Aditya Birla Merges Firms to Form NBFC Giant
Aditya Birla Capital Limited (ABCL) and Aditya Birla Finance (ABFL) have announced a scheme of amalgamation to create a large unified operating non-banking financial company (NBFC). The merger will result in reduction of legal entities and simplification of the group structure of Aditya Birla Capital. It will also comply with the scale-based regulations of the […]
Tata Sanand Plant Surpasses 1M Car Production Record
Tata Motors Sanand plant in Gujarat, India, has achieved a remarkable feat by producing 1 million cars since its inception in 2010. The plant, which was initially set up to manufacture small cars, has evolved into a key facility for producing petrol, CNG and electric vehicles. A Journey of Transformation The Sanand plant started its […]
Adani Green Energy Launches 1GW Solar Park in Gujarat
Adani Green Energy (AGEL), India’s largest renewable energy company, has announced the launch of its 1GW solar park in Khavda, Gujarat. The project is part of the world’s largest renewable energy park of 30GW planned by AGEL in the region. What is the Khavda solar park? The Khavda solar park is a mega-scale project that […]
Telangana, Tata Partner for Skill Development
In a major boost to the skill development sector in Telangana, the state government has signed a memorandum of understanding (MoU) with Tata Technologies, a global engineering and product development digital services company, to upgrade 65 state-run industrial training institutes (ITIs) into advanced technical skill training centres. The project aims to enhance the employability of […]
CEO Reveals Adani Defence’s 10-Year Plan
Adani Defence and Aerospace is set to make big investments in the defence sector in the next 10 years, according to its CEO Ashish Rajvanshi. The company aims to support the government’s ‘Make in India’ initiative and achieve self-reliance in defence manufacturing. Adani Defence and Aerospace: A Key Player in Defence Manufacturing Adani Defence and […]
Flipkart Expands Same-Day Delivery in 20 Cities
Flipkart, India’s leading e-commerce platform, has announced that it will soon offer same-day delivery service in 20 cities across the country. The service will start rolling out in February and will cover a wide range of products, including mobiles, fashion, beauty, lifestyle, books, home appliances and electronics. The same-day delivery service will be available in […]
NPCI and IISc Collaborate for AI, Blockchain Research
The National Payments Corporation of India (NPCI) and the Indian Institute of Science (IISc) have signed a multi-year Memorandum of Understanding (MoU) to conduct joint research on blockchain and artificial intelligence (AI) technology. The collaboration will also establish the ‘NPCI-IISc Centre of Excellence (CoE) for Deep Tech Research & Development’ to foster innovation in these […]
Delhi HC Stops $135M Asset Sale in Shanghai Electric vs Reliance Case
The Delhi High Court has ordered Reliance Infrastructure Ltd (RIL) to maintain status quo on its assets and restrained it from selling, transferring or creating any encumbrances on its stake in two power distribution companies in Delhi, BSES Yamuna Limited and BSES Rajdhani Limited, until further orders. The order was passed by Justice Sanjeev Narula […]
IGL Cuts CNG Prices in Delhi by Rs 2.5/kg
Indraprastha Gas Limited (IGL), the sole supplier of compressed natural gas (CNG) in Delhi, has slashed the selling prices of the gas by Rs 2.5 per kg across all geographical areas of its operation, effective from 6 am on March 7, 2024. The company said that the price reduction was due to a dip in […]
IOC: First Indian Firm to Fuel Formula 1
Indian Oil Corporation Ltd (IOC) – the nation’s top oil firm – will in three months start manufacturing fuel used in adrenaline-pumping Formula One or F1, motor racing as it looks to expand its basket of niche fuels. IOC Unveils ‘Storm’ Petrol for FIM Asia Road Racing Championship IOC, which already has three branded fuels, […]