UltraTech Cement Invests Rs 49 Cr to Secure 26% Stake in Amplus Ages Introduction UltraTech Cement, a leading cement maker and a part of the Aditya Birla Group, has announced the acquisition of 26% stake in Amplus Ages Pvt Ltd, a renewable energy company, by investing Rs 49 crore. The deal is expected to help […]
IT Demand Notices Worth Rs 3,529 Crore Received by LIC
Introduction Life Insurance Corporation of India (LIC), the largest insurance company in the country, has received two demand notices from the Income Tax authorities in Mumbai, amounting to Rs 3,529 crore. The notices pertain to the assessment years 2018-19 and 2019-20, and are based on the disallowance of certain expenses claimed by LIC. LIC’s response […]
Transformational Project Sees 389 Schools Inaugurated by Odisha CM
Odisha Chief Minister Naveen Patnaik inaugurated 389 schools in five districts of the state on Thursday, as part of the government’s transformational programme under the 5T initiative. The 5T framework, which stands for teamwork, technology, transparency, and time leading to transformation, aims to improve governance and citizen delivery. What is the 5T Initiative? The 5T […]
Micron and NAMTECH Collaborate to Boost India’s Semiconductor Packaging Industry with Talent Development
Micron Technology, Inc, one of the world’s largest semiconductor companies, and the New Age Makers Institute of Technology (NAMTECH), an ArcelorMittal Nippon Steel India education initiative, have announced a partnership to develop a world-class talent pipeline for India’s semiconductor packaging industry. The partnership is aligned with the Ministry of Electronics and Information Technology’s India Semiconductor […]
Atal Setu Bridge: A Testament to Modi Government’s Successful Infrastructure Drive
India is witnessing a historic transformation in its infrastructure sector, thanks to the visionary leadership of Prime Minister Narendra Modi. One of the most remarkable achievements of his government is the completion and inauguration of the Atal Setu bridge, India’s longest sea bridge, which connects Mumbai with Navi Mumbai. What is Atal Setu bridge? The […]
HUL Faces Boycott from FMCG Distributors in Maharashtra Due to Revised Margin Structures
Background Hindustan Unilever Limited (HUL) is one of the leading FMCG companies in India, with popular brands such as Lux, Lifebuoy, Surf Excel, Rin, Pond’s, Dove, and Kissan. The company has recently changed its margin model for its distributors, reducing the fixed margins by 60 basis points and increasing the variable margins by up to […]
NCLAT: Ex-Promoters and Directors Can Bid if They Meet Section 29A of IBC Criteria
The National Company Law Appellate Tribunal (NCLAT) has clarified that former promoters and directors of a company undergoing insolvency process are not automatically disqualified from submitting resolution plans. The tribunal said that such individuals can bid for the insolvent company if they meet the eligibility criteria under Section 29A of the Insolvency and Bankruptcy Code […]
Government Alert: Avoid Dialling ‘*401#’ with Unfamiliar Numbers to Prevent Malicious Calls
The Department of Telecommunications (DoT) has issued a consumer advisory to prevent cyber fraud involving malicious calls that ask users to dial *401# followed by an unknown mobile number. This action can activate unconditional call forwarding from the user’s mobile to the fraudster’s mobile, allowing them to receive all incoming calls and use them for […]
Numrovani Unveils ‘Cosmic Search Engine’ – Transforming Lives with Stellar Insights
NumroVani, the trailblazing lifestyle brand that harmoniously blends ancient wisdom with modern sciences, has unveiled its transformative Facebook campaign, Sitaaro Ka Search Engine. This ground-breaking initiative aims to empower individuals facing challenges in love, career, and life by providing cosmic guidance through the expertise of renowned Astro numerologist Sidhharrth S Kumaar. What is Sitaaro Ka […]
Coursera Brings Global Education to Hindi Speakers: 4,000 Courses Translated
Coursera, the leading online learning platform, has announced that it has translated over 4,000 courses in Hindi using artificial intelligence (AI). This is a major step towards making high-quality education accessible to everyone, regardless of their language preference. Why Hindi? Hindi is the most widely spoken language in India, with over 528 million speakers. It […]