- Tuesday, March 11, 2025
By: Shubham Ghosh
Here are some news in brief related to Indian economy and business for Friday, September 2, 2022:
Indian commerce and industry minister Piyush Goyal is scheduled to visit the US from September 5-10 to attend the India-US Strategic Partnership Forum conference and Indo-Pacific Economic Framework ministerial meeting, as per an official statement released on Friday. Goyal is scheduled to visit San Francisco and Los Angeles. He will also interact with eminent business persons, US officials and industry leaders during the visit to fortify the partnership between the two nations and strengthen trade and economic ties.
Reserve Bank of India (RBI) governor Shaktikanta Das on Friday said inflation in India is likely to go down in the coming months and the impact of high inflation has gone past its peak. “Inflation has become a global phenomenon. The globalisation of inflation has happened now,” Das said in an interview with Zee Business. “Considering the global situation, we can say that inflation reached its peak in India in April, but will now gradually come down,” Das added.
The Indian government has granted ‘in-principle’ approval for setting up three bulk drug parks, one each in Himachal Pradesh, Gujarat and Andhra Pradesh, the ministry of chemicals and fertilizers said on Thursday, ANI reported. The department of pharmaceuticals has conveyed ‘in-principle’ approval to the proposals of the three States viz, Himachal Pradesh, Gujarat and Andhra Pradesh under the Scheme for “Promotion of Bulk Drug Parks”, a key initiative to support the Bulk Drugs manufacturing in the country, the ministry said in a statement.
Best Agrolife Ltd. (BAL), a major player in the Indian Agri inputs market, has announced the introduction of two new CTPR-based formulations, CITIGEN and VISTARA, ANI/NewsVoir reported. “CTPR (Chlorantraniliprole) is a novel insecticide with a unique mode of action. It belongs to the chemical group of anthranilic diamides. It kills the insects by activating the ryanodine receptor in insects’ muscles and releasing the cellular calcium that causes the termination of feeding, increased lethargy, and muscular paralysis, eventually leading to death.
Blue Energy Motors on Friday unveiled India’s first LNG-fuelled green truck by launching a manufacturing plant in Chakan, Pune, in Maharashtra, the Hindu BusinessLine reported. The facility was inaugurated by Indian road transport and highways minister Nitin Gadkari. Blue Energy Motors’ trucks will be Liquified Natural Gas-run, long-haul, heavy-duty trucks. It has already signed an agreement with FPT Industrial, the global powertrain brand of Iveco Group, the report added.
Adani Enterprises Ltd will replace Shree Cement Ltd from National Stock Exchange’s benchmark index Nifty 50 from September 30, Press Trust of India reported. Adani Enterprises is the flagship company of Adani Group and Shree Cement is the leading cement-making firm, owning brands such as Roofon, Bangur Power, Shree Jung Rodhak, Bangur Cement and Rockstrong. The Index Maintenance Sub-Committee – Equity (IMSC) of NSE Indices Limited has decided to make the changes as a part of its periodic review, a release said on Thursday.
