Shipbuilding In India: Structured tender model for shipbuilding: Government aims tech transfer, local manufacturing

NEW DELHI: With focus on building resilience in the shipping sector, amid the West Asia conflict and increased instances of global supply chain disruptions, govt will adopt a “structured tender” approach for manufacturing specialised vessels, such as gas and oil tankers, and fertiliser carriers. Under this, some vessels in the tender would be built overseas…

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Reliance Retail acquires Priyanka Chopra Jonas-owned hair care brand Anomaly

Priyanka Chopra Jonas, Reliance Foundation Chairperson Nita Ambani with her daughter Isha Ambani Reliance Retail has acquired actor-entrepreneur Priyanka Chopra Jonas’s global haircare brand Anomaly, in a move that strengthens its push into the fast-growing beauty and personal care segment.The company, in a press release, said on Thursday that the deal gives it full ownership…

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India can absorb global shocks, emerge stronger: CEA Nageswaran backs economy’s resilience amid Middle East crisis

Chief Economic Adviser V Anantha Nageswaran on Thursday said the Indian economy is well placed to withstand external disruptions and emerge stronger, asserting that the country’s macroeconomic strength built in recent years provides a cushion against global uncertainty.Speaking to ANI, Nageswaran said India had sustained growth of over 7 per cent before the recent geopolitical…

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Govt replaces building code with a new standard, Retains fire safety provisions as ‘advisory’

New Delhi: Govt on Thursday replaced National Building Code (NBC) with National Building Construction Standards (NBCS) by withdrawing the earlier code. The new standards will serve more as guidelines, with this being done following directives from Deregulation Cell under Cabinet Secretariat.TOI has learnt that one of the main reasons for replacing NBC with NBCS was…

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‘Ensure airlines pass on lower aero chathe benefit to flyers; hike our charges, UDF from July’: PPP airport operators to Govt

New Delhi: The PPP-run airports have asked govt to ensure airlines pass on the benefit of reduced landing and parking charges to passengers. And also that once this three-month 25% reduced aeronautical charge period ends on July 7, the same should be hiked along with an increase in user development fees (UDF) for international passengers…

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