India and Sudan to promote cooperation in renewable energy

India and Sudan have good potential for enhancing cooperation in promoting renewable energy and offered to provide Indian assistance for developing renewable energy resources in Sudan, said Dr Farooq Abdullah, Union Minister of New and Renewable Energy, Government of India.

April-January jeera exports exceed 100,000 tonnes

Jeera (cumin) exports from India have exceeded 100,000 tonnes during April 2013-January 2014, on back of low prices and good quality.

India can quadruple revenues from Africa by 2025: McKinsey

Indian industry is expected to increase revenue from Africa. IT services, agriculture, infrastructure, pharmaceuticals and consumer goods – are the key to India boosting Africa revenues to US$ 160 billion by 2025, according to Mr Rajat Gupta, Director, McKinsey & Co.

Canadian firms propose FDI for Odisha solar project on 2,500 acres

Three Canadian companies, through a consortium, have proposed to invest about US$ 1 billion in Odisha for developing a 500 megawatt (MW) solar power plant and solar panel manufacturing unit.

India will need 1,300 aircraft over the next 20 years

India will need more than 1,290 aircraft, worth at least US$ 190 billion, over the next 20 years, as per Airbus. Indian carriers will require more planes between now and 2032, than what it had forecast in 2012, according to the latest report released at the India Aviation 2014 air show.

Employers see 41% net hiring in April-June

A survey of employers across India indicates that they anticipate a vigorous hiring pace during April-June 2014. Employers report an outlook of +41 per cent, according to the findings of Manpower Employment Outlook Survey of over 5,000 employers.

Indian aviation to attract US$ 12.1 billion investment

The Government of India has envisaged an investment of US$ 12.1 billion in the airports sector during the 12th Plan period, and of which, US$ 9.3 billion was expected to come from the private sector for construction of new and low-cost airports and expansion and modernisation of existing ones, said Mr Ajit Singh, Union Minister for Civil Aviation, Government of India.

JCB to relocate making of compaction equipment to India

JCB announced plans to relocate production of compaction equipment to factories in the UK and to Pune, India, and close the Gatersleben site in Germany. “The demand for larger compaction equipment is growing at a steady rate in India and we will now have flexibility to produce global quality machines in India for our customers in the region as well as for exports,” highlighted Mr Vipin Sondhi, MD and CEO, JCB India.

SpiceJet orders 42 Boeing 737s in US$ 4.4 billion deal

SpiceJet has signed a US$ 4.4 billion deal for 42 fuel-efficient Boeing 737 Max planes. The planes would be delivered from 2018 onwards. “We are looking at every aspect of procurement. We are introducing a new schedule and changing flight patterns which will improve productivity of pilots and crew by 20 percent, said Mr Sanjiv Kapoor, COO, SpiceJet.

Strand Lifesciences’ virtual liver gets US patent

Strand Lifesciences has received a US patent for virtual liver, which would aid the pharmaceutical industry in understanding liver-related issues better. A virtual liver would help in predicting and assessing hepatotoxicity of novel drug compounds in pre-clinical studies and would also help the pharmaceutical industry.

Infotech Enterprises to buy US firm Softential

Infotech Enterprises, through its US arm, plans to buy the US-based Softential Inc, which provides service management and service assurance solutions for telecom firms and cable operators.

Maruti to set up brand centres across India to showcase its products and technologies

Maruti Suzuki plans to set up brand centres at upmarket locations across India to showcase its products and emerging technologies in order to boost its image from being a maker of small cars to one that manufactures technologically-advanced vehicles across several segments.