ICICI, Axis, IIFL Back GMR’s ₹800 Cr Delhi Airport Bonds
Leading financial institutions ICICI Bank, Axis Bank, and India Infrastructure Finance Ltd (IIFL) recently subscribed to a ₹800 crore bond issuance by GMR Group’s Delhi International Airport Limited (DIAL).expand_more This joint investment signifies a growing optimism surrounding infrastructure projects in India, particularly those aligned with the ambitious ₹70 lakh crore National Infrastructure Pipeline (NIP) launched […]
CBIC Rolls Out SOP to Prevent Taxpayer Harassment
In a significant move aimed at fostering a more taxpayer-friendly environment and improving the ease of doing business in India, the Central Board of Indirect Taxes and Customs (CBIC) has issued a detailed Standard Operating Procedure (SOP) for officials of the Directorate General of GST Intelligence (DGGI). This SOP outlines specific guidelines for conducting tax […]
IndiGo Launches Direct Flights Abu Dhabi-Kannur
IndiGo, a leading Indian airline, has set its sights on strengthening connectivity between the Middle East and South India. The carrier announced the launch of new daily non-stop flights between Abu Dhabi, the capital of the United Arab Emirates (UAE), and Kannur, a north Kerala district in India. This exciting development, set to take off […]
SIA-India, ABRASAT MoU Aims Space Sector Growth
India and Brazil are charting a new course for amplified space exploration through a collaborative pact. The Satcom Industry Association of India (SIA-India) and the Brazilian Satellite Communications Association (ABRASAT) sealed a Memorandum of Understanding (MoU) to invigorate advancements in the space sector. This strategic alliance marks a substantial step towards bolstering ties between the […]
IIM Mumbai, Starburst Team Up to Support ASD Startups
India’s ambitions in the Aerospace, New Space and Defence (ASD) sector are receiving a significant boost. The Indian Institute of Management Mumbai (IIM Mumbai) and Starburst, a leading European ASD accelerator, recently announced a strategic collaboration aimed at empowering ASD startups across the country. This partnership arrives at a critical time as India’s ASD industry […]
Wow! Momo Wins Trademark Case Against Wow Punjabi
Court Grants Temporary Relief in Trademark Dispute Fast-food momo giant Wow! Momo has secured a temporary win in its ongoing trademark battle against multi-cuisine restaurant chain Wow Punjabi. The Delhi High Court recently issued a temporary injunction, prohibiting Wow Punjabi from using branding elements that could be confused with Wow! Momo’s established trademarks. This decision […]
Govt Cancels 13 Mineral Blocks Auction Amid Low Interest
India’s quest for self-reliance in critical minerals encountered a significant hurdle in late March 2024. The government was forced to cancel auctions for 13 out of the 20 blocks offered in the first tranche, representing a 65% failure rate. This move reflects a lukewarm response from companies, raising questions about the effectiveness of the auction […]
MGNREGS : 4-10% Raise in Rural Job Scheme Wages
In a move that will bring much-needed relief to millions of rural households grappling with rising inflation, the central government announced a revision to MGNREGS wages, effective March 27, 2024. This revision promises a significant boost to livelihoods, with wage hikes ranging from 4% to 10% depending on the state. State-wise Disparity: A Cause for […]
Torrent Power Secures 150 MW Renewable Energy Deal
Torrent Power Limited, a leading Indian power company, has taken a significant stride towards solidifying its position as a frontrunner in the renewable energy sector. The company recently secured a letter of award to supply 150 MW of clean energy, marking a substantial step forward in its commitment to sustainable power generation. Project Details: A […]
CP PLUS Spreads Made-in-Bharat Solutions Across India
Indian security and surveillance giant, CP Plus, is embarking on an ambitious nationwide expansion plan to empower every corner of India with its “Made-in-Bharat” security solutions. This initiative aligns perfectly with the Indian government’s Atmanirbhar Bharat mission, which prioritizes self-reliance and fosters domestic manufacturing. More Than Just Manufacturing: A ₹300 Crore Push for Innovation CP […]