Adani’s Data Collection for Mumbai Slum Revamp
The Dharavi slum in Mumbai, spanning 640 acres and housing up to 1 million residents, is one of the most densely populated areas in the world. For decades, the slum has been a challenge for urban planners and authorities, who have struggled to provide adequate infrastructure, sanitation, and housing for its inhabitants. Now, the Adani […]
ACME and IHI Ink Green Ammonia Supply Deal
ACME Group, a leader in renewable energy in India, and Japan’s IHI Corporation, have signed a term sheet to supply 0.4 million metric tonnes per annum (MMTPA) of green ammonia from Odisha, India, to Japan. This agreement, a significant step towards reducing global greenhouse gas emissions, is expected to offset 54 million tons of CO2 […]
PM Lays Foundation for Rs 19,100 Crore Projects in Bulandshahr
Prime Minister Narendra Modi launched a slew of development projects in Bulandshahr district in western Uttar Pradesh on Thursday, January 25, 2024. The projects, worth over Rs 19,100 crores, are related to several important sectors like rail, road, oil and gas, urban development and housing. Rail Projects One of the major projects that PM Modi […]
Adani Power Offloads Stakes to AdaniConnex for ₹540 Crore
Adani Power Ltd. has signed a preliminary deal to offload its entire stake in two subsidiaries, Aviceda Infra Park Ltd. and Innovant Buildwell Pvt. Ltd., to AdaniConnex Pvt. Ltd. for Rs 540 crore. The transaction is expected to be completed by March 31, 2024. What are the details of the deal? According to a filing […]
JSW Group Enters Defence, Buys Stake in Gecko Motors
JSW Group, a leading corporate conglomerate, has announced its entry into the defence sector with the launch of a new business vertical, JSW Defence and Aerospace (JSW Defence). JSW Defence has acquired a majority stake in an extreme off-road vehicle company, Gecko Motors Private Limited, now renamed as JSW Gecko Motors Pvt Ltd (JSW Gecko) […]
RBI Approves LIC’s Strategic Investment in HDFC
The Reserve Bank of India (RBI) has given its approval to the Life Insurance Corporation of India (LIC) to acquire up to 9.99% stake in HDFC Bank, one of the leading private sector banks in India. This strategic investment will strengthen the partnership between the two financial giants and create value for their customers and […]
Reliance Jio and OnePlus Establish 5G Lab in India
Reliance Jio, India’s largest telecom operator, has partnered with OnePlus, a premium smartphone maker, to establish a 5G Innovation Lab in India. The lab will serve as a hub for testing and developing new technologies that will unlock the full potential of 5G technology in India. Jio True 5G Network Jio claims that its True […]
Ranjan Pai Buys 40% Stake in Aakash Institute: Byju’s Lifeline?
Ranjan Pai, the chairman of Manipal Education and Medical Group, has bought a 40% stake in Aakash Institute, one of the largest test-prep businesses in India, owned by edtech giant Byju’s. The Aakash board has approved the conversion of Pai’s $300 million investment, made during 2023, into equity, valuing the company at around $700 million […]
Glenmark, Jiangsu Alphamab, 3D Medicines Sign Cancer Drug Pact
Glenmark Pharmaceuticals Ltd., a leading Indian drugmaker, has secured an exclusive license to develop and commercialize a novel cancer drug in several emerging markets. The drug, known as Envafolimab or KN035, is a subcutaneous injection of PD-L1 antibody that can be administered at home or in outpatient settings. Envafolimab is being developed by Jiangsu Alphamab […]
Airtel Surpasses Jio in Fixed Broadband Speed: Opensignal
According to Opensignal, an internet analytics company, Airtel Xstream broadband has outperformed JioFiber in terms of download speeds and quality of service for fixed broadband users in India. The report, based on data collected from December 2022 to February 2023, reveals that Airtel Xstream broadband is now ahead of JioFiber in the Broadband Download Speed […]