First Green Hydrogen Plant by CIAL and BPCL at Cochin
Cochin International Airport Limited (CIAL) has announced a strategic agreement with Bharat Petroleum Corporation Limited (BPCL) to set up the world’s first green hydrogen plant and fueling station within an airport setting. The plant will have a capacity of 1000 kilowatts and will use renewable energy sources to produce green hydrogen, which is considered a […]
Banks Speed Up DRTs with Advocate Reviews
Debt recovery tribunals (DRTs) are judicial forums that deal with cases related to recovery of debts by banks and financial institutions. They are governed by the Recovery of Debts Due to Banks and Financial Institutions Act, 1993 (RDB Act) and the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (SARFAESI […]
Satellite-Based Tolling on Mysuru-Bengaluru Expressway
India is gearing up to introduce a revolutionary technology of Satellite-Based Tolling that will transform the way tolls are collected on highways. The Global Navigation Satellite System (GNSS) based toll collection system will allow vehicles to travel seamlessly without stopping at toll plazas, and pay only for the distance they cover on the road. The […]
MGNREGA Reduces Gender Wage Gap in Rural India: ILO
A recent working paper by the International Labour Organisation (ILO) has found that the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) has played an important role in reducing the gender wage gap and increasing compliance with minimum wage norms in rural areas of India. MGNREGA and rural employment The paper, titled “Employment and wage […]
Migration Agreement Signed Between India and Taiwan
India and Taiwan have signed a migration and mobility agreement that will enable Indian workers to find employment opportunities in various sectors in Taiwan. The agreement is a reflection of the growing cooperation and mutual interest between the two sides. Why Taiwan Needs Migrant Workers Taiwan is facing a shortage of workers in industries such […]
Akasa Air to Launch Mumbai-Doha Flights from Mar 28
Akasa Air, India’s fastest-growing airline, announced its international operations with the launch of its first destination – Doha, the capital of Qatar. Starting from March 28, 2024, Akasa Air will operate four non-stop flights a week, connecting Mumbai with Doha, enhancing air connectivity between Qatar and India. Why Doha? Doha is one of the key […]
Bharti Airtel to Allot 2.06 Cr Shares for FCCBs
Bharti Airtel, India’s second-largest telecom operator, has announced that it will allot 2.06 crore equity shares to certain holders of its foreign currency convertible bonds (FCCBs) at a conversion price of Rs 518 per share. This will increase the company’s paid-up equity share capital by Rs 103 crore. What are FCCBs? FCCBs are debt instruments […]
Walmart Targets MSMEs for $10B India Export Goal
Walmart, the global retail giant, has announced its ambitious plan to triple its exports of goods from India to $10 billion annually by 2027. The company said that it has already sourced more than $30 billion in products across categories from India in the last two decades. Vriddhi Programme One of the key initiatives that […]
Manappuram Updates ₹1,500 Cr Asirvad Micro Finance IPO
Asirvad Micro Finance, a subsidiary of Manappuram Finance, has filed an addendum to its ₹1,500 crore initial public offer (IPO) with the Securities and Exchange Board of India (SEBI) on Friday (February 16). The company had filed the draft red herring prospectus (DRHP) for the IPO on October 5, 2023, but SEBI put it on […]
Norden and C-DAC Partner for Thermal Cameras in India
UK-based Norden Communication has partnered with the Centre for Development and Advanced Computing (C-DAC) to develop AI-based general purpose thermal cameras for security and industrial applications in India. The collaboration supports the Make-in-India initiative and enhances surveillance technology. What are thermal cameras? Thermal cameras are devices that capture infrared radiation emitted by objects and convert […]