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India's first machine tool park ready for investors in Karnataka


India’s first machine tool park ready for investors
India’s first machine tool park ready for investors in Karnataka
Both state and central govts have set up a special purpose vehicle named Tumakuru Machine Tool Park (TMTP) to develop the new industrial cluster
Feb 28 2021, 21:52 ist
updated: Mar 01 2021, 06:59 ist
Karnataka, which is home to India’s first Aerospace SEZ, electronics city and several IT parks, is now ready with India’s first integrated machine tool park.
The park, spread over 530 acres at Vasanthnarasapura, about 90 kms from Bengaluru, is developed under the scheme of Enhancement of Competitiveness in Indian Capital Goods Sector (ECICGS), jointly by the state government and the Department of Heavy Industries, Government of India. ....

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NTPC Edges Higher On Inking Pact To Buy GAIL's Stake In Ratnagiri Gas

NTPC has signed a share purchase agreement to buy GAIL's 25.51 per cent stake in Ratnagiri Gas and Power, commonly known as Dabhol project ....

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Market Ahead, Feb 24: Top factors that could guide markets today


After managing to barely snap their 5-day losing run on Tuesday, the benchmark indices look poised for a gap-up start in today s trade even as the global setup remained mixed. At 7.15 am, Nifty futures on the Singapore Exchange traded 94 points up at 14,808.
In the overnight session, the Dow & S&P500 recouped early losses after Federal Reserve Chairman Jerome Powell signaled that the central bank was nowhere close to pulling back on its support for the pandemic-damaged US economy even as he voiced expectations for a return to more normal, improved activity later this year. Powell said that Fed would remain accommodative and would not change without advance warning. ....

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