August 31, 2016
Every day we compile the latest news on the Indian economy to keep you abreast and updated on the current state of commercial affairs. So that Indian economy news stays fresh and crisp as your daily newspaper, with inputs from the best resources. Our compilations bring business news reports that are relevant today and tomorrow, giving vital inputs on the various sectors of the Indian Industry and trade. The news gathered from across the financial and political hubs of India so that you know the shape of things to come in the Indian economy.
Gujarat has become the first state in India to distribute around 20 million LED bulbs in 96 days under the Unnat Jyoti by Affordable LEDs for all (UJALA) scheme: Ministry of Power
Bengaluru: Mr Rakesh Sasibhushan, Chairman and Managing Director of Antrix Corporation, has stated that the Indian Space Research Organisation (ISRO) plans to send into orbit a record 68 small satellites from countries across the world, in one mission, by early 2017.
New Delhi: A panel set by Government of India has cleared 16 highway projects worth Rs 7,456 crore (US$ 1.11 billion) for bidding in 11 states, totalling a length of 622 kilometer (km), including the construction of new roads, widening and expansion of existing highways, and rehabilitation and upgrade of some projects.
Pune: TomTom, a navigation and mapping products company headquartered in Amsterdam, has launched its first global innovation hub in India at Pune, Maharashtra, which will act as a strategic platform to enable its employees to upgrade their skills, innovate, raise ideas and think like entrepreneurs.
Chennai: LeEco, a Chinese technology company, has entered into a partnership with Compal Technologies and invested US$ 7 million to set up manufacturing facility at Greater Noida in order to start manufacturing Le2 smartphones in India.
Mumbai: Italian automobile manufacturer Fiat has announced its plans to start local production at Ranjangoan plant in Pune from the second quarter of next year at the launch of its two sports utility vehicles (SUVs), namely Jeep Wrangler and Grand Cherokee, in India.