Business

Cabinet Approves Telecom Spectrum Auctions: Reserve Price Set at Rs 96,317.65 Crore

The Cabinet has given its approval for the upcoming telecom spectrum auctions, scheduled to take place later this year. The reserve price for the auctions has been fixed at Rs 96,317 crore. All available spectrum in various bands including 800,...

Tata Group Achieves Historic ₹30 Lakh Crore Market Cap, with TCS Crosses 15 Lakh Crore

Tata Group has made history by becoming the first Indian conglomerate to surpass the ₹30 lakh crore mark in combined market capitalization. This significant achievement is driven by strong performances from key subsidiaries, including Tata Consultancy Services (TCS), Tata Motors,...

Adani Group’s $1.2 Billion Copper Plant Boosts India’s Metal Independence for Energy Transition

The Gautam Adani-led Adani Group is constructing the world's largest single-location copper manufacturing plant in Mundra, Gujarat. This $1.2 billion facility, set to commence its first phase operations by March-end, aims to reach a full-scale production capacity of 1 million...

Government Boosts Sovereign Gold Bond Issuance to 3,500 Crore in Fiscal Year 2024-25

In a strategic move, the Indian government has decided to substantially increase the issuance of Sovereign Gold Bonds (SGB) for the upcoming fiscal year. The allocation for SGBs has been more than doubled, rising from ₹1,500 crore in the financial...

FICCI and DPIIT Host PM GatiShakti Summit For Efficient Logistics, Integrated Planning

The PM GatiShakti Summit, a collaboration between the Federation of Indian Chamber of Commerce & Industry (FICCI) and the Department for Promotion of Industry and Internal Trade (DPIIT), unfolded in New Delhi, marking a significant milestone in India’s infrastructure development...

India’s First Beachside Startup Fest In Mangalore On Feb 16

The first-ever Mangalore Beachside Startup Fest is set to unfold from February 16th to 18th, marking a significant milestone in the region's entrepreneurial landscape. With a focus on nurturing and promoting nascent ventures, this event promises to be a catalyst...

Toyota Retains its Position as the World’s Top-Selling Automaker in 2023

Toyota, the renowned Japanese automaker, has once again secured its position as the world's top-selling automaker in 2023. This achievement underscores Toyota's continued dominance in the global automotive market and its commitment to innovation, quality, and customer satisfaction. Toyota's Market...

Air India Fined Rs 1.1 Crore by Regulator For Safety Rule Violation

  Air India, a subsidiary of the Tata Group, incurred a hefty fine of Rs 1.1 crore from the Directorate General of Civil Aviation (DGCA), the country's aviation regulator, for safety breaches. This penalty was imposed following a pilot's report...

Krutrim, Ola Founder’s AI Start-Up Emerges As India’s First AI Unicorn

  In a groundbreaking move for the Indian tech landscape, Bhavish Aggarwal, the visionary behind Ola, has successfully raised $50 million for his latest venture, Krutrim. This AI start-up, positioned at the forefront of cutting-edge technology, is set to revolutionize...

Cabinet Approves Rs 8,500 Crore Viability Gap Funding Scheme For Coal Gasification

  The Union Cabinet, on January 24, 2024, gave the green light to a groundbreaking Viability Gap Funding (VGF) scheme, allocating Rs 8,500 crores for Coal Gasification Projects. This strategic move is a pivotal step towards realizing the government's ambitious...