Maruti Suzuki Raises Swift, Grand Vitara Prices
In a move that might dampen consumer spirits, Maruti Suzuki, India’s car market leader, announced fresh price hikes for its popular Swift hatchback and select variants of the Grand Vitara SUV on April 10, 2024. This comes just three months after a company-wide price increase in January 2024, raising concerns about the affordability of these […]
Piramal Invests Rs 500 Cr in Puravankara
In a move that promises to reshape the landscape of Indian real estate, Piramal Enterprises, the Piramal Group’s flagship company, has announced a strategic investment of over Rs 500 crore in a carefully curated selection of projects undertaken by Bengaluru-based developer Puravankara Group. This collaboration signifies a major development, aiming to bolster Puravankara’s projects across […]
SBI, Standard Chartered Embrace New RBI Norms in CDS Trade
The Indian financial sector witnessed a watershed moment on April 4th, 2024, as the country’s leading lender, State Bank of India (SBI), joined forces with Standard Chartered Bank India to execute the first-ever Credit Default Swap (CDS) trade valued at ₹25 crore. This pioneering transaction serves as a tangible outcome of the Reserve Bank of […]
KABIL, CSIR-IMMT Partner for Critical Minerals Advancement
India’s quest for self-sufficiency in critical minerals received a significant shot in the arm with Khanij Bidesh India Limited (KABIL) and the Council of Scientific and Industrial Research (CSIR) – Institute of Minerals and Materials Technology (IMMT) joining forces. The two organizations inked a Memorandum of Understanding (MoU) on technical and knowledge cooperation, marking a […]
Policybazaar, ICICI Lombard: Partnership for Insurance Growth
In a significant move to bolster insurance penetration in India, which currently stands at around 4.2%, ICICI Lombard General Insurance Company Limited has formed a strategic partnership with Policybazaar, India’s leading insurance marketplace platform boasting over 100 million users. This collaboration leverages Policybazaar’s established digital platform to offer a comprehensive suite of insurance products to […]
Karigar Mela: Amazon India Supports Artisans, Weavers
The e-commerce giant, Amazon India, has revived its popular Karigar Mela, a bi-annual event celebrating the time-honored traditions of Indian craftsmanship. This year’s iteration, launched today, April 11, 2024, takes a significant step forward by placing a strong emphasis on sustainable practices. The Karigar Mela serves a twofold purpose: empowering artisans and weavers across the […]
Zepto Pass: Simpl Enhances One-Tap Checkout Service
In a move designed to supercharge customer convenience and loyalty, Simpl, a leading buy-now-pay-later (BNPL) platform, has expanded its one-tap checkout service to integrate with Zepto Pass, the membership program offered by quick commerce giant Zepto. This strategic collaboration follows Simpl’s recent integration with Zomato, solidifying their position as a frontrunner in providing frictionless payment […]
L&T Infrastructure Projects Divests Entire 51% Stake
Larsen & Toubro (L&T), a leading Indian conglomerate, has wrapped up the divestment of its entire 51% stake in L&T Infrastructure Development Projects Limited (LIDPL). This follows an agreement signed in December 2022 with Edelweiss Alternatives, a prominent name in India’s alternative asset management space. Divestment Finalized, New Ownership for LIDPL On April 11, 2024, […]
Uno Minda Initiates Alloy-Wheel Plant Construction in Haryana
In a move that promises to significantly bolster Haryana’s auto industry, auto component leader Uno Minda has broken ground on a new alloy-wheel plant. The company announced a hefty investment of Rs 542 crore for the upcoming facility, which will be located at IMT Kharkhoda. Upon completion, the plant is slated to churn out an […]
MNRE Extends Deadline for Green Hydrogen R&D Proposals
Researchers and institutions across India have reason to cheer. The Ministry of New and Renewable Energy (MNRE) has announced a much-needed extension for submitting research and development (R&D) proposals under the National Green Hydrogen Mission. This move underscores the government’s commitment to fostering a robust ecosystem for clean hydrogen technologies in India, a crucial step […]