Reliance buys 13% Viacom stake from Paramount for Rs 4,286 Cr
In a move that significantly bolsters its presence within the Indian media industry, Reliance Industries Limited (RIL) has signed a definitive agreement to acquire Paramount Global’s entire 13.01% stake in Viacom18 Media Private Limited for Rs 4,286 crore. This strategic acquisition, announced on March 14, 2024, comes on the heels of Reliance and Viacom18’s recent […]
Tata Power Solar Finishes India’s Biggest Solar-Battery Project
Tata Power Solar, a subsidiary of Tata Power Renewable Energy Limited (TPREL), has solidified its leadership in India’s renewable energy sector by successfully commissioning the country’s largest integrated solar-battery energy storage system (BESS) project. Located in Rajnandgaon, Chhattisgarh, this groundbreaking initiative boasts a mammoth 100 MW solar photovoltaic (PV) plant seamlessly integrated with a colossal […]
Tata Motors’ Rs 9,000 Cr Tamil Nadu Manufacturing Unit
Indian automobile giant Tata Motors floored the accelerator on its South Indian expansion plans, unveiling a groundbreaking Rs 9,000 crore investment for a cutting-edge manufacturing unit in Tamil Nadu.expand_more This strategic maneuver underscores the company’s commitment to fortifying its presence in the southern market, with the project slated for completion within a five-year timeframe.expand_more Industry […]
Numaligarh Refinery Launches Bangladesh Office
Numaligarh Refinery Limited (NRL) has taken a strategic leap forward in solidifying its position as a dominant regional fuel supplier. The company recently inaugurated its first overseas office in Dhaka, Bangladesh, marking a new chapter in India-Bangladesh energy cooperation. This move comes on the heels of the successful completion of the India-Bangladesh Friendship Pipeline Project, […]
RBI : No New Co-Branded Credit Cards from Federal, South Indian Banks
The Reserve Bank of India (RBI) has taken a significant step towards strengthening co-branded credit card regulations in India. Effective March 12, 2024, Federal Bank and South Indian Bank, which collectively hold a substantial market share in co-branded credit cards (estimated at 15-20% by industry analysts), have been barred from issuing new cards due to […]
bob Earth Green Term Deposit Scheme by Bank of Baroda
Public Sector Banking Giant Champions Environmental Responsibility In a significant move that underscores India’s commitment to environmental sustainability, Bank of Baroda, a leading public sector bank, announced the launch of the bob Earth Green Term Deposit Scheme on March 11, 2024. This innovative program caters to environmentally conscious individuals and Non-Resident Indians (NRIs) seeking to […]