Govt considers royalty on natural gas flared by producers
The central government is considering recovering royalties on natural gas that oil and gas producers flare from domestic fields, amid concerns that fuel equivalent to…
Peak XV, Activate in talks to invest in Silicon Valley AI dictation startup Wispr Flow
Peak XV Partners and Haptik founder Aakrit Vaish’s AI-focussed investment fund Activate are in talks to participate in Wispr Flow’s new funding round, which is…
Hyderabad’s BluJ rolls out e-aircraft prototype
Deep-tech aviation startup BluJ Aerospace on Tuesday unveiled the second-generation prototype of its heavy-payload electric vertical take-off and landing (eVTOL) aircraft. The Hyderabad-based company aims…
Andhra Pradesh, Sidbi to set up ‘angel fund’ for startups
New Delhi: In a big move to encourage deep-tech startups, the Andhra Pradesh government is set to create an “angel fund” to help startups in…
Ship-building scheme gets 12 applications seeking incentives
New Delhi: The government has received a dozen applications seeking incentives under the ₹24,736 crore Shipbuilding Financial Assistance Scheme for local manufacturing of specialised high-value…
Government operationalises amended insolvency law, sets 14-day admission deadline for NCLT
New Delhi: The corporate affairs ministry has notified May 26 as the date for operationalising dozens of sections and clauses of the amended insolvency law,…
India, Canada aim to seal free trade deal by November-end, Goyal says Carney ‘shaved off a month’
New Delhi: India and Canada are looking to conclude talks for a free trade agreement (FTA) by December-end, said commerce and industry minister Piyush Goyal,…
New IIP series to track CCTV cameras, stents, vaccines, card products
India’s new Index of Industrial Production (IIP) will track 120 new items such as magnetic stripe cards including debit and credit cards, CCTV cameras, non-woven…
Finmin pushes for wider local sourcing norm in incentive schemes
New Delhi: The finance ministry is pushing ministries to integrate domestic manufacturing and procurement requirements into incentive and subsidy schemes before seeking expenditure approval, according…
Jingle bell blues: Christmas orders from US, Europe drop 10-15% as West Asia crisis bites
New Delhi: Christmas goods orders from the key markets of the US and Europe have declined 10-15% this year amid global economic uncertainties exacerbated by…