TVS ILP’s ₹125 Cr Cuttack Warehouse Investment
TVS Industrial & Logistics Parks (TVS ILP) is making a strategic move eastward. The warehousing giant announced a noteworthy Rs 125 crore investment in a state-of-the-art warehousing facility in Cuttack, Odisha. This marks a significant milestone in TVS ILP’s growth trajectory and underscores the company’s bullish outlook on the eastern Indian market, a region experiencing […]
Amazon Pay to Introduce UPI Credit
The Indian digital payments industry is bracing for a shakeup as Amazon Pay, the financial services arm of e-commerce giant Amazon, gears up to offer credit on the Unified Payments Interface (UPI). This strategic move, reported in December 2023, signifies Amazon Pay’s intent to capitalize on the burgeoning UPI credit market and potentially revolutionize how […]
Vodafone Idea’s Rs 18,000-cr FPO: Offer Opens April 18
Vodafone Idea Limited (VIL), the telecom operator grappling with a mountain of debt, has rolled the dice on a bold strategy to raise capital and recapture its market position. The company announced a record-breaking follow-on public offering (FPO) of Rs 18,000 crore, the largest ever witnessed in the Indian stock market. This ambitious move marks […]
ZEE Arm Invests Rs 8.76 Crore in PR Firm Newsreach
Zee Entertainment Enterprises Limited (ZEE) recently made a strategic move by announcing an investment in Newsreach, a well-regarded media and public relations (PR) firm. The investment, valued at ₹8.76 crore, will be channeled through IDPL, a wholly-owned subsidiary of ZEE. This move underscores ZEE’s commitment to amplifying its brand presence and forging strategic partnerships within […]
RBI Rejects 2 Applicants for Small Finance Bank
The Reserve Bank of India (RBI) continues to demonstrate its selective approach in issuing small finance bank (SFB) licenses under the on-tap licensing policy. On April 12, 2024, the RBI announced the rejection of applications submitted by Dvara Kshetriya Gramin Financial Services Private Limited (Dvara KGFS) and Tally Solutions Private Limited for SFB licenses. This […]
Hind. Zinc, VEXL: Waste Project Pact
Hindustan Zinc Ltd (HZL), a leading zinc producer under the Vedanta Group, announced a significant development in its commitment to sustainable waste management. The company has signed a pact with Bhopal-based VEXL Environ Projects to establish a pilot project focused on converting waste products generated during zinc extraction into usable resources. This initiative aligns with […]
Swiggy Launches ‘Pawlice’ to Help Locate Missing Pets
Swiggy, the on-demand convenience platform, is leaving no stone unturned in its quest to be the ultimate pet-friendly company. Their recent initiative, “Swiggy Pawlice,” launched on National Pet Day (April 11th, 2024), leverages a unique weapon in the fight against lost pets: its vast network of delivery partners. This program has the potential to significantly […]
Dixon, Dassault Systems Partner to Revolutionize Manufacturing
Dixon Technologies, a titan in India’s electronics contract manufacturing (ECM) domain, has inked a strategic partnership with Dassault Systèmes, a revered French company specializing in 3DEXPERIENCE solutions. This collaborative effort marks a significant step towards Industry 4.0 in India. By incorporating Dassault Systèmes’ next-generation software solutions, Dixon seeks to modernize its manufacturing processes, propelling the […]
Maldives Discusses Paying India in Local Currency for Imports
The Maldives is making waves in its currency strategy. In a move with potential regional ramifications, the island nation is in talks with India to settle import bills in Maldivian Rufiyaa (MVR), according to a statement by Mohamed Saeed, the country’s Economic Development Minister. This initiative coincides with efforts to establish similar arrangements with China, […]
Citroen: First MNC Exporting EVs from India
French carmaker Citroen has ignited a spark in the Indian electric vehicle (EV) industry, establishing itself as the first multinational company (MNC) to export EVs manufactured entirely in India. This groundbreaking move not only propels India’s “Make in India” initiative in the electric mobility sector but also positions Citroen as a frontrunner in the ever-evolving […]