ITC to strengthen presence in fresh dairy segment

Aashirvaad eyes dairy growth in eastern India on rising demand for branded milk BENGALURU: ITC is strengthening its presence in the fresh dairy segment in Eastern India through its flagship Aashirvaad brand, betting on rising demand for branded milk and value-added dairy products across Bihar, West Bengal and Jharkhand. The diversified conglomerate entered the fresh…

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‘MDR to boost UPI use in cross border payments’

Introducing MDR on UPI merchant payments could help expand its use for cross-border transactions, says JP Morgan executive. MUMBAI: The introduction of merchant fees on UPI transactions could help expand its use in cross-border payments by giving merchants an alternative that remains cheaper than cards and cash, said Max Neukirchen, co-head of JP Morgan Global…

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PLI: Electronics firms got Rs 19k cr

Electronics manufacturers receive Rs 19,091 crore under PLI scheme till June New Delhi: Large-scale electronics manufacturing PLI beneficiaries have received the highest incentives of Rs 19,091 crore under the scheme till June, while the sector has attracted investments of Rs 20,580 crore. Govt launched the PLI schemes in 2020 for 14 sectors, including electronics and…

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NMDC commissions Rs 5.4k cr integrated project in Chhattisgarh

NMDC commissions Rs 5,427-crore iron ore processing, slurry pipeline project in Chhattisgarh HYDERABAD: State-run miner NMDC Ltd has commissioned a Rs 5,427-crore integrated iron ore processing, slurry pipeline and pellet-making project in Chhattisgarh’s Bastar region, marking a major addition to its value-chain operations between Bacheli and Nagarnar. The project comprises a new iron ore processing…

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Exempted PF trusts get more options for investment

Exempted establishments get wider debt investment options under new govt rules NEW DELHI: Bringing parity with the establishments covered directly by the Employees Provident Fund Organisation (EPFO), govt has widened the debt investment options for exempted establishments by permitting investment in rupee-denominated bonds issued by four major global financial institutions, provided they have a minimum…

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