Adani Group’s Bold Move: Rs 50,000 Crore Investment for a 1 GW Data Centre in Maharashtra
The Adani Group, one of India’s largest and most diversified conglomerates, has announced a massive investment plan to set up a 1 GW (gigawatt) hyperscale data centre infrastructure in Maharashtra. The project, which will be powered by renewable energy, is expected to create 20,000 direct and indirect jobs and boost the state’s digital economy. MoU […]
FSSAI Advocates for Bio-Pesticides: A New Approach to Tea Production
Tea is one of the most popular beverages in the world, and India is the second-largest producer of tea after China. However, tea cultivation faces many challenges, such as pests and diseases, that affect the quality and quantity of tea. To protect the tea plants from these threats, tea growers often use chemical pesticides, which […]
MCA Invites Public Insight on Key Rule Changes: A Closer Look at the Companies Act and LLP Act in Phase One
The Ministry of Corporate Affairs (MCA) has recently announced a policy framework for “pre-legislative consultation” relating to the framing of rules and regulations under laws administered by it. The framework aims to enhance public participation and transparency in the rule-making process and to ensure that the proposed changes are well-informed and justified. The policy framework […]
Suzuki Motorcycle India and SMFG India Credit Co Join Forces: A New Era in Vehicle Financing
A Strategic Partnership Suzuki Motorcycle India Pvt Ltd (SMIPL), a leading two-wheeler manufacturer in the country, has partnered with SMFG India Credit Co Ltd (formerly Fullerton India Credit Co), a Non-Banking Financial Company (NBFC) and a member of Sumitomo Mitsui Financial Group (SMFG), to provide quick and hassle-free financing options for Suzuki two-wheeler customers. The […]
New Coaching Norms: High Fees, 16-Year Age Limit Explained.
The Ministry of Education in India has recently introduced the “Guidelines for Registration and Regulation of Coaching Center 2024” to address the concerns surrounding unregulated private coaching centers that offer preparatory courses for various study programmes and competitive examinations. The guidelines aim to establish a framework for registration, set minimum standards, and prioritize student well-being. […]
Boosting Pharma-MedTech: India’s Rs 5,000 Crore Allocation for Advancing Research and Innovation
India has taken a major step towards enhancing its research and innovation capabilities in the pharmaceutical and medical technology (Pharma-MedTech) sector by launching the Promotion of Research and Innovation in Pharma-MedTech (#PRIP) initiative. The scheme, announced by the Ministry of Finance on X, aims to provide financial support and incentives to companies, institutions and researchers […]
Supreme Court Directs Jet’s New Owners: Mandatory Deposit of Rs 150 Crore
The Supreme Court on Thursday ordered Jalan-Kalrock consortium, the new owners of the bankrupt Jet Airways, to deposit Rs 150 crore in SBI’s escrow account by January 31, 2024. The apex court said that this amount was part of the Rs 350 crore that the consortium had agreed to pay as the first tranche of […]
Mastercard Pioneers Healthcare Payments: Introduction of Virtual Card for Medical Claims
Mastercard, one of the world’s leading payment network processors, has announced a groundbreaking solution for medical claim payments in India. The company has partnered with one of the leading financial institutions in India and Remedinet, a cloud-based health tech platform that simplifies the back-end of cashless claims by connecting hospitals, insurers and third-party administrators. How […]
Sun Pharmaceutical Industries Expands Reach: Acquisition of Remaining Stake in Israel’s Taro
Sun Pharmaceutical Industries, India’s largest drugmaker, announced on Thursday that it will acquire the remaining 21.52% stake in Israel-based Taro Pharmaceutical Industries for ₹2,891.7 crore ($43 per share). This move will enable the merger of the two entities and consolidate Sun Pharma’s control over Taro, a key player in the generic dermatology market. Background Sun […]
Bridging Distances: A Journey from Atal Setu to Mahatma Gandhi Setu – India’s Longest Bridges
India is a country of diversity, not only in terms of culture, religion and language, but also in terms of geography. The vast landmass of India is crisscrossed by many rivers, some of which are among the longest and largest in the world. To connect the different regions of the country, bridges play a vital […]