India Positive - November 16, 2020
- November 16, 2020
Commercial SMS traffic grows by upto 20%, despite recent price hike by telcos
Commercial SMS traffic increased by ~20% due to increased digital adoption post pandemic. Currently, ~1.3 billion commercial SMSs are sent every day, according to industry estimates, even after a 30% increase in SMS tariffs taken by telecom operators in September, against ~1.1 billion sent in March.
PM inaugurates and lays foundation stone of various development projects in Varanasi
Prime Minister, Mr. Narendra Modi inaugurated and laid the foundation stone of various development projects in Varanasi. He also launched 16 schemes worth Rs. 220 crore (US$ 29.75 million) and informed that the work has already begun on 14 schemes worth Rs. 400 crore (US$ 54.09 million) saifin Varanasi.
Saffron bowl of India extends to the North East
The saffron bowl expanded from Kashmir to North East of India. North East Centre For Technology Application and Reach (NECTAR), undertook a pilot project to explore feasibility of growing saffron in North East region.
India can double manufacturing GDP: McKinsey report
India may have a US$ 300 billion opportunity and could double its manufacturing gross domestic product (GDP) in the next few years, according to McKinsey report.
Tata Group Launches 90-Minute Test Kits To Detect COVID-19
Tata Group has launched TataMD CHECK, a 90-minute test kit to detect Covid-19. As the Ministry of Science and Technology said in September, the nasal swab test, produced jointly by Tata and the government, is also more accurate than the rapid antigen test currently favoured in India.
Tata Steel, POSCO join forces to develop hyperloop tubes
Tata Steel and POSCO plan to collaborate to manufacture steel tubes for high-speed hyperloop transportation systems.
Exports show signs of improvement, up 22.47% during November 1-7: Official
India’s exports increased by 22.47% (on year-on-year basis) to reach US$ 6.75 billion in the first week of November, driven by strong growth in sectors such as pharmaceuticals, gems and jewellery. Pharmaceuticals, gems, and jewellery exports increased by 32% to US$ 139.12 million and by 88.8% to US$ 3,360.71 million, respectively.
Indian Railways engages RailTel to implement an HMIS across its health facilities
Indian Railways has engaged with RailTel Corporation of India Limited (“RailTel”) to implement hospital management information system (“HMIS”), an integrated clinical information system for its 125 health facilities and 650 polyclinics across India for improved hospital administration and patient healthcare.
Indian PC market shipped a record 3.4 million units in Q3, led by HP: Report
India's traditional PC market increased by 9.2% (on year-on-year basis) to reach 3.4 million shipments, in the third quarter of 2020, led by HP, according to IDC.
Indian astronomers collaborated with Nobel laureate on Thirty Meter Telescope Project
Indian astronomers collaborated with Nobel laureate on Thirty Meter Telescope Project, being installed at Maunakea in Hawaii.
Skoda Auto launches leasing scheme for Rapid, Superb models
Skoda Auto announced a leasing scheme for its Rapid and Superb models, under which it has offered monthly rental offerings starting at Rs. 22,580 (US$ 304.43) for 24-60 months.
Passenger vehicle wholesale up 14% to 3,10,294 units in October: SIAM
Passenger vehicle wholesale increased by 14% to reach 3,10,294 units in October 2020, due to increased demand in the festive season. Two-wheeler sales also rose 16.88% to 20,53,814 units, compared with 17,57,180 units in the same month last year, according to the latest data from the Society of Indian Car Manufacturers (SIAM).
Mr. Piyush Goyal invites the global investors to invest in India
Union Commerce and Industry, Railways, and Food & public distribution Minister, Mr. Piyush Goyal has invited the global investors to invest in India; highlights the benefit of the huge domestic market, and conducive business environment in the country.
Rs. 2-lakh-crore boost likely for economy as Cabinet clears decks for PLI scheme in 10 sectors
Union Cabinet has approved to extend the Production-linked Incentive (PLI) scheme, Rs. 2 lakh crore (US$ 161.64 billion) credit boost to 10 industrial sectors such as auto, auto components, battery manufacturing and white goods over the next five years.
HDFC Bank launches SmartHub Merchant Solutions 3.0, country’s first banking solution for merchants
HDFC Bank has launched SmartHub Merchant Solutions 3.0, a comprehensive banking and payment solution for retailers. This solution allows retailers and self-employed professionals to open a current account quickly and begin to accept in-store, online, and on-the-go payments.
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