Government Begins Selling NHPC Stake, Offers 3.5% through OFS at ₹66 Each Share
Background The government of India has initiated a stake sale plan for the state-owned power producer NHPC Ltd, which operates 24 hydroelectric power stations across the country. The government currently holds 70.95% stake in NHPC, and aims to divest a 3.5% stake through an Offer for Sale (OFS) at ₹66 per share. Details The OFS […]
HCL Group and Foxconn Join Forces to Establish Chip Packaging Unit in India
Introduction In a major boost to India’s semiconductor industry, HCL Group and Foxconn have announced a partnership to set up an outsourced assembly and testing unit (OSAT) for semiconductor chips in the country. The joint venture will leverage the engineering and manufacturing expertise of both the companies and create an ecosystem for the domestic chip […]
L&T Lands ‘Mega Order’ for Electrification of Mumbai-Ahmedabad Bullet Train Project
Introduction Larsen & Toubro (L&T), India’s leading engineering and construction company, has secured a ‘mega order’ to build the electrification system for the Mumbai-Ahmedabad High-Speed Rail (MAHSR) Project, popularly known as the bullet train project. The order, awarded by an authorised Japanese agency, involves the construction of 508 km of high-speed electrification system works for […]
Telangana Government and World Economic Forum Partner to Set Up C4IR in Hyderabad
A landmark agreement for health tech and life sciences The Telangana government and the World Economic Forum (WEF) have signed an agreement to establish the Centre for the Fourth Industrial Revolution (C4IR) in Hyderabad, the capital city of the southern Indian state. The agreement was signed by Chief Minister A. Revanth Reddy and WEF president […]
IndoSpace’s Rs 2000 Cr Contract with Tamil Nadu Government Signed
IndoSpace, a leading developer of industrial real estate in India, has signed a memorandum of understanding (MoU) with the Tamil Nadu government during the Tamil Nadu Global Investors Meet 2024 . The MoU is valued at Rs 2000 crore and signifies IndoSpace’s commitment to the state’s industrial landscape and economic growth . Investment and Employment […]
EPFO No Longer Recognizes Aadhaar as Proof of Date of Birth
The Employees’ Provident Fund Organisation (EPFO), a statutory body under the Ministry of Labour and Employment of the Government of India, has announced that it will no longer accept Aadhaar card as a valid proof for date of birth. The decision, which was made with the approval of the Central Provident Fund Commissioner (CPFC), follows […]
Adani Group’s Major Investment: Rs 12,400 Crore for Data Centre and Energy Projects in Telangana
The Adani Group, one of the world’s largest infrastructure conglomerates, has announced that it will invest over Rs 12,400 crore in various projects in Telangana over the next 10 years. The group signed four memorandums of understanding (MoUs) with the state government at the World Economic Forum 2024 in Davos on Wednesday. The group said […]
Google Pay and NPCI Collaborate to Take UPI Payments Global
Google India Digital Services and NPCI International Payments Ltd (NIPL), a subsidiary of the National Payments Corporation of India (NPCI), have signed a Memorandum of Understanding (MoU) to expand the reach of the Unified Payments Interface (UPI) beyond India’s borders. The collaboration aims to simplify cross-border transactions, remittances and digital payments for Indian travelers and […]
Securing Farmers’ Future: The Role of Pradhan Mantri Kisan Maandhan Yojana in Pension Provision
India is home to more than 140 million small and marginal farmers who constitute about 86% of the total agricultural landholders in the country. These farmers are often vulnerable to various risks such as crop failure, market fluctuations, natural disasters, and health emergencies. Moreover, they have limited access to formal social security schemes that can […]
NITI Aayog, PM Modi’s Cheerleader’: Congress’s Response to Poverty Statistics
Introduction The Congress party has dismissed the recent report by the NITI Aayog and the UNDP that claimed India has lifted nearly 25 crore people out of poverty in the last nine years. The party’s senior leader and former minister Jairam Ramesh called the report “bogus” and accused the NITI Aayog of being a “cheerleader” […]