CII Launches Vikram Kirloskar Series on Green Themes
The Confederation of Indian Industry (CII) has launched a lecture series in memory of Vikram Kirloskar, a visionary leader who championed the cause of green mobility and green fuels in India. The series aims to provide a platform for industry experts, policymakers and researchers to share their insights and perspectives on the emerging trends and […]
ADB’s Rs 1,250 Cr Green Bonds Issued in Local Market
The Asian Development Bank (ADB) has issued its largest local currency green bond to date, raising Rs 1,250 crore (about $150 million) to finance renewable energy and green finance projects in India. The bond is structured as a 4-year currency-linked bond, with a bullet repayment at maturity and carrying a fixed interest rate of 6.72% […]
Zooom Resumes with Delhi-Ayodhya Flight; Eyes Expansion
Zooom, the domestic airline formerly known as Zoom Air, has resumed its operations in India after more than five years of hiatus. The airline launched its first passenger flight from Delhi to Ayodhya on January 31, 2024, using a Bombardier CRJ200ER aircraft. The flight marks the comeback of Zooom in the Indian aviation market, which […]
Promoting Women in Workforce: Labour Ministry’s New Advisory
The Union government has issued an advisory to employers to promote women workforce participation across various sectors. The advisory aims to create a conducive environment for women workers and entrepreneurs, and to address the gender gap in the labour market. Women constitute nearly half of the population of India, but their participation in the workforce […]
Aquaconnect Raises ₹33 Cr from S2G in Pre-Series B
Aquaconnect, a Chennai-based full-stack aquaculture platform, has raised ₹33 crore ($4 million) in a pre-Series B funding round led by S2G Ventures. The startup will use the new capital to scale its operations and expand its presence in major aquaculture production states in India. Aquaconnect provides a suite of services to fish and shrimp farmers, […]
NSIL and French Firm Join Forces for Satellites
India and France have announced a strategic partnership to explore the global satellite launch market, using their respective heavy-lift launch vehicles, LVM-3 and Ariane-6. The MoU was signed during French President Emmanuel Macron’s visit to India, highlighting the deepening space collaboration between the two nations. Background NewSpace India Limited (NSIL) is the commercial arm of […]
Hyderabad’s Kore.ai Secures $150M in Round Three
Kore.ai, a conversational AI company based in Hyderabad, has raised $150 million in a strategic growth investment led by FTV Capital and Nvidia. The company provides an enterprise-grade no-code platform for building chatbots and other AI solutions for various industries and use cases. Kore.ai plans to use the funds to expand its market presence and […]
Sebi Reviews Penalty Disclosure Norms
Sebi, the market regulator in India, is reviewing a requirement for listed companies to disclose all penalties imposed by authorities, even an insignificant amount, which increases the compliance burden. The regulator in July 2023 mandated disclosure of all penalties to stock exchanges irrespective of the amount. Earlier, companies could use their discretion in disclosing fines. […]
Import Duty for Mobile Parts in India Down to 10%
The Indian government has reduced the import duty on mobile phone components from 15% to 10%. This decision impacts a variety of components including battery covers, lenses, antennas, SIM sockets, and various mechanical and plastic items. The move is aimed at boosting exports from Asia’s third-largest economy and attracting more investment from global smartphone makers […]
Sun Life’s GenAI: Emerging Tech for Excellence
Sun Life, a global leader in life insurance and asset management, is leveraging generative artificial intelligence (GenAI) to drive client excellence and innovation. GenAI is a branch of AI that can create new content, such as text, images, or code, based on existing data or parameters. Sun Life has been experimenting with several GenAI projects […]