Business

Seoul, Aug 2025 : Hyundai Motor announced on Sunday that sales of its newly face-lifted Nexo hydrogen-powered SUV have surged to nearly 7,000 units since its launch in June, significantly outpacing the performance of its predecessor. Between June and August, sales of the upgraded hydrogen fuel cell electric vehicle (FCEV) reached 6,767 units, according to company data. This is a sharp increase compared with the first-generation Nexo, which sold just 1,500 units during the same three-month window following its debut…

Government policies and competitive industry driving India’s MedTech sector for sustained double-digit growth India making major strides towards self-reliance in high end medical devices Aug 2025 : Shri Amit Agrawal, Secretary, Department of Pharmaceuticals, highlighted India’s transformation into an emerging hub for medical technology at the 17th CII Global MedTech Summit, themed “Innovating for a Healthier Future – Advancing MedTech for Global Impact: Make in India, Make for the World”, in New Delhi. Addressing medical technology stakeholders at its opening plenary,…

India to manufacture every component of mobile phones, including Made in India chips: Shri Ashwini Vaishnaw India’s electronics growth story powered by ₹11.5 lakh crore production, ₹3 lakh crore exports and 2.5 million jobs under Make in India India’s stable and vibrant economy growing at 7.8% with strong innovation in electronics manufacturing: Union Minister Vaishnaw Union Minister of Electronics and Information Technology Shri Ashwini Vaishnaw today inaugurated India’s first Tempered Glass Manufacturing Facility for Mobile Devices at Noida. The facility…

Aug 2025 : Shri Hardeep Singh Puri, Minister of Petroleum and Natural Gas, today said that India has ramped up its policy focus and public investment for sports. “In this regard, India’s oil and gas PSUs have played a pioneering role,” the Minister emphasised. The Minister was speaking at an event organised by the Petroleum Sports Promotion Board (PSPB) in collaboration with the Delhi Soccer Association and Sudeva Academy to celebrate National Sports Day. 29th August is celebrated as India’s…

Aug 2025 : The Ministry of Statistics and Programme Implementation (MoSPI), Government of India, in collaboration with the Directorate of Economics and Statistics (DES), Government of Kerala, organised a one-day workshop on “Capacity Building of Coastal States on Development of Ocean Accounts” in Kochi, Kerala on 29th August 2025. The workshop brought together officers from Ministry of Earth Sciences, Directorates of Economics and Statistics, coastal States/UTs, members of the Expert Group on Ocean Ecosystem Accounts, experts from Central Marine Fisheries Research Institute, Indian…

Aug 2025 : The Textiles Industry  welcomes the important step taken by the Directorate General of Foreign Trade (DGFT) vide Notification No. 28 dated 28.08.2025, extending the Export Obligation (EO) period under Advance Authorisation for products subjected to mandatory Quality Control Orders (QCOs) issued by the Department of Chemicals & Petrochemicals (DCPC). The EO period has been enhanced from 6 months to 18 months. In respect of QCOs notified by the Ministry of Textiles, the EO period under Advance Authorisation…

Gurugram, Aug 2025: REC Limited, a leading NBFC and Maharatna Central Public Sector Enterprise under the Ministry of Power, celebrated National Sports Day with great fervour at its Corporate Office. CMD Shri Jitendra Srivastava warmly welcomed the guests on the occasion. The event was graced by Ms. Sujata Chaturvedi (IAS) as the Chief Guest, along with the presence of Khel Ratna awardee and Olympian Manu Bhaker, renowned motivational speaker Captain Shri Dharamveer, and Nachhatar Singh Johal, CEO – TOPS, Sports Authority…

We need to secure our supply chains and build for export markets: Shri Goyal Focus energies on preventive Healthcare and patient welfare: Shri Goyal Aug 2025 : Union Minister of Commerce and Industry, Shri Piyush Goyal today addressed the 17th CII Global MedTech Summit, where he urged the industry to have bold goals for growth and use the government’s Research Development and Innovation Scheme to meet the aspirations of a vibrant India. The Minister commended the Indian MedTech industry for…

Government Committed to Shielding Industry from Unilateral Actions: Shri Piyush Goyal This year our exports will be higher than last year: Shri Goyal Shri Goyal Highlights Prime Minister’s Call for ‘Zero Defect, Zero Effect’ and ‘Daam Kam, Dum Zyaada’ Manufacturing Recent FTAs with developed nations and fast tracking of talks with several countries and groups is due to their desire to trade with a rising India: Shri Goyal The capability of India is not being correctly understood by some experts…

Green Energy Project in Assam New Delhi, Aug 2025 : Power Finance Corporation (PFC), a Maharatna PSU and a leading NBFC in the Indian power sector, has signed a landmark loan agreement of JPY 60 billion with the Japan Bank for International Cooperation (JBIC). This deal strengthens economic ties between India and Japan but also marks a crucial step in the field of sustainable development. The financing, falling under JBIC’s “Global action for Reconciling Economic growth and ENvironmental preservation (GREEN)” initiative,…