responsAbility’s $25M Investment in BluSmart’s EV Expansion
responsAbility, a Switzerland-headquartered impact fund, has announced that it will invest up to USD 25 million on behalf of its investors in BluSmart, India’s leading EV ride-hailing service and EV charging infrastructure network. This investment is part of responsAbility’s broader USD 500 million climate investment strategy aimed at actively reducing CO2 emissions in Asia. BluSmart, […]
Airbus-Tata Helicopter Deal Sealed in Macron’s Visit
Airbus and Tata Group have signed a pact to set up India’s first helicopter final assembly line (FAL) in the private sector for the H125 civil helicopter. The deal was announced during the two-day visit of French President Emmanuel Macron to India as Chief Guest at the Republic Day celebrations on January 26. Details of […]
Vaan’s E-biking Vision: Changing India’s Travel
Vaan Electric Moto is an Indian lifestyle e-mobility startup that aims to revolutionize transportation with e-bikes. Founded in 2019 by Jithu Sukumaran Nair, a marine engineer and shipbuilder, Vaan has partnered with Benelli Biciclette, Keeway Group, to offer a range of e-bikes, e-scooters, e-mopeds, e-boats and apparel. Vaan launched its brand globally at the EICMA […]
Adani Green Energy Secures $750M Bond Funding
Adani Green Energy Limited (AGEL) has successfully completed the funding of reserves for its $750 million Holdco Bond, which is due to mature in September 2024. The funding sources include a joint venture with TotalEnergies, a preferential allotment to the promoters, and the company’s financial reserves. This move demonstrates the company’s commitment to achieving its […]
IREDA Launches Vigilance Journal ‘Pahal
The Indian Renewable Energy Development Agency (IREDA), a government enterprise under the Ministry of New and Renewable Energy (MNRE), has launched its vigilance journal ‘Pahal’ on January 25, 2024. The journal aims to provide insights into the vigilance-related matters of the organization and foster awareness and transparency among its stakeholders. The journal was unveiled by […]
India-France Sign Defence Space Agreement
India and France have signed a landmark agreement to jointly develop and launch military satellites with both offensive and defensive capabilities. The agreement was one of the key outcomes of French President Emmanuel Macron’s visit to India as the chief guest for the 75th Republic Day celebrations. Defence Industrial Roadmap Apart from the defence space […]
Adani’s Data Collection for Mumbai Slum Revamp
The Dharavi slum in Mumbai, spanning 640 acres and housing up to 1 million residents, is one of the most densely populated areas in the world. For decades, the slum has been a challenge for urban planners and authorities, who have struggled to provide adequate infrastructure, sanitation, and housing for its inhabitants. Now, the Adani […]
Ola Founder’s Krutrim Becomes India’s First AI Unicorn
Krutrim, an AI startup founded by Ola founder Bhavish Aggarwal, has achieved a remarkable feat by becoming India’s first AI unicorn. The startup, which aims to build the country’s complete AI computing stack, has raised $50 million in a funding round led by Matrix Partners India, valuing it at $1 billion. Krutrim, which means “artificial” […]
ACME and IHI Ink Green Ammonia Supply Deal
ACME Group, a leader in renewable energy in India, and Japan’s IHI Corporation, have signed a term sheet to supply 0.4 million metric tonnes per annum (MMTPA) of green ammonia from Odisha, India, to Japan. This agreement, a significant step towards reducing global greenhouse gas emissions, is expected to offset 54 million tons of CO2 […]
RBI Approves Zomato Payments as Online Aggregator
Zomato, the leading online food delivery platform in India, has received the Reserve Bank of India’s (RBI) approval to operate as an online payment aggregator through its subsidiary Zomato Payments Private Limited (ZPPL). This will enable Zomato to offer integrated payment solutions to its customers and merchants, and compete with other payment aggregators like Tata […]