Investment

The Prime Minister, Narendra Modi, has dedicated the 220 kV Srinagar-Alusteng-Drass-Kargil–Leh Transmission System to the Nation on 3 Feb 2019, saying it is a step that would ensure quality power supply to Ladakh round the year.

The growth of construction equipment sector has been hit by the liquidity crisis created by Non-Banking Finance Companies (NBFCs) with growth halved to 10%, Indian Construction Equipment Manufacturers' Association president Arvind Garg said on 3 Feb 2019 in Kolkatta.

The Defence Ministry has approved the acquisition of around 73,000 assault rifles from the US under fast track mode, according to media reports on 2 Feb 2019.

The Interim Budget, announced on 1 Feb 2019, addresses both the current challenges faced by the economy and outlines the vision for the future, said Sandip Somany, President of the Federation of Indian Chambers of Commerce and Industry (FICCI).

India’s interim Budget for FY20, announced 1 Feb 2019, suggests that the economic priorities have taken precedence over near-term fiscal consolidation as the 3% of GDP fiscal target stands delayed, writes Radhika Rao, Economist at DBS’ Group Research in Singapore.

Wipro Limited has launched its Next-Gen ATSC 3.0 solution for Pay TV service providers, original equipment manufacturers (OEMs), original design manufacturers (ODMs), smart TV manufacturers and semiconductor companies based in North America.

The Interim Budget, announced 1 Feb 2019, was a balanced budget for real estate, even though it was clearly configured as a crowd-pleasing electoral pitch with a cursory nod towards the ongoing challenges in the economy.

Argon Electronics (UK) Ltd wants to share with the Indian defence sector its specialist training equipment for chemical and biological.

Gradiant Corporation, a leader in innovative solutions for industrial wastewater treatment, has secured four Zero Liquid Discharge (ZLD) projects in India.

Bajaj Finance Ltd’s (BFL) comfortable capital levels and its strong market position drove credit rating, said Standard & Poor’s Global Ratings.