India signs global ocean treaty to protect marine biodiversity on high seas

India has signed Biodiversity Beyond National Jurisdiction (BBNJ) — an international agreement to protect marine biodiversity on the high seas, External Affairs Minister Dr. S. Jaishankar informed.  Jaishankar signed the BBNJ agreement at the UN Headquarters in New York. “Signed the Biodiversity Beyond National Jurisdiction (BBNJ) Agreement today at the UN HQ,” he informed in … Read more

India steel sector at watershed moment, projected to reach 300 million tonnes by 2030

 India became the second largest steel producer with a capacity of 178 million tonnes and production of 144 million tonnes in FY24, which is projected to reach 300 million tonnes by 2030.  Minister of State for Steel and Heavy Industries, Bhupathiraju Srinivasa Varma, said that India’s and global demand for steel will continue to grow … Read more

Tata Motors breaks ground for $9,000 cr facility in Tamil Nadu to manufacture SUVs, JLR

Tata Motors on Saturday held the groundbreaking ceremony of its new Rs 9,000 crore facility in the state that will manufacture and export next-gen vehicles for Tata Motors and Jaguar Land Rover (JLR).  Situated at Panapakkam in Ranipet district, the plant will cater to both domestic and international markets, while creating over 5,000 jobs. Tata … Read more

29 Indian startups secure $461 million this week

The Indian startup ecosystem continued its growth momentum this week with securing nearly $461 million which included 10 growth-stage deals.  At least 29 startups were part of the funding week, which saw 18 early-stage deals, as one startup kept financial details undisclosed. Global digital adoption platform (DAP) leader Whatfix secured $125 million in a Series … Read more

India aims to become $3 trillion tourism economy by 2047

 As India aims to become a $3 trillion tourism economy by 2047, it is fast becoming one of the world's most sought-after travel destinations with 14.3 million international tourists in 2022 and $17.6 billion in revenue.  The country saw 9.2 million foreign tourist arrivals in 2023, signifying a positive post-pandemic revival. The tourism industry showed … Read more

Pluckk acquires D2C nutrition brand Upnourish

Pluckk, a first-of-its-kind digital lifestyle-oriented fresh food brand, announces the acquisition of Upnourish, one of India’s fastest-growing nutrition brands.  The deal, valued at $1.4 million, marks a significant milestone for both companies, now enabling the growth of a new vertical focused on nutrition. Founded in 2021 by Aayushi and Kuonal Lakhapati, Upnourish, a venture by … Read more

Investments under PLI set to reach Rs 2 lakh crore with 12 lakh jobs, industry elated

 Union Commerce Minister Piyush Goyal on Sunday said that the production-linked incentive (PLI) scheme has been a great success in terms of attracting investments and increasing exports, as actual investment is likely to reach Rs 2 lakh crore in the next year with 12 lakh jobs.  Engaging with the CEOs of over 140 PLI beneficiary … Read more