NEW DELHI, Oct 8 : Indias space economy is projected to reach about $44 billion by 2033, Union Minister of State for Science and Technology Dr. Jitendra Singh said, underlining that landmark reforms and private sector participation are powering the countrys emergence as a global space player. The summit brought together key stakeholders from government, industry, and academia to deliberate on the future of satellite communications in Indias digital growth story. Dr. Jitendra Singh emphasised tha

BENGALURU, Oct 8: Industrial automation company, Omron on Wednesday announced the inauguration of its new automation centre in the city. The centre, part of OMRONs global network of 44 Automation Centers and Proof of Concept (POC) labs, will serve manufacturers in South India as well as across the country, including micro, small, and medium enterprises (MSMEs). The centre demonstrates practical automation solutions for manufacturing challenges, facilitates proof-of-concept development, provides

New Delhi, Oct 7: The Supreme Court on Tuesday directed all the states and Union Territories to frame road safety rules within six months by regulating the movement of non-motorised vehicles and pedestrians in public spaces. A bench of Justices J B Pardiwala and K V Viswanathan directed all the states and UTs to frame such rules under Sections 138 (1A) and 210D of the Motor Vehicles Act, 1988. We direct all the states and UTs to formulate rules under [] The post SC Directs States, UTs To Frame R

Prof K S Chandrasekar vc@clujammu.ac.in Indian economy has increased tenfold in the last three decades and is projected to be the third largest, with an estimated GDP of $7.3 trillion by 2030. Jostling for the same, the economic growth has also led to an unprecedented increase in its annual material consumption, which grew from 1.18 billion tonnes in 1970 to 7 billion tonnes in 2015 and is projected to reach 14.2 billion tonnes by 2030. UN has given SDG long [] The post Circular economy- enablin

NEW DELHI, Oct 6: EPC major KEC International on Monday said it has secured new orders worth Rs 1,102 crore across various businesses. The company, in a statement, said its civil business has secured an order for civil and structural works of a 150 MW thermal power plant from a leading private player in India. The T&D (transmission and distribution) business has bagged orders for the supply of towers, hardware & poles in the Americas and the Middle East. [] The post KEC International bags new o

NEW DELHI, Oct 5: Uttar Pradesh-based BL Agro, which mainly sells edible oils and processed food items, will invest Rs 3,000 crore to expand its business and achieve an aggressive target of growing its revenue 2.5 times to Rs 20,000 crore in the next five years. In an interview with PTI, CEO Navneet Ravikar said the company would make these investments to fund expansion plans across various food categories like rice and milk. BL Agro Group, which sells cooking [] The post BL Agro aims to become

Can withstand external shocks NEW DELHI, Oct 3: Finance Minister Nirmala Sitharaman on Friday said the world is facing profound imbalances in trade and energy security, and is undergoing a structural transformation, with India standing out as a stabilising force that can withstand external shocks. Follow the Daily Excelsior channel on WhatsApp Sitharaman said geopolitical conflicts are intensifying, and sanctions and tariffs are reshaping global supply chains. India must continue to remain vigil

NEW DELHI, Oct 3:Finance Minister Nirmala Sitharaman on Friday said Indias capacity to absorb external shocks is strong at a time when the world economy is undergoing a structural transformation. She said the task before nations is not only to manage uncertainty but to confront trade, financial and energy imbalances. Geopolitical conflicts are intensifying. Sanctions, tariffs, and decoupling strategies are reshaping global supply chains For India, these dynamics highlight both vulnerability and

NEW DELHI, Oct 2: Sazerac, one of the largest spirits company in the world, said India is central to its long-term growth plans as the largest whiskey market is witnessing premiumisation where people are spending more on quality experience with rising disposable income. Sazerac is positioned to adapt and respond to the evolving landscape and consumer preferences in India, where it has plans to roll out new products in the coming years based on consumer response and market dynamics [] The post S

NEW YORK, Oct 2: Private payrolls plunged in September, complicating the picture for the US economy as policymakers and investors struggle to assess the state of the labor market amid a government shutdown. The Bureau of Labor Statistics is unlikely to release the monthly jobs report this Friday due to the closure. That means many flying blind without critical economic data are having to key into any information they can get, including Wednesdays private sector jobs data from payroll company []

NEW DELHI, Sept 30:Allana Consumer Products Ltd, the countrys fourth-largest coffee exporter, expects exports to slow to 22,000-25,000 tonnes in the current fiscal year due to volatile global markets, a senior company official said on Tuesday. The company exported 26,300 tonnes of coffee in the 2024-25 financial year. We have done around 11,000 metric tonnes of green coffee exports until the end of August. We hope to do anything between 11,000 and 15,000 for the rest of the year, C [] The post A

INDORE: Sept 29 The recent GST reforms will spur market consumption and boost the domestic economy, Minister of State for Finance Pankaj Chaudhary said on Monday. He said the impact of these reforms will be known in the next four to six months. Chaudhary interacted with businessmen, entrepreneurs, and tax experts in Indore regarding the Goods and Services Tax reforms. The post GST reforms will boost market purchasing and economy: MoS Chaudhary appeared first on Daily Excelsior .

NEW DELHI: (Sep 29) Consumer Affairs Secretary Nidhi Khare on Monday said the governments National Consumer Helpline (NCH) has received 3,000 complaints related to GST since the implementation of reduced taxes. We have so far received 3,000 consumer complaints. We are sending them to the CBIC (Central Board of Indirect Taxes and Customs) for further action, Khare told reporters on the sidelines of an event. The Consumer Affairs Ministry is closely monitoring instances where consumers are being c

NEW DELHI, Sept 24: Renewable energy solutions provider Suzlon on Wednesday said it will transition its entire vehicular fleet to electric mobility by 2035. After committing to power all its facilities with 100 per cent renewable energy by 2030, Suzlon has taken another bold step in its sustainability journey by joining the global EV100 initiative of Climate Group, a company statement said. As part of this, Suzlon will transition its entire fleet to electric vehicles by 2035, further reducing ca

NEW DELHI, Sept 23: TPA service provider Vidal Health, a subsidiary of Bajaj Finserv Health, and worlds largest vaccine manufacturer Serum Institute of India (SII) on Tuesday announced a strategic collaboration to support national efforts in cervical cancer prevention and awareness. Starting October 1, 2025, Vidal Healths platform will offer an end-to-end, convenient and cashless experience for human papillomavirus (HPV) vaccine from digitally booking a doctors appointment at a preferred locat

MUMBAI, Sept 22: Omnichannel watch retailer JUST IN TIME has raised Rs 80 crore from seasoned investors Ashish Kacholia, Lashit Sanghvi and associates, a top company official said on Monday. The fresh capital infusion will help the company in its pan-India expansion and strengthening the omnichannel presence, Rajesh Chheda, Founder & Managing Director, JUST IN TIME, said. With their (investors) support, we are set to scale our presence, strengthen our digital ecosystem, and redefine the watch r

MUMBAI, Sept 22:Festive cheer is set to lift Indias travel industry this year, with strong demand from Gen Z travellers and a surge in spiritual tourism expected to drive bookings, even as overall growth faces headwinds from recent incidents and geopolitical tensions, a top Cleartrip executive has said. The beginning of the year was very strong with January, February and March accounting for unprecedented growth, in terms of yields, and it was an excellent time for the industry as [] The post F

Srinagar, Sep 21: Peoples Democratic Party (PDP) chief Mehbooba Mufti on Sunday described the horticulture sector as the backbone of the Valleys economy and accused the Jammu and Kashmir government of neglecting it. She said her late father and former Jammu and Kashmir Chief Minister Mufti Mohammad Sayeed took bold and effective measures to support the vital sector during his tenure. Mufti Sahib clearly recognised the fruit industry as the backbone of our economy. During his short tenure, he too

Excelsior Correspondent PUNE, Sept 19: Union Minister of State (Independent Charge) for Science and Technology; Earth Sciences and Minister of State for PMO, Department of Atomic Energy, Department of Space, Personnel, Public Grievances and Pensions, Dr. Jitendra Singh has underlined Indias bio-driven future economy and stated that biotechnology will be the key driver of Indias future growth and healthcare solutions, thus ushering in the next industrial revolution. Delivering the inaugural addre

NEW DELHI, Sept 19: Suzuki Motorcycle India on Friday said it will reduce prices of its products across models by up to Rs 18,024 to pass the benefit of GST rate reduction to customers. With the revised price effective September 22, 2025, customers can now enjoy savings, with the maximum benefit going up to Rs 18,024 depending on the model, Suzuki Motorcycle India Pvt Ltd (SMIPL) said in a statement. Alongside two-wheelers, the reduced GST on spare parts and accessories [] The post Suzuki Motorc

NEW DELHI, Sept 19: Agriculture Minister Shivraj Singh Chouhan on Friday called upon tractor and farm equipment manufacturers to ensure that the benefits of GST reductions are passed on to farmers from September 22, saying the move would lead to significant price cuts ranging from Rs 23,000 to Rs 63,000 across different tractor categories. Addressing the media after a meeting with representatives of farm equipment makers, Chouhan said the GST reduction would make farm machinery at Custom Hiring

NEW DELHI, Sept 18:Serentica Renewables on Thursday said it has entered into an agreement with state-owned Solar Energy Corporation of India (SECI) for a 100 MW clean energy project. The renewable power producer also said that the agreement is Indias first-ever load following power purchase agreement (PPA), designed in coordination with SECI and state DISCOMs to match the seasonal load profile of the offtakers. Under the load following PPA, power supplier commits to delivering electricity as pe

VISAKHAPATNAM, Sept 17: Union Finance Minister Nirmala Sitharaman on Wednesday said the next generation GST reforms will infuse Rs 2 lakh crore into the economy, leaving people with more cash in hand that otherwise would have gone as taxes. Addressing the Outreach and Interaction Program on Next Gen GST Reforms, she also said, following the tax reforms, 99 per cent of goods under the 12 per cent GST slab have moved to five per cent. The rejig has resulted in [] The post GST reforms to inject Rs

NEW DELHI, Sept 17: ICICI Bank on Wednesday said tax authorities have slapped a demand notice of Rs 49.11 crore on it for alleged short payment of GST. In a regulatory filing, ICICI Bank said, on September 15, 2025, it received an order in appeal under section 107 of the West Bengal Goods and Services Tax Act, 2017, from Additional Commissioner of Revenue (Appeals), West Bengal, raising a demand amounting to Rs 49.11 crore (tax Rs 23.52 crore interest [] The post ICICI Bank gets Rs 49 cr GST de

NEW DELHI, Sept 17:The Government is working on a Rs 5,000 crore scheme to promote adoption of clean steel-making technologies, thereby reducing carbon emissions, Steel Secretary Sandeep Poundrik said on Wednesday. The senior ministry official made the remarks while speaking to PTI on the sidelines of the FT Live Energy Transition Summit India in the national capital. The proposal is under consideration for a National Mission for Sustainable Steel. It is a Rs 5,000 crore scheme, he said. The []

Visakhapatnam, Sep 17: Union Finance Minister Nirmala Sitharaman on Wednesday said the Next Gen GST reforms have infused Rs 2 lakh crore into the economy, which has left people with more cash on hand, which otherwise would have gone to taxes. Addressing the Outreach and Interaction Program on Next Gen GST Reforms, she also said, following the tax reforms, 99 per cent of goods under 12 per cent GST slab have moved to five per cent. The rejig has resulted [] The post GST Reforms Injected Rs 2 Lakh

NEW DELHI, Sept 17: Indias exports to the US are falling as high tariffs imposed by the Trump administration have started eroding the price competitiveness of domestic goods in Washington, think tank GTRI said on Wednesday. August shipments to the US plunged to USD 6.7 billion, down 16.3 per cent from July the steepest monthly fall of 2025 as US duties doubled to 50 per cent by months end, it said. In July, exports dipped 3.6 per [] The post Exports to US falling due to high tariffs: GTRI app

NEW DELHI, Sept 16: Diversified energy firm Avaada Group on Tuesday announced the commissioning of 11 solar power projects in Maharashtras Yavatmal district under the Mukhyamantri Saur Krushi Vahini Yojana 2.0 to provide reliable power for irrigation. The projects include a 4 MW plant at Kinhi, 3 MW each at Baldi and Dongarkharda, 2 MW each at Bansi and Patan,a 5 MW at Mhasola, 2 MW at Galwa, 4 MW each at Pathrad and Parjana, and 3 MW each [] The post Avaada Group commissions 11 solar plants in

MUMBAI, Sept 15: Domestic carrier IndiGo on Monday said it will deploy its maiden Airbus A321 XLR aircraft, which is scheduled to be delivered by the end of this year, on its Athens, Greece route from January next year. The Gurugram-based airline had earlier this year announced that it would launch its flight services to 10 international destinations this financial year. IndiGo is all set to bring home Indias first A321XLR by the end of 2025, and begin six [] The post Indigo to begin 6 weekly d

SRINAGAR, Sep 15: Jammu and Kashmir Lieutenant Governor Manoj Sinha on Monday flagged off the first cargo parcel train from the valley to Delhi which will provide a cheaper and reliable mode of transportation for perishable goods like fruits to terminal markets of the country. The cargo parcel train was flagged off from Nowgam railway station here and is scheduled to reach Delhi on Tuesday I am thankful to the prime minister as cargo service has been started. Every day [] The post First Cargo Pa

NEW DELHI, Sept 13:The National Company Law Tribunal (NCLT) has directed the erstwhile promoters of Hindusthan National Glass & Industries Ltd (HNG) to return Rs 42.46 crore, misappropriated by them, to corporate debtors within two months. The Kolkata bench of the NCLT also ordered the Resolution Professional of the debt-ridden company to institute criminal prosecution against suspended directors Sanjay Somany and Mukul Somany under Section 69 of the Insolvency and Bankruptcy Code. The tribunal

JEDDAH, Sept 13:Indian jeweller Senco Gold & Diamonds is seeking collaboration opportunities in Saudi Arabias USD 8.3 billion luxury market as the company pursues Gulf expansion while targeting 20 per cent domestic growth, its chief executive has said. Senco Gold took part in the three-day Saudi Arabia Jewellery Exhibition (SAJEX), which concluded on Friday. The trade show featured over 200 Indian exhibitors as Indias gem and jewellery sector aims to reverse declining exports to one of the regio

NEW DELHI, Sept 12: GMR Airports on Friday said it has set up a special purpose vehicle to implement the cargo city project at Indira Gandhi International Airport (IGIA) in the national capital. According to a regulatory filing, GMR Cargo and Logistics Ltd was incorporated on September 11 for undertaking the project as well as other cargo and logistics-related opportunities. The project was awarded by Delhi International Airport Ltd (DIAL), a subsidiary of GMR Airports, which operates IGIA. The

KOLKATA, Sept 10: Corporates may turn to commercial banks to meet their credit needs due to hardening of bond yields in the debt market, an official of State Bank of India (SBI) said on Wednesday. Rama Mohan Rao Amara, managing director (international banking and global) markets of SBI, said that corporates are now coming to banks to meet their credit demands.. What we have seen is that issuance of debt paper volumes has come down in the current quarter. In [] The post Corporates may go to banks

NEW DELHI, Sept 9:Bajaj Auto on Tuesday announced that it would fully pass on the recent GST reduction to customers, offering Rs 20,000 on two-wheelers and KTM motorcycles, and up to Rs 24,000 on the three-wheeler range. Appreciating GST reform as a landmark which is timed just ahead of the festive period, Bajaj Auto said it puts more money in the hands of millions of families, daily commuters and small business owners who rely on affordable, efficient and reliable [] The post Bajaj Auto to pas

NEW DELHI, Sept 8: Total vehicle retail sales in India grew by a modest 2.84 per cent at 19,64,547 units in August as against 19,10,312 units in the same month last year, as customers postponed purchases expecting a price cut ahead of GST reforms, Federation of Automobile Dealers Associations said on Monday. Passenger vehicle sales were marginally up at 3,23,256 units last month as compared to 3,20,291 units in August 2024, Federation of Automobile Dealers Associations (FADA) said in [] The pos

NEW DELHI, Sept 8: Solar solutions provider Vikram Solar on Monday said it has secured a 336 MW module supply order from L&T Construction for the Khavda solar project in Gujarat. As part of this order, Vikram Solar will supply its advanced Hypersol G12R modules, based on N-type technology, a company statement said. The usage of G12R Modules will enhance the Balance-of-System (BOS) efficiency and help drive down the Levelized Cost of Energy (LCOE), making it more cost-effective and [] The post V

TOKYO, Sept 8: Japans economy expanded at a stronger rate in the fiscal first quarter than previously estimated, despite worries about US tariffs and domestic political uncertainty, according to government data released Monday. The Cabinet Office said Japans real gross domestic product, the sum value of a nations goods and services, grew at a seasonally adjusted 2.2% annualised rate in the April-June quarter from the previous quarter. That was better than the preliminary estimate for 1.0% grow

NEW DELHI, Sept 6 : Union Minister of State (Independent Charge) for Science and Technology; Earth Sciences and Minister of State for PMO, Department of Atomic Energy, Department of Space, Personnel, Public Grievances and Pensions, Dr. Jitendra Singh today said Indias future growth will increasingly depend on building a StartUp linked economy anchored in strong industry partnerships. He was speaking after launching the Chandigarh University Campus Tank, which he described as the first-of-its-kin

Ada Aggarwal The Hard Truth The old definition of success luxury vehicles, large houses, and too much stuff is falling apart. Everywhere in the world, people are waking up to an irreversible economic shift. Value is no longer in ownership. It is an experience. We dont exist in a goods economy anymore. We exist in an experience economy where memory, story, and emotion dictate what people buy and why they buy it. And if youre building a business, a career, [] The post The Experience Economy appear

BENGALURU, Sept 5: Spirits major Diageo expects value contribution from India, already among its top three markets globally, will keep rising on the back of its premiumisation strategy but doubling topline by 2030 will depend on macroeconomic factors and policy stability, according to the companys India MD & CEO Praveen Someshwar. India, which is a key growth market for Diageo, is cautiously optimistic about mid-term growth, where it is operating with a playbook of premiumisation, productivity,

KOLKATA, Sept 5: Small tea growers (STGs) of the country have sought that the government should introduce a minimum sustainable price (MSP) for green tea leaves for the operations to become sustainable in terms of income and competitiveness. A delegation of small tea growers, which met the officials of the Union commerce ministry recently, said that Indias almost 2.5 lakh small tea growers contribute to more than 50 per cent of total crop produced in the country. The STGs have [] The post Small

NEW DELHI, Sep 3: Highlighting the devastating impact of the Pahalgam terror attack on the economy of Jammu and Kashmir, Chief Minister Omar Abdullah on Wednesday) sought the Centres support to deal with the situation. The Union Territory (UT) was facing a severe fiscal crisis as its public revenues had collapsed in the aftermath of the April 22 terror attack in which 26 people were killed, he said. Mr. Abdullah, who also holds the finance portfolio, told the 56th GST [] The post GST Council Mee

NEW DELHI, Sept 3: The free trade agreement between India and four-European nation bloc EFTA, which will come into force from October 1, will have legally binding provisions on trade and sustainable development, Switzerland said on Wednesday. For the first time, India has laid down legally binding provisions on trade and sustainable development in a free trade agreement, it said in a statement. The European Free Trade Association (EFTA) members are Iceland, Liechtenstein, Norway, and Switzerlan

NEW DELHI, Sept 3: The KP Group on Wednesday said it has partnered with South Korean firm AHES and GH2 Solar Ltd to establish and operate a green ammonia production facility in India with a capacity of 100,000 metric tons per annum. The partnership is formalised through a Memorandum of Understanding (MoU) signed by KPI Green Hydrogen & Ammonia Pvt Ltd (KPI GH), a KP Group company, AHES Co Ltd, and GH2 Solar Ltd, a company statement said. Key [] The post KP Group partners with AHES, GH2 Solar to

NEW DELHI, Sept 1: Bajaj Auto on Monday reported a 5 per cent year-on-year growth in total vehicle wholesales, including exports, at 4,17,616 units in August. The Pune-based automaker had sold 3,97,804 vehicles in August 2024, according to a regulatory filing. Total domestic sales (including commercial vehicles) declined 8 per cent to 2,32,398 units in August compared to 2,53,827 units sold in the corresponding month last year. Total exports for July rose 29 per cent year-on-year to 1,85,218 ve

INDORE, Aug 30: Reserve Bank of India (RBI) Governor Sanjay Malhotra on Saturday said India will become the worlds third largest economy soon, and credited the Pradhan Mantri Jan Dhan Yojana for boosting the countrys growth. His remark came at a time when Indias GDP grew 7.8 per cent in the April-June quarter of the current fiscal, the highest in five quarters before the imposition of heavy tariff on the country by the United States. Addressing a government banks financial [] The post India To B

BENGALURU, Aug 30:Electric two-wheeler maker Ather Energy on Saturday unveiled a new two-wheeler platform for a new generation of electric scooters across multiple segments. The company also announced a series of other significant product and technology developments, including showcasing a concept moto-scooter Redux, and AtherStack 7.0, which would alert riders to share live location, report on potholes and crashes, update them on tyre pressure, among others. Built for versatility, scalability,

Excelsior Correspondent JAMMU, Aug 28: Member of Parliament, Gulam Ali Khatana, has described Prime Minister Narendra Modis emphasis on self-reliance and the vocal for local campaign in the recent Union Cabinet meeting, as a decisive step towards strengthening the economy and empowering citizens across all sections of society. Khatana said the Prime Ministers call to promote Made in India products would give a major push to domestic manufacturing and reduce dependence on imports, thereby prepari

NEW DELHI, Aug 28:Power Mech Projects on Thursday said that it has secured an order worth Rs 370.84 crore from Adani Power arm Mahan Energen for the execution of civil works at the Mahan Phase-III project in Singrauli, Madhya Pradesh. Mahan Energen Ltd was formerly known as Essar Power M P Ltd. The scope of work includes the execution of civil works and erection of prefabricated structural steel for BTG (boiler turbine generator) units 1and 2, the main powerhouse, [] The post Power Mech Project