Business News Highlights: India, Bhutan to expedite development of cross-border infra projects
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5 min read | Updated on September 27, 2024, 19:48 IST
SUMMARY
Stay tuned for live updates on the latest business news, trends, and breaking developments on September 27, 2024.

India, Bhutan to expedite development of cross-border infra projects
India and Bhutan on Friday held discussions to expedite development of certain cross-border infrastructure projects, including setting up of an integrated check post to promote bilateral trade.
The issues were deliberated upon in the meeting of Commerce Secretary Sunil Barthwal and Secretary, Ministry of Industry, Commerce and Employment (MoICE) Bhutan Dasho Tashi Wangmo in Thimpu.
September 27, 2024, 19:44 PM
Demand for workers skilled in sustainable construction practices grows 25% since May 2023: Report
The demand for workers skilled in sustainable construction practices in the United Arab Emirates (UAE) grew 25% since May last year due to higher pay, according to a report released on Friday.
September 27, 2024, 19:42 PM
Lupin inks pact with Celnova Pharma for distribution of drug in 2 South American nations
Lupin on Friday said its subsidiary has signed a pact with Celnova Pharma for the distribution of a drug in Argentina and Colombia.
September 27, 2024, 19:40 PM
Trai seeks views on spectrum allocation methodology, pricing for satcom services
Telecom regulator Trai on Friday started a consultation process to explore methodology and price for assigning spectrum to satellite companies to provide calling, messaging, broadband and other services in the country.
September 27, 2024, 19:39 PM
India's forex reserves swell $2.83 billion to a new high of $692.296 billion
India's forex reserves jumped by USD 2.838 billion to a new all-time high of USD 692.296 billion for the week ended September 20, the RBI said on Friday.
The overall kitty had increased by USD 223 million to a new high of USD 689.458 billion for the previous reporting week.
September 27, 2024, 19:37 PM
Centre setting up telecom equipment manufacturing zones: Union Minister Scindia
The government of India is setting up telecommunication equipment manufacturing zones in the country, as the sector is expected to go through a revolution in attracting foreign direct investments, Union Minister Jyotiraditya M Scindia said on Friday.
September 27, 2024, 19:38 PM
MakeMyTrip partners with 10 airlines, ICICI Bank to boost international business class travel
Online travel company MakeMyTrip on Friday said it has partnered with leading airlines to boost international business class travel.
Under the collaboration, international airlines include Air Astana, Air India, Air India Express, Malaysia Airlines, Oman Air, Qantas, Singapore Airlines, Turkish Airlines, Virgin Atlantic, and Vistara offer up to 20 per cent discount on business class fares on MakeMyTrip platform from September 27 to October 2, the company said in a statement.
September 27, 2024, 16:49 PM
Karnataka unveils GCC policy, aims to generate $50 billion economic output by 2029
The Karnataka Government on Friday launched a draft Global Capacity Centres (GCC) policy with the aim to generate $50 billion in economic output and attract 500 new GCCs by 2029, creating 3.5 lakh jobs.
September 27, 2024, 16:18 PM
Cisco inaugurates manufacturing facility in Chennai; unit to create 1,200 jobs
Cisco on Friday inaugurated its first manufacturing facility in India at Chennai, setting into motion a multi-year investment plan, as the network equipment maker pledged its commitment to building production capabilities in the country.
September 27, 2024, 15:54 PM
Govt mulling RINL's merger with SAIL to ensure survival of Vizag plant: Sources
The government is considering a merger of RINL with another state-owned steel company SAIL as one of the options to ensure the survival of RINL's plant and resolve the financial and operational issues being faced by the Andhra Pradesh-based steel maker, sources said.
September 27, 2024, 15:44 PM
NPCI International to develop UPI-like real-time payments platform in Trinidad and Tobago
NPCI International Payments Limited (NIPL) has entered into a strategic partnership with the Ministry of Digital Transformation (MDT) of Trinidad and Tobago to develop a real-time payments platform similar to India's Unified Payments Interface (UPI).
This collaboration marks a significant milestone, making Trinidad and Tobago the first Caribbean nation to adopt the globally renowned UPI, NPCI said in a statement.
September 27, 2024, 15:20 PM
Indian economy to grow at 6.5-7% in FY 2024-25 on steady state basis: CEA Nageswaran
Chief Economic Advisor (CEA) to the Union government, V Anantha Nageswaran, on Friday said that the Indian economy is expected to grow at a rate of 6.5-7% in the current financial year on a steady state basis.
September 27, 2024, 15:16 PM
Zydus ties up with CSIR-CDRI to develop drug for CKD-induced osteoporosis
Zydus Lifesciences on Friday said it has tied up with Lucknow-based CSIR-Central Drug Research Institute (CDRI) to develop a drug for chronic kidney disease-induced osteoporosis.
September 27, 2024, 12:52 PM
Govt to launch another PLI scheme for speciality steel: Steel Secy
The government is working on another round of the PLI scheme for speciality steel as the response for the first round of the initiative did not meet expectations, according to Steel Secretary Sandeep Poundrik.
September 27, 2024, 12:44 PM
India climbs one notch to 39th rank in the Global Innovation Index 2024
India climbed one place to 39th rank out of 133 economies in the Global Innovation Index (GII) 2024 rankings, according to a report by the Geneva-based World Intellectual Property Organization.
Last year, the country was ranked 40th.
September 27, 2024, 09:38 AM
Govt blocks websites exposing Aadhaar, PAN details of Indian citizens
The government has blocked a few websites exposing sensitive personal identifiable information, including Aadhaar and PAN Card details of Indian citizens, an official statement said on Thursday.
September 27, 2024, 09:37 AM
GST Council sets up GoM on compensation cess, panel to submit report by Dec 31
The Goods and Services Tax (GST) Council has set up a 10-member GoM, headed by Minister of State for Finance Pankaj Chaudhary, to decide on the future of compensation cess.
The Group of Ministers (GoM), which includes members from Assam, Chhattisgarh, Gujarat, Karnataka, Madhya Pradesh, Punjab, Tamil Nadu, Uttar Pradesh and West Bengal, will submit its report to the Council by December 31.
September 27, 2024, 09:11 AM