In this special Business Standard webinar, India's biggest leaders in banking and financial services discuss whether and how rural India could prove to be the next growth driver

Unlock BFSI 2.0: Will Rural India be the new driver of growth?

State-owned Indian Oil Corporation Ltd (IOCL) will invest Rs 61,000 crore to set up a naphtha cracker project at Paradip in Odisha, a statement said on Tuesday.
A Memorandum of Understanding (MoU) for this will be signed between the Odisha government and the IOCL in January during the 'Utkarsh Odisha  Make in Odisha 2025' summit, it said.
The foundation stone of the IOC's upcoming Rs 4,352 crore yarn project at Bhadrak will also be laid at that time, it added.
The decisions were taken at a meeting between Chief Minister Mohan Charan Majhi and IOCL Chairman AS Sahney in Bhubaneswar.
"The Naphtha Project in Paradeep has received in principle approval and IOCL will invest over Rs 61,000 crore for the project. It is likely to be one of the largest projects in the sector in the country. The State Government is an equity holder of this project, and will earn dividends in addition to taxes," said the statement issued by the Chief Minister's Office.
"It was also decided that, the foundati

The decisions were taken at a meeting between Chief Minister Mohan Charan Majhi and IOCL Chairman AS Sahney in Bhubaneswar

Lexmark, spun off in 1991 by International Business Machines Corp., is already a partner and supplier to Xerox

Born in Chennai, Krishnan's life took a pivotal turn when he persuaded his father to buy him a computer. He later became a well-known figure in the technology world of Silicon Valley and beyond

The regulator had sought "expressions of interest" (EoI) in July to build home-grown satellite constellations as part of a broader strategy to monetize the sector and ensure data sovereignty

The stringent measures under the stage-IV of the Grap in Delhi were lifted on Tuesday, following an improvement in the AQI

Police have managed to freeze a sum of Rs 4.65 crore out of Rs 7.5 crore lost by the Mumbai-based owner of a private company in a SIM swap cyber fraud, officials said.
In the SIM swap fraud, a form of identity theft, scammers trick the network provider into linking the mobile phone number of their target to a SIM card they have in possession and access to OTPs sent by the bank to the genuine person.
It is a form of account takeover where cyber crooks gain access to a victim's phone number. This allows them to assume control over the victim's mobile identity, enabling unauthorised access to personal online accounts linked to the number.
The private firm owner was duped for Rs 7.5 crore by cyber fraudsters in suburban Kandivali on Monday, officials said on Tuesday.
The scamsters got the access of the company's bank account with the help of SIM swipe and made multiple unauthorised transactions, an official said, adding the money was then transferred to various bank accounts in a span 

The private firm owner was duped for Rs 7.5 crore by cyber fraudsters in suburban Kandivali on Monday

Job creation, improving farm productivity, and mobilising public funds for infrastructure development were some of the issues that figured during the interaction between Prime Minister Narendra Modi and economists ahead of the 2025-26 Union Budget.
The Prime Minister on Tuesday met eminent economists and sectoral experts at NITI Aayog to hear their views and suggestions for the upcoming Budget.
Union Finance Minister Nirmala Sitharaman is scheduled to present the Budget for 2025-26 in the Lok Sabha on February 1, 2025.
According to an official statement, the Prime Minister emphasised that Viksit Bharat can be achieved through a fundamental change in mindset, which is focused towards making India developed by 2047.
The participants shared their views on several issues, including navigating challenges posed by global economic uncertainties and geopolitical tensions, strategies to enhance employment particularly among the youth, and create sustainable job opportunities across ...

Prime Minister Modi emphasised that Viksit Bharat can be achieved through a fundamental change in mindset, which is focused towards making India developed by 2047

Seek relief from state levies, Customs duties, pitch for single window clearance system

Russia-Ukraine War

The year 2022 is coming to an end and a lot has happened that shaped the world in the year. Let's have a look at some of these significant events

Google Messages

In January, Google rolled out end-to-end encryption in group chats for messages app users enrolled in the beta programme

Blend launches Blend Studio: AI tool for ecommerce photography

New Delhi [India], March 16 (ANI/PNN): Blend, an AI-powered design and photography application for DTC brands and ecommerce sellers, recently launched Blend Studio - the Chat GPT for product photos.

Celebrity and Travel Photographer Rahul Lokare from Flamingo Productions creates waves of change in the world of photography.

Xiaomi 13 Pro

Priced at Rs 79,999 for the 12GB RAM and 256GB on-board storage, the Xiaomi 13 Pro offers a novel imaging experience on top of a premium package

Unlock BFSI 2.0: Will Rural India be the new driver of growth?

In this special Business Standard webinar, India's biggest leaders in banking and financial services discuss whether and how rural India could prove to be the next growth driver

Explore News