SBI and ArSRLM Collaborate to Boost Financial Services for SHGs
This initiative is particularly geared towards 12,000 SHGs that have been fostered under the Deendayal Antyodaya Yojana National Rural Livelihood Mission (DAY-NRLM) in the state.
India’s Solar Sector Heats Up: BluPine’s ₹1,700 Crore Acme Acquisition
The acquisition marks a major expansion for BluPine Energy, adding 312 megawatts of solar capacity to its portfolio. BluPine Energy was established in 2021 and has quickly grown its capacities through acquisitions, now boasting a renewable capacity of 1.8 gigawatts.
Apple’s Big Move: Foxconn to Start iPhone Production in Karnataka by 2024
Foxconn’s total investment in the facility now stands at approximately $2.7 billion. This includes the recent approval of an additional $1 billion specifically for the production of Apple products
Indian Oil and EKI Energy Join Forces for ‘Surya Nutan’, Revolutionizing Solar Cooking
Indian Oil Corporation Ltd. (IOCL), India’s largest fuel refiner and retailer, has recently collaborated with EKI Energy Services Ltd., a global carbon credit developer and supplier, to promote ‘Surya Nutan’, a pioneering indoor solar cooking system developed by IndianOil
India-Oman Free Trade Agreement: A Catalyst for Enhanced Economic Cooperation
A notable aspect of this evolving partnership is the significant increase in bilateral trade, which surged from $5.01 billion in the Indian financial year 2018-19 to $12.39 billion in 2022-23.
FIRST SWYP: The Card that Understands Millennial and Gen Z Finances
IDFC FIRST Bank, in collaboration with Mastercard, has launched the “FIRST SWYP” Credit Card, targeting the Millennial and Gen Z demographics. This card marks an extension of IDFC FIRST Bank’s credit card offerings, building on the success of their FIRST Millennia Credit Cards.
Revolutionizing Taste: ₹7,000 Crore Boost for Indian Food Processing
The PLI Scheme for Food Processing Industry (PLISFPI) was approved by the Union Cabinet on March 31, 2021, with a budget of ₹10,900 crores, to be implemented over five years, from 2021-22 to 2026-27.
A New Era in Digital Payments: SBI Card Joins Forces with Bharat BillPay
SBI Card, one of India’s leading credit card issuers with a customer base of approximately 1.68 crore, has recently integrated with Bharat BillPay, a subsidiary of the National Payments Corporation of India (NPCI).
HCCB’s ₹3,000 Crore Boost to Gujarat’s Economy: New Rajkot Facility in the Making
HCCB plans to invest ₹3,000 crore in establishing a state-of-the-art facility in Rajkot. This investment underscores HCCB’s confidence in Gujarat’s business environment and its potential for growth.
ADB’s Sustainable Vision: $200 Million for Urban Sanitation and Waste Management
This initiative is a major stride in supporting the Government of India’s Swachh Bharat (Clean India) Mission–Urban 2.0, which aims for all cities to be garbage-free by 2026.