‘Maruti moment’: India aims Rs 70,000 crore package for domestic shipbuilding; reduce reliance on foreign vessels

India is aiming for a “Maruti moment” in shipbuilding, seeking to replicate the success of Maruti Suzuki’s 1980s automobile revolution. The government announced a Rs 70,000-crore ($8 billion) package to revitalize domestic shipyards, boost India’s maritime ecosystem, and reduce the country’s heavy reliance on foreign vessels, which currently handle about 95% of its import-export trade. […]

Big boost for food processing sector! Reliance and Coca-Cola bottlers pledge Rs 65,000 cr; boost employment

India’s food processing sector received a major boost on Thursday as Reliance Consumer Products Ltd (RCPL) and three Coca-Cola bottlers announced a combined investment exceeding Rs 65,000 crore, signaling strong corporate confidence in the industry’s growth potential. The commitments were unveiled on the opening day of the World Food India Summit, which is scheduled to […]

‘GST cuts helped us make products more affordable’: T Krishnakumar, director at Reliance Consumer Products

MUMBAI: The new GST regime will make products more affordable for consumers, boosting consumption, said T Krishnakumar, director at Reliance Consumer Products (RCPL) which has started production of new packs with a target to roll them out in the market by the end of the month. “In India, one of the biggest barriers to consumption […]

Reliance Consumer Products rolls out Rs 40,000-cr food park strategy: Andhra unit to make spices, noodles, atta; Nagpur project up next

Reliance Consumer Products Reliance Consumer Products (RCPL), the fast-moving consumer goods arm of Reliance Industries (RIL), is set to open its first food park in Kurnool district of Andhra Pradesh with an investment of Rs 768 crore.The facility will come up in Brahmanapalli village of Orvakal area as part of the company’s plan to invest […]

Economy

India should develop its own sovereign digital solutions, reduce reliance on US systems: GTRI

India must actively work on developing its indigenous sovereign cloud technology, operating systems (OS), homegrown cyber security, and data-driven AI leadership at its core, given its over-reliance on US systems, India-based trade-focused think tank Global Trade Research Initiative (GTRI) has argued. The think tank, in a report, asserted that India’s economy and security are deeply […]

Steel capacity drive: Report projects coking coal demand to surge by 55% by 2030; import reliance seen easing below 80%

India’s dependence on coking coal is expected to grow considerably over the next five years, as the nation pushes towards its ambitious goal of 300 million tonnes (MT) of steel production capacity by 2030, according to a new report by EY Parthenon in partnership with the Indian Steel Association (ISA).As per news agency ANI, the […]

Economy

Dassault Aviation takes majority control in JV with Reliance Aerostructure

RAL’s stake in DRAL will come down to 49 per cent, officially making it the minority partner in the venture originally set up to support India’s defence manufacturing ecosystem under the ‘Make in India’ initiative French aerospace major Dassault Aviation will become the majority stakeholder in the Indian joint venture, Dassault Reliance Aerospace Ltd (DRAL), […]

Reliance Jio IPO: CLSA says listing will be ‘mega event’; pegs $128 bn valuation as growth accelerates

Reliance Jio’s upcoming stock market debut could reshape India’s telecom sector, with financial services firm CLSA calling it a “mega event” that may also trigger a rerating of Bharti Airtel. The brokerage underlined that Jio, which commands a subscriber base of over 500 million across 4G and 5G networks, holds 42 per cent market share […]

Eight of India’s top-10 firms’ mcap tumbles: Rs 2.24 lakh crore wiped off; Reliance, HDFC hit hardest

Eight of the top-10 highest valued companies saw their combined market value decrease by Rs 2,24,630.45 crore in the previous week, with Reliance Industries and HDFC Bank experiencing the largest declines, following the negative trend in equities.The BSE benchmark index declined by 1,497.2 points, or 1.84 per cent last week.Among the top-10 companies, eight firms […]