MGNREGA Reduces Gender Wage Gap in Rural India: ILO
A recent working paper by the International Labour Organisation (ILO) has found that the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) has played an important role in reducing the gender wage gap and increasing compliance with minimum wage norms in rural areas of India. MGNREGA and rural employment The paper, titled “Employment and wage […]
Migration Agreement Signed Between India and Taiwan
India and Taiwan have signed a migration and mobility agreement that will enable Indian workers to find employment opportunities in various sectors in Taiwan. The agreement is a reflection of the growing cooperation and mutual interest between the two sides. Why Taiwan Needs Migrant Workers Taiwan is facing a shortage of workers in industries such […]
Akasa Air to Launch Mumbai-Doha Flights from Mar 28
Akasa Air, India’s fastest-growing airline, announced its international operations with the launch of its first destination – Doha, the capital of Qatar. Starting from March 28, 2024, Akasa Air will operate four non-stop flights a week, connecting Mumbai with Doha, enhancing air connectivity between Qatar and India. Why Doha? Doha is one of the key […]
Bharti Airtel to Allot 2.06 Cr Shares for FCCBs
Bharti Airtel, India’s second-largest telecom operator, has announced that it will allot 2.06 crore equity shares to certain holders of its foreign currency convertible bonds (FCCBs) at a conversion price of Rs 518 per share. This will increase the company’s paid-up equity share capital by Rs 103 crore. What are FCCBs? FCCBs are debt instruments […]
Walmart Targets MSMEs for $10B India Export Goal
Walmart, the global retail giant, has announced its ambitious plan to triple its exports of goods from India to $10 billion annually by 2027. The company said that it has already sourced more than $30 billion in products across categories from India in the last two decades. Vriddhi Programme One of the key initiatives that […]
Manappuram Updates ₹1,500 Cr Asirvad Micro Finance IPO
Asirvad Micro Finance, a subsidiary of Manappuram Finance, has filed an addendum to its ₹1,500 crore initial public offer (IPO) with the Securities and Exchange Board of India (SEBI) on Friday (February 16). The company had filed the draft red herring prospectus (DRHP) for the IPO on October 5, 2023, but SEBI put it on […]
Norden and C-DAC Partner for Thermal Cameras in India
UK-based Norden Communication has partnered with the Centre for Development and Advanced Computing (C-DAC) to develop AI-based general purpose thermal cameras for security and industrial applications in India. The collaboration supports the Make-in-India initiative and enhances surveillance technology. What are thermal cameras? Thermal cameras are devices that capture infrared radiation emitted by objects and convert […]
Tata Power to Take Over Jalpura Khurja for Rs 838 Crore
Tata Power, India’s largest integrated power company, has announced that it has won the bid to acquire Jalpura Khurja Power Transmission Limited (JKPTL), a project special purpose vehicle (SPV) set up by REC Power Development and Consultancy, a wholly-owned subsidiary of REC Limited, a non-banking finance company (NBFC) and infrastructure financing company under the Ministry […]
Adani Realty Secures ₹30,000 Cr Bandra Reclamation Project
Adani Realty, the real estate arm of Adani Group, has emerged as the preferred bidder for the redevelopment of the Bandra Reclamation land parcel in Mumbai, one of the most coveted and expensive properties in the country. The company has offered 22.79% revenue share to the Maharashtra State Road Development Corporation (MSRDC), which owns the […]
Dr. Reddy’s Aims to Acquire Novartis India
Dr. Reddy’s Laboratories, one of India’s leading pharma companies, is reportedly interested in acquiring a majority stake in Novartis India, the listed subsidiary of Swiss multinational Novartis AG. This comes after Novartis AG announced a strategic review of its 70.68% shareholding in Novartis India on February 16, 2024. Why Dr. Reddy’s wants Novartis India Dr. […]