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Business Economy


Govt allows higher local content requirement for public procurement

New Delhi, Sep 18 (UNI) The Centre has expanded the scope for local content requirement in public procurement tenders by allowing departments and ministries to mandate higher than minimum 50 per cent and 20 per cent local content stipulated earlier for two separate categories of local suppliers.
''The Government of India has amended the Public Procurement (Preference to Make in India) Order, 2017 on 16.09.2020, enabling nodal Ministries/ Departments to notify higher minimum local content requirement for Class-I & Class-II local suppliers which was earlier fixed at 50 per cent and 20 per cent respectively,'' according to an official statement on Friday.
As per the Order issued on Thursday, entities of countries which do not allow Indian companies to participate in their Government procurement for any item, will not be allowed to participate in Government procurement in India for all items related to that nodal Ministry, except for the list of items published by the Ministry permitting their participation.
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Laurus Labs’ Q2 net jumps manifold to Rs 242 crore in Q2 FY21

29 Oct 2020 | 11:02 PM

Hyderabad, Oct 29 (UNI) Hyderabad-based Laurus Labs Ltd net profit for the second quarter ended September 30,2020, increased multiple times at Rs 242 crore against Rs 57 crore in the corresponding period in the previous year.

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Telangana Dharnai portal is a great relief to people: Hosing com Group COO

29 Oct 2020 | 9:53 PM

Hyderabad, Oct 29 (UNI) Inauguration of land web portal ‘Dharani’ by the Telangana government on Thursday, will come as a relief to people who get bogged down by cumbersome procedures, said Mani Rangarajan, Group COO, Housing.com, Makaan.com and PropTiger.com.

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Corporates to scout for startups from Kerala in KSUM-NASSCOM programme

29 Oct 2020 | 9:25 PM

Thiruvananthapuram, Oct 29 (UNI) Seeking to provide the best business opportunities for startups by seizing the demand from the corporate sector, Kerala Startup Mission (KSUM) is organising a five-day “Corporate Demand Week” from November 2, in association with National Association of Software and Service Companies (NASSCOM).

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MoEngage Named a Leader in the 2020 Gartner Magic Quadrant for Mobile Marketing Platforms

29 Oct 2020 | 9:23 PM

Company has achieved rapid growth and adoption of its AI-powered, insights-led customer engagement solution
SAN FRANCISCO, Oct. 29, 2020 /PRNewswire/ -- MoEngage, the leading insights-led customer engagement platform, today announced that it has been named a "Leader" in the 2020 Gartner Magic Quadrant for Mobile Marketing Platforms report. This is the third consecutive year that MoEngage has been recognized in this report. A complimentary copy of the report is available here.

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DENSO Products and Services Americas Named 2020 North American Aftermarket Automotive Company of the Year

29 Oct 2020 | 9:22 PM

DENSO recognized for excellence in aftermarket products, model customer service and training programs
SANTA CLARA, Calif., Oct. 29, 2020 /PRNewswire/ -- Based on its recent analysis of the North American automotive aftermarket, Frost & Sullivan has honored DENSO Products and Services Americas, Inc. with its 2020 North American Aftermarket Automotive Company of the Year Award. The international consulting firm, a global expert in strategic growth, recognizes companies and organizations that model excellence in growth strategy and implementation, product and technology innovation, and leadership that increases customer value and market penetration.

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