Business

TCS Joins UPM for IT Overhaul in Nordic Region

Tata Consultancy Services (TCS) has secured a significant IT transformation deal with UPM, a Finland-based company specializing in sustainable materials. This strategic partnership aims to modernize UPM’s IT infrastructure, focusing on cloud migration, digital transformation, and improving operational efficiency. TCS...

Tata Elxsi & Garuda Aerospace to Boost India’s UAV Sector

In a major step towards boosting India’s self-reliance in unmanned aerial vehicle (UAV) technology, Tata Elxsi and Garuda Aerospace have partnered to establish a Centre of Excellence for drone design, engineering, and certification. The Memorandum of Understanding (MoU) was signed...

Reliance Unveils ‘Spinner’ Sports Drink with Muralitharan

Reliance Consumer Products Ltd (RCPL), the FMCG arm of Reliance Industries, has entered the sports hydration drink segment with its new brand, Spinner. Co-created with Sri Lankan cricket legend Muttiah Muralitharan, Spinner aims to provide an affordable and effective hydration...

India Sets New HS Codes for GI-Tagged Rice Exports

In a significant move to bolster the export of Geographical Indication (GI)-recognized rice varieties, India is developing new Harmonized System of Nomenclature (HSN) codes. This initiative aims to streamline the export process for unique rice types such as Red Rice,...

Govt Adds 10 New Commodities to e-NAM for Better Market Access

The Indian government has expanded the scope of the National Agriculture Market (e-NAM) by adding 10 new agricultural commodities for trading. With this inclusion, the total number of commodities on the e-NAM platform has reached 231. The move is aimed...

India Achieves 100 GW Solar Power Capacity

India has achieved a major milestone in its renewable energy journey by reaching 100 gigawatts (GW) of installed solar power capacity. This achievement is a crucial step in the country’s goal of transitioning to cleaner energy sources and reducing its...

Zomato Board Approves Name Change To Eternal Ltd, Unveils New Logo

Food and delivery giant Zomato has announced a major corporate rebranding, renaming itself “Eternal”, effective February 6, 2025. The rebranding marks a significant shift in the company’s vision, consolidating its diverse business verticals under one umbrella. This move comes more...

FIU-IND Imposes ₹9.27 Crore Penalty on Bybit for PMLA Violations

In a significant development for the cryptocurrency industry, the Financial Intelligence Unit of India (FIU-IND) has imposed a hefty ₹9.27 crore penalty on Bybit Fintech Limited, a major virtual digital asset service provider (VDA SP), for violating the Prevention of...

NPCI Implements Stricter UPI Rules from Feb 1, 2025

The National Payments Corporation of India (NPCI) has announced new compliance measures for Unified Payments Interface (UPI) transactions, which will take effect from February 1, 2025. As part of these updates, UPI transaction IDs must now be strictly alphanumeric, with...

Tata Steel Develops India’s First Hydrogen-Transport Pipes

Tata Steel, one of India’s leading steel manufacturers, has announced a groundbreaking achievement in the country’s clean energy sector. The company claims to be the first Indian company to develop hydrogen-compliant pipes designed specifically for transporting hydrogen, a critical step in supporting India’s transition to...