Sukumar's Pushpa 2: The Rule, a blockbuster that hit over Rs 1,400 crore at the domestic BO, is a Telugu film, also released in Hindi, Tamil, Malayalam, and Kannada

Cinema hall, Kashmir, South Kashmir

Railway Minister Ashwini Vaishnaw on Thursday said that the hydrogen fuel-run train engine developed by Indian Railways has the maximum horsepower in the world.
Vaishnaw, who is also the Union Minister in charge of Information and Broadcasting and Electronics & Information Technology, said this while speaking at a plenary session titled Green Connections: Diaspora's Contribution to Sustainable Development of the Pravasi Bharatiya Divas convention here.
Stating that only four countries in the world make such train engines, Vaishnaw said, They produce somewhere between 500 to 600 horsepower while the engine produced by Indian Railways using indigenous technology has an output of 1,200 horsepower, the highest so far in this category."
The minister said the first such train is expected to make a trial run in Haryana soon on the Jind-Sonipat route.
While the engine manufacturing has been completed, system integration of the same is currently underway, he said.
Noting that India's own .

Ashwini Vaishnaw, Ashwini, Vaishnaw, Railway minister

The minister said such technological advancement gives the nation confidence and India has a long way to go in terms of achieving technological self-sufficiency

The appliances and consumer electronics industry on Thursday urged the government to bring the second round of the production-linked incentive (PLI) scheme for products like compressors and motors and rationalise taxes and tariffs on imports.
It has also asked for reductions in tariffs on imports, which will help to make the products competitive in the global market, said industry body Consumer Electronics & Appliances Manufacturers Association (CEAMA).
"We, over a period of time, need to reduce the taxes. We need to reduce our tariffs so that really, our manufacturers can become competitive. We have a large base, and really we should be manufacturing for the world," said CEAMA President Sunil Vachani.
Besides, he also suggested creating large centres of excellence along the coastal areas, "where we can offer plug and play facilities to our MSMEs and offer land at attractive rates to a large corporate".
This will help in building export competitiveness, Vachani added while ...

appliances, electrical appliances

It has also asked for reductions in tariffs on imports, which will help to make the products competitive in the global market

The government on Thursday formed a committee, comprising officials from commerce and customs, to create a robust mechanism for publishing consistent and accurate data following errors in gold import figures.
In a statement, the commerce ministry said that due to the migration of data transmission mechanism from SEZ (special economic zone) to ICEGATE (Indian Customs Electronic Gateway), figures of precious metals needed revision as double counting was noticed.
The double counting occurred because the system was calculating both imports into SEZ and subsequent clearance into DTA (domestic tariff area) as separate transactions after the migration.
"A committee has been formed with stakeholders from DGCIS (Directorate General of Commercial Intelligence and Statistics), DG Systems (CBIC) and SEZs for the creation of a robust mechanism for publishing consistent data," it said.
The government has revised gold import data, bringing down numbers for November by USD 5 billion to USD 9.84 ..

Gold, Gold Coin

Govt said that due to the migration of data transmission mechanism from SEZ to ICEGATE, figures of precious metals needed revision as double counting was noticed

A day after the country's leading brewer United Breweries suspended supply to Telangana, beer industry body BAI on Thursday said the commercial viability of prices set by the state government has become far too stressed.
The prices allowed to supplier companies are actually below the cost of goods supplied as these prices are based on the cost of production in 2018-19, said Brewers Association of India (BAI) DG Vinod Giri.
On Wednesday, United Breweries Ltd (UBL), which operates with popular beer brands like Kingfisher, Kalyani Black, Heineken, and Amstel Bier, announced to suspend the supply of its beer to Telangana State Beverages Corporation with immediate effect.
The decision has been taken due to the non-revision of the basic price of the company's beer from 2019-20 by Telangana State Beverages Corporation Ltd (TSBCL), resulting in huge losses in the state, said United Breweries Ltd (UBL), now controlled by Dutch multinational brewing company Heineken NV.
Commenting on the ...

liquor beer

BAI DG Giri said that the prices allowed to supplier companies are actually below the cost of goods supplied as these prices are based on the cost of production in 2018-19

Income statements in the US haven't changed since maybe 1920

Cop29, fossil fuel, climate change, pollution

Cop29, fossil fuel, climate change, pollution, 2024 global carbon project data for fossil fuel emissions

E-way bills are mandatory for the movement of consignments worth more than Rs 50,000 and are, therefore, an early indicator of demand and supply trends in the economy

Logistics firm Delhivery has alleged that its IPO-bound rival Ecom Express has misrepresented numbers related to the two companies’ business metrics in its draft red herring prospectus (DRHP). These numbers relate to metrics such as shipment volumes,

Logistics firm Delhivery has alleged that its IPO-bound rival Ecom Express has misrepresented numbers related to the two companies' business metrics in its draft red herring prospectus (DRHP). These numbers relate to metrics such as shipment volumes,

While exporters benefit, import-dependent firms expected to struggle

auto export

Luxury car sales touched 51K units for first time in 2024

Luxury cars, cars

Union minister Nitin Gadkari on Thursday highlighted the growth of the country's auto sector in the past few years, during which it became the third biggest player in the segment, and said the aim is to become number one.
"...our number was seventh in the world but we are third in the automobile sector... we surpassed Japan and now our number is third," Union Road Transport and Highways Minister said while addressing a function at National Automotive Test Tracks (NATRAX) here.
"The size of the USA automobile sector at the top (of the table) was Rs 78 lakh crore industry size, while that of China was Rs 47 lakh crore," Gadkari said.
"When I took charge of the minister. The size of the industry was Rs 7.5 lakh crore and today its size is Rs 22 lakh crore. And this is the industry, which has created 4.5 crore jobs till now -- the highest in the country.
"This is the automobile industry, which is giving maximum revenue as a part of GST to the state government and Bharat Sarkar," he ...

Nitin Gadkari, Nitin, Gadkari

Gadkari said that when he took charge of the minister, the size of the industry was Rs 7.5 trillion and today its size is Rs 22 trillion

Global wholesales of Tata Motors' commercial vehicles, including the Tata Daewoo range, reached 97,535 units, reflecting a decline of 1 per cent compared to Q3 FY24

Tata Motors

This strategic move is expected to benefit over 50,000 industrial and manufacturing units of these clusters, administered by the UP State Industrial Development Authority

Micro, small & medium enterprises (MSMEs) have sought a dedicated fund to enhance India's global competitiveness and increase market share in global exports as part of recommendations ahead of the 2024 Union Budget. 	Harsh Kumar

The key reason is patients continuing to favour large hospital chains on the back of pan-India insurance penetration increasing to 38-40 per cent from 23 per cent in FY15

Hospital, Medical, Emergency, Doctor

One of the main reasons is that public procurement decreased due to delays caused by elections. The Budget could only be presented in July, resulting in a loss of six months, said Anil Bhardwaj

The cash flow from operating activities for small and medium enterprises (SMEs) listed on stock exchanges has more than halved (fallen 69 per cent) in the financial year 2023-24 (FY24) even as indices tracking the segment have been surg­ing.

Drawback and Rodtep will be available only against export of goods. At the time of export of goods, one must declare the value of the goods in the shipping bill

In 2018, as the President of the United States, Donald Trump called India the “tariff king”, citing the high import duties (100 per cent at that time) on Harley Davidson bikes, but also saying the Indian government was ready to reduce it.

The trade union representing the supervisory cadre of bank employees said this decision follows its 102nd Executive Committee Meeting held on January 6

Bank

Bank officers' union AIBOC on Thursday threatened to go on a nationwide strike on February 24-25 to press for their various demands, including a 5-day work week and adequate recruitment in all cadres.
Besides, the union has demanded immediate withdrawal of the recent directives of the Department of Financial Services (DFS) on performance review and PLI, which threaten job security and create division amongst employees.
It further pitched to fill the post of workmen/officer directors in public sector banks and resolution of pending residual issues with IBA.
In a statement, All India Bank Officers' Confederation (AIBOC) said it has been proposed by the executive committee to go for a two-day nationwide strike, tentatively scheduled for February 24-25, 2025.
If required, more stringent actions may follow. Agitation programmes will start soon after the notice of the strike is served this month.
The union alleged that micro-management of PSBs on policy matters by the DFS undermining th

Uco Bank, Uco, banking

Bank officers' union AIBOC on Thursday threatened to go on a nationwide strike on February 24-25 to press for their various demands, including a 5-day work week and adequate recruitment in all cadres.

In July 2024, the total strength of outsourced staff in the BFSI (banking, financial services, and insurance) space was 77,000, out of which 6,000 were recovery agents

Banks engage in cross-selling financial products from their subsidiaries and third parties to their customer base

data protection digital competition bill meity

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