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Macrotech acquires Bain Capital's stake in 3 entities for Rs 3 Bn
GMDA Plans New Bus Terminal near Millennium Metro Station
The GMDA is reportedly planning to develop a new bus terminal in Sector 29 to enhance the city's public transport infrastructure and improve connectivity for commuters. The metropolitan authority is expected to discuss the matter in an upcoming meeting with the Haryana chief secretary this week. It has been revealed that approximately three acres of land have been identified for the project. However, the land is currently held by the transport department, and the GMDA is seeking its transfer in order to proceed with the plan. If the GMDA's proposal is approved, the bus terminal will be locate..
India, Norway Forge Ties, Plan to Launch Startup Bridge
Union Commerce and Industry Minister Piyush Goyal proposed on Sunday the launch of a startup bridge between Norway and India, as the two countries explored ways to strengthen their trade relations. Norwegian Ambassador to India, May-Elin Stener, suggested that the initiative could be launched during the Indo-Nordic summit next year. While addressing the India-Norway Business Forum, organised by the Confederation of Indian Industry (CII) in collaboration with the Department for Promotion of Industry and Internal Trade (DPIIT), Goyal committed to working collectively with the relevant ministrie..
PLI Schemes Have Led To Investments of Over Rs 1.25 Trillion
Prime Minister Narendra Modi stated on Monday that India's Production Linked Incentive (PLI) schemes have attracted investments of over Rs 1.25 trillion. While speaking at the Rising Rajasthan Global Investment Summit 2024, he highlighted that the role of the PLI scheme in boosting manufacturing in India is growing. PM Modi mentioned that there is considerable enthusiasm in sectors such as electronics, specialty steel, automobiles and auto components, solar, and pharmaceuticals. He further noted that investments of approximately Rs 1.25 trillion have been made due to the PLI scheme, with prod..
