Indian Patent Office Grants Over 1 Lakh Patents in a Year
The Indian Patent Office (IPO) has crossed a historic milestone, marking a significant leap forward for the nation’s innovation spirit. For the very first time, the IPO granted a staggering over 1 lakh (100,000) patents in a single fiscal year, from March 15, 2023, to March 14, 2024. This unprecedented feat represents a growth of […]
Air India Cuts 180+ Non-Flying Jobs
Tata-owned Air India has shed over 180 non-flying staff in recent weeks, a move aimed at streamlining operations and improving its bottom line. The airline, acquired by the Tata Group in January 2022, has grappled with significant financial losses for years. Voluntary Retirement and Reskilling Initiatives Air India claims the affected employees were unable to […]
Flipkart Valuation Takes Rs 41K Cr Hit in 2 Years
E-commerce giant Flipkart finds itself navigating choppy waters after a recent report by its parent company Walmart revealed a significant decline in its valuation. Over the past two years, Flipkart’s valuation has shrunk from $40 billion at the end of FY 2022 (January 31, 2022) to $35 billion as of January 31, 2024. This translates […]
FSSAI Certifies Nearly 100 Jails as ‘Eat Right Campus’
In a significant victory for public health, the Food Safety and Standards Authority of India (FSSAI) has certified nearly 100 jails across the country as “Eat Right Campuses” by March 2024. This initiative impacts over 1.2 million people, including inmates and prison staff. It’s a major step forward for the Eat Right India movement, promoting […]
Muthoot Microfin Ventures into Telangana Market
Muthoot Microfin, a major player in India’s microfinance sector with over ₹9,209 crore in Assets Under Management (AUM) reported in FY23, announced its re-entry into the Telangana market after a 13-year hiatus. This strategic expansion is projected to significantly boost the company’s growth. Analysts predict a potential increase of over 35% in AUM to ₹12,500 […]
RailTel Secures ₹130 Cr Bihar Education Project Council Order
RailTel Corporation Limited, a public sector undertaking under the Ministry of Railways, has secured a significant order worth ₹130 crore from the State Project Director (SPD) of the Bihar Education Project Council (BEPC). Project Details This project focuses on the empanelment of an agency for supplying teaching and learning materials for classes 1 to 5 […]