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Coal India Waives Financial Coverage for Non-Power Sector Consumers, Boosting Business Liquidity

Kolkata, Mar 3 (KNN) In a major step towards simplifying business transactions, Coal India Limited (CIL) has removed the requirement for non-power sector (NPS) consumers to provide financial coverage equivalent to ten days of coal value for supplies received through rail mode. This move aims to ease financial constraints for industries outside the power sector,...
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India’s Logistics and Warehousing Sector Expands in Tier 2 Cities, Driven by E-Commerce & Government Initiatives

Mumbai, Mar 3 (KNN) India’s logistics and warehousing sector is witnessing rapid expansion, driven by supportive government policies, infrastructure enhancements, and technological advancements. While tier 1 cities have traditionally been logistics hubs, the spotlight is now on tier 2 and 3 cities, which are experiencing unprecedented growth. The surge is largely fuelled by a shift...
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Government Mulls Expanding PLI Scheme with New Metrics on Value Addition & Exports

New Delhi, Mar 3 (KNN) The central government is evaluating an expansion of the Production-Linked Incentive (PLI) scheme by linking incentives to additional performance metrics beyond incremental sales. According to sources cited by The Indian Express, discussions at the inter-ministerial level suggest that metrics such as domestic value addition and incremental exports could be incorporated...
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India Emerging As The ‘Factory of the World’; ‘Vocal for Local’ Driving Global Manufacturing Growth: PM Modi

New Delhi, Mar 3 (KNN) Prime Minister Narendra Modi on Saturday stated that his ‘vocal for local’ initiative is achieving its intended outcomes as Indian products establish a significant presence in international markets.  The Prime Minister emphasised that India is evolving into a center for innovation, developing cost-effective solutions that are being adopted worldwide. “The...
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AIC Anand Foundation Sanctions Rs 1.12 Crore for Agri-Startups To Boost Innovation in Agriculture

New Delhi, Mar 3 (KNN) Anand Agricultural University (AAU), through its Section 8 company AIC Anand Foundation, has sanctioned Rs 1.12 crore to ten agri-startups to drive innovation in the agricultural sector. AAU has successfully incubated over 201 agri-startups, significantly contributing to Gujarat’s agricultural ecosystem. AIC Anand Foundation operates the Rashtriya Krishi Vikas Yojana (RKVY)...
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Cocoa hits 4-month lows, falls below $8,000/ton

(Updates with comments on coffee, sugar; adds closing prices) NEW YORK, March 14 (Reuters) – Cocoa futures on the ICE exchange hit four-month lows on Friday and ended the week with losses above 5% amid a large increase in ICE-certified stocks and benign weather forecasts for West Africa. * London cocoa ​settled down 259 pounds,...

Wall St bounces as selloff prompts dip-buying rally

Consumer sentiment at 57.9 in March Tesla up on report it is planning lower-cost Model Y in Shanghai Bullion miners up after gold prices breach $3,000 mark Indexes up: Dow 1.43%, S&P 500 1.83%, Nasdaq 2.28% (Updates to mid-afternoon) NEW YORK, March 14 (Reuters) – U.S. stocks rebounded on Friday as investors shopped for bargains...

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