Tata Motors’ Sanand Plant Set for EV Production from April
Tata Motors, India’s leading automobile company, is gearing up to start the production of electric vehicles (EVs) at its newly acquired Sanand plant in Gujarat from April 2024. The company aims to leverage the state-of-the-art facility and the strong supplier network in the region to boost its EV portfolio and market share. The Sanand plant […]
Oxford-TCS Partnership Ends, Future Collaborations Uncertain
Oxford University has announced that it has ended its relationship with Tata Consultancy Services (TCS) following technical glitches in online admission tests in 2023. TCS was hired by the university less than a year ago to design and deploy the admission tests for thousands of students annually. However, the university said that it received negative […]
Nazara’s Subsidiary Buys Comic Con India for ₹55 Cr
Nazara Technologies, a leading gaming and sports media company, has announced that its esports subsidiary NODWIN Gaming will acquire 100% of the shares of Comic Con India Pvt Ltd, the organizer of the popular pop culture events in India, at a valuation of ₹55 crore. The deal will be completed within 90 days through a […]
Byju’s Cuts Valuation by 90% for Fundraising
Byju’s, India’s most valued edtech startup, is facing a crisis of confidence as its valuation has plummeted from $22 billion to less than $2 billion in less than a year. The company is looking to raise more than $100 million from existing stakeholders, including founder Byju Raveendran, at a steep 90% discount to its previous […]
Bajaj Eyes CNG 2-Wheelers After 3-Wheeler Success
Bajaj Auto, the Indian two-wheeler giant, is planning to launch its first CNG-powered motorcycle in 2025, following the success of its CNG three-wheelers. The company aims to offer an affordable and eco-friendly alternative to petrol bikes, with lower running costs and emissions. Why CNG bikes? According to Rajiv Bajaj, the CEO of Bajaj Auto, there […]
Serum Institute Joins CEPI for Disease Outbreak Vaccines
Serum Institute of India (SII), the world’s largest vaccine manufacturer, has announced its partnership with the Coalition for Epidemic Preparedness Innovations (CEPI), a global alliance of public, private and philanthropic organizations that aims to accelerate the development of vaccines against emerging infectious diseases. The collaboration will enable SII to join a growing network of vaccine […]
Rs 8,325 Cr Prepaid by Airtel for 2015 Spectrum Liabilities
Bharti Airtel, India’s second-largest telecom operator, has prepaid Rs 8,325 crore to the Department of Telecom (DoT) towards part prepayment of the deferred liabilities pertaining to spectrum acquired in the 2015 auction. The company said that this move will reduce its interest cost by 10 per cent. Spectrum auction in 2015 Bharti Airtel had won […]
ONGC’s Green Energy Subsidiary Approved by Ministry
The Ministry of Petroleum and Natural Gas has given its approval for the establishment of a subsidiary company by Oil and Natural Gas Corporation Limited (ONGC), focusing on green energy and gas ventures. The newly formed company, proposed to be named ONGC Green Limited, will engage in businesses related to green hydrogen, hydrogen blending, renewable […]
E-Bikes Over ‘4 Lakh in Hero Moto’s Green Drive
Hero MotoCorp, India’s largest two-wheeler maker, is gearing up for the electric vehicle market with plans to launch premium e-bikes priced over Rs 4 lakh in collaboration with Zero Motorcycles, a US-based company. The company will also expand its green portfolio with more affordable versions of its Vida electric scooter, targeting the entry-level and B2B […]
YES BANK: First Indian Bank on RXIL’s ITFS Platform
Yes Bank has become the first Indian bank to execute an export finance transaction on the International Trade Financing Services Platform (ITFS) of RXIL Global IFSC Limited (RXIL), a leading cross-border fintech company registered under the International Financial Services Centres Authority (IFSCA) . This strategic partnership facilitates arranging credit for exporters and importers from both […]