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BUSINESS

Govt extends ALMM relief for select solar projects till December
BUSINESS

Govt extends ALMM relief for select solar projects till December

New Delhi, July 18 — The government has extended the exemption from mandatory sourcing of Approved List of Models and Manufacturers (ALMM) List-II solar PV cells for net metering and open access renewable energy projects till December 31, while making it clear that there will be no blanket…

Govt commissions Indian Standard Time dissemination network
BUSINESS

Govt commissions Indian Standard Time dissemination network

New Delhi, July 18 — Union Minister for Consumer Affairs, Food & Public Distribution and New & Renewable Energy Pralhad Joshi commissioned a White Rabbit Technology‑based Indian Standard Time dissemination demonstration network at the Regional Reference Standard Laboratory in Bengaluru, an…

Govt now an enabler, not controller of enterprise: FM Sitharaman
BUSINESS

Govt now an enabler, not controller of enterprise: FM Sitharaman

New Delhi, July 18 — Finance Minister Nirmala Sitharaman on Saturday said India has transformed into a preferred destination for innovation and enterprise, urging young entrepreneurs to seize emerging opportunities and build globally competitive businesses from the country.Addressing the Special…

China's growing vulnerabilities pose fresh risks for Europe: Report
BUSINESS

China's growing vulnerabilities pose fresh risks for Europe: Report

New Delhi, July 18 — China's mounting economic vulnerabilities are creating fresh strategic and economic risks for Europe, with Beijing becoming more assertive at home and abroad despite slowing growth, a report has said.According to an analysis by The Diplomat, Europe has long assumed China's rise…

India, Finland eye doubling bilateral trade by 2030 via EU FTA
BUSINESS

India, Finland eye doubling bilateral trade by 2030 via EU FTA

New Delhi, July 18 — India and Finland agreed to deepen economic ties and explore how a proposed EU‑India free trade agreement could double trade by 2030, a new report has said.The report from Daily Finland said Finland’s Deputy Prime Minister and Finance Minister Riikka Purra and India’s Commerce…

PNB reports three-fold jump in Q1 net profit to Rs 5,339 crore
BUSINESS

PNB reports three-fold jump in Q1 net profit to Rs 5,339 crore

New Delhi, July 18 — State-owned Punjab National Bank (PNB) on Saturday reported a nearly three-fold year-on-year jump in consolidated net profit to Rs 5,339 crore for the first quarter of FY27.The bank had posted a consolidated net profit of Rs 1,832 crore in the corresponding quarter of the…