Investment

The Prime Minister, Narendra Modi, said technology is bridging the gap between the haves and have-nots in India while the Government looks forward to a US$10 trillion economy.

Hindustan Aeronautics Ltd (HAL) has signed an MoU with Central Public Works Department (CPWD) for the execution of the stage 2 works of infrastructure development works at its Green Field Helicopter factory in Tumakuru.

The negotiations to upgrade Comprehensive Economic Partnership Agreement have been fast-tracked to achieve the bilateral trade target of US$50 billion by 2030, Prime Minister Narendra Modi told 'India-ROK Business Symposium' during his visit to Seoul.

Commerce and Industry Minister, Suresh Prabhu, has expressed the hope that the ASEAN member nations and India will collectively work in a determined manner to ensure early conclusion of a Regional Comprehensive Economic Partnership (RCEP) agreement.

The keenly-awaited meeting of the Goods and Services Tax (GST) Council, which was supposed to deliver a final decision on the differential tax rates on real estate 20th Feb 2019, hopes to reach a consensus on the 24th.

Bharat Electronics Limited (BEL) and Hughes India have entered into a Teaming Agreement for design, development, supply, installation, integration and commissioning of Satellite Communication solutions for helicopters under the Ministry of Defence.

Saudi Arabia is to invest over US$100 billion in India’s energy, refining, petrochemicals, infrastructure, agriculture, minerals and mining, manufacturing, education and health sectors.

Defence Minister Nirmala Sitharaman said Aero India 2019 intended and endeavoured to put India on the Global map and intended metaphorically to be a “Runway to a billion opportunities”.

Tata Consultancy Services has formed a partnership with Nanoheal, a predictive workspace automation platform provider, to offer enterprises cognitive, self-healing end-user device management solutions from Utah.

Commerce and Industry Minister, Suresh Prabhu, has cleared a proposal aiming at simplifying the process of exemptions for Start-ups under Section 56 (2) (viib) of Income Tax Act.