Business
Punjab CM tries to woo corporate honchos in Mumbai
Punjab Chief Minister Bhagwant Mann on Monday extended a red carpet welcome to top honchos of Indian industry, inviting them to invest in his state to give boost to the industrial growth and open doors of prosperity for the youth.
The Chief Minister had detailed parleys with Godrej, Hindustan Unilever, Mafatlal Group, Mahindra & Mahindra, Jindal Steels and others during his visit here.
He showcased the state as the most preferred destination to these industrial units and asked them to invest.
Mann also apprised them that the state government is making strenuous efforts to further strengthen the single-window system for facilitating the investors.
He said the pragmatic policies of the state government coupled with industrial peace and state-of-the-art infrastructure provides a conducive atmosphere for the industrial development in the state.
Mann claimed that earlier single-window service was merely a sham, devoid of any meaningful purpose, which not only demoralised the potential investors but also hampered the industrial development of the state.
During a meeting with the representatives of the Hindustan Unilever, the Chief Minister asked them to expand their existing plant for tomato ketchup manufacturing in Nabha.
He said the government will encourage the farmers of the state to sow tomatoes in Punjab, thereby improving their economic lot. The company assured Mann that they will explore the feasibility of setting up their unit in the state.
The Chief Minister also had a detailed meeting with a delegation of Thyrocare – an Indian multinational chain of diagnostic and preventive care laboratories.
During the meeting, he apprised the representatives of the company that the government is laying major thrust on imparting quality healthcare services to people. Mann also invited the company to set up a chain of laboratories in the state for the people’s benefit.
During a meeting with the Mafatlal group, the Chief Minister said the cotton belt of the state produces the finest cotton across the globe which can be used as raw material for producing premium fabric. He asked the company to invest in the state as there is a huge potential of growth in Punjab.
Taking part in a meeting with representatives of Mahindra & Mahindra, he said that there is a huge potential for the tourism sector in the state, especially around Ranjit Sagar Dam, Chohal Dam and others.
The company showed keen interest in setting up its chain of Club Mahindra resorts in the state. They also invited the Chief Minister for inauguration of the upgraded plant of Swaraj Tractors at Lalru.
During a meeting with the delegation of Kotak Mahindra bank, the Chief Minister discussed the possibilities of expansion of the banking sector in the state.
He assured the delegation that the state government will provide fulsome support and cooperation to them for setting their venture.
Meanwhile, during a meeting with a delegation of Hind Terminal, a logistics company, the Chief Minister said there is a huge scope for the growth of the sector in the state. He assured full support to the company for expansion of their unit in Quilla Raipur.
Mann said that the logistic park will be given a boost by the state government.
The Chief Minister also had detailed deliberations with the Godrej group officials, who called on him later in the day. Mann asked the group to invest in the agriculture sector for benefitting the farmers immensely. He also asked them to explore the possibility of expansion in the real sector too.
During a meeting with Jindal Steel, the Chief Minister said the state is heading towards becoming surplus in power production and this can help in accelerating the growth of industry.
The Chief Minister said the Invest Punjab Summit being organized in Mohali on February 23-24 will prove to be a milestone towards giving a major fillip to industrial growth of the state.
Business
Govt removes domicile certificate requirement for SC, OBC scholarships to ease access

New Delhi, June 19: The Department of Social Justice & Empowerment has removed the requirement for a domicile certificate for students applying under Pre‑Matric and Post‑Matric scholarship schemes for Scheduled Caste and Other Backward Classes, an official statement said on Friday.
This step is expected to reduce the compliance burden on students and simplify the application process for scholarships, enabling easier access to benefits.
Thousands of eligible applicants across the country who study in institutions other than their domicile states will be benefitted, the statement from Ministry of Social Justice & Empowerment said.
Under the Pre-Matric and Post-Matric Scholarship Schemes for SCs and OBCs, nearly 1.2 crore students receive scholarship benefits annually. The removal of domicile certificate requirements will make the application process more student-friendly by reducing documentation requirements and lowering compliance costs.
Further strengthening digital governance, the Department has launched SETU (Scholarship for Educational Transformation and Upliftment) on the UMANG platform as a comprehensive solution for scholarship-related services.
The platform provides a single interface to the eligible applicants, Institutional Nodal Officers, District Nodal Officers and State officials for application registration, tracking, and validation of other services, improving transparency and efficiency.
“These initiatives are aligned with the government’s broader objective of promoting inclusion, reducing procedural barriers, and ensuring effective delivery of welfare schemes,” the statement noted.
The Department remains committed to leveraging technology-driven reforms to enhance outreach and provide timely support to students, it added.
A total of Rs 7,981.47 crore has been disbursed to over 75 lakh scheduled caste (SC) beneficiaries in FY26, an official statement said in April.
The funds were disbursed as part of schemes run by the Department of Social Justice and Empowerment focused on the educational empowerment of marginalised students belonging to Scheduled Castes.
Across key scholarship programs, expenditure rose year‑on‑year, with a 21 per cent increase under the Pre Matric Scholarship Scheme for SCs and Others, an 11.23 per cent increase under the Post Matric Scholarship Scheme for SCs, a rise of 13.5 per cent under Central Sector Scholarship of Top Class Education for SC students.
Business
Mukesh Ambani unveils 5-way roadmap to propel RIL’s growth ahead

Mumbai, June 19: Reliance Industries Ltd (RIL) Chairman Mukesh Ambani on Friday outlined five major value creation pathways for the Group to create a diversified growth architecture spanning energy, materials, digital infrastructure, artificial intelligence, consumer businesses, and global exports.
Addressing Reliance shareholders, Ambani said: “First, the O2C business, the mainstay of Reliance so far, will increase earnings as soon as the geopolitical situation improves. Simultaneously, and more importantly, we are reinventing this business to create a new revenue stream less vulnerable to external volatility. We will convert all the crude oil we process into new materials ─ carbon fibre, speciality materials, green chemicals, and much more. This new vision will drive margin expansion and lay the foundation for our oil-to-chemicals-and-new materials business.”
He further stated that the second pathway comprises the new energy business, which has entered the phase of accelerated commissioning and early revenues. The integrated solar manufacturing and advanced battery platform will achieve one of the world’s lowest costs of RTC green power. It will also enable the world’s most competitive green hydrogen and green chemicals ecosystem.
Besides, the underground coal gasification business has immense growth potential, and the CBG business is ready to be scaled up as the world’s largest bioenergy business, he added.
Ambani identified the third path of growth as Reliance Intelligence, with AI becoming a multi-trillion-dollar business globally. “Reliance Intelligence will lead this business in India. The infrastructure for it is being built at breakneck speed, and it will fully operationalise over the next couple of years,” he remarked.
The Reliance Chairman listed the FMCG business as a new multi-billion-dollar growth engine with plans to grow it into India’s largest FMCG company, and among the biggest in the world.
“It is already among the top few players in various categories and is expanding globally. It recently entered Europe and Africa and will enter many more global markets going forward. Our FMCG growth path is neatly aligned to that of Reliance Retail. Both are anchored in our plan to create India’s most advanced manufacturing platform and a distribution and exports platform with tens of thousands of small, medium and large partners,” he maintained.
Ambani highlighted exports as the fifth path of the group’s growth. “Reliance has long been India’s largest merchandise exporter, with a proven globally competitive world-class platform for energy and materials exports. Leveraging this experience, Reliance aims to become an anchor institution for developing a globally competitive, multi-sector export hub, with a target to enable $125-150 billion in exports by 2032. In this way, we will enlarge global markets for Made in India brands,” he observed.
Hiring the best talent for this new venture has already begun. This scalable platform will strengthen India’s export ecosystem and external economic resilience. This ambition is not only about creating a larger Reliance. It is about creating a stronger India, Ambani added.
Business
Rs 65,000 crore worth coal gasification projects underway in India: Govt

New Delhi, June 19: Coal gasification projects worth more than Rs 65,000 crore are currently under execution in India, signalling that the government’s push to convert coal into chemicals, fuels and industrial feedstock is moving from policy planning to on-ground implementation, according to a senior official.
Speaking at recently organised event, Coal Secretary Vikram Dev Dutt said the sector has witnessed an encouraging response from industry.
According to him, eight projects are already under implementation under the Rs 8,500-crore incentive scheme approved in January 2024.
The projects have received incentive support of Rs 6,233 crore and span sectors including coal-to-synthetic natural gas (SNG), ethanol, hydrogen, acetic acid, ammonium nitrate, DRI-based steel and sustainable aviation fuel.
The government is also finalising the request for proposal (RFP) under a larger Rs 37,500-crore incentive programme after placing the draft document in the public domain for stakeholder consultations.
Addressing the event, Union Coal Minister G. Kishan Reddy said Maharashtra has emerged as a key centre for coal gasification, with five projects already under development in the state.
He noted that Maharashtra benefits from coal availability through Western Coalfields Ltd, along with strong industrial infrastructure and policy support, positioning it as a potential hub for coal gasification projects.
Meanwhile, Maharashtra Chief Minister Devendra Fadnavis said the state is committed to creating an investment-friendly ecosystem for the sector and highlighted Mumbai’s historical association with coal gasification technology.
The government expects the coal gasification initiative to catalyse investments of around Rs 2.5-3 lakh crore across nearly 25 projects and aims to gasify 100 million tonnes of coal by 2030.
The programme forms part of India’s broader strategy to reduce import dependence in fertilisers, chemicals and fuels while strengthening domestic industrial capacity and energy security.
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