Business

EU-India Collaboration: Driving Innovation in EV Battery Recycling

The European Union (EU) and India have embarked on a collaborative effort to nurture startups in the field of Electric Vehicle (EV) battery recycling. This initiative is a direct outcome of the India-EU Trade and Technology Council (TTC) announced in...

RBI Takes Regulatory Actions Regarding NBFCs’ Registration

In a recent announcement, the Reserve Bank of India (RBI) has made significant regulatory decisions regarding the registration of non-banking finance companies (NBFCs). The RBI has cancelled the registration certificates of four NBFCs and has received voluntary surrender of licenses...

Star Health Insurance and PhonePe Partnership: Revolutionizing Health Insurance Access

Star Health Insurance, a leading provider of retail health insurance in India, has collaborated with PhonePe, a prominent digital payments platform. This partnership aims to make quality health insurance accessible through PhonePe's app, offering the Star Comprehensive Insurance Policy with...

India to Build First Commercial Crude Oil Strategic Storage

India aims to bolster its strategic petroleum reserves (SPRs) by constructing its first privately managed storage facility in partnership with a private company by 2029-30. Private Management and Trading Freedom India plans to establish its inaugural privately managed strategic petroleum...

PepsiCo’s Investment in Ujjain: A Game-Changer for Madhya Pradesh

In a significant move, PepsiCo India announces a massive investment of ₹1,266 crore to establish a cutting-edge flavour manufacturing facility in Ujjain, Madhya Pradesh. Scheduled to commence operations in the first quarter of 2026, this plant marks a pivotal moment...

Tata Tech-BMW Joint Venture for Auto Software and Business IT Solutions

Tata Technologies and BMW Group have inked a partnership to establish an automotive software and IT development center in Chennai, Pune, and Bengaluru. With Chennai's prominence in housing IT solution hubs for auto giants like Visteon, Ford, and Renault Nissan,...

UPI Ends FY24 with Record Transactions Worth ₹199 Lakh Crore

Unified Payments Interface (UPI) concluded FY24 on a remarkable note, achieving new milestones in transaction volume and value during March 2024. Despite a slight dip in February 2024 due to fewer days in the month and increased investment activity ahead...

Microsoft and OpenAI Unveil $100 Billion ‘Stargate’ AI Supercomputer

In a groundbreaking collaboration, tech giants Microsoft and OpenAI have revealed plans to construct an unprecedented artificial intelligence supercomputer known as "Stargate." This ambitious endeavor, estimated to cost a staggering $100 billion, represents a significant leap forward in AI infrastructure...

Government e Marketplace (GeM) Achieves ₹4 Lakh Crore GMV, Plans Expansion

The Government e Marketplace (GeM) has witnessed a remarkable growth, doubling its Gross Merchandise Value (GMV) to ₹4-lakh crore in fiscal year 2023-24. CEO P K Singh announced plans for potential expansion, including opening the portal for consumer use and...

India Attracts Highest Foreign Funds in Asia, Domestic Buying at 4-Year High

In March 2024, Foreign Institutional Investors (FIIs) pumped a massive $3.63 billion into Indian equities, their biggest buying spree since December 2023. This made India the top destination for foreign funds among Asian markets. Domestic Institutions Join the Buying Frenzy...