VinFast Secures 400 Acres in Thoothukudi for EV Plant
VinFast, a leading electric vehicle (EV) manufacturer from Vietnam, has secured about 400 acres of land at an industrial estate owned by the State Industries Promotion Corporation of Tamil Nadu (SIPCOT) in Thoothukudi for its first India plant. The ground breaking ceremony for the integrated facility that will manufacture electric cars and batteries is scheduled […]
India Ranks Second in MSCI Global Weightage, After China
India’s weightage in the MSCI Global Standard Index has reached a record high of 18.2% in the latest February review by MSCI. This is the second-highest weightage in the index after China, which is at 23%. India’s performance in the global market is driven by several factors, such as its corporate earnings growth, macroeconomic outlook, […]
Sukoon Health Offers Cashless Insurance for Mental Care
Sukoon Health, a chain of mental health hospitals, has launched a cashless insurance scheme for patients seeking psychiatric inpatient care. The scheme covers a wide range of mental health conditions and aims to make mental healthcare more accessible and affordable. Sukoon Health has collaborated with five private insurance companies to provide this initiative. The need […]
CDSCO New Sampling Guidelines for Drug and Cosmetic Quality
The Central Drugs Standard Control Organisation (CDSCO), the apex drug regulator in India, has issued new guidelines for effective surveillance for quality and efficacy of drugs and cosmetics available in the market by adopting a uniform drug sampling methodology. The guidelines, notified on February 9, 2024, aim to cover a vast variety of drugs, cosmetics […]
Cotton Price Hike: A Worry for Textile Mills
The textile industry in India is facing a tough situation due to the surge in cotton prices in the global and local markets. Cotton is the main raw material for yarn production, which is used for making fabrics and garments. The increase in cotton prices has reduced the margins and increased the working capital requirements […]
PM Modi Inaugurates 300 MW Solar Plant in Rajasthan
Prime Minister Narendra Modi on Friday inaugurated a 300 MW solar power plant in Rajasthan, marking a significant step towards achieving the government’s ambitious renewable energy capacity addition target and the goal of net-zero by the year 2070. A green and cheap power project The solar power plant, located at Karnisar-Bhatiyan village in Bikaner district, […]
Prabhaav : SIDBI’s Insight into Fund of Funds for Startups
The Small Industries Development Bank of India (SIDBI) has launched a report titled Prabhaav, which evaluates the impact of its Fund of Funds for Startups (FFS) on the Indian startup ecosystem. The report, prepared by CRISIL, a leading analytics company, reveals the positive outcomes of the FFS scheme on various aspects such as capital flow, […]
First Green Hydrogen Plant by CIAL and BPCL at Cochin
Cochin International Airport Limited (CIAL) has announced a strategic agreement with Bharat Petroleum Corporation Limited (BPCL) to set up the world’s first green hydrogen plant and fueling station within an airport setting. The plant will have a capacity of 1000 kilowatts and will use renewable energy sources to produce green hydrogen, which is considered a […]
Banks Speed Up DRTs with Advocate Reviews
Debt recovery tribunals (DRTs) are judicial forums that deal with cases related to recovery of debts by banks and financial institutions. They are governed by the Recovery of Debts Due to Banks and Financial Institutions Act, 1993 (RDB Act) and the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (SARFAESI […]
Satellite-Based Tolling on Mysuru-Bengaluru Expressway
India is gearing up to introduce a revolutionary technology of Satellite-Based Tolling that will transform the way tolls are collected on highways. The Global Navigation Satellite System (GNSS) based toll collection system will allow vehicles to travel seamlessly without stopping at toll plazas, and pay only for the distance they cover on the road. The […]