Piyush Goyal Launches National Turmeric Board to Boost India's 'Golden Spice' Industry
In a move to enhance the production and export of turmeric, Union Minister for Commerce and Industry, Piyush Goyal, inaugurated the National Turmeric Board in New Delhi.
Palle Ganga Reddy was appointed as the first Chairperson of the Board, which will be headquartered in Nizamabad,.
The Board will focus on key areas such as research and development, value addition to turmeric products, and promoting awareness of the spice's medicinal and essential properties. It will also work on improving turmeric yield, enhancing logistics and supply chains, and exploring new international markets for turmeric.
Ensuring quality and safety standards for turmeric production and exports will also be a critical aspect of the Board's mandate.
India Ranks among the World's Best in Readiness for Future In-demand Jobs
India ranked 25th in the first Future Skills Index with an overall score of 76.6, released by London-based Quacquarelli Symonds (QS), though it emerged as the second most preferred country under the 'Future of Work' category just behind the US.
The index, which evaluated countries on their readiness to meet evolving job market demands, assesses a country's readiness across four main areas, skills fit, academic readiness, future of work and economic transformation.
Truecaller Appoints Hemant Arora as New Global Head of Its Substantial Ad Sales Business
Truecaller, the leading global communications platform, announced the appointment of Hemant Arora as Vice President, Global Ad Sales Business. With this strategic addition to its leadership team, Truecaller aims to further strengthen its position in the ads business and double down on its largest revenue stream, redefining its global ad sales strategy.
With over 25 years of expertise in driving high-growth revenue strategies and managing global operations, Hemant has consistently delivered transformative results for top-tier media and technology companies such as TikTok, Times Network, Dainik Bhaskar Group, NDTV Media and Discovery Networks South Asia. In his previous role at TikTok, Hemant was heading global accounts for Europe, APAC and METAP regions.
Jan 16, 2025
India's GDP Growth Projected to Reach 6.7% in FY25
India's GDP growth is projected to improve to 6.7% in the fiscal year 2025 (FY25), according to a CRISIL Intelligence report. This anticipated growth follows a moderation to 6.4% in the current fiscal year, down from 8.2% in the previous year.
The report highlights a sustained decline in food inflation, with the Consumer Price Index (CPI) inflation cooling to 5.2% in December from 5.5% in November. Food inflation eased to 8.4% from 9%, while non-food inflation remained stable at 3.1%. This trend is expected to create room for a rate cut by the Reserve Bank of India (RBI) in the coming months.
Jan 15, 2025
SECL Introduces Post-Retirement Benefit Cell
In an initiative aimed at enhancing the welfare of its retired employees, South Eastern Coalfields Limited (SECL), a Chhattisgarh-based subsidiary of Coal India Limited (CIL), launched a Post-Retirement Benefit (PRB) Cell. The cell, designed to provide a single-window solution for retired employees, reflects SECL's commitment to improving the post-retirement experience of its former workforce. The new PRB Cell consolidates various post-retirement services under one roof, ensuring that retirees no longer need to navigate between multiple departments. The initiative also complements 'Mission Sambandh', an ongoing SECL program aimed at fostering better communication and engagement with stakeholders.
DP World, AM Green Ink Pact to Develop Green Fuel Logistics Infra
Green hydrogen and ammonia producer AM Green of the Greenko Group, and global logistics major DP World entered into a pact to develop storage and logistics facilities for 2 million tonnes of green fuel per annum.
"Under the memorandum of understanding (MOU) DP World and AM Green will jointly develop logistics and storage infrastructure to facilitate the global export of 1 million tonnes per annum (MTPA) of green ammonia and 1 MTPA of green methanol," AM Green said in a statement Tuesday morning.
The logistics infrastructure will include developing port infrastructure across AM Green Net-Zero Industrial Clusters to facilitate global exports, creating bunkering infrastructure across Dubai, India, and Southeast Asia for green ammonia and methanol supplied from AM Green plants.
IMGC, GIC Housing Partner to Offer Mortgage Guarantee-backed Home Loans
India Mortgage Guarantee Corporation (IMGC) announced a partnership with GIC Housing Finance Ltd (GICHFL) to offer innovative mortgage guarantee-backed home loan products.
This strategic collaboration aims to introduce innovative mortgage guarantee-backed home loan products to prospective salaried and self-employed home loan customers, specifically designed to enhance accessibility and affordability in the growing housing finance sector.
Jan 14, 2025
Avenue Supermarts Appoints Anshul Asawa as CEO Designate
Avenue Supermarts Limited, which operates the DMart hypermarket chain in India, appointed Unilever's Anshul Asawa as the Managing Director and Chief Executive Officer (CEO) designate with effect from March.
Asawa, an IIT Roorkee and IIM Lucknow alumnus, has played a pivotal role in creating a portfolio and driving demand for Unilever's e-commerce home care segment. He was the company's Global Vice President for digital, e-commerce, and customer development.
INROAD Project: Enhancing Natural Rubber Quality in India's North-East
The INROAD (Indian Natural Rubber Operations for Assisted Development) project in the North East received financial support of Rs. 100 crore for improving the quality of natural rubber.
This initiative focuses on skill development for rubber growers and the establishment of model infrastructure, with support from key players in the tyre industry, demonstrating a unique collaboration between agriculture and manufacturing.
INROAD is a pioneering initiative in the global tyre industry, focusing on improving the quality of natural rubber through direct involvement from tyre manufacturers. The project is financially supported by four major companies – Apollo, Ceat, JK, and MRF. The Rubber Board of India oversees its implementation.
C-DOT and IIT Mandi Sign Agreement for Developing Semiconductor Chip
In a step towards developing Indigenous state-of-the-art next-generation telecommunications technology, the Centre for Development of Telematics (C-DOT), signed an agreement with the Indian Institute of Technology Mandi (IIT Mandi) in collaboration with Indian Institute of Technology Jammu (IIT Jammu), for the development of 'Wideband Spectrum-Sensor ASIC-Chip for Enhancing the Spectrum Utilization'.
According to the Ministry of Communications, the agreement is signed under the Telecom Technology Development Fund (TTDF) scheme of the Department of Telecommunications, Government of India.
Jan 13, 2025
Adani Announces Rs. 65K cr Investment in Energy, Cement Projects in Chhattisgarh
Industrialist Gautam Adani called on Chhattisgarh Chief Minister Vishnu Deo Sai and announced an investment of Rs. 65,000 crore in the Adani Group's energy and cement projects in the state.
During the meeting, Adani announced a planned investment of Rs. 60,000 crore to expand the group's power plants in Raipur, Korba and Raigarh in the state. This expansion will enhance Chhattisgarh's total power generation capacity by an additional 6,120 MW.
Additionally, the Adani Group chairman also committed Rs. 5,000 crore for the development and expansion of the group's cement plants in the state.
Barista Coffee Company Collaborates with American Pistachio Growers
Barista Coffee, one of India's leading home-grown coffee chains collaborated with the American Pistachio Growers (APG) to introduce a new range of pistachio-based beverages and desserts. APG is known for their product quality, which is in synonym to what Barista stands for. Innovation has been a key to Barista's success and to launch a product which has a trust value attached creates the desired synergy for the collaboration. The partnership focuses on the premium quality of California-grown pistachios, known for their taste and nutritional benefits, bringing a unique blend of indulgence and wellness to Barista's customers.
India and Mongolia Forge Mining Partnership
India is set to sign a Memorandum of Understanding (MoU) with Mongolia in the areas of geology and exploration, aiming to enhance resource security and diversify supply chains. This agreement follows India's increasing reliance on imports to meet the rising demand for copper and coking coal, essential for power generation, construction, and steelmaking industries.
The MoU will focus on geological studies and exploration activities, facilitating collaboration between Indian and Mongolian entities in the mining sector.
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