Starcharge Energy, Uno Minda Team Up for EV Charger Venture
Indian auto component giant, Uno Minda, has struck a strategic partnership with Starcharge Energy, a global leader in EV charging technology with a presence in 67 countries and manufacturing facilities in the US, Vietnam, and China. This collaboration marks a significant step towards bolstering India’s domestic EV charging infrastructure, with a specific focus on manufacturing […]
Reliance Industries Signs PPA with Adani Power Subsidiary
In a move that sent ripples through the Indian business landscape, Adani Power announced that its subsidiary, Mahan Energen Limited (MEL), signed a long-term Power Purchase Agreement (PPA) with Reliance Industries Limited (RIL) . This strategic partnership, finalized on March 27, 2024, guarantees a stable supply of 500 megawatts (MW) of power to Reliance Industries […]
Adani Ports Buys 95% Stake in Gopalpur Port
India’s port sector is undergoing a significant transformation, with Adani Ports and Special Economic Zone (APSEZ) emerging as a clear frontrunner. To solidify its leadership position, APSEZ has inked a strategic deal to acquire a commanding 95% stake in Gopalpur Port, located in Odisha. This decisive move, valued at a total enterprise value of Rs […]
Adani Power’s Acquisition of Lanco Amarkantak Gets CCI Nod
The Indian thermal power market witnessed a major shakeup on March 26, 2024, as the Competition Commission of India (CCI) approved Adani Power Limited’s acquisition of Lanco Amarkantak Power Limited. This move signifies a strategic step by Adani Power to solidify its position as a dominant player within the sector. Lanco Amarkantak’s Insolvency Paves the […]
Federal Bank Joins NPCI for ‘Flash Pay’ Contactless Payment
Federal Bank, in a strategic alliance with the National Payments Corporation of India (NPCI), has introduced a revolutionary payment solution – ‘Flash Pay’. This innovative offering takes the form of a RuPay smart keychain, empowering users to experience the convenience and security of contactless NCMC (National Common Mobility Card) payments. Effortless Transactions at Your Fingertips […]
Innoviti Payments, Concerto Software Secure RBI Licences
The Reserve Bank of India (RBI) has injected fresh momentum into India’s booming $88.13 billion digital payments arena by granting Payment Aggregator (PA) licences to Innoviti Payments and Concerto Software. This move elevates both companies to the ranks of established players like Razorpay, Cashfree, and Amazon Pay, further intensifying competition and innovation within the sector. […]
Reliance Power Units Settle Rs 1,023-cr Debt
Reliance Power’s pedal is firmly on the gas as it races towards its goal of achieving zero debt by March 31, 2024. The company announced a significant milestone on March 27, 2024, with the settlement of Rs 1,023 crore debt by two of its subsidiaries, Kalai Power Pvt Ltd and Reliance Cleangen Ltd. This settlement […]
Amul Expands: Fresh Milk Launch in US
Amul, a cornerstone of Indian kitchens and a cultural icon recognized for its delectable dairy products and quirky advertisements, has embarked on a significant journey towards global expansion. In a historic first, the Gujarat Cooperative Milk Marketing Federation (GCMMF), the force behind the Amul brand, is launching its fresh milk products in the United States. […]
Tech Mahindra, IBM Team Up for Digital Progress
Tech Mahindra, a leading provider of digital transformation services with a revenue of $6.3 billion (FY2023), and tech giant IBM, boasting a global footprint and cloud revenue exceeding $20 billion (2023), have announced a groundbreaking collaboration valued at over $1 billion. This strategic alliance aims to propel digital adoption among enterprises in the dynamic Asia-Pacific […]
PolicyBazaar Expands: Launches PB Pay Private Ltd
PolicyBazaar, a dominant force in India’s online insurance and loan comparison market estimated at ₹18.5 lakh crore in 2023 , is making a bold move to expand its reach. The company recently announced the formation of PB Pay Private Limited, a wholly-owned subsidiary that marks its foray into the realm of payment aggregation services. This […]