Business
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Government Plans to Sell up to 3% Stake in Coal India
The Indian government has announced its intention to sell up to a 3% stake in Coal India Ltd through the offer for sale (OFS) route, according to a recent regulatory filing. The OFS will be open for both retail and...
Published On June 1st, 2023 -
PhonePe: The First Payment App to Link 2 Lakh Rupay Credit Cards to UPI
PhonePe, a Digital payment service provider announced that it has become the first digital payments app to enable the linkage of 2 lakh Rupay credit cards to the Unified Payments Interface (UPI). It has also processed a Total Payment Value...
Published On May 27th, 2023 -
ADB and India Sign $141.12 Million Loan for Industrial Corridor Development in Andhra Pradesh
The Asian Development Bank (ADB) and the Indian government have recently signed a loan agreement worth $141.12 million to support the development of high-quality internal infrastructure in Andhra Pradesh (AP). The funding will be utilized for the construction of roads,...
Published On May 27th, 2023 -
World’s Largest Car Exporter Title Shifts from Japan to China
World's Largest Car Exporter Title Shifts from Japan to China According to data from China's General Administration of Customs, in the first quarter of this year, China exported 1.07 million vehicles, a 58% increase compared to the same period in...
Published On May 23rd, 2023 -
TCS, ITI get ₹15,700 crore advance orders for 1 lakh BSNL 4G sites
In a significant development, Bharat Sanchar Nigam Ltd. (BSNL) has awarded advance purchase orders worth ₹15,700 crore to Tata Consultancy Services (TCS) and ITI Ltd for the deployment of 100,000 4G sites. The long-awaited announcement brings an end to months...
Published On May 23rd, 2023 -
TCS Announces Generative AI Partnership with Google Cloud and New Offering for Enterprise Customers
Tata Consultancy Services (TCS), a leading global IT services company, has expanded its partnership with Google Cloud and unveiled a new offering called TCS Generative AI. This collaboration aims to leverage Google Cloud's generative AI services to develop customized business...
Published On May 23rd, 2023 -
Blackstone acquires International Gemological Institute
Blackstone acquires International Gemological Institute International Gemological Institute (IGI), the world's largest certification player for lab grown diamonds and the second largest certification player for natural diamonds, has been fully acquired by global private equity firm Blackstone. The $535m deal...
Published On May 22nd, 2023 -
Credit Suisse Group AG and UBS Group AG’s proposed merger approved by CCI
Credit Suisse Group AG and UBS Group AG's proposed merger approved by CCI The Competition Commission of India (CCI) has granted approval to the proposed merger of Credit Suisse Group AG and UBS Group AG. UBS Group AG, a Swiss-based...
Published On May 20th, 2023 -
Paytm Launches Paytm SBI Card on RuPay Network with NPCI
Paytm Launches Paytm SBI Card on RuPay Network with NPCI Paytm's parent company, One97 Communications Ltd, has announced a new partnership with SBI Card and the National Payments Corporation of India (NPCI) to launch the Paytm SBI Card on the...
Published On May 19th, 2023 -
Amazon Web Services Announces $12.7 Billion Investment in India’s Cloud Infrastructure by 2030
Amazon Web Services (AWS) has revealed plans to invest $12.7 billion into cloud infrastructure in India by 2030, aiming to meet the increasing demand for cloud services in the country. The investment is projected to contribute $23.3 billion to India's...
Published On May 19th, 2023
