Waaree Renewable Technologies Lands Rs 547 Cr Project
Waaree Renewable Technologies, India’s largest solar manufacturer and EPC service provider, has secured a Rs 547.5 crore order for a 412 MWp solar power plant. The project is expected to be completed by December 2024 and will provide clean energy to over 3 lakh households. Introduction Waaree Renewable Technologies (WRTL), a subsidiary of Waaree Group, […]
Rs 2 Lakh for Rural Housing in Interim Budget
The interim budget 2024, presented by Union finance minister Nirmala Sitharaman on February 1, has brought some cheer to the rural and middle-class home buyers. The budget has proposed to increase the assistance for rural housing under the Pradhan Mantri Awas Yojana – Gramin (PMAY-G) scheme by 66 per cent, from Rs 1.2 lakh to […]
World’s Largest Copper Plant Underway by Adani in Gujarat
The Adani Group is building the world’s largest single-location copper manufacturing plant at Mundra in Gujarat, which will help reduce India’s dependence on imports and support the transition to clean energy. The plant, named Kutch Copper Limited, is a subsidiary of Adani Enterprises Ltd (AEL) and will have an annual capacity of 1 million tonnes […]
Byju’s Pays January Salaries Amid Investor Crisis
Byju’s, once valued at $22 billion, is now struggling to survive amid a series of legal, financial and operational challenges. The company is in a standoff with its investors, who are seeking to oust the founder and CEO Byju Raveendran. The company has also missed payments on a $1.2 billion loan and is facing a […]
NFO Alert: Bajaj Finserv’s Large and Mid Cap Fund
Bajaj Finserv Asset Management Limited, a subsidiary of Bajaj Finserv Limited, has launched a new fund offer (NFO) for its Bajaj Finserv Large and Mid Cap Fund. The NFO period is from February 6, 2024 to February 20, 2024. The fund is an open-ended equity scheme that aims to generate long-term capital appreciation by investing […]
Buyer App Launched by L&T-SuFin
L&T-SuFin, India’s leading digital B2B marketplace for industrial and construction products and services, has launched the L&T-SuFin Buyer App, a convenient and efficient solution for businesses to source their industrial supplies. L&T-SuFin Buyer App: A Digital Platform for Industrial Supplies L&T-SuFin, India’s leading integrated digital B2B marketplace for industrial and construction products and services, has […]
Kerala Budget: Higher Rubber Price, ₹1,698 Cr for Agriculture
Kerala Finance Minister K N Balagopal on Monday presented the state budget for the financial year 2024-25 in the assembly, announcing several measures to boost the agriculture sector, which has been hit hard by the pandemic and natural calamities. He allocated ₹1,698.30 crore for the traditional agricultural sector and increased the minimum support price for […]
L&T Secures Onshore Project from IndianOil Adani Ventures
Larsen & Toubro (L&T) has bagged a large onshore project from IndianOil Adani Ventures Ltd (IOAVL) for its hydrocarbon business. The project involves engineering, procurement, construction, and commissioning of offsite tankages, bullets and other associated facilities on lump sum turnkey basis. L&T’s Hydrocarbon Business L&T’s hydrocarbon business, also known as L&T Energy Hydrocarbon (LTEH), offers […]
Tata and Pegatron Discuss iPhone Assembly in Tamil Nadu
Tata Group, one of India’s largest conglomerates, is in advanced talks with Taiwan’s Pegatron, one of Apple’s contract manufacturers, to form a partnership for the iPhone assembly plant that Tata is building in the southern state of Tamil Nadu, according to two sources with direct knowledge of the matter. Background Tata is building the iPhone […]
Ericsson and IIT Kharagpur: A Partnership for AI Research
Ericsson, a leading global provider of communication and information technology solutions, and Indian Institute of Technology Kharagpur (IIT Kharagpur), one of the premier engineering institutes in India, have partnered for a joint research in the field of artificial intelligence (AI), compute and radio technologies. The aim of this partnership is to develop novel AI and […]