Preemptive Measures: Centre Files Caveats in High Courts Amid Fears of Stay Order on Sugar-Ethanol Ban
IntroductionThe central government has taken a preemptive measure to prevent any stay order on its recent ban on using sugar for ethanol production in the 2023-24 supply year. The government has filed caveats in the High Courts of Bombay and Karnataka, seeking to be heard before the courts pass any order on the petitions filed […]
Government to Directly Purchase from Over 300 Medical Device Manufacturers via GeM Portal
Introduction to GeM Portal The Government eMarketplace (GeM Portal), under the Commerce Ministry, serves as a significant public procurement platform. Recently, it established a groundbreaking memorandum of understanding (MoU) with the Association of Indian Manufacturers of Medical Devices (AiMeD). MoU Signing and Its Implications This MoU marks a pivotal step in transforming healthcare procurement in […]
Byju’s Valuation Plummets by 95%, Now Stands at $1 Billion: BlackRock
Introduction to Byju’s Valuation Drop In a startling turn of events, Byju’s, the Indian edtech giant, has seen its valuation dramatically reduced by BlackRock, a leading investment management company. The recent adjustment brought Byju’s valuation down from a peak of $22 billion to a mere $1 billion, marking a sharp 95% decrease. BlackRock’s Valuation Adjustment […]
Raksha Mantri Rajnath Singh Greenlights Group Insurance Scheme for BRO’s Casual Paid Labourers
Historic Welfare Enhancement Raksha Mantri Shri Rajnath Singh has approved a significant enhancement of welfare measures for the Border Roads Organisation’s (BRO) Casual Paid Labourers (CPLs). This move marks a substantial development in the support extended to these workers, who are employed in the construction of roads in challenging forward and border areas. Extension of […]
SBI Collaborates with Rural Development Ministry for SHG Loans: A New Chapter in Rural Financing
State Bank of India (SBI), the largest public sector bank in India, has partnered with the Ministry of Rural Development (MoRD) to launch a new financial product called Svyam Siddha, exclusively for women entrepreneurs in rural self-help groups (SHGs). This initiative is expected to boost rural financing and empower women-led enterprises in the country. Svyam […]
MobiKwik and Adani One Join Forces to Provide Exclusive Travel Discounts
MobiKwik, a fintech company, has partnered with Adani One, an integrated travel platform, to offer exclusive discounts on flight bookings and duty-free products for their users. The partnership aims to leverage technology to make travel bookings and global brands more accessible and affordable across India. Flight Booking Offer Users who pay with MobiKwik Wallet on […]
TCPL’s Major Acquisition: Capital Foods and Organic India Jointly Valued at Rs 7,000 Cr”
Tata Consumer Products Ltd (TCPL), the Tata Group’s FMCG arm, has announced to acquire two companies – Capital Foods and Organic India – in separate deals that will expand its product portfolio and addressable market in fast-growing and high-margin categories. Capital Foods: A leading player in instant noodles and sauces Capital Foods is the owner […]