Waaree Renewable Technologies Lands Rs 547 Cr Project
Waaree Renewable Technologies, India’s largest solar manufacturer and EPC service provider, has secured a Rs 547.5 crore order for a 412 MWp solar power plant. The project is expected to be completed by December 2024 and will provide clean energy to over 3 lakh households. Introduction Waaree Renewable Technologies (WRTL), a subsidiary of Waaree Group, […]
Rs 2 Lakh for Rural Housing in Interim Budget
The interim budget 2024, presented by Union finance minister Nirmala Sitharaman on February 1, has brought some cheer to the rural and middle-class home buyers. The budget has proposed to increase the assistance for rural housing under the Pradhan Mantri Awas Yojana – Gramin (PMAY-G) scheme by 66 per cent, from Rs 1.2 lakh to […]
World’s Largest Copper Plant Underway by Adani in Gujarat
The Adani Group is building the world’s largest single-location copper manufacturing plant at Mundra in Gujarat, which will help reduce India’s dependence on imports and support the transition to clean energy. The plant, named Kutch Copper Limited, is a subsidiary of Adani Enterprises Ltd (AEL) and will have an annual capacity of 1 million tonnes […]
Byju’s Pays January Salaries Amid Investor Crisis
Byju’s, once valued at $22 billion, is now struggling to survive amid a series of legal, financial and operational challenges. The company is in a standoff with its investors, who are seeking to oust the founder and CEO Byju Raveendran. The company has also missed payments on a $1.2 billion loan and is facing a […]
NFO Alert: Bajaj Finserv’s Large and Mid Cap Fund
Bajaj Finserv Asset Management Limited, a subsidiary of Bajaj Finserv Limited, has launched a new fund offer (NFO) for its Bajaj Finserv Large and Mid Cap Fund. The NFO period is from February 6, 2024 to February 20, 2024. The fund is an open-ended equity scheme that aims to generate long-term capital appreciation by investing […]
Buyer App Launched by L&T-SuFin
L&T-SuFin, India’s leading digital B2B marketplace for industrial and construction products and services, has launched the L&T-SuFin Buyer App, a convenient and efficient solution for businesses to source their industrial supplies. L&T-SuFin Buyer App: A Digital Platform for Industrial Supplies L&T-SuFin, India’s leading integrated digital B2B marketplace for industrial and construction products and services, has […]
Keus Smart Home Secures Rs 100 Cr Funding from OAKS
Keus, a leading smart home automation company in India, has announced that it has raised Rs 100 crore in a Series A funding round led by OAKS, a venture capital firm focused on consumer internet and technology sectors. The Hyderabad-based startup, which was founded in 2018, offers a range of wireless home automation solutions that […]
Lok Sabha to Approve Extra Rs 78,673 Cr Govt Spending
The Lok Sabha is expected to approve an extra spending of Rs 78,673 crore for the current fiscal year (FY24), as part of the second and final batch of supplementary demands for grants. The additional expenditure will be mainly used for the rural employment scheme MGNREGA, fertiliser subsidy, food and public distribution, and petroleum and […]
CBDT to Send Notices to Taxpayers for Not Filing ITRs: Are You on the List?
The Central Board of Direct Taxes (CBDT) has announced that it will send notices to some taxpayers who have not filed their income tax returns (ITRs) despite having tax deducted at source (TDS) on their incomes. According to CBDT chairman Nitin Gupta, there are about 15 million such taxpayers in India. The department will send […]
Kerala Budget: Higher Rubber Price, ₹1,698 Cr for Agriculture
Kerala Finance Minister K N Balagopal on Monday presented the state budget for the financial year 2024-25 in the assembly, announcing several measures to boost the agriculture sector, which has been hit hard by the pandemic and natural calamities. He allocated ₹1,698.30 crore for the traditional agricultural sector and increased the minimum support price for […]