Search Results for: cross border

Import dependency of India's urea industry to fall 10-15 pc this fiscal

India's Urea Industry Marches Towards Self-Sufficiency

India's urea industry, a significant contributor to the country's chemical fertilizer demand, is on the brink of a significant shift. The industry, which currently relies on imports for 30% of its needs, is expected to reduce this dependency to 10-15% in the near-to-medium term. Aug 21, 2024
Optiemus begins telecom equipment manufacturing with Tejas Networks

Optiemus Joins Telecom Manufacturing to boast Make in India

Optiemus Electronics has partnered with Tejas Networks to manufacture telecom equipment in India. The partnership aligns with the 'Make in India' initiative and aims to reduce dependence on imports. The venture has boosted Optiemus Electronics' financial performance, with a 29.3% jump in net profit in Q1 FY25. The collaboration is expected to enhance domestic production and contribute to the goal of Atmanirbhar Bharat. Aug 20, 2024
Nine MoUs signed as India and Malaysia elevate relationship to Comprehensive Strategic Partnership

Nine MoUs signed as India and Malaysia elevate relationship to Comprehensive Strategic Partnership

Elevating India-Malaysia relationship to Comprehensive Strategic Partnership, Prime Minister Narendra Modi and visiting Malaysian PM Anwar Ibrahim held wide-ranging talks in New Delhi on Tuesday which culminated in the signing of nine Memorandums of Understanding (MoUs), ranging from digital technologies, tourism, recruitment, employment and repatriation of workers to co-operation in the field of Ayurveda and other traditional systems of medicine. Aug 20, 2024
India 2nd only to US in number of banks covered under deposit insurance: RBI Dy Governor

India Ranks Second Globally in Deposit Insurance Coverage

In a recent global conference held in Jaipur, India, on August 13, 2024, RBI Deputy Governor Michael Debabrata Patra announced that India's Deposit Insurance and Credit Guarantee Corporation (DICGC) has extended coverage to 1,997 banks. Aug 13, 2024
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