Adani Power Denied Rs 1,300 Cr Surcharge by Supreme Court
In a setback for Adani Power Rajasthan Ltd. (APRL), the Supreme Court of India dismissed their petition seeking over ₹1,300 crore as a late payment surcharge (LPS) from Jaipur Vidyut Vitran Nigam Limited (JVVNL). JVVNL is a power distribution company owned by the Rajasthan government. A Long-Standing Power Purchase Agreement Dispute The dispute stems from […]
Tata Sons Sells 0.6% TCS Stake for ₹9,300 Crore
Tata Sons, the holding company of the Tata Group, has announced the sale of a 0.65% stake in its crown jewel, Tata Consultancy Services (TCS), for ₹9,362.3 crore (approximately $1.13 billion) as of March 19, 2024. This move comes amidst talks of a potential TCS Initial Public Offering (IPO) and has sparked discussions within the […]
Tamil Nadu Signs MoU to Implement PM SHRI School Scheme
In a significant development for Tamil Nadu’s education sector, the state government has signed a Memorandum of Understanding (MoU) with the Ministry of Education to implement the PM SHRI Schools scheme. This collaboration signifies the state’s commitment to providing high-quality education aligned with the National Education Policy (NEP) 2020, while leveraging crucial financial support from […]
SANY India, J&K Bank MoU: Finance Solutions for Customers
In a significant development poised to propel infrastructure advancement in Jammu and Kashmir (J&K) and Ladakh, leading construction equipment manufacturer SANY India has signed a Memorandum of Understanding (MoU) with J&K Bank. This strategic collaboration aims to bridge the financing gap for customers, enabling them to readily acquire advanced construction equipment and expedite infrastructure projects […]
Axis Bank Funds ₹100 Cr for National Cancer Grid
In a significant boost to India’s fight against cancer, Axis Bank, a leading private sector bank, has announced a ₹100 crore contribution to the National Cancer Grid (NCG) spread over a five-year partnership. This strategic collaboration aims to revolutionize cancer care in India by focusing on three key areas: improved access, research advancements, and digital […]