Technology

IAN's US$70M fund and nurturing for young businesses Indian Angel Network (IAN), one of the world's largest seed and early stage investment groups in the startup eco-system, is to raise US$38 million from India and overseas for its second round...

Bharat Electronics’ LICEWS order cleared Ministry of Defence has approved the procurement of P-8I Training Solution and Low Intensity Conflict Electronic Warfare System (LICEWS). Costing Rs.2419.32 crore, these contract proposals were approved by Defence Minister Nirmala Sitharaman. The P-8I Training...

Indian banks gets financing support for projects World Bank, International Finance Corporation and other multilateral financial institutions are assisting India’s solar power programmes, parliament was told on 4 Jan 2018. The World Bank is providing assistance of US$100 Million for...

Govt approves Rs.1,381 crore facility upgrade   The government has approved an investment of Rs.1,381.04 Crores for fast track production of Light Combat Aircraft (LCA) to 16 from eight at Hindustan Aeronautics Ltd (HAL). In the meantime, HAL has already...

Scope of work to enhance river navigation The cabinet has approved a World Bank-supported capacity augmentation of navigation on National Waterway-1 (NW-1) at a cost of Rs 5369.18 crore. The Jal Marg Vikas Project (JMVP) Project is expected to be...

BEML divestment deferred   The government has given Budget Estimate (BE) for disinvestment during the year 2017-18 as Rs.72,500 crore. This comprised Rs.46,500 Crore from disinvestment of Central Public Sector Enterprises (CPSEs) and Rs.15,000 Crore from Strategic Disinvestment as well...

Potential of 8,000-MW in water basins India is facing cost challenges in harnessing tidal wave energy estimated to be about 8,000-megawatt around its major water basins. But the tidal energy cannot be presently harnessed on commercial basis due to high...

Technology proposals not seen in FDI beyond 49% Picture of Tata's defence system. The Indian Defence Sector has not received any foreign technology development proposal since June 2016 when foreign direct investment was revised for international participation. Since the revision...

Defence Minister starts New Year with arsenal purchase Sitharaman (file picture). Defence Minister Nirmala Sitharaman cleared two procurement proposals for acquiring Russian bombs and Israeli missiles in New Delhi on 2 Jan 2018 . The first proposal is related to...

ASSOCHAM suggests govt-PPP food strategy PM Modi (file picture) inspects a processing plant. Source: Ministry of Food Processing Industries. With India and its agriculture and food processing sectors facing grave nutritional challenges, an ASSOCHAM-EY joint report has suggested the Government...