Corporation initiates redevelopment of Badagada Haat into a modern commercial complex, preserving traditional vendor spaces and improving infrastructure.
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GRIHA Council, Credai Ahmedabad Partner for Green Buildings
GRIHA Council has signed an MoU with Credai Ahmedabad to promote green building standards through awareness, training, and industry engagement, aiming to extend sustainable practices to homes and offices.
Centre okays Rs 1,500 cr aid for Rajasthan dairy sector
The Centre has given in-principle approval of Rs 1,500 crore financial assistance to Rajasthan for dairy sector expansion and strengthening of RCDF.
Karnataka Auto, Taxi Operators Seek Aid Amid LPG Crisis
Autorickshaw and taxi operators in Karnataka urge government for financial aid and policy support due to prolonged LPG shortage, seeking subsidies for conversion to CNG and EVs.
Jewellery Stocks Fall Again After PM Modi Austerity Appeal
Jewellery stocks dropped for a second day following PM Modi's austerity appeal, as Sensex plunged 1,456 points and Nifty fell 436 points amid broad sell-off.
Gujarat Farmer Grows 14 Mango Varieties on One Tree
Ukabhai Bhatti from Gujarat's Amreli district has successfully grown 14 different mango varieties on a single tree using grafting techniques, inspiring farmers and preserving rare species.
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Yakult Strengthens Green Push with Sustainability Initiatives
Yakult Danone India reinforces its commitment to environmental stewardship through progressive sustainability initiatives, focusing on waste reduction, renewable energy, and community health.
Indian Manufacturers Urged to Prioritize Quality for Global Leadership
Indian manufacturers must embrace quality to lead global markets and realize the 'Make in India' vision, says PHDCCI conference speaker.
Green Mark Infra Boosts Technical Infrastructure and Expressway Focus
Green Mark Infra Limited is intensifying its focus on technical infrastructure design and expressway development, aiming to enhance project efficiency and contribute to India's infrastructure growth.
Perfumers Club Debuts Imperial, Grenade Perfume Series in India
Perfumers Club unveils its exclusive Imperial and Grenade series premium perfumes in India, blending luxury with unique fragrances for discerning customers.
India Faces Pressure for Fuel Price Hikes Amid Global Crude Rise
Despite stable fuel supplies, rising global crude prices and unchanged domestic rates are pressuring India to consider petrol and diesel price hikes, with oil companies losing Rs 1,000 crore daily.
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Carpooling Grows in Telangana Districts, Hyderabad Lags
Carpooling is rising in Warangal and Karimnagar as commuters share rides to cut costs, but Hyderabad sees little adoption despite PM Modi's push. Experts call for policy support.
Gold Industry Favors Recycling Over Purchase Cuts for Forex
India's jewellery industry opposes reducing gold purchases to protect forex, proposing instead to boost domestic recycling and mobilise idle gold stocks to safeguard livelihoods and cultural traditions.
Vanguard Aims to Double European Assets to $1 Trillion by 2030
Vanguard Group aims to double its European assets under management to $1 trillion by 2030, driven by expansion in retirement and ETF markets.
Pet Coke Shortage May Hit Aluminium Output Beyond Gulf: JP Morgan
JP Morgan warns that a global shortage of petroleum coke could disrupt aluminium production outside the Gulf region, impacting supply chains and prices.
L&T Tech Services and Emerson Partner for Engineering Innovation
L&T Technology Services and Emerson have announced a global strategic engagement to drive innovation in engineering excellence across multiple industries.
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India Cuts Oil and Gas Royalty to Spur Investment
The Indian government has reduced royalty rates for oil and gas fields to encourage upstream investments, aiming to boost domestic production and reduce import dependence.
Indo-French Investment Conclave in Bhopal on May 12
CM Dr. Yadav's initiative brings the Indo-French Investment Conclave to Bhopal on May 12, focusing on agri, EV, technology, renewable energy, and skill development.
India rationalises royalty rates for crude oil, natural gas
The Indian government has rationalised royalty rates for crude oil, natural gas, and casing head condensate to simplify regulations and boost the upstream energy sector, Union Minister Hardeep Singh Puri announced.
Deep Bond Market Key to Decouple Infrastructure Financing from Banks
NK Singh emphasizes the need for a deep bond market to separate infrastructure financing from commercial banking, reducing risk and fostering long-term growth.
Corporatisation of Major Ports: A New Era for Maritime India
The Indian government's plan to corporatise major ports aims to boost efficiency, attract private investment, and enhance global competitiveness in the maritime sector.
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Modi's Gold Appeal Sparks Fear in Jewellery Industry
PM Modi's call to avoid buying gold for a year triggers concerns in the jewellery sector. GJC proposes a gold monetisation scheme to reduce imports and support livelihoods.
Birla Corp Q4 Net Profit Rises 14.8% to Rs 295 Crore
Birla Corporation Ltd reported a 14.8% rise in Q4 net profit to Rs 295 crore, with annual profit surging 89% to Rs 558 crore. Cement production hit 19 MT.
Fire Guts Flat in Pune Kalyaninagar Society, No Injuries
A fire caused by a short circuit gutted a 10th-floor flat in an upscale Kalyaninagar society in Pune. No injuries were reported. Electronic goods and furniture were destroyed.
J&K to Auction 12 Limestone Blocks on May 12
The Jammu and Kashmir government will auction 12 limestone blocks on May 12, aiming to boost mining revenue and industrial growth in the region.
Zydex Paints Launches Silicate Mineral Paint
Zydex Paints introduces silicate mineral paint, a durable and eco-friendly alternative to conventional paints, offering breathability and long-lasting color.
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Chandigarh Admin May Split Industrial Plots, Hike FAR
The Chandigarh administration is considering dividing large industrial plots into smaller units and increasing the floor area ratio to boost industrial growth and optimize land use in the city.
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