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 […]
New FDI Norms in Space Sector by DPIIT
The Department for Promotion of Industry and Internal Trade (DPIIT) has notified changes in the foreign direct investment (FDI) norms in the space sector, allowing up to 100% overseas investment in some activities. This is expected to attract foreign players and private companies into the segment, which has been largely dominated by the government so […]
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, […]
IIFL Finance Gets $200 mn Boost from Fairfax After RBI Ban
IIFL Finance, one of India’s leading non-banking finance companies (NBFCs), has received a major boost from its top shareholder Fairfax India, which has committed to provide up to $200 million in liquidity support to the company. This comes after the Reserve Bank of India (RBI) imposed an embargo on the company’s gold loan disbursements, effective […]
PM Modi Unveils India’s First Underwater Metro in Kolkata
Prime Minister Narendra Modi on Wednesday unveiled multiple metro projects across the country, including India’s first underwater metro line in Kolkata. The 16.6-kilometre-long corridor will connect Howrah and Salt Lake, two of the most populous and important areas of the city. The project is expected to ease traffic congestion, enhance connectivity and boost economic activity […]
Airbus Partners with IIM Mumbai for Aviation Training
Airbus, the European aerospace giant, has signed a contract with the Indian Institute of Management Mumbai (IIM Mumbai) to provide aviation education to professionals and empower them with industry-ready skills through Airbus Beyond programmes. Airbus Beyond is an Airbus company that readies professionals for aerospace industry challenges. The programme offers courses in the areas of […]
Jio-bp and Hiranandani: A Partnership for EV Charging Infra
Jio-bp, the fuel retail joint venture of Reliance Industries and bp, has announced a partnership with House of Hiranandani to set up electric vehicle (EV) charging infrastructure at their properties across Mumbai, Hyderabad, Chennai, and Bengaluru . This is a strategic move to tap into the growing demand for EVs in India and to provide […]
Ambani-Disney Merger: Dominating India’s Streaming Scene
The Ambani-Disney merger is one of the biggest deals in the Indian entertainment industry, combining the forces of Asia’s richest man and the world’s largest media company. The deal, worth $8.5 billion, will merge Reliance’s Viacom18 with Disney’s Star India, creating a subsidiary that will have more than 120 channels and serve 750 million customers […]
IRDAI Considers Raising Policy Surrender Charges
The Insurance Regulatory and Development Authority of India (IRDAI) is planning to increase the surrender charges of life insurance policies, according to a draft product regulation issued in December 2023. The proposal has sparked a debate among the industry players and policyholders, as it could affect the profitability of life insurers and the liquidity of […]
Tata Power Solar, Union Bank: Financing Solutions Revamped
Tata Power Solar Systems Limited (TPSSL), a leading solar company in India and a wholly-owned subsidiary of Tata Power Renewable Energy Limited (TPREL), has renewed and expanded its partnership with Union Bank of India (UBI) to offer easy and affordable financing solutions for residential customers, in line with the Government’s PM Surya Ghar Muft Bijli […]