Nova Agritech Raises Rs 43 Crore from Anchor Investors
Nova Agritech Ltd, a manufacturer of agri-input products such as bio-fertilizers, bio-pesticides, micronutrients and plant growth promoters, has raised Rs 43.14 crore from anchor investors ahead of its initial public offering (IPO) that opens on January 22, 2024. Anchor Investors The company informed the bourses that it allocated 1,05,22,220 equity shares at Rs 41 per […]
Up to 2,800 Jobs at Risk as Tata Steel Plans to Shut Down UK Blast Furnaces
Tata Steel, the India-owned steel giant, announced on Friday that it will close its two blast furnaces in Britain by the end of this year, putting up to 2,800 jobs at risk at its Port Talbot steelworks in Wales. The company said the decision was part of its plan to turn around its loss-making UK […]
Karnataka Government Establishes Committee to Conduct Job Fairs for Unemployed Youth
The Karnataka government has announced a new initiative to help the educated unemployed youth of the state find suitable jobs. The initiative, called Yuva Nidhi, is a part of the five poll guarantees that the ruling Congress party had promised before the assembly elections in May 2023. What is Yuva Nidhi? Yuva Nidhi is a […]
Wheat Cultivation Area Exceeds 340 Lakh Hectares, Pulses Struggle in Rabi Season: Government Data
Wheat sowing completed with higher coverage The Department of Agriculture & Farmers’ Welfare has released the progress of area coverage under rabi crops as on 19th January 2024. According to the data, wheat, the main rabi crop, has been sown in 340.08 lakh hectares, which is higher than the 337.50 lakh hectares in the same […]
Matix Fertilizers Faces Rs 100cr Claim from GEECL Amid GSPA Controversy
Introduction Matix Fertilizers & Chemicals Limited, a company that operates West Bengal’s only large integrated fertilizer plant at Panagarh near Durgapur, is facing a legal dispute with Great Eastern Energy Corporation Limited (GEECL), a natural gas producer. GEECL has claimed more than Rs 100 crore from Matix for allegedly not honouring the terms of the […]
Green Energy on the Horizon: Sanmit Infra Board Greenlights Bio CNG Plant Proposal
Sanmit Infra Ltd, a company engaged in construction of real estate projects, supply of petroleum products and biomedical waste management, has announced its plan to set up a bio CNG plant under the Sustainable Alternative towards Affordable Transportation (SATAT) scheme. The project is part of the company’s broader strategy of expanding its business operations over […]
Akshayakalpa Organic’s Expansion: New Dairy Plant to Open Near Chennai
Akshayakalpa Organic, a certified organic dairy company, will inaugurate a new plant near Chennai on January 26. It is the second facility of the company after the one in Karnataka. The plant at Pooriyampakkam in Chengalpet district, about 70 kilometres south of Chennai, will have an installed capacity to process 40,000 litre of organic dairy […]
India-Peru Trade Talks: The Next Chapter Set to Unfold on February 12
Introduction India and Peru are set to resume their negotiations for a free trade agreement (FTA) that aims to promote bilateral trade and investment between the two countries. The FTA negotiations started in 2017 and the fifth round was concluded in August 2019. However, the talks were paused due to the coronavirus pandemic. The sixth […]
Hyundai’s Strategic Move: Acquisition of GM’s Talegaon Plant and ₹6,000 Crore Investment in Maharashtra
Hyundai Motor India Ltd. (HMIL), the second-largest carmaker in India, has completed the acquisition of General Motors India’s Talegaon Plant in Maharashtra, as part of its expansion strategy in the country. The acquisition boosts Hyundai’s cumulative production capacity to 1 million units and aligns with the ‘Atmanirbhar Bharat’ initiative. Acquisition Details The Asset Purchase Agreement […]
A Leap Towards Progress: PM Lays Foundation for Rs. 2,000 Crore AMRUT Projects in Solapur, Maharashtra
Prime Minister Narendra Modi on Friday laid the foundation stone of eight urban development projects under the Atal Mission for Rejuvenation and Urban Transformation (AMRUT) scheme in Solapur, Maharashtra. The projects, worth around Rs. 2,000 crores, aim to improve the water supply, sewerage and drainage systems in the city. PM Modi also dedicated to the […]