EKI Energy New Biomass Briquettes Plant in Maharashtra
EKI Energy Services, a leading carbon credit developer and supplier, has announced the inauguration of its first biomass briquettes manufacturing plant at Dindori, Nashik, in Maharashtra. The plant is a subsidiary of EKI’s GHG Reduction Technologies and aims to facilitate the production of products that significantly reduce greenhouse gas emissions. What are Biomass Briquettes? Biomass […]
Bima Sugam: IRDAI’s New E-Marketplace for Insurance
Bima Sugam is an electronic insurance marketplace proposed by the Insurance Regulatory and Development Authority of India (IRDAI) to provide a one-stop online shop for all insurance policies. The IRDAI has released draft regulations for Bima Sugam, which aims to protect and empower policyholders’ interests, increase insurance penetration in India, and enhance availability, affordability, and […]
Paytm Rs 26,000 Cr Loss: The Aftermath of RBI Ban
Paytm Payments Bank Ltd (PPBL) has suffered a massive loss of Rs 26,000 crore after the Reserve Bank of India (RBI) banned it from accepting deposits or top-ups in any customer account, prepaid instruments, wallets, and FASTags after February 29, 2024. This action by the RBI, initiated on January 31, 2024, was based on a […]
RITES, AD Ports Group Join Hands for Infrastructure
RITES Limited, a leading transport infrastructure consultancy and engineering firm in India, and AD Ports Group, a leading facilitator of global trade, logistics and industry in UAE, have signed a strategic Memorandum of Understanding (MoU) to explore joint ventures and collaborations in key areas of trade and logistics. The MoU covers cooperation in the upcoming […]
Potential Separate HS Codes for GI Rice Exports
The government is considering to give new harmonised system (HS) codes, a numerical classification mandatory for internationally-traded products, to boost exports of geographical indication (GI) tagged rice varieties, a commerce ministry official said on Tuesday. The move will ensure that in case of any ban or restriction on exports of broken or white rice, such […]
Adani Power, DAIT’s Energen Acquisition Gets CCI Nod
Adani Power Ltd (APL) and Dickey Alternative Investment Trust (DAIT) have received the approval from the Competition Commission of India (CCI) to acquire 100% shareholding of Coastal Energen Pvt Ltd (CEPL), a Tamil Nadu-based thermal power producer . The deal is expected to enhance Adani’s position as the leading private-sector thermal power producer in India. […]
Adani-Hindenburg Case: SC Review Plea Filed
A review petition has been filed in the Supreme Court seeking a review of its January 3 verdict that dismissed the plea for a SIT or CBI probe into the allegations in Adani-Hindenburg Case. The petition claimed that there were errors and oversights in the judgment and that SEBI had failed to regulate the Adani […]
Reliance Industries Hits Rs 20 Lakh Cr Market Cap
Reliance Industries Ltd (RIL), the oil-to-telecom conglomerate led by billionaire Mukesh Ambani, has achieved a historic milestone by becoming the first Indian listed company to cross the Rs 20 lakh crore market capitalisation mark on Tuesday. The stock of RIL surged 1.88 per cent to hit a record high of Rs 2,918 on NSE and […]
Bharat Electronics Secures ₹2,167 Cr Navy Order
Bharat Electronics Ltd. (BEL), a Navaratna company, has clinched a significant order valued at ₹2,167 crore from the Indian Navy for the supply of an advanced electronic warfare suite designed for deployment on-board warships. The contract was signed on February 13, 2024, according to a regulatory filing by the company. What is the electronic warfare […]
Paytm: OCL Investment Pending Govt Approval
Paytm, India’s leading fintech company, is facing a regulatory hurdle in its payment aggregator business. The company’s parent entity, One97 Communications Ltd (OCL), has not received the government’s approval for a downstream investment in its subsidiary, Paytm Payment Services Ltd (PPSL), which operates as a payment aggregator under the RBI guidelines. Paytm OCL investment: The […]