First experimental flight of India's next generation launch vehicle GSLV MK-III successful

New Delhi: The first experimental flight (GSLV Mk-III X/CARE) of India's next generation launch vehicle GSLV Mk-III was successfully conducted on December 18, 2014, from Satish Dhawan Space Centre SHAR, Sriharikota.

GST Bill ready to be tabled after Cabinet approval

The Cabinet has approved the Constitutional Amendment Bill on the Goods and Service Tax (GST), paving the way for the legislation to be introduced in the current winter session of Parliament, which will end on December 23, 2014.The Government aims to implement GST by April 1, 2016.

Agreement signed with NASA

A number of agreements have been signed between Indian Space Research Organisation (ISRO) and National Aeronautics and Space Administration (NASA) including implementing arrangement for cooperation on the NASA-ISRO Synthetic Aperture Radar (NISAR) mission for scientific studies on Earth.

RBI extends 5:25 scheme to some existing infrastructure projects

The Reserve Bank of India (RBI) has extended its flexible refinancing and repayment option-5:25 scheme-for long term infrastructure projects to existing ones where the total exposure of lenders is more than Rs 500 crore (US$ 78.56 million).

Digital India plan could boost GDP up to US$ 1 trillion by 2025

The adoption of key technologies across sectors spurred by the 'Digital India initiative' could help boost India's gross domestic product (GDP) by US$ 550 billion to US$ 1 trillion by 2025, as per research firm McKinsey.

Establishment of science cities

National Council of Science Museums (NCSM), an autonomous organisation under the Union Ministry of Culture, is engaged in establishment of science centres. So far, NCSM has received eight proposals for establishment of science cities across the country.

Initiatives for investment in hydro power development

The Government of India has taken a number of initiatives to boost hydro power development and hydro power projects in order to meet the country's power requirements which include policy initiatives like National Electricity Policy, Hydro Power Policy, National Rehabilitation & Resettlement Policies, National Tariff Policy etc.

Swachh Bharat: Centre to spend Rs 2 lakh crore in 5 years

The Centre would spend around Rs 200,000 crore (US$ 31.95 billion) over the next five years for the Swachh Bharat Mission, as per Mr M Venkaiah Naidu, Union Minister for Urban Development, Government of India.

M-cap of SMEs tops Rs 10,000 crore on BSE

The market capitalisation of the 82 listed small and medium enterprises (SMEs), on BSE's separate platform, reached Rs 10,118.90 crore (US$ 1.62 billion) on December 12, 2014.

Global investors buy US$ 2 billion office space in 2014

Foreign investors have bought tenanted office space worth over US$ 2 billion in India in 2014, a four-fold rise compared to the previous year, in order to increase their rent-yielding commercial assets in Asia's third largest economy.

India becomes fastest-growing, third-largest market for Dell

India has emerged as the fastest growing market for Dell globally and third largest market in terms of revenue after the US and China, said Mr Alok Ohrie, Managing Director, Dell India.

Motherson Sumi buys assets of Scherer and Trier for US$ 44.8 million

Motherson Sumi Systems Ltd has acquired assets of German auto parts maker Scherer & Trier GmbH & Company KG, which includes two factories. The acquisition will be made through its Netherlands-based subsidiary Samvardhana Motherson Automotive Systems Group BV for Rs 285.10 crore (US$ 44.8 million).