Maruti Suzuki inks pact with Kamarajar Port to export passenger vehicles
New Delhi/UNI: Maruti Suzuki has signed an agreement with Kamarajar Port Limited for export of passenger vehicles to global markets.
Finance
Reliance Retail acquires METRO India
Mumbai/UNI: Reliance Retail Ventures Limited (‘RRVL’) on Thursday signed definitive agreements to acquire 100 percent equity stake in METRO Cash and Carry India Pvt Ltd (‘METRO India’) for a total cash consideration of Rs 2,850 crore, subject to closing adjustments.
PLI scheme: Govt clears Rs 357 cr for Foxconn India for phone manufacturing
New Delhi/IBNS: The government has given the green signal to a production-linked incentive (PLI) scheme of over Rs 400 crore for Foxconn India and Padget Electronics for mobile phone manufacturing.
Coal demand likely to peak between 2030-2035: Minister
New Delhi/IBNS: The demand for coal is continuing and likely to peak between 2030-2035 being an affordable source of energy with substantial reserve, coal is going to stay as a major source of energy in the foreseeable future, Union minister Pralhad Joshi said on Wednesday.
Bigbasket likey to raise funds through IPO: Report
Mumbai/IBNS: Tata Group’s Bigbasket is likely to go for an Initial Public Offering (IPO) within three years after the online grocer was valued at $ 3.2 billion after the latest fundraising, media reports said.
Bilateral trade between India and the GCC jumps 41 pc to $111.71 billion
New Delhi/IBNS: Bilateral trade between India and the Gulf Cooperation Council (GCC) during the current FY 2022-23, for the period April-October 2022 stood at $111.71 billion, up from $79.49 billion during the same period in FY 2021-22, Union minister Anupriya Patel said on Wednesday.
ProHance Analytics officially launches in the US Hybrid Work Software Market
Wilmington, Delaware: ProHance Analytics, a cloud-based enterprise workforce analytics solution, has announced its formal launch in the United States.
Air India and Air India Express associate with Kochi-Muziris Biennale as their official travel partners
New Delhi: Air India and Air India Express have associated themselves with the Kochi-Muziris Biennale this year as the official travel partners for the largest art exhibition in the country and the biggest contemporary art festival in Asia.
World Bank approves $610 mln financial package to address Ukraine's urgent needs
Washington/UNI: The World Bank issued a release announcing that it has approved a new $610 million financial package for Ukraine that includes projects to boost the country’s recovery efforts.
Hero Motocorp launches new XPulse 200T 4Valve
Kolkata/UNI: Further strengthening its commitment towards adding youthful and thrilling offerings to its premium portfolio, Hero MotoCorp, the world’s largest manufacturer of motorcycles and scooters, on Wednesday launched the all-new XPulse 200T 4 Valve.
Airtel 5G Plus now live in Ahmedabad and Gandhinagar
Ahmedabad: Telecommunication service provider Bharti Airtel provider on Wednesday announced the launch of its cutting edge 5G services in Ahmedabad and Gandhinagar.
Airtel 5G Plus is now live in Imphal
Kolkata/UNI: Bharti Airtel (Airtel), India’s leading telecommunications services provider, on Wednesday announced the launch of its cutting edge 5G services in Imphal.
CWBTA Trade Excellence Award flagged off in Kolkata
Kolkata: The Confederation of West Bengal Trade Associations (CWBTA) - eastern India’s largest trade association and apex trade body representing 70 different trade associations and over 1.5 million small and big traders - flagged off its `CWBTA Excellence Award 2022’.
History of Axis Bank
Axis Bank is a private-sector bank in India. It was founded in 1993 as UTI Bank and was later renamed Axis Bank in 2007. The bank was established with the goal of providing specialized financial services in the areas of investment banking, corporate banking, and retail banking.
Shyam Metalics and Energy completes acquisition of Mittal Corp Limited
Kolkata: Metal-producing company Shyam Metalics and Energy Limited (SMEL) on Tuesday announced it has completed the acquisition of Mittal Corp Limited.
Volkswagen strengthens its presence in East India with the inauguration of two new touchpoints in Kolkata
Kolkata: Volkswagen Passenger Cars India strengthens its presence in East India with the inauguration of two new touchpoints in the city of Kolkata.
WAAREE ramps up its module manufacturing capacity to 12GW
Mumbai: WAAREE, a solar panel manufacturer, currently has a 9 GW module Manufacturing facility operational further company setting up additional module Manufacturing capacity which will take companies module Manufacturing capacity to 12 GW for a 650-watt module by March 2023.
Arjas Steel to increase annual production capacity to 550,000 tons at an investment of over Rs 600 cr
Kolkata/IBNS: Arjas Steel will invest Rs 610 crore in capacity expansion at its two plants at Tadipatri, Anantapur District, Andhra Pradesh and Mandi Gobindgarh, Punjab taking the total capacity to 550,000 tons.
NTPC group crosses 3 GW operational Renewable Capacity
New Delhi: With commissioning of 100 MW solar capacity at its Nokhra Project at Rajasthan, NTPC achieved another milestone of 3 GW Operational capacity on 20 December 2022.
Oriental Yeast India invests 900 Cr to set up all-new state-of-the-art-yeast facility in India
New Delhi: Oriental Yeast India (OYI), a subsidiary of OYC Japan, a global leader in yeast manufacturing in Japan, expanded its footprint by investing ₹900 crores in building a global scale yeast plant in India.
Scientists revolutionising saffron cultivation in Jammu and Kashmir
Srinagar: The scientists of Sheri Kashmir University of agriculture science and technology (SKUAST) have successfully produced indoor saffron for promoting the crop in the region, media reports said.
63 moons technologies that accused ex-finance minister Chidambaram of power misue wins ‘Asia’s Most Trusted Company’ award
New Delhi/IBNS: 63 moons technologies ltd, domestic fintech leader and creator of next-gen digital marketplaces which had accused former finance minister P Chidambaram and others of misuse of power, has been recognised and honoured with ‘’Asia's Most Trusted Companies” Award by the International Brand Consulting (IBC) Corporation, USA, for being the “Best Technology Solution Provider of Asia”.
Paytm and HDFC ERGO launch ‘Payment Protect’ a one-of-a-kind bite-size insurance policy to protect mobile transactions up to Rs 10,000
Kolkata: One97 Communications Limited (OCL) that owns the brand Paytm, India’s leading payments and financial services company and the pioneer of QR and mobile payments in India, has launched ‘Paytm Payment Protect’, a group insurance plan in association with HDFC ERGO General Insurance, a leading general insurance company of India, to insure transactions made through UPI across all apps and wallets.
Bandhan Bank ties up with Govt. of India to set up Sparsh service centres for Defence pensioners
Kolkata: Bandhan Bank on Monday announced that it has signed the Memorandum of Understanding (MoU) with Controller General of Defence Accounts, Ministry of Defence, Govt. of India for extending the banking services to the Defence Pensioners and their families.
Volkswagen strengthens its presence in East India with the inauguration of two new touchpoints in Kolkata
Kolkata: Volkswagen Passenger Cars India strengthens its presence in East India with the inauguration of two new touchpoints in the city of Kolkata.
Tata Steel executes implosion of two obsolete coke plants
Jamshedpur/UNI: Tata Steel on Sunday successfully executed the implosion of two obsolete coke plant facilities - Battery#6 Chimney and a Coal Tower - at its Jamshedpur Works under controlled conditions.
Airtel 5G Plus now live in Shimla
Shimla: Telecommunication service provider Bharti Airtel on Monday announced the launch of its cutting edge 5G services in Shimla.
Ducati India announces price hike on its entire motorcycle range
New Delhi: Luxury motorcycle brand Ducati on MOnday announced an increase in price on its entire motorcycle range to be effective on Ex-Showroom India price, from 1st January 2023.
GST Council decides to decriminalise certain offences, no tax rate increase
New Delhi: In a significant move to facilitate trade, the GST Council chaired by Finance Minister Nirmala Sitharaman on Saturday decided to decriminalise certain offences and doubled the threshold for launching prosecution to Rs 2 crore under GST.
Supreme Court rejects Bilkis Bano’s review petition against remission
New Delhi: Bilkis Bano received a setback as the Supreme Court had dismissed her review petition in which she had challenged this year's May 13 verdict which directed the Gujarat government to decide remission pleas of 11 life imprisonment persons convicted for gangrapes-murders during 2002 communal riots in Gujarat.