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Monthly Archives: May 2024

Adani Defence and EDGE Group Forge Global Defence Partnership

Adani Green Energy Secures $400 Million Finance for Solar Projects

Adani Green Energy Ltd (AGEL) has successfully obtained a $400 million finance package from a consortium of five international banks to support its ongoing solar projects in Gujarat and Rajasthan. These projects, totaling 750 MW in capacity, are slated to commence operations from November 2024 onwards. Project Details One of the projects, located in Rajasthan, …

Solomon Islands Elects Pro-China Leader Jeremiah Manele as New Prime Minister

Solomon Islands Elects Pro-China Leader Jeremiah Manele as New Prime Minister

In a significant political development, the Solomon Islands has elected former Foreign Minister Jeremiah Manele as its new prime minister, indicating that the South Pacific island nation is likely to maintain close ties with China. Manele’s Victory and Promises Jeremiah Manele secured 31 votes in a secret ballot involving 49 lawmakers, defeating opposition leader Matthew …

NPCI Partners with Bank of Namibia to Develop UPI-Like Instant Payment System

NPCI Partners with Bank of Namibia to Develop UPI-Like Instant Payment System

In a groundbreaking move, NPCI International Payments Limited (NIPL) has joined hands with the Bank of Namibia (BoN) to introduce a real-time payment system akin to India’s Unified Payment Interface (UPI) in Namibia. This partnership marks NPCI’s first collaboration with a central bank for deploying the UPI stack in an international market, aiming to revolutionize …

Adani Green Energy Secures $400 Million Financing for 750 MW Solar Projects

Adani Green Energy Secures $400 Million Financing for 750 MW Solar Projects

Adani Green Energy Ltd (AGEL) has successfully secured USD 400 million financing from a consortium of five leading international banks for its 750 MW solar projects in Rajasthan and Gujarat. The financing will support the construction of these projects, expected to come online from November 2024 onwards. Project Details Rajasthan Project: A 500 MW capacity …

Micron's Venture in India: Rollout of First India-Made Chips

Micron’s Venture in India: Rollout of First India-Made Chips

Micron India’s Sanand unit gears up to unveil its inaugural batch of domestically manufactured semiconductor chips in 2025, with a focus on global exportation. Anand Ramamoorthy, the managing director, underscores the burgeoning global demand, strategic partnerships, and the diverse applications spanning various sectors, notably emphasizing agility and the scarcity of talent in niche domains such …

Former BharatPe COO Dhruv Bahl Launches Eternal Capital VC Fund

Former BharatPe COO Dhruv Bahl Launches Eternal Capital VC Fund

In the dynamic landscape of Indian startups, former BharatPe COO Dhruv Dhanraj Bahl steps into the world of venture capital with the launch of his maiden fund, Eternal Capital, with a substantial corpus of Rs 240 crore, including a greenshoe option. Thesis-Led Investment Approach Bahl emphasizes a thesis-led investment approach, targeting companies poised to shape …

ICC Imposes Five-Year Ban on West Indies Cricketer Devon Thomas for Anti-Corruption Breaches

ICC Imposes Five-Year Ban on West Indies Cricketer Devon Thomas for Anti-Corruption Breaches

The International Cricket Council (ICC) has taken strong action against West Indies player Devon Thomas by imposing a five-year period of ineligibility from all cricket after he admitted to breaching multiple anti-corruption codes. Breach of Anti-Corruption Codes Thomas accepted breaching seven counts of the anti-corruption codes of Sri Lanka Cricket (SLC), the Emirates Cricket Board …