Rajasthan Budget: PM-KISAN Now ₹8,000, Wheat MSP Up
The Rajasthan government presented its farmer-focused Budget on Thursday, February 8, 2024. The Budget included several announcements to benefit the farmers of the state, such as increasing the amount under the PM-KISAN scheme and raising the minimum support price (MSP) for wheat. PM-KISAN Amount Increased to ₹8,000 in Rajasthan Budget The PM-KISAN scheme is a […]
Etihad: Official Sponsor of Chennai Super Kings
Etihad Airways, the national airline of the UAE, has announced a strategic partnership with Chennai Super Kings, the five-time champions of the Indian Premier League (IPL). The airline will be the official sponsor of the team, also known as the Yellove, for the upcoming season of the IPL. The partnership was unveiled at a special […]
Tata Group ₹30L Cr and TCS’s ₹15L Cr Market Cap Milestones
The Tata Group has achieved a historic milestone by surpassing a market capitalization of ₹30 lakh crore, making it the first Indian conglomerate to do so. This remarkable increase in market value is attributed to strong performances by Tata Consultancy Services (TCS), Tata Motors, Tata Power, and Indian Hotels in 2024. TCS leads the way […]
UAE’s ADIA’s $4-5B Investment Plan in India’s GIFT City
Abu Dhabi Investment Authority (ADIA), the largest sovereign wealth fund in the United Arab Emirates (UAE), is setting up a $4-5 billion fund to invest in India’s GIFT City through a tax-neutral finance hub in Prime Minister Narendra Modi’s home state of Gujarat, according to two sources with direct knowledge of the matter. Approval from […]
Juspay, Zoho, Decentro: New Payment Aggregators by RBI
The Reserve Bank of India (RBI) has granted final authorization to three more companies – Juspay, Zoho, and Decentro – to operate as payment aggregators in India. This approval allows these companies to provide payment services to online merchants by accepting payments from customers. What is a payment aggregators? A payment aggregator is a service […]
HDFC Bank Secures $300M Through Sustainable Finance Bonds
HDFC Bank, India’s largest private sector lender by market capitalisation, has raised $300 million through its first ever sustainable finance bond issue. The bond is part of a larger $750 million raise through Regulation S Bonds, which are offered to investors outside the US. HDFC Bank’s Sustainable Finance Bond Details The sustainable finance bond has […]
Cactus Venture Partners raises Rs 630 for Startup Fund
Cactus Venture Partners closes maiden fund at Rs 630 crore Cactus Venture Partners, an India-focused early growth stage venture capital firm, has announced the final close of its maiden fund at Rs 630 crore ($75.8 million). The fund will invest in startups in health tech, climate tech and B2B SaaS sectors, with a cheque size […]
Kerala Startup: Celebrated at the Global AI Summit
Kerala is emerging as a hub of innovation and excellence in the field of artificial intelligence (AI), as evidenced by the recent achievements of its startups at the global stage. One such startup is International Virtual Assistance Pvt Ltd (IVA), a deep-tech company based in Technopark, Thiruvananthapuram, that has bagged the prestigious ‘Best Research Company […]
Tata Neu ONDC Route to Compete with Swiggy, Zomato
The Tata Group’s super app, Tata Neu, is ready to enter the online food ordering sector by leveraging the Open Network for Digital Commerce (ONDC), a government-backed initiative to standardize e-commerce platforms. Tata Neu aims to offer a wide range of food options from various eateries across cities, challenging the dominance of Swiggy and Zomato […]
ANRF Act Provisions: A Closer Look
The Anusandhan Research Foundation (ANRF) Act is a landmark legislation that aims to transform India’s research and innovation landscape. The Act was brought into force on February 5, 2024 by the Government of India, fulfilling its commitment to make research and innovation the fulcrum of growth and development of the country. What is ANRF Act […]