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NATIONAL
Govt clears 26 FDI proposals worth Rs 16.08 cr
New Delhi: Government on August 12 cleared 26 proposals envisaging Foreign Direct Investment (FDI) worth Rs 16.08 crore including a Rs 5.03 crore plan by Citi Corp International for setting up a unit in Mumbai to manufacture active pharmaceutical ingredients and bulk drugs.

Industry grows by 5.3 per cent in the first quarter
New Delhi: Aided by a steady growth of the manufacturing sector, the Industrial production grew by 5.3 per cent during the first quarter of the current financial year.