Author: NNI Editor
In 2023, road accidents in India claimed almost 1.73 lakh lives and left 4.63 lakh injured, as per according to data shared by States with the Union government. You might think, “I don’t drive, so I’m safe,” or “I’m a careful driver; accidents won’t happen to me.” But recent tragedies like the Jaipur-Ajmer highway fire or the Odisha train disaster remind us how little control we have over such situations.While road accidents are widely reported and brought out in the public eye, other incidents are just as disruptive. Home accidents, for instance, are a significant concern, with falls constituting about 30%…
A file image of the Maharashtra Legislative Assembly building is covered with scaffolding for renovation | Photo Credit: The Hindu The Budget Session of the Maharashtra legislature will be held from March 3 to March 26 in Mumbai. The State Budget for the fiscal 2025-26 will be presented in both Houses of the legislature on March 10. The session-related work was discussed at a meeting of the advisory committee of the Legislative Assembly and Legislative Council at Vidhan Bhavan in Mumbai on Sunday (February 23, 3035).During the Budget Session, the Legislative Assembly will function on Saturday, March 8, which is…
Assam Chief Minister Himanta Biswa Sarma said nearly 2,590 MoUs with investment proposals ranging between ₹5 lakh to ₹50 crore have been confirmed to be signed at the districts during the summit. File | Photo Credit: ANI The Assam cabinet on Sunday (February 23, 2025) approved investment proposals worth ₹1.22 lakh crore ahead of the second edition of the state business summit, Chief Minister Himanta Biswa Sarma said.Addressing a press conference after a Cabinet meeting, Mr. Sarma said that it had been decided that all MoUs, which will be signed during the Advantage Assam 2.0 Investment and Infrastructure Summit in…
Adjusted for prices, Germany’s machinery exports were 7.1 % below the previous year’s level. File | Photo Credit: Reuters India’s import of machinery and equipment from Germany in 2024 increased 2.6% to 4,298 million Euros, according to VDMA, an organisation for the machinery and equipment manufacturing industry in Germany and Europe.India constitutes 2.2% of Germany’s total export of machinery and equipment.However, export of machinery from India to Germany fell 4.9% in 2024 compared with the previous year.“German machinery and equipment manufacturing companies exported goods worth 199.6 billion Euros in 2024, which was 5% (nominal) lesser than the exports during 2023,”…
Krishna Prasad Chigurupati, Chairman and Managing Director of Granules India Limited. Photo: Generic drugmaker Granules India is foraying into the peptide segment and contract development and manufacturing organisation (CDMO) business with a ₹192.5 crore (CHF 20 million) acquisition of Swiss firm Senn Chemicals AG.Founded in 1963 and headquartered in Dielsdorf, Switzerland, Senn is focused on custom peptide manufacturing and supports global clients across pharmaceuticals, cosmetics and theragnostic industries, from early development to commercial production. The closing of the acquisition is subject to certain conditions and expected in the first half of 2025, Granules said in a filing on Friday, February…
Mithileshwar Thakur, secretary general of the Apparel Export Promotion Council. Photo: X/@MithileshwarT Apparel exports to Spain registered a 19.7% growth for the April-January 2024-2025 period compared with the same period the previous year.According to Mithileshwar Thakur, secretary general of the Apparel Export Promotion Council (AEPC), export of readymade garments rose 11.6 % during April 2024-January 2025 over the corresponding period the previous fiscal, “despite global headwinds, geo-political challenges and supply chain disruptions.”Garment shipments to the U.S. rose 13.8% and to the U.K., the growth was 8.9%. Exports increased to Germany too. However, the highest growth was to Spain. “Substantial growth…
The story so far: Ratings agency S&P on Friday upgraded Kotak Mahindra Bank (KMB)’s ratings to ‘BBB’ from ‘BBB-’ after the Reserve Bank of India (RBI) lifted restrictions that barred the private lender from onboarding new customers and issuing fresh credit cards. Elaborating on the rationale, it held that the private lender was “well positioned” for growth in the next two years and “likely” to maintain “strong capitalisation”. “This, together with the banks’ good risk management and strengthened technology infrastructure, will support growth, particularly in new credit card issuances and digital onboarding,” it held. What exactly had happened? In April last…
Mr. Sandeep Chaudhry with Mr. Ricardo Maciel Tecumseh Products Company LLC, a global innovator in commercial refrigeration technologies, has unveiled the expanded AL Series Compressor platform that offers up to 25% greater energy efficiency, resulting in substantial energy savings.“The AL Series is a testament to our commitment to energy efficiency and sustainability. This compressor platform reaffirms our leadership in refrigeration technology, delivering industry-leading performance, low noise levels, and long-term reliability,” Ricardo Maciel, President & CEO of Tecumseh Products Company said.“As the demand for high-efficiency refrigeration continues to grow, we are introducing the AL Series to the Indian market, enabling businesses to optimize…
India’s import of machinery and equipment from Germany in 2024 increased 2.6% to 4,298 million Euros, according to VDMA, an organisation for the machinery and equipment manufacturing industry in Germany and Europe.India constitutes 2.2% of Germany’s total export of machinery and equipment.However, export of machinery from India to Germany fell 4.9% in 2024 compared with the previous year.German machinery and equipment manufacturing companies exported goods worth 199.6 billion Euros in 2024, which was 5% (nominal) lesser than the exports during 2023, VDMA said in a press statement. Adjusted for prices, machinery exports were 7.1 % below the previous year’s level.Germany’s…
Sunil Bharti Mittal, Founder and Chairman of Bharti Enterprises, receives the Honorary Knighthood medal (as Knight Commander of the Most Excellent Order of the British Empire – KBE) from the British High Commissioner to India, Lindy Cameron, at a special investiture ceremony in New Delhi. | Photo Credit: Special Arrangement Sunil Bharti Mittal, Founder and Chairman of Bharti Enterprises, has received the insignia of the Knight Commander of the Most Excellent Order of the British Empire (KBE).He was presented the medal on on Friday (February 21, 2025) for the award that was received last year, with presence of friends and…