EKI Energy New Biomass Briquettes Plant in Maharashtra
EKI Energy Services, a leading carbon credit developer and supplier, has announced the inauguration of its first biomass briquettes manufacturing plant at Dindori, Nashik, in Maharashtra. The plant is a subsidiary of EKI’s GHG Reduction Technologies and aims to facilitate the production of products that significantly reduce greenhouse gas emissions. What are Biomass Briquettes? Biomass […]
GeM Milestone: Defence Ministry’s Rs 1 Lakh Cr Orders
The Ministry of Defence (MoD) has achieved a remarkable feat by surpassing the Rs 1 lakh crore mark in terms of total order value transacted through the Government e-Marketplace (GeM) portal. This is the first central government entity to cross this figure, demonstrating its commitment to optimise public spending and promote self-reliance in the defence […]
Bima Sugam: IRDAI’s New E-Marketplace for Insurance
Bima Sugam is an electronic insurance marketplace proposed by the Insurance Regulatory and Development Authority of India (IRDAI) to provide a one-stop online shop for all insurance policies. The IRDAI has released draft regulations for Bima Sugam, which aims to protect and empower policyholders’ interests, increase insurance penetration in India, and enhance availability, affordability, and […]
Paytm Rs 26,000 Cr Loss: The Aftermath of RBI Ban
Paytm Payments Bank Ltd (PPBL) has suffered a massive loss of Rs 26,000 crore after the Reserve Bank of India (RBI) banned it from accepting deposits or top-ups in any customer account, prepaid instruments, wallets, and FASTags after February 29, 2024. This action by the RBI, initiated on January 31, 2024, was based on a […]
RBI Instructions: Mastercard, Visa Stop Transactions
The Reserve Bank of India (RBI) has issued a surprise instruction to card networks like Visa and Mastercard to stop card-based commercial payments made by companies and small enterprises. The move is likely to affect fintech startups that process payments through commercial cards for business needs, such as paying vendors, suppliers and others. Why did […]
BIT & IGA on IMEC: Highlights of India-UAE Pacts
India and the UAE have signed seven agreements, including a Bilateral Investment Treaty (BIT) and an Intergovernmental Framework Agreement on the India-Middle East-Europe Economic Corridor (IMEC). These pacts will enhance trade, investment, energy and digital cooperation between the two countries and beyond. What is IMEC? The IMEC is a visionary initiative that aims to connect […]
RITES, AD Ports Group Join Hands for Infrastructure
RITES Limited, a leading transport infrastructure consultancy and engineering firm in India, and AD Ports Group, a leading facilitator of global trade, logistics and industry in UAE, have signed a strategic Memorandum of Understanding (MoU) to explore joint ventures and collaborations in key areas of trade and logistics. The MoU covers cooperation in the upcoming […]
Potential Separate HS Codes for GI Rice Exports
The government is considering to give new harmonised system (HS) codes, a numerical classification mandatory for internationally-traded products, to boost exports of geographical indication (GI) tagged rice varieties, a commerce ministry official said on Tuesday. The move will ensure that in case of any ban or restriction on exports of broken or white rice, such […]
Adani Power, DAIT’s Energen Acquisition Gets CCI Nod
Adani Power Ltd (APL) and Dickey Alternative Investment Trust (DAIT) have received the approval from the Competition Commission of India (CCI) to acquire 100% shareholding of Coastal Energen Pvt Ltd (CEPL), a Tamil Nadu-based thermal power producer . The deal is expected to enhance Adani’s position as the leading private-sector thermal power producer in India. […]
Adani-Hindenburg Case: SC Review Plea Filed
A review petition has been filed in the Supreme Court seeking a review of its January 3 verdict that dismissed the plea for a SIT or CBI probe into the allegations in Adani-Hindenburg Case. The petition claimed that there were errors and oversights in the judgment and that SEBI had failed to regulate the Adani […]