Diesel Irregularities: Toyota Suspends 3 Models
Toyota Kirloskar Motor (TKM), the Indian subsidiary of the Japanese automaker, has announced that it is temporarily suspending the dispatch of three of its models – Innova Crysta, Fortuner and Hilux – in the country after “irregularities” were found in the certification tests for the diesel powertrain. What are the irregularities? According to a statement […]
NGEL’s ₹80,000 Cr Green Hydrogen Project in Maharashtra
NTPC Green Energy Ltd (NGEL), a wholly-owned subsidiary of NTPC, India’s largest power producer, has signed a memorandum of understanding (MoU) with the Maharashtra government to develop green hydrogen projects and its derivatives in the state. The MoU, signed on January 29, 2024, is part of the state’s Green Investment Plan for the next five […]
X’s Challenge to Tweet Block Secrecy in Karnataka HC
X Corp, the microblogging platform formerly known as Twitter, has challenged the Indian government’s decision not to disclose the orders passed by a review committee that upheld the blocking of several tweets on its platform. The company has filed an appeal before the Karnataka High Court, seeking to quash a single-judge order that imposed a […]
Regulator Fines Air India Rs 1.1 Crore for Safety Violation
Air India has been penalised by the Directorate General of Civil Aviation (DGCA) for flouting safety rules on flights operating on certain long-range terrain critical routes. The aviation regulator imposed a fine of Rs 1.1 crore on the national carrier after an investigation revealed non-compliance by the airline. The case pertains to a pilot refusing […]
BOB Financial Solutions Now ‘BOBCARD Limited’: A Rebranding
BOB Financial Solutions Limited (BFSL), a wholly owned subsidiary of Bank of Baroda, has announced its new corporate identity as BOBCARD Limited. The company has also unveiled a new logo and a positioning statement “Credit Reimagined”. The rebranding reflects the company’s commitment to provide innovative and customer-centric credit solutions to the Indian market. What is […]
Suzlon Wins 642 MW Wind Project from ABC Cleantech
Suzlon Group, a leading renewable energy solutions provider, has secured a 642 MW order from ABC Cleantech Private Limited, a joint venture between Brookfield and Axis Energy in India. The order is for Suzlon’s 3 MW series of wind turbine generators, which will be installed in Andhra Pradesh. Suzlon will also provide installation, commissioning and […]
Mumbai-Ahmedabad HSR’s 28 Seismometers for Earthquake Warning
The Mumbai-Ahmedabad High-Speed Rail Corridor, also known as the bullet train project, is set to become the first railway project in India to have an Early Earthquake Detection System (EEDS) to ensure the safety of passengers and critical infrastructure during earthquakes. The National High Speed Rail Corporation Limited (NHSRCL), which is implementing the project, announced […]
Rs 15 Cr Agri Start-up Funding from IIM Kashipur Initiative
IIM Kashipur’s Foundation for Innovation and Entrepreneurship Development (FIED) and E-Cell recently organised the 7th edition of Uttishtha, the biggest agri start-up expo in India. The two-day event showcased a number of forward-thinking startups run by bright young people from all around the nation, who presented their products and services that support the agricultural industry […]
L&T Secures Order for Dubai Solar Plant
Larsen and Toubro (L&T), India’s leading engineering and construction company, has announced that its renewable engineering, procurement, and construction (EPC) arm has been chosen as the turnkey contractor to establish a 1800MWac solar photovoltaic plant in Dubai, the United Arab Emirates . Project details The project is the sixth phase of the Mohammed bin Rashid […]
HC Approves GST ‘Anti-Profiteering’ Clause
The Delhi High Court has upheld the constitutional validity of the anti-profiteering clause in the GST law, which requires companies to pass on the benefit of lower taxes and input tax credit to consumers. The ruling will affect over 100 companies that had challenged the provision and the orders of the National Anti-Profiteering Authority (NAA). […]