New Delhi: Providing further boost to ‘Make in India’, Ministry of Defence (MoD) signed a contract with Mahindra Defence Systems Ltd (MDSL) for supply of 1,300 Light Specialist Vehicles to the Indian Army, at a cost of Rs 1,056 crore, in New Delhi on March 22, 2021. The induction of vehicles is...
Forex reserves swell by $4.483 billion to record $585.324 billion
https://www.moneycontrol.com/news/business/forex-reserves-swell-by-4-483-billion-to-record-585-324-billion-6321851.html
India's forex reserves rise by $2.56 bn to hit all-time high of $581 bn
https://www.businesstoday.in/current/economy-politics/india-forex-reserves-rise-256-bn-to-hit-alltime-high-581-bn/story/426078.html
NEW DELHI: Apple is working on deepening its manufacturing capabilities in India by increasing local sourcing of components for iPhones besides bringing its partners to kick off local production of iPads, Airpods and MacBooks, people familiar with the matter told ET. They added that there has...
The Indian National Space Promotion and Authorisation Centre (IN-SPACe), the newly created space regulatory body, has received at least 26 proposals from Indian and foreign firms within months of government opening up the space sector, reports Times of India.
The proposals range from approval...
India's total foreign exchange (Forex) reserves stand at around US$579.346 Billion on 04 December 2020, the highest ever, with the Foreign Exchange Assets (FCA) component at around US$537.386 Billion, Gold Reserves at around US$35.728 Billion, SDRs (Special Drawing Rights with the IMF) of around...
Pravaig Dynamics, the Bengaluru-based EV manufacturer has unveiled its latest creation, which is an EV that looks futuristic and promises a range of 500 kilometres on a single charge.
Bengaluru-based Pravaig Dynamic is the best hope that India has of going head to head with Elon Musk’s Tesla...
Bengaluru-based EV startup Pravaig Dynamics expects to sell around 2,500 of its newly unveiled luxury electric vehicle Extinction MK1 every year. The company has issued a statement revealing its plans to initially produce 2,500 units of the EV annual from next year.
On Friday last week, the EV...
India's foreign exchange reserves rise by over USD 2.5 bn to record high of USD 575.290 bn
https://zeenews.india.com/economy/indias-foreign-exchange-reserves-rise-by-over-usd-2-5-bn-to-record-high-of-usd-575-290-bn-2327113.html
If it gets the go-ahead, Bharat Forge will become the first company to manufacture hovercraft in India. The company has already imported a hovercraft last year for technology absorption, a usual step in research and development process in product development
After artillery guns and combat...
India's forex reserves surge $4.277 bn to record high of $572.771 bn
https://www.business-standard.com/article/economy-policy/india-s-forex-reserves-surge-4-277-bn-to-record-high-of-572-771-bn-120112001218_1.html
Forex Reserves Surge USD 7.78 Bn to Lifetime High of USD 568.494 B
https://www.latestly.com/agency-news/india-news-forex-reserves-surge-usd-7-78-bn-to-lifetime-high-of-usd-568-494-bn-2144716.html
The country's foreign exchange reserves swelled by $5.412 billion to touch an all-time high of $560.532 billion in the week ended October 23, RBI data showed on October 30. In the previous week ended October 16, the reserves stood at $555.12 billion after increasing by $3.615 billion.
During...
BENGALURU (Reuters) - Tesla Inc chief executive Elon Musk indicated on Friday that the U.S. electric carmaker will make a foray into India in 2021.
“Next year for sure,” Musk said on Twitter in reply to a post with a photograph of a T-shirt with the message: “India wants Tesla”.
“Thanks for...
The country's foreign exchange surged by USD 5.69 billion to reach an all-time high of USD 487.23 billion in the week to March 6 following an increase in foreign currency assets, according to the RBI data.
In the previous week, the foreign exchange reserves had increased by USD 5.419 billion to...