MeitY Empowers Paras Defense with SMART Tech: Boost for Digital India
The Ministry of Electronics and Information Technology (MeitY) has successfully transferred the Smart Food Grain Storage System (SAFEETY) technology to M/s Paras Defense and Space Technology Ltd, a leading defense and space company in India. The technology transfer took place during the launch event of the “Digital India FutureLABS Summit 2024” held at IIIT-Delhi on […]
Alpex Solar’s SME IPO to Open on Feb 8, Price Band Rs 109-115
Alpex Solar, a solar photovoltaic (PV) module manufacturer in North India, is launching its SME IPO on February 8, 2024. The issue will close on February 12, 2024. The price band for the IPO is Rs 109-115 per share. The minimum lot size is 1200 shares. The issue size is Rs 74.52 crores. About Alpex […]
Think Health Diagnostics: New Acquisition by Thyrocare
Thyrocare, a leading diagnostic and preventive healthcare service provider in India, has acquired Think Health Diagnostics, a home healthcare technology company that offers ECG services at home. The deal was announced on February 1, 2024, and will make Thyrocare one of the largest diagnostics at home healthcare service providers in India. Why Thyrocare acquired Think […]
UP Budget: Rs 100 Cr for Mahakumbh-2025 & Ayodhya Centre Funding
The Uttar Pradesh government has announced its budget for the fiscal year 2024-25, with special focus on the development of religious and cultural sites in the state. The budget has allocated Rs 100 crore for the overall development of Ayodhya, the birthplace of Lord Ram, and Rs 150 crore for the expansion of Maharishi Valmiki […]
Waaree Renewable Technologies Lands Rs 547 Cr Project
Waaree Renewable Technologies, India’s largest solar manufacturer and EPC service provider, has secured a Rs 547.5 crore order for a 412 MWp solar power plant. The project is expected to be completed by December 2024 and will provide clean energy to over 3 lakh households. Introduction Waaree Renewable Technologies (WRTL), a subsidiary of Waaree Group, […]
Rs 2 Lakh for Rural Housing in Interim Budget
The interim budget 2024, presented by Union finance minister Nirmala Sitharaman on February 1, has brought some cheer to the rural and middle-class home buyers. The budget has proposed to increase the assistance for rural housing under the Pradhan Mantri Awas Yojana – Gramin (PMAY-G) scheme by 66 per cent, from Rs 1.2 lakh to […]
World’s Largest Copper Plant Underway by Adani in Gujarat
The Adani Group is building the world’s largest single-location copper manufacturing plant at Mundra in Gujarat, which will help reduce India’s dependence on imports and support the transition to clean energy. The plant, named Kutch Copper Limited, is a subsidiary of Adani Enterprises Ltd (AEL) and will have an annual capacity of 1 million tonnes […]
Byju’s Pays January Salaries Amid Investor Crisis
Byju’s, once valued at $22 billion, is now struggling to survive amid a series of legal, financial and operational challenges. The company is in a standoff with its investors, who are seeking to oust the founder and CEO Byju Raveendran. The company has also missed payments on a $1.2 billion loan and is facing a […]
NFO Alert: Bajaj Finserv’s Large and Mid Cap Fund
Bajaj Finserv Asset Management Limited, a subsidiary of Bajaj Finserv Limited, has launched a new fund offer (NFO) for its Bajaj Finserv Large and Mid Cap Fund. The NFO period is from February 6, 2024 to February 20, 2024. The fund is an open-ended equity scheme that aims to generate long-term capital appreciation by investing […]
Buyer App Launched by L&T-SuFin
L&T-SuFin, India’s leading digital B2B marketplace for industrial and construction products and services, has launched the L&T-SuFin Buyer App, a convenient and efficient solution for businesses to source their industrial supplies. L&T-SuFin Buyer App: A Digital Platform for Industrial Supplies L&T-SuFin, India’s leading integrated digital B2B marketplace for industrial and construction products and services, has […]