₹1.68 Lakh Cr Allocated to NHAI for FY25: FM
Finance minister Nirmala Sitharaman on Feb. 1 marginally increased allocation to State-owned National Highways Authority of India (NHAI) to ₹1.68 lakh crore for 2024-25 from last year’s revised allocation of ₹1.67 lakh crore . The pre-election Budget 2024-25 document has allocated a marginally enhanced outlay of ₹2.78 lakh crore for the highways sector . NHAI’s […]
Three New Economic Corridors for Railways: FM
In her Interim Budget speech delivered in the lower house of parliament, Finance Minister Nirmala Sitharaman announced a substantial allocation of Rs 2.55 lakh crore for capital expenditure for the Indian Railways, along with three new railway economic corridors to reduce congestion and logistics costs in India. She also proposed that around 40,000 normal rail […]
TCS Ties Promotions to ‘Return to Office’ Mandate
Tata Consultancy Services (TCS), India’s largest IT services company, has announced that it will link promotions, hikes, and variable payouts to complying with its recent return-to-office policy. This means that employees who work from the office regularly will have a better chance of getting higher grades, salaries, and bonuses than those who work from home. […]
Ayushman Bharat to Cover ASHA, Anganwadi Workers: FM
In a major announcement in the interim budget 2024, Finance Minister Nirmala Sitharaman said that the Ayushman Bharat scheme, which provides health insurance to the poor and vulnerable, will be extended to all ASHA and Anganwadi workers and helpers. This will benefit about 30 lakh frontline health workers who are involved in delivering essential services […]
Best Agrolife Leads with ‘Warden Extra’ in India
Best Agrolife Ltd (BAL) is the first Indian agrochemical company to indigenously manufacture ‘Warden Extra’, a revolutionary product that combines fungicide and insecticide properties. Warden Extra is expected to boost crop production by protecting plants from diseases and pests. Warden Extra is a result of BAL’s innovative research and development efforts, which have received the […]
RBI Directs Paytm Bank: Stop New Customers from Feb 29
The Reserve Bank of India (RBI) has imposed additional restrictions on Paytm Payments Bank Ltd (PPBL) due to “persistent non-compliances” with the banking regulations. The RBI has ordered PPBL to stop accepting any deposits or credit transactions or top-ups in any customer accounts, prepaid instruments, wallets, FASTags, NCMC cards, etc. after February 29, 2024. The […]
Zooom Resumes with Delhi-Ayodhya Flight; Eyes Expansion
Zooom, the domestic airline formerly known as Zoom Air, has resumed its operations in India after more than five years of hiatus. The airline launched its first passenger flight from Delhi to Ayodhya on January 31, 2024, using a Bombardier CRJ200ER aircraft. The flight marks the comeback of Zooom in the Indian aviation market, which […]
Sebi Reviews Penalty Disclosure Norms
Sebi, the market regulator in India, is reviewing a requirement for listed companies to disclose all penalties imposed by authorities, even an insignificant amount, which increases the compliance burden. The regulator in July 2023 mandated disclosure of all penalties to stock exchanges irrespective of the amount. Earlier, companies could use their discretion in disclosing fines. […]
Sun Life’s GenAI: Emerging Tech for Excellence
Sun Life, a global leader in life insurance and asset management, is leveraging generative artificial intelligence (GenAI) to drive client excellence and innovation. GenAI is a branch of AI that can create new content, such as text, images, or code, based on existing data or parameters. Sun Life has been experimenting with several GenAI projects […]
DTDC Expands to Malaysia, Boosts Southeast Asia Presence
DTDC, India’s leading integrated express logistics company, through its subsidiary DTDC Global Express PTE Ltd, has entered the Malaysian market by inaugurating a new office in Kuala Lumpur. The move expands DTDC’s presence in Southeast Asia, adding to its existing locations in Singapore and Australia. Malaysia: A Strategic Market for DTDC Malaysia shares a healthy […]