Articles for tag: Currency, ecofriendliness, Economic, Efficiency, Embarks, Ensuring, Future, Indias, Management, Monumental, Project, RBI, Revolutionize, Safety, Year

September 15, 2024

RBI embarks on a monumental 4-5 year project to revolutionize currency management, ensuring safety, efficiency, and eco-friendliness for India’s economic future.

The Reserve Bank of India (RBI) is planning a major overhaul of its currency management system over the next 4-5 years to meet the growing cash needs of the economy. This modernization will include building new currency management centers, automating warehouses, and improving security and inventory systems. The RBI noted that while the growth rate ...

September 12, 2024

Market News

Business

Corning accelerates growth in India with major investments in mobile tech and life sciences, marking a bullish future.

Corning is optimistic about its growth in India, focusing on mobile consumer electronics and life sciences. Currently, its automotive and optical fiber sectors generate the most revenue. The company, originally known for glass covers for light bulbs, has diversified into various glass technologies. To strengthen its presence, Corning plans to invest over Rs 1,000 crore ...

September 11, 2024

Market News

Business

The UK government grants £500 million to Tata Steel for decarbonization, securing jobs and a green future for Port Talbot.

The UK government has approved a significant 500 million pound grant to Tata Steel to support the decarbonisation of its operations in Britain. This funding will help install a modern electric arc furnace at Tata’s Port Talbot steelworks in Wales, part of a larger 1.25 billion pound green steel project. The agreement aims to preserve ...

September 10, 2024

Market News

Politics

Stalin’s US Visit: Job Promises or Just Another Political Show? Tamil Nadu’s Future Hangs in the Balance!

Tamil Nadu Chief Minister M K Stalin recently visited the US, where he oversaw the signing of significant industrial investment agreements in Chicago. These agreements, involving Jabil Inc. and Rockwell Automation, are expected to attract Rs 2,666 crore in investments and create over 5,300 jobs in Tiruchi and Kancheepuram districts. Additionally, a memorandum of understanding ...

September 10, 2024

Market News

Politics

Odisha’s ‘Development’: 2.6 Million Trees Sacrificed on the Altar of Progress—Whose Green Future Are We Really Building?

The dramatic reduction of trees in Odisha highlights a pressing environmental issue. Over 26 lakh trees have been cut down in the past 23 years under the previous government, primarily for development projects such as electricity services, mining, and road expansion. Environmentalists express grave concern, noting that felling more trees than are grown leads to ...

September 9, 2024

Market News

Business

Boeing’s Starliner capsule lands uncrewed amid safety concerns, jeopardizing the company’s legacy and the future of NASA’s astronaut missions.

Boeing’s Starliner spacecraft completed its uncrewed return from the International Space Station on September 6, 2024, landing safely in New Mexico. However, the mission has raised concerns as it did not carry the two astronauts it took to the station due to malfunctions in the capsule’s thrusters. While Boeing is proud of its space history, ...

September 5, 2024

Market News

Business

Government ITIs excel in new grading, boosting employment prospects and skills training for millions, signaling a brighter future.

Industrial Training Institutes (ITIs) in India have shown improved performance, signaling better employment prospects for students. In the latest grading by the Ministry of Skill Development and Entrepreneurship, nearly 19% of approximately 15,000 ITIs scored above 8 out of 10, up from 12.4% last year. The highest scorers, with grades of 9.6, are located in ...

September 4, 2024

Market News

Business

DirecTV vs. Disney: A Battle Shaping the Future of TV Bundling

DirecTV’s ongoing negotiations with Disney are transforming into a crucial debate about the future of bundled TV programming. Currently, 11 million DirecTV customers have lost access to ESPN amid this dispute, which has escalated during significant sporting events. DirecTV is pushing Disney to allow more flexible packages, enabling customers to opt-out of pricey sports channels ...

September 4, 2024

Market News

Business

Reliance Triumphs in EV Battery Production Bid, Boosting India’s Green Future

Reliance Industries has won a bid to produce electric vehicle (EV) batteries under India’s production-linked incentive scheme. The government announced this on September 4, 2024. Reliance can manufacture up to 10 gigawatts of advanced chemistry cells (ACCs), which are essential for EVs. They outperformed six competitors, including Amara Raja Energy and JSW Energy. This initiative ...

September 4, 2024

Market News

Business

Air India Unveils Bengaluru MRO Facility: 1,200 Jobs and Future Growth

Air India is set to enhance India’s aviation landscape with a new Maintenance, Repair and Overhaul (MRO) facility in Bengaluru. Announced by CEO Campbell Wilson, this project will create over 1,200 direct jobs for aviation engineers and significantly boost the local economy by generating seven times as many indirect jobs. The groundbreaking ceremony marked the ...