HDFC Life Ties Up with Lokmanya Society
HDFC Life, one of India’s leading insurers, has entered into a corporate agency tie-up with Lokmanya Multipurpose Cooperative Society, a prominent financial institution with over 200 branches across four states. The partnership will enable Lokmanya Society to distribute HDFC Life’s diverse range of life insurance products to its customers. About HDFC Life It is a […]
Adani Green Powers Up 551 MW in Gujarat
Adani Green Energy Ltd (AGEL), a part of the Adani Group, has announced the commissioning of 551 MW of solar power capacity at Khavda renewable energy park in Gujarat. The company achieved this milestone within a year of initiating work on the park, starting with the development of basic infrastructure, including roads and connectivity and […]
PM Modi UAE Visit: UPI, CBSE, and BAPS Highlights
PM Modi concluded his two-day official visit to the United Arab Emirates (UAE) on Wednesday, where he met with the top leadership of the country, addressed the World Government Summit in Dubai, inaugurated the first Hindu temple in Abu Dhabi and launched several initiatives to boost cooperation in various fields. Here are some of the […]
EKI Energy New Biomass Briquettes Plant in Maharashtra
EKI Energy Services, a leading carbon credit developer and supplier, has announced the inauguration of its first biomass briquettes manufacturing plant at Dindori, Nashik, in Maharashtra. The plant is a subsidiary of EKI’s GHG Reduction Technologies and aims to facilitate the production of products that significantly reduce greenhouse gas emissions. What are Biomass Briquettes? Biomass […]
GeM Milestone: Defence Ministry’s Rs 1 Lakh Cr Orders
The Ministry of Defence (MoD) has achieved a remarkable feat by surpassing the Rs 1 lakh crore mark in terms of total order value transacted through the Government e-Marketplace (GeM) portal. This is the first central government entity to cross this figure, demonstrating its commitment to optimise public spending and promote self-reliance in the defence […]
Bima Sugam: IRDAI’s New E-Marketplace for Insurance
Bima Sugam is an electronic insurance marketplace proposed by the Insurance Regulatory and Development Authority of India (IRDAI) to provide a one-stop online shop for all insurance policies. The IRDAI has released draft regulations for Bima Sugam, which aims to protect and empower policyholders’ interests, increase insurance penetration in India, and enhance availability, affordability, and […]
Paytm Rs 26,000 Cr Loss: The Aftermath of RBI Ban
Paytm Payments Bank Ltd (PPBL) has suffered a massive loss of Rs 26,000 crore after the Reserve Bank of India (RBI) banned it from accepting deposits or top-ups in any customer account, prepaid instruments, wallets, and FASTags after February 29, 2024. This action by the RBI, initiated on January 31, 2024, was based on a […]
RBI Instructions: Mastercard, Visa Stop Transactions
The Reserve Bank of India (RBI) has issued a surprise instruction to card networks like Visa and Mastercard to stop card-based commercial payments made by companies and small enterprises. The move is likely to affect fintech startups that process payments through commercial cards for business needs, such as paying vendors, suppliers and others. Why did […]
BIT & IGA on IMEC: Highlights of India-UAE Pacts
India and the UAE have signed seven agreements, including a Bilateral Investment Treaty (BIT) and an Intergovernmental Framework Agreement on the India-Middle East-Europe Economic Corridor (IMEC). These pacts will enhance trade, investment, energy and digital cooperation between the two countries and beyond. What is IMEC? The IMEC is a visionary initiative that aims to connect […]
RITES, AD Ports Group Join Hands for Infrastructure
RITES Limited, a leading transport infrastructure consultancy and engineering firm in India, and AD Ports Group, a leading facilitator of global trade, logistics and industry in UAE, have signed a strategic Memorandum of Understanding (MoU) to explore joint ventures and collaborations in key areas of trade and logistics. The MoU covers cooperation in the upcoming […]