KABIL, CSIR-IMMT Partner for Critical Minerals Advancement
India’s quest for self-sufficiency in critical minerals received a significant shot in the arm with Khanij Bidesh India Limited (KABIL) and the Council of Scientific and Industrial Research (CSIR) – Institute of Minerals and Materials Technology (IMMT) joining forces. The two organizations inked a Memorandum of Understanding (MoU) on technical and knowledge cooperation, marking a […]
Policybazaar, ICICI Lombard: Partnership for Insurance Growth
In a significant move to bolster insurance penetration in India, which currently stands at around 4.2%, ICICI Lombard General Insurance Company Limited has formed a strategic partnership with Policybazaar, India’s leading insurance marketplace platform boasting over 100 million users. This collaboration leverages Policybazaar’s established digital platform to offer a comprehensive suite of insurance products to […]
Karigar Mela: Amazon India Supports Artisans, Weavers
The e-commerce giant, Amazon India, has revived its popular Karigar Mela, a bi-annual event celebrating the time-honored traditions of Indian craftsmanship. This year’s iteration, launched today, April 11, 2024, takes a significant step forward by placing a strong emphasis on sustainable practices. The Karigar Mela serves a twofold purpose: empowering artisans and weavers across the […]
Zepto Pass: Simpl Enhances One-Tap Checkout Service
In a move designed to supercharge customer convenience and loyalty, Simpl, a leading buy-now-pay-later (BNPL) platform, has expanded its one-tap checkout service to integrate with Zepto Pass, the membership program offered by quick commerce giant Zepto. This strategic collaboration follows Simpl’s recent integration with Zomato, solidifying their position as a frontrunner in providing frictionless payment […]
L&T Infrastructure Projects Divests Entire 51% Stake
Larsen & Toubro (L&T), a leading Indian conglomerate, has wrapped up the divestment of its entire 51% stake in L&T Infrastructure Development Projects Limited (LIDPL). This follows an agreement signed in December 2022 with Edelweiss Alternatives, a prominent name in India’s alternative asset management space. Divestment Finalized, New Ownership for LIDPL On April 11, 2024, […]
Uno Minda Initiates Alloy-Wheel Plant Construction in Haryana
In a move that promises to significantly bolster Haryana’s auto industry, auto component leader Uno Minda has broken ground on a new alloy-wheel plant. The company announced a hefty investment of Rs 542 crore for the upcoming facility, which will be located at IMT Kharkhoda. Upon completion, the plant is slated to churn out an […]
MNRE Extends Deadline for Green Hydrogen R&D Proposals
Researchers and institutions across India have reason to cheer. The Ministry of New and Renewable Energy (MNRE) has announced a much-needed extension for submitting research and development (R&D) proposals under the National Green Hydrogen Mission. This move underscores the government’s commitment to fostering a robust ecosystem for clean hydrogen technologies in India, a crucial step […]
DIPAM Rejects PFC-REC Proposal for KSK Mahanadi Project
The KSK Mahanadi thermal power project’s fight for financial recovery faces a fresh hurdle after the Department of Investment and Public Asset Management (DIPAM) rejected the debt resolution proposal submitted by Power Finance Corporation (PFC) and REC Limited. This decision throws a curveball at the already stressed asset, casting uncertainty on its immediate future. Stalled […]
SBI, ICICI as Third-party Liaisons for European Banks
A significant shift is brewing in the Indian banking sector as State Bank of India (SBI) and ICICI Bank are being evaluated as potential third-party liaisons for European banks. This development arises from an unresolved issue surrounding the Clearing Corporation of India Limited (CCIL). European Banks Grapple with CCIL Deadline European banks currently rely on […]
HDFC Breaks Ground: First Private Bank in Lakshadweep
HDFC Bank has etched its name in the annals of financial inclusion by opening its maiden branch in Lakshadweep, a remote island territory of India. This groundbreaking move marks HDFC as the frontrunner among private banks to establish a physical presence in Lakshadweep, signalling the bank’s commitment to serving every corner of the country. Empowering […]