Reliance and DBS Bank Forge Path to Sustainable Energy with 100 CBG Plants
The initiative plans to use over 5.5 million tonnes per annum of agricultural residue and organic waste, leading to a projected reduction of nearly 2 million tonnes of carbon dioxide emissions annually.
The Dawn of Digital Trade: India and Korea Launch EODES
The India-Korea Electronic Origin Data Exchange System (EODES) was officially launched on December 6, 2023, marking a significant step in the trade relations between India and South Korea
ADB and India Partner for $250 Million Industrial Corridor Enhancement
This initiative is a continuation of the support provided by ADB for India’s industrial development, following a similar $250 million loan approved in October 2021.
SBI and ArSRLM Collaborate to Boost Financial Services for SHGs
This initiative is particularly geared towards 12,000 SHGs that have been fostered under the Deendayal Antyodaya Yojana National Rural Livelihood Mission (DAY-NRLM) in the state.
India’s Solar Sector Heats Up: BluPine’s ₹1,700 Crore Acme Acquisition
The acquisition marks a major expansion for BluPine Energy, adding 312 megawatts of solar capacity to its portfolio. BluPine Energy was established in 2021 and has quickly grown its capacities through acquisitions, now boasting a renewable capacity of 1.8 gigawatts.
Apple’s Big Move: Foxconn to Start iPhone Production in Karnataka by 2024
Foxconn’s total investment in the facility now stands at approximately $2.7 billion. This includes the recent approval of an additional $1 billion specifically for the production of Apple products
Indian Oil and EKI Energy Join Forces for ‘Surya Nutan’, Revolutionizing Solar Cooking
Indian Oil Corporation Ltd. (IOCL), India’s largest fuel refiner and retailer, has recently collaborated with EKI Energy Services Ltd., a global carbon credit developer and supplier, to promote ‘Surya Nutan’, a pioneering indoor solar cooking system developed by IndianOil
India-Oman Free Trade Agreement: A Catalyst for Enhanced Economic Cooperation
A notable aspect of this evolving partnership is the significant increase in bilateral trade, which surged from $5.01 billion in the Indian financial year 2018-19 to $12.39 billion in 2022-23.
FIRST SWYP: The Card that Understands Millennial and Gen Z Finances
IDFC FIRST Bank, in collaboration with Mastercard, has launched the “FIRST SWYP” Credit Card, targeting the Millennial and Gen Z demographics. This card marks an extension of IDFC FIRST Bank’s credit card offerings, building on the success of their FIRST Millennia Credit Cards.
Revolutionizing Taste: ₹7,000 Crore Boost for Indian Food Processing
The PLI Scheme for Food Processing Industry (PLISFPI) was approved by the Union Cabinet on March 31, 2021, with a budget of ₹10,900 crores, to be implemented over five years, from 2021-22 to 2026-27.