Page-19 of Business

India becomes world’s 6th largest economy in 2017: World Bank

July 12, 2018

According to updated World Bank figures on GDP of countries for 2017, India has become world’s sixth-biggest economy surpassing France to seventh place. India’s gross domestic product (GDP) amounted to $2.597 trillion at the end of 2017, as against $2.582 ..

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Global Innovation Index (GII): India ranks 57th

July 11, 2018

In recently released Global Innovation Index (GII) 2018, India was ranked 57th among 130 countries. It was 11th edition of GII and was jointly released by Cornell University, INSEAD and World Intellectual Property Organisation (WIPO).  This year, India has moved up ..

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India-South Korea Technology Exchange Centre inaugurated in New Delhi

July 11, 2018

The India-Korea Technology Exchange Centre was inaugurated at National Small Industries Corporation premises in New Delhi. It was inaugurated by Minister of State (I/C) MSME Giriraj Singh and Minister of SMEs and Start-ups of South Korea, Hong Jong- hak. India-Korea ..

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Gujarat signs MoU with Korea Trade-Investment Promotion Agency to strengthen trade, industrial relations

July 11, 2018

Gujarat Government’s Industries and Mines Department has signed Memorandum of Understanding (MoU) with Korea Trade-Investment Promotion Agency (KOTRA) to strengthen trade, industrial relations. KOTRA is national trade and investment promotion organisation operated by South Korea Government. Key Facts The MoU ..

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1st India Tourism Mart to be held in New Delhi in September 2018

July 10, 2018

The first India Tourism Mart (IMT) will be held in New Delhi from 16 September 2018 to create a global tourism mart for India on lines of major international travel marts. It will be organized by Ministry of Tourism in ..

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Samsung inaugurates world’s largest mobile phone factory in Noida

July 10, 2018

South Korean technology giant Samsung inaugurated the world’s largest mobile manufacturing unit in Noida, Uttar Pradesh. It was jointly inaugurated by Prime Minister Narendra Modi and South Korean President Moon Jae-in. Key Facts Samsung Electronics facility at Sector 81 in ..

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IFFCO inks pacts with two South Korean firms for agri-equipment and finance business

July 10, 2018

Fertiliser cooperative major IFFCO (Indian Farmers Fertiliser Cooperative Limited) has entered into strategic partnership with two leading South Korean firms to explore business opportunities in agri-machinery and farm credit sectors. These two firms are LS Mtron Ltd, a South Korean ..

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China, India clinch deal to reduce tariffs on Indian medicines, anti-cancer drugs

July 10, 2018

China has announced that it has clinched deal with India on reduction of tariffs (import duties) on Indian medicines including anti-cancer drugs. However, it is not yet clear whether it has agreed to grant licences to Indian companies to sell ..

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NASSCOM opens Center of Excellence (CoE) for Data Science and Artificial Intelligence in Bengaluru

July 7, 2018

Indian IT industry apex body NASSCOM (National Association of Software & Services Companies) has opened Centre of Excellence for Data Science and Artificial Intelligence (CoE-DSAI) in Bengaluru, Karnataka. The centre was set up in collaboration with Karnataka Government with an ..

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NITI Aayog to organise India’s First Global Mobility Summit

July 4, 2018

NITI Aayog is going to organise ‘MOVE: Global Mobility Summit’ on September 7-8, 2018 collaboration with various ministries and industry partners. The summit will be held in New Delhi and will be inaugurated by the Prime Minister Narendra Modi. It ..

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