Renewable Milestone: HUL-Brookfield’s 45 MW Solar Energy Initiative in Rajasthan
The park will have a capacity of 45 MW and is part of a larger 550 MW solar park located in Bikaner, Rajasthan.
A Landmark Order: SEBI Directs Satyam Founders to Pay Rs 1,747 Crore
The illegal gains were made by each individual as follows: Ramalinga Raju – Rs 20.43 crore, Rama Raju – Rs 20.43 crore, Suryanarayana Raju – Rs 51.44 crore, SRSR Holdings – Rs 518.36 crore, V Srinivas – Rs 9.58 crore, and G Ramakrishna – Rs 3.83 crore.
ICICI Bank Unveils UPI Integration for RuPay Credit Cards: A Digital Payment Milestone
This collaboration, established in partnership with the National Payments Corporation of India (NPCI), was officially announced on December 1, 2023. The integration is a strategic move to enhance the convenience of digital transactions for ICICI Bank customers.
Free Forever: Discovering 2023’s Top Lifetime Fee-Free Credit Cards
The concept of lifetime free credit cards with zero annual and joining fees has become increasingly popular in 2023, especially in India. These credit cards offer various benefits without the burden of annual or joining fees.
Empowering Women Farmers: Walmart Foundation’s $1.2 Million Grant to Transform Rural India
The Walmart Foundation recently announced a significant grant of $1.2 million (approximately Rs 10 crore) to the Transform Rural India Foundation (TRIF). This grant is a strategic investment aimed at enhancing the livelihoods of 15,000 women rural farmers in Uttar Pradesh, India, with a focus on increasing their average base income.
Indian Railways and MNCs Collaborate to Deploy Kavach: A New Era of Train Safety
By FY26, the deployment of Kavach is expected to increase to 5,000 km per year. By March 2025, major corridors like the Delhi-Mumbai and Delhi-Howrah routes, covering about 3000 Rkm, are slated for Kavach implementation. Additionally, the railway ministry plans to create Detailed Project Reports for an additional 6000 Rkm.
Gautam Adani’s Vision: Transforming Infrastructure with $84 Billion
The group may look at public issues of bonds from February 2024. Adani Green Energy and Adani Transmission might issue Regulation-S and Regulation-D bonds in 2024. Adani Green Energy needs to raise $350 million to refinance existing debt maturing in December 2024.
Noida’s New Tech Milestone: Dixon’s ₹256 Crore Investment for Xiaomi Production
: Dixon Technologies has invested ₹256 crore in setting up the new facility in Noida, which is expected to have an annual production capacity of 25 million units.
OMBADC’s Big Push: Rs 18,000 Crore Allocated for 60 Projects in Odisha
The Odisha government has sanctioned 60 projects, amounting to over Rs 18,000 crore, funded by the Odisha Mineral Bearing Area Development Corporation (OMBADC) till October 2023.
From Wall Street to Dalal Street: U.S. Pension Fund’s Shift Brings Billions to Indian Markets
Nine new Indian stocks have been added to the MSCI Global Standard index as part of its quarterly review and rebalancing, which includes major companies like IndusInd Bank, Suzlon Energy, and Tata Motors.