Business

NTPC and ONGC Drive India’s Green Energy Future with New Joint Venture

NTPC Limited and Oil and Natural Gas Corporation (ONGC), two Maharatna public sector giants, have officially launched a 50:50 Joint Venture Company (JVC) through their green energy subsidiaries – NTPC Green Energy Ltd. (NGEL) and ONGC Green Energy Ltd. (OGL)....

UPI Transactions Reach Record High in October with Rs 23.5 Trillion in Value

In October 2024, India witnessed a record-breaking surge in digital transactions, propelled by the Unified Payments Interface (UPI), Immediate Payment Service (IMPS), FASTag, and the Aadhaar Enabled Payment System (AePS). The increased adoption of these platforms highlights India’s ongoing shift...

Jio Financial and BlackRock Form Joint Ventures for Mutual Funds

On October 28, 2024, Jio Financial Services Ltd (JFSL) and BlackRock Inc. officially announced the incorporation of two joint venture companies, Jio BlackRock Asset Management Private Limited and Jio BlackRock Trustee Private Limited, to enter the mutual fund sector in...

Jio Financial Services Launches SmartGold for Convenient Digital Gold Investments

Jio Financial Services Limited (JFSL) has introduced SmartGold, a digital gold investment platform, allowing customers to invest in 24-karat physical gold through the JioFinance app. This offering aligns with the company's broader strategy to enhance financial services accessibility during the...

IndusInd Bank &Tata Power: Financing Solar for MSEs

IndusInd Bank has partnered with Tata Power Renewable Energy Limited (TPREL) to provide collateral-free solar financing solutions for Micro and Small Enterprises (MSEs) in India. This strategic alliance aims to facilitate easy access to solar energy financing, promoting sustainability and...

GAIL and VERBIO India Partner to Advance Agricultural Residue-based CBG Projects

GAIL (India) Limited and VERBIO India have signed a Memorandum of Understanding (MoU) to jointly develop agricultural residue-based compressed biogas (CBG) projects in India. This collaboration aims to turn agricultural waste into renewable energy, aligning with India’s climate objectives and...

Solex Energy Partners with SBI for Solar Project Financing

Solex Energy has partnered with the State Bank of India (SBI) to provide financing options for solar projects, targeting commercial, industrial, and institutional customers. Under this collaboration, SBI will offer loans up to ₹10 crore through its Surya Shakti Solar...

Nvidia Overtakes Apple A New Leader in Market Value

Nvidia has officially dethroned Apple as the world’s most valuable company, achieving this milestone on Friday after a remarkable surge in its stock price driven by soaring demand for its cutting-edge supercomputing AI chips. At one point, Nvidia's market value...

Airbus Launches State-of-the-Art Headquarters and Training Centre in India

Airbus has inaugurated its new India and South Asia Headquarters and Training Centre, marking a significant investment in the Indian aerospace sector. Located in the National Capital Region (NCR), this facility is poised to play a key role in training...

Reliance and Nvidia Partner to Build AI Infrastructure in India

Mukesh Ambani's Reliance Industries has teamed up with US chipmaker Nvidia to establish AI infrastructure in India, announced during the Nvidia AI Summit 2024 in Mumbai. This collaboration aims to position India as a leading intelligence market, with plans to...