Indian Startup BatX Energies Secures $5M for Sustainable Battery Recycling
The company boasts an impressive 99.95% purity in extracting lithium, nickel, and cobalt through this innovative hydro-electro process, aligning with global sustainability goals and supporting India’s aim for Net-Zero emissions by 2070.
Fasal’s Rs 100 Crore Raise: A New Era for Sustainable Farming
Fasal, an innovative player in the agritech sector, has recently achieved a significant milestone by raising Rs 100 crore in a Series A funding round.
Empowering State Development: Centre’s Additional Rs 72,961 Crore Allocation
The distribution of this additional installment varies significantly among states, with the highest amount of Rs 13,088.51 crore being allocated to Uttar Pradesh. This is followed by Bihar receiving Rs 7,338.44 crore and West Bengal getting Rs 5,488.88 crore
Charting India’s Growth: The Strategic Rs 109 Trillion Infrastructure Investment
The NIP covers both brownfield and greenfield infrastructure projects with individual costs above Rs 100 crore. These projects are spread across both economic and social infrastructure segments.
Indian Government’s Bold Move: Monthly Review of Top 20 Insolvency Cases by State-Run Banks
Over Rs 7 lakh crore worth of bad debt was written off between 2019 and 2023. However, the recovery rate has been low. In 2023, out of Rs 6.5 lakh crore worth of stuck assets, only about 15% (Rs 94,000 crore) was recovered, with a significant portion coming through the IBC route.
Parliament Approves Crucial GST Tribunal Amendments, Enhancing Appellate System
The recent passage of the Central Goods and Services Tax (Second Amendment) Bill, 2023, by the Indian Parliament marks a significant step in strengthening the GST Appellate Tribunals (GSTAT). The bill was passed by the Rajya Sabha after being cleared by the Lok Sabha.
Empowering Women Entrepreneurs: MSME Ministry Makes ZED Scheme Free
Under the ZED Scheme, MSMEs can avail of handholding and consultancy support up to Rs. 5 lakh per MSME. This support is crucial for assisting them in moving towards Zero Defect Zero Effect solutions.
Revolutionizing Rural Livelihoods: The MoRD-JioMart Partnership
The collaboration also focuses on digitizing the operations of SHGs, aligning with the ‘Make in India’ initiative. This effort aims to transform the digital retail ecosystem in India, contributing to the empowerment and growth of millions of SHGs.
RBI’s Proactive Measures to Safeguard Against Indirect Loan Risks
The central bank’s latest directive, aimed at curtailing the practice of “evergreening” of loans, marks a significant shift in the regulatory landscape of India’s financial sector.
The Electric Highway: Tata Power and IOCL Set Up 500+ Charging Stations
The company’s network spans more than 420 cities across India, offering a variety of charging solutions, including over 62,000 home chargers, 4,900 public and semi-public charging points, and 430 bus charging stations.