Newsmakers: Industrial output grows, RIL bets on start-ups and more

Govt says working on plan to boost sugar exports
The government is working on a multi-year plan to boost sugar exports to deal with local oversupply, an official was quoted as saying by an industry group, targeting markets in Africa, China and neighbouring countries in a move that could weigh on international prices.

RIL bets big on start-ups
Reliance Industries has expressed its readiness to pump in more money to create an ecosystem to build high-value start-ups with an objective to put the country on the global map as a start-up and innovation hub at par with Israel and the Silicon Valley by 2022.

Sovereign gold bond scheme likely to succeed: Nomura
Japanese brokerage firm Nomura has said that of the two gold schemes cleared by the government, the Sovereign Gold Bond (SGB) scheme may have a higher chance of succeeding and would potentially cut India's gold import bill.

July industrial output grows 4.2%
With industrial output growing at 4.2 per cent in July, India Inc said it indicates a revival in industrial activity and reiterated the demand for a rate cut by the RBI to provide a fillip to industrial growth.

PM Modi inaugurates new terminal at Chandigarh airport
Chandigarh got a new civil air terminal on Friday with Prime Minister Narendra Modi inaugurating the 305-acre complex in Punjab's Mohali district (adjoining Chandigarh). All domestic flights operating to and from Chandigarh are likely to be shifted to the new terminal from next month.