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Daily Archives: December 2, 2023

iDEX-DIO Marks 300th Contract For Gallium Nitride Semiconductor Development

iDEX-DIO Marks 300th Contract For Gallium Nitride Semiconductor Development

December 2, 2023

  The Innovations for Defence Excellence (iDEX), the flagship initiative by the Department of Defence Production, has marked its 300th contract signing. The contract focuses on the design and development of advanced Gallium Nitride Semiconductors, crucial for the next generation of wireless transmitters in defence applications. Indigenous GaN Technology: A Paradigm Shift in Defence Capability …

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PM Modi Launches LeadIT 2.0, Focusing On Inclusive Industry Transition

PM Modi Launches LeadIT 2.0, Focusing On Inclusive Industry Transition

December 2, 2023

  On the sidelines of the 28th edition of the climate change conference, COP28, taking place in Dubai, Prime Minister Narendra Modi unveiled LeadIT 2.0 on Friday. The initiative, with a primary focus on an inclusive and just industry transition, aims to facilitate the co-development and transfer of low-carbon technology while providing financial assistance to …

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Ruturaj Gaikward becomes the fastest Indian to 4,000 T20 runs

Ruturaj Gaikwad Becomes the Fastest Indian to Score 4,000 Runs in Men’s T20

December 2, 2023

Ruturaj Gaikwad, the talented Indian cricketer, has achieved a remarkable milestone in men’s T20 cricket. In the fourth T20I against Australia at the Shaheed Veer Narayan Singh International Stadium in Raipur, Gaikwad etched his name in the record books by becoming the fastest Indian to amass 4,000 runs in the shortest format of the game. …

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Actis Unit BluPine Buys Acme Solar Assets for EV of ₹1,700 cr

Actis Unit BluPine Buys Acme Solar Assets for EV of ₹1,700 cr

December 2, 2023

London-based private equity firm Actis Llp has announced the successful acquisition of Kolkata-based Atha Group’s 404MW solar power assets by its portfolio company, BluPine Energy. The deal, valued at around ₹2,100 crore, reinforces Actis’ commitment to driving India’s energy transition and expanding BluPine’s renewable energy capabilities. Key Deal Details BluPine Energy, a subsidiary of Actis …

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UAE Unveils $30 Billion Fund For Global Climate Solutions At COP28

UAE Unveils $30 Billion Fund For Global Climate Solutions At COP28

December 2, 2023

  The United Arab Emirates, playing host to COP-28, has made a groundbreaking commitment of US$30 billion to ALTERRA, a climate initiative by Lunate, the world’s largest private climate investment vehicle. This privately managed fund aims to mobilize a staggering US$250 billion globally by 2030, focusing on climate investments to reshape emerging markets and developing …

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India Navy appointed first woman commanding officer in naval ship

India Navy appointed first woman commanding officer in naval ship

December 2, 2023

In a groundbreaking move aligning with the philosophy of ‘all roles-all ranks,’ the Indian Navy has achieved a historic milestone by appointing its first woman commanding officer for a naval ship. Navy Chief Admiral R Hari Kumar made this announcement during a press conference held ahead of Navy Day. Operational Achievements in the Past Year …

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UPI recorded 11.24 billion transactions worth Rs 17.40 lakh crore

UPI recorded 11.24 billion transactions worth Rs 17.40 lakh crore

December 2, 2023

The Unified Payments Interface (UPI) platform in India has witnessed remarkable growth, breaking records and setting new milestones in recent months. This article delves into the key statistics and trends surrounding UPI transactions, shedding light on the factors driving this surge and offering insights into future projections. The growth of UPI transactions in India is …

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Sheshadri Appointed IDRCL Chair, Incumbent Gupta to Head NARCL

Sheshadri Appointed IDRCL Chair, Incumbent Gupta to Head NARCL

December 2, 2023

Former KPMG managing partner, Narayan Seshadri, is set to assume the role of Chairman at IDRCL, the government-backed bad bank, following the resignation of Diwakar Gupta. Gupta, in turn, is expected to take over as Chairman of NARCL. This leadership shift aims to expedite the resolution of bad loans, a process that has faced challenges …

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