Maruti Suzuki Raises Swift, Grand Vitara Prices
In a move that might dampen consumer spirits, Maruti Suzuki, India’s car market leader, announced fresh price hikes for its popular Swift hatchback and select variants of the Grand Vitara SUV on April 10, 2024. This comes just three months after a company-wide price increase in January 2024, raising concerns about the affordability of these […]
Piramal Invests Rs 500 Cr in Puravankara
In a move that promises to reshape the landscape of Indian real estate, Piramal Enterprises, the Piramal Group’s flagship company, has announced a strategic investment of over Rs 500 crore in a carefully curated selection of projects undertaken by Bengaluru-based developer Puravankara Group. This collaboration signifies a major development, aiming to bolster Puravankara’s projects across […]
KABIL, CSIR-IMMT Partner for Critical Minerals Advancement
India’s quest for self-sufficiency in critical minerals received a significant shot in the arm with Khanij Bidesh India Limited (KABIL) and the Council of Scientific and Industrial Research (CSIR) – Institute of Minerals and Materials Technology (IMMT) joining forces. The two organizations inked a Memorandum of Understanding (MoU) on technical and knowledge cooperation, marking a […]
Policybazaar, ICICI Lombard: Partnership for Insurance Growth
In a significant move to bolster insurance penetration in India, which currently stands at around 4.2%, ICICI Lombard General Insurance Company Limited has formed a strategic partnership with Policybazaar, India’s leading insurance marketplace platform boasting over 100 million users. This collaboration leverages Policybazaar’s established digital platform to offer a comprehensive suite of insurance products to […]
Karigar Mela: Amazon India Supports Artisans, Weavers
The e-commerce giant, Amazon India, has revived its popular Karigar Mela, a bi-annual event celebrating the time-honored traditions of Indian craftsmanship. This year’s iteration, launched today, April 11, 2024, takes a significant step forward by placing a strong emphasis on sustainable practices. The Karigar Mela serves a twofold purpose: empowering artisans and weavers across the […]
L&T Infrastructure Projects Divests Entire 51% Stake
Larsen & Toubro (L&T), a leading Indian conglomerate, has wrapped up the divestment of its entire 51% stake in L&T Infrastructure Development Projects Limited (LIDPL). This follows an agreement signed in December 2022 with Edelweiss Alternatives, a prominent name in India’s alternative asset management space. Divestment Finalized, New Ownership for LIDPL On April 11, 2024, […]
Uno Minda Initiates Alloy-Wheel Plant Construction in Haryana
In a move that promises to significantly bolster Haryana’s auto industry, auto component leader Uno Minda has broken ground on a new alloy-wheel plant. The company announced a hefty investment of Rs 542 crore for the upcoming facility, which will be located at IMT Kharkhoda. Upon completion, the plant is slated to churn out an […]
DIPAM Rejects PFC-REC Proposal for KSK Mahanadi Project
The KSK Mahanadi thermal power project’s fight for financial recovery faces a fresh hurdle after the Department of Investment and Public Asset Management (DIPAM) rejected the debt resolution proposal submitted by Power Finance Corporation (PFC) and REC Limited. This decision throws a curveball at the already stressed asset, casting uncertainty on its immediate future. Stalled […]
Road Ministry’s Ambitious Plan: 50,000km New Expressways
The Ministry of Road Transport and Highways (MoRTH) is revamping India’s transportation landscape with a groundbreaking plan to build 50,000 km of new expressways. This ambitious project, expected to be unveiled in the first 100 days of the new government, signifies a significant shift from the previous Bharatmala Pariyojana program, which focused on developing a […]
EU-India Team Up: Advancing EV Battery Recycling
Europe and India are electrifying the future of electric vehicle battery recycling through a groundbreaking collaboration focused on empowering startups in the cleantech sector. This forward-thinking initiative is a direct result of the India-EU Trade and Technology Council (TTC), established in April 2022 to champion cooperation in green technologies. Matchmaking for a Sustainable Future: A […]