Unveiled: India's 17 high-impact emerging real estate hotspots
Trade Promotion Council of India
Apex trade and investment promotion organization notified by the Department of Commerce, Government of India
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Tier-2 cities are set to emerge as real estate hotspots across India
According to a report by Colliers, India is projected to have nearly 100 cities with populations exceeding one million by 2050. The report highlights 17 high-impact emerging real estate hotspots, including Amritsar, Ayodhya, Jaipur, Kanpur, Lucknow, and Varanasi. Urban growth in these cities is expected to be driven by key factors such as infrastructure development, digitization, tourism, and transformations in the office landscape.
BSES unveils India's largest battery energy storage system
BSES, a leading power distribution company in Delhi, has launched India's largest utility-scale Battery Energy Storage System (BESS) at its Kilokari substation. This innovative project ensures uninterrupted electricity supply during grid failures and addresses challenges related to electricity demand variations, enhancing power reliability and integrating renewable energy sources.
FACT OF THE DAY
Domestic auto giants Maruti Suzuki, Hero MotoCorp, and TVS Motor are capitalizing on the booming electric vehicle export market. Maruti Suzuki is gearing up to export its first electric SUV to Europe, while Hero MotoCorp is rolling out its VIDA V1 electric scooter across European nations. Simultaneously, TVS Motor is making strides in the EU with its electric scooter iQube.
Source: The Economic Times
Rs 96,000 crore spectrum auction for 5G airwaves begins today
The 5G airwaves auction in India, which begins on Tuesday, is expected to be subdued, with telecom giants having adequate holdings and low consumer 5G adoption.
领英推荐
DGTR recommends extending duties on steel from China, Vietnam
The Directorate General of Trade Remedies (DGTR) has indicated that lifting the current countervailing duties on imports from China and Vietnam would likely harm the domestic industry. The DGTR has suggested extension of the existing duties, proposing a duty rate of up to 29.88%.
QUOTE OF THE DAY
Government imposes wheat stock limits to curb hoarding
The Indian Government has imposed wheat stock limits under the Essential Commodities Act to prevent hoarding and stabilize prices, effective June 24, 2024, to March 31, 2025. The?limits apply to traders, wholesalers, and retailers. Union Food Secretary Sanjeev Chopra assured there is no wheat shortage and all options remain open to control prices.
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