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India may review some of its FTAs, hints Jaishankar

IANS New Delhi India may review some of its free trade agreements (FTAs) which have not yielded the desired results economically, the government has indicated. During a discussion on geopolitics on a national news channel, External Affairs Minister S  Jaishankar contended that the FTAs India entered into with various nations over the years have not been able to serve the …

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Foreign firms among 16 entities in pre-bid for running pvt trains

IANS New Delhi Even as the Indian Railways plans to introduce the first set of 12 private trains in 2023, followed by 45 more in the next fiscal, according to an initial timeline drawn by the Railways, the national transporter held a pre-bid conference and several international companies showed interest in the project. According to railway ministry sources, Spanish coach …

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Punjab’s garment industry sees 70% drop in orders for winter garments

PTI Chandigarh The famous garment industry of Punjab is staring at massive losses on account of almost 70 per cent drop in orders for winter wear in the wake of the coronavirus pandemic. Unlike previous years when garment manufacturing units would work at full steam during this time of year, most factories are running at just 30-35 per cent capacities, …

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Balmer Lawrie reviewing business in light of COVID-19 challenges

PTI Kolkata Diversified PSU Balmer Lawrie  And Co Ltd, under the petroleum and natural gas ministry, is reviewing its strategic business units (SBUs) in the wake of the challenges thrust upon it by the coronavirus pandemic, an official said. In the first quarter of the current fiscal, the total income and post-tax profit of the company have fallen, due to …

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BIZ SCAN

Lokmanya’s  Covid Protection Plan launched PANAJI: India’s second largest Co-operative society, Lokmanya Multipurpose Co-Operative Society Ltd has rolled out “COVID protection plan” for its customers. Every customer making a fresh deposit of Rs 2lakhs under COVID Protection Plan Scheme will be covered under Corona health Insurance of up to Rs 1 lakh. In this regard, Lokmanya has partnered with ICICI …

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Eveready may onboard Dabur family as strategic partner: Sources

Kolkata: FMCG major Dabur’s promoters, the Burman family, may soon become a strategic partner of the BM Khaitan group controlled Eveready Industries India Ltd (EIIL), as part of an ongoing restructuring, sources said on Tuesday. The Burmans had already picked up 19.8-per cent stake in the dry cell battery major through market operations in the last 12-15 months. The last …

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India eyes FTAs with Latin America to support domestic EV plan

​New Delhi: India proposes a major shift in its foreign trade policy, that will explore free trade agreements (FTAs) only with countries that can support its ‘Aatmanirbhar Bharat’ mission and provide it necessary raw materials, critical components and equipment required to support manufacturing activities. As a first step in this direction, the Department for Promotion of Industry and Internal Trade …

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US may open its strategic petroleum reserve to store Indian oil

New Delhi: India proposes to build a portion of its strategic oil reserve in the US to take advantage of current low prices and quickly scale up its storage. The move will allow the country to quickly enhance the strategic oil reserve to meet 100 days of oil requirements from present capacity that can just meet nine days of oil …

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Badal inaugurates mega food park in Mizoram

New Delhi: Food Processing Minister Harsimrat Kaur Badal on Monday inaugurated a mega food park in Mizoram that has been set up at a cost of Rs 75 crore and will benefit 25,000 farmers as well as generate 5,000 job opportunities. The 55-acre food park, located at village-Khamrang in Kolasib District, Mizoram, is promoted by Zoram Mega Food Park Pvt …

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