30-Minute Baggage Delivery Mandate for Airlines: BCAS
If you are a frequent flyer in India, you may have experienced the frustration of waiting for your luggage at the airport. Sometimes, it can take up to an hour or more for your baggage to arrive at the belt area, especially if there are technical issues or congestion. This not only affects your travel […]
CBI’s Power Abuse in Chanda Kochhar Case: Bombay HC
The Bombay High Court has criticised the Central Bureau of Investigation (CBI) for arresting former ICICI Bank CEO Chanda Kochhar and her husband Deepak Kochhar in the ICICI-Videocon loan case, claiming it was done “without application of mind and due regard to the law” . The court said the arrest amounted to an “abuse of […]
BYJU’S Secures $300M Investor Commitment in Rights Issue
BYJU’S, India’s leading edtech company, has received a commitment of $300 million from investors for its ongoing rights issue, which is expected to close by the end of February. The rights issue aims to raise $200 million at a valuation of $220-250 million, a steep drop from its peak valuation of $22 billion. What is […]
TVS Mobility, Mitsubishi Corp JV for India’s Vehicle Ecosystem
TVS Mobility, a leading player in the Indian automotive distribution and aftermarket industry, has announced a joint venture with Mitsubishi Corporation, a Japanese conglomerate, to establish a comprehensive vehicle mobility ecosystem in India. The new entity, TVS Vehicle Mobility Solution (TVS VMS), will offer a complete portfolio of services to its customers, including new vehicle […]
Vikas Gupta: Tata’s 50:50 Strategy for FY24 Product Launches
Vikas Gupta is the Global Head of R&D at Tata Consumer Products, one of the leading fast moving consumer goods (FMCG) companies in India. He has been instrumental in driving innovation and new product development across the company’s portfolio of beverages and packaged foods. In this article, he shares his insights on the company’s premiumisation […]
50:50 Premium vs Mass: Tata FY24 Launch Strategy
Tata Motors, India’s leading automobile manufacturer, has announced its launch strategy for the financial year 2024. The company plans to introduce 10 new models across different segments, with a focus on balancing premium and mass offerings. Here is a detailed analysis of Tata FY24 launch strategy and how it will impact the market. Premium vs […]
Power Grid Corporation Sanctions Rs 656 Cr Investments
State-owned Power Grid Corporation on Monday said its board has approved an investment worth about Rs 656 crore for implementation of electricity transmission projects in the country. The company said in a BSE filing that the board of directors and the committee of directors on investment on projects have accorded investment approvals in their respective […]
Govt Eyes Higher Reporting Limits Post PAC Nod
The government is planning to increase its reporting limits for new policy-related expenditure by ministries and departments after getting approval from the Parliament’s Public Accounts Committee (PAC). This is aimed at reducing the frequency of supplementary demands for grants and speeding up the execution of projects. Background of Reporting Limits The reporting limits for new […]
IREDA, PNB Join Hands to Co-Finance Green Projects
In a major boost to India’s renewable energy sector, the Indian Renewable Energy Development Agency Ltd. (IREDA) and Punjab National Bank (PNB) have signed a memorandum of understanding (MoU) to co-finance and syndicate loans for a diverse range of green energy projects across the nation. Co-lending and loan syndication for sustainability The MoU, signed at […]
India’s Oil & Gas Import Costs Decline as Prices Fall
India’s net oil and gas import in value terms for April-January of fiscal year 2023-24 (FY24) declined by nearly a fifth on a year-on-year (YoY) basis to $101.3 billion due to relatively lower prices of crude oil, natural gas, and petroleum products in the international market, as per latest data from India’s Ministry of Petroleum […]