logo
Piyush Goyal highlights Rs 3 lakh crore schemes for research, employment and startups

Piyush Goyal highlights Rs 3 lakh crore schemes for research, employment and startups

Hans India3 days ago
Bengaluru: Union Minister of Commerce and Industry Piyush Goyal, during an interactive session with industry leaders in Bengaluru, highlighted a series of major policy initiatives aimed at accelerating research, fostering innovation, generating employment, and strengthening India's startup ecosystem.
During his interaction, Piyush Goyal addressed the recent Union Cabinet approval of over Rs three lakh crore in new schemes. 'Under the leadership of PM Modi, our Ministry approved a scheme to provide Rs 1 lakh crore to promote research and development and innovation. We have also come out with a Rs 2 lakh crore employment generation incentive scheme and several other program for skill development, internship program,' the Union Minister said. 'These will give encouragement to support an ecosystem of startup, tech and manufacturing,' Goyal added, commenting on recent Union Cabinet approval.
Piyush Goyal also praised Bengaluru's thriving deep tech and startup ecosystem, calling it a 'jewel in the crown' of India's economic landscape. He lauded the contributions of the city's global capability centres and tech entrepreneurs. He said, 'I also believe that the deep tech industry, the startup ecosystem, which is present in Bengaluru in a big way, is a jewel in our crown. We are very proud of the good work that the tech sector particularly, and the global capability centres are doing.' He also addressed the broader national concerns. Piyush Goyal during his interaction responded to appreciation from attendees on Operation Sindoor following a recent terrorist attack. He characterized the incident as not just an assault on security but also an attack on India's economic progress, integrity, and sovereignty.
'I was also very pleased when one of the questioners complimented the government for the fitting response given under Operation Sindoor to the terrorist attack, which was an attack on India's economic progress, which was an attack on India's integrity and sovereignty.'
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Hero MotoCorp appoints Kausalya Nandakumar as CBO of emerging mobility unit
Hero MotoCorp appoints Kausalya Nandakumar as CBO of emerging mobility unit

Business Standard

time12 minutes ago

  • Business Standard

Hero MotoCorp appoints Kausalya Nandakumar as CBO of emerging mobility unit

Hero MotoCorp said it has appointed Kausalya Nandakumar as chief business officer (CBO), emerging mobility business unit, with immediate effect 10 July 2025. In this role, Nandakumar will report to Pawan Munjal, executive chairman, and will be responsible for steering the strategic direction and growth of Hero MotoCorps emerging mobility business, Vida, as the company accelerates its transformation towards sustainable, future-ready mobility solutions. Kausalya brings nearly two decades of leadership experience spanning the automotive, electric mobility, digital innovation, and social impact sectors, it added. Kausalya holds a Masters in Business Administration (Marketing) from Narsee Monjee Institute of Management Studies, Mumbai, and Bachelors degree in Electronics & Instrumentation Engineering from Mumbai University. She has further honed her leadership skills through programs at Harvard Business School, Ross School of Business, Shreyans Prasad Jain Institute of Management and Research, and holds a Postgraduate Diploma in Quality Management. Hero MotoCorp is the worlds largest manufacturer of motorcycles and scooters, with a global footprint spanning 48 countries across Asia, Africa and Latin America. It has collaborations with Harley-Davidson and Zero Motorcycles and strategic investments in Ather Energy and Euler Motors. The companys standalone net profit increased 6.39% to Rs 1,080.94 crore on a 4.41% jump in revenue from operations to Rs 9,938.65 crore in Q4 FY25 over Q4 FY24. The scrip rose 0.10% to currently trade at Rs 4,334.95 on the BSE.

Jagatjit Industries CEO & CFO Anil Vanjani resigns
Jagatjit Industries CEO & CFO Anil Vanjani resigns

Business Standard

time12 minutes ago

  • Business Standard

Jagatjit Industries CEO & CFO Anil Vanjani resigns

Jagatjit Industries announced that Anil Vanjani, the chief executive officer and chief financial officer (CFO) of the company, has resigned from his positions with immediate effect. According to a regulatory filing, Vanjani tendered his resignation via email on 9 July 2025. The company's management has accepted the resignation, and he has ceased to serve as CEO and CFO, both roles designated as key managerial personnel (KMP), effective immediately. Jagatjit Industries (JIL) is a prominent player in the premium drinks segment. The company operates one of the largest integrated distilleries for manufacturing potable alcohol in Asia. In India, it was the first to establish in-house capabilities for producing both molasses and non-molasses-based potable alcohol using fully automated distillation plants. The company manufactures and markets a diverse portfolio of products, including alcoholic beverages, malt, malt extract, nutritious planned foods, milk powder, ghee, and other dairy products. The company also produces malted milk foods as part of its product range. The company reported a consolidated net loss of Rs 6.82 crore in Q4 FY25 as against a net profit of Rs 1.96 crore recorded in Q4 FY24. Revenue from operations fell 11.4% YoY to Rs 115.35 crore posted in Q4 FY25. The scrip jumped 7.91% to Rs 174 on the BSE.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store