Month: August 2023

ABP Network breaks the internet, zooms past 100 million subscribers on YouTube

Vijay Raman

ABP Network, a trailblazing presence in the realm of news broadcasting, has achieved a significant accomplishment by surpassing the impressive milestone of 100 million subscribers on YouTube. This remarkable achievement stands as a testament to the Network's exceptional digital capabilities and emphasizes its resolute dedication to providing trustworthy news and captivating content to diverse language audiences. The collective subscriber count encompasses a wide spectrum of YouTube channels under the ABP Network umbrella, including those associated with ABP News, ABP Ananda, ABP Majha, and ABP Asmita, as well as digital channels…

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SAIL records its best ever Q1 performance with respect to Crude Steel Production and Sales

Vijay Raman

Steel Authority of India or SAIL production of hot metal, crude steel, and saleable steel of 5.037 million tonnes (MT), 4.667 MT, and 4.405 MT, respectively. These figures represent a remarkable growth of 7 per cent, 8 per cent, and 8 per cent respectively in comparison to the previous best.   SAIL also attained its highest-ever sales performance in the first quarter by achieving a sales volume of 3.9 MT, thereby marking a growth of around 24 per cent over the CPLY. This record-breaking performance by SAIL has come up…

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TDB-DST supports Bengaluru-based TIEA Connectors with Rs 3.81 crore funding for commercializing cutting-edge technology

Vijay Raman

The Technology Development Board today penned an agreement with Bangalore based M/s TIEA Connectors Private Limited under the initiative “Commercialization of Indigenous Technologies through Tech Start-ups”. The Board has pledged a support of Rs. 3.81 crore out of the total project cost of Rs. 8.19 crore for the project “Commercialization of micro-electronic harsh environment connectors and terminals”. The start-up has graduated from the Indian Institute of Science, Bangalore incubator, the Society for Innovation and Development (SID-IISc).   TDB launched the initiative “Commercialization of Indigenous Technologies through Tech Start-ups” with the…

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Paradip Port Authority (PPA) becomes fastest Major Port to handle 50 MMT Cargo in current fiscal

Vijay Raman

Paradip Port achieved a major milestone by clocking record cargo throughput of 50.16 MMT Cargo on 8th August, 2023, by exhibiting 6.5% growth over the corresponding period of previous fiscal. This feat has been achieved by the Port in 129 days in the current fiscal compared to 140 days during the previous year. PPA has also handled record 942 nos. of Vessels in comparison to 812 nos. handled in the corresponding period of previous fiscal.     For the above feat, Shri P.L. Haranadh, Chairman, PPA expressed his gratitude to…

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First trial shipment of fresh pomegranate exported to America

Vijay Raman

In a major boost to fruits exports prospects, Agricultural and Processed Food Products Export Development Authority (APEDA), which works under the aegis of Ministry of Commerce and Industry, has facilitated the export of the first trial shipment of fresh pomegranate to the USA through air route. The first export consignment of pomegranate to USA was initiated by APEDA in collaboration with National Plant Protection Organization (NPPO) of India, the US’s Animal & Plant Health Inspection Service (US-APHIS), Maharashtra State Agricultural Marketing Board (MSAMB), ICAR-National Research Centre on Pomegranate, Solapur (NRC-Solapur)…

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RBI Keeps Repo Rate Unchanged – Advantage Housing

Vijay Raman

  Anuj Puri, Chairman – ANAROCK Group:   As widely anticipated, the RBI has decided to keep the repo rates unchanged at 6.5%. India continues to outperform other countries in terms of consumption and with the festive season coming up, the RBI will not risk denting it.   This is nothing but good news for aspiring homebuyers on the market for a purchase in the near future. The unchanged repo rate will help maintain the momentum in housing sales – particularly in the mid and luxury segments, which did significantly…

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Commander (Eastern Seaboard) S Paramesh appointed as Additional Director General Coast Guard

Vijay Raman

Commander (Eastern Seaboard) S Paramesh has been appointed as Additional Director General Coast Guard at Indian Coast Guard Headquarters, New Delhi. The Flag Officer was at the helm of Coast Guard Region (East), Coast Guard Region (West), and Coast Guard Commander (Eastern Seaboard) before assuming Additional Director General Coast Guard. The Flag Officer is an alumnus of the National Defence College, New Delhi, and Defence Services Staff College, Wellington.   The Flag Officer is specialised in Navigation & Direction and his sea commands include all major vessels of ICG which…

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NTPC REL Secures Bid for 80 MW Floating Solar Project at Omkareshwar Reservoir in Madhya Pradesh

Vijay Raman

NTPC Renewable Energy Limited is the successful bidder for 80 MW Floating Solar capacity at Omkareshwar Reservoir, Khandwa, Madhya Pradesh.   The bidding was conducted on 8th August 2023 by Rewa Ultra Mega Solar Limited (RUMSL), the JV Company of Solar Energy Corporation of India (SECI) and MP Urja Vikas Nigam Ltd. The discovered tariff is ₹3.80/kWh and the energy generated from the project shall be used by MP state DISCOMs.   With completion of this project, the floating solar capacity of NTPC shall be 342 MW. The biggest Floating…

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Luxury Homes Appreciate 24% in Avg. Price in the Top 7 Cities Since 2018, Affordable Housing Sees 15%

Vijay Raman

  Avg. prices of homes priced >INR 1.5 Cr in top 7 cities saw highest price appreciation b/w 2018 & 2023 among all 3 budget categories – from INR 12,400/sq. ft in 2018 to approx. INR 15,350/sq. ft. today At 42%, Hyderabad records the highest avg. price appreciation in the luxury category – from INR 7,450 per sq. ft. in 2018 to INR 10,580 per sq. ft. today MMR & Bengaluru each see 27% rise in avg. prices for homes priced >INR 1.5 Cr in the same period Affordable homes…

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Impact of High Interest Rates on Home Buyers Across Segments

Vijay Raman

 – By Akash Pharande, Managing Director – Pharande Spaces As we await the RBI’s monetary policy decision on the repo rate, let us examine the factors involved, and their implications on the Indian housing market. There can be various reasons for a hike in the repo rate, including inflationary pressure, rising food and fuel prices, excessive growth in the money supply, weakening of the Indian rupee, global economic factors such as a significant increase in international crude oil prices or global market instability, inflation expectations, and overall financial stability concerns.…

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