Maharashtra continues to dominate the Overseas Direct Funding (FDI) panorama, attracting 52.46 per cent of India’s complete FDI within the first quarter of economic yr 2024-25 Between April and June 2024, the state attracted ₹70,795 crore in FDI, reaffirming its place as India’s high vacation spot for international funding, stated Deputy Chief Minister Devendra … Read more
Whereas grape winemakers flourish in Maharastra, which accounts for 90 per cent of the alcohol produced within the nation, fruit wine producers and honey mead makers cry discrimination as they declare the revived value-added tax (VAT) scheme doesn’t profit them. Business gamers allege that whereas grape wineries are favoured within the State, corporations like Hill … Read more
Godrej Properties Restricted (GPL) introduced in the present day the acquisition of a 90-acre land parcel in Khalapur, Maharashtra, simply three days after securing two plots in Higher Noida in an e-auction. The Khalapur acquisition has a growth potential of 1.7 million sq. toes of residences. Final week it grew to become the very best … Read more
The Reserve Financial institution of India (RBI) has cancelled the licenses of 78 City Cooperative Banks (UCBs) since calendar 12 months 2014, of which 46 % are from Maharashtra, in accordance with paperwork tabled in Parliament. Insufficient capital, poor incomes prospects, deteriorating monetary place, and the continuation of operations being prejudicial to the pursuits of depositors … Read more
The Maharashtra Actual Property Regulatory Authority (MahaRERA) has taken suo motu motion towards 628 housing tasks throughout the state for not displaying registration quantity in addition to QR code within the promoting supplies. Collectively, these tasks have been penalised ₹88.90 lakh, of which ₹72.35 lakh has been recovered to this point. Of the overall tasks, … Read more
Container ships in the present day deal with practically 16 per cent of the world’s maritime commerce — from 37 million twenty-foot equal models (TEUs) in 1980, the amount of containerised commerce surged to 850 million TEUs by 2023. Gearing as much as deal with these huge portions of containers, ports world wide have bulked … Read more
Within the first quarter of 2024, the nation added over 1.8 GW of photo voltaic open entry capability, doubling from 909 MW within the fourth quarter of 2023, in response to a report by Mercom India. In March 2024 quarter, photo voltaic open entry builders benefitted from decrease Chinese language module costs and the suspension of the … Read more
Dharavi Redevelopment Challenge Pvt Ltd (DRPPL), the three way partnership between the federal government of Maharashtra and the Adani group, is pulling out all stops to incentivise residents and industrial institutions within the slum cluster to ease the resettlement and rehabilitation course of and make it extra palatable to them. The $3 billion challenge is … Read more
Highlighting that home sugar costs have stabilised, with ex-mill value at ₹37.5/kg in Uttar Pradesh and ₹34/kg in Maharashtra, a report by Centrum Broking has mentioned that costs could be anticipated to rise throughout low season. “Sugar costs, which initially noticed beneficial situations firstly of the season however later corrected because of the imposition of … Read more
With over 26,800 MW of put in renewable power capability, Rajasthan is on the helm of India’s transition in direction of inexperienced power. Following shut behind is Gujarat, which is seeking to overtake Rajasthan because the chief in renewable power within the subsequent couple of years. “We have now already overtaken Tamil Nadu because the primary … Read more