Business

KVIC launches ‘Khadi Sanatan Vastra’ from its flagship store in CP, New Delhi

The Khadi and Village Industries Commission (KVIC) has recently unveiled a new clothing range called ‘Sanatan Khadi Vastra’ at its flagship store in Connaught Place, New Delhi. This launch aligns with the broader vision of promoting Khadi as a symbol...

LIC overtakes SBI to become the most valuable PSU

In a significant turn of events, the Life Insurance Corporation of India (LIC) has not only staged an impressive comeback but has also surpassed the market capitalization of the State Bank of India (SBI). This article explores the recent surge...

Government Reduces Windfall Tax on Crude Oil Amid Global Economic Concerns

In response to the evolving dynamics of the global oil market, the Indian government has decided to slash the windfall tax on domestically-produced crude oil, effective January 16. The tax, levied as the Special Additional Excise Duty (SAED), has been...

Centre Introduces New Rules To Boost Ease Of Business In Green Energy Sector

  In a pivotal move for industry, especially in green energy, the government has introduced rules to expedite energy storage establishment and enhance energy security. Notably, specific consumers can now operate dedicated transmission lines without a license, a privilege previously...

Tata Consumer Products Acquires 100% Stake in Capital Foods for ₹5,100 Crore

Tata Consumer Products Ltd (TCPL), on January 12, revealed its plans to acquire a 100% stake in Capital Foods, renowned for brands such as 'Ching’s Secret' and 'Smith & Jones,' for a substantial ₹5,100 crore. The strategic acquisition is structured...

LIC Approves Acquisition of 10% Stake in NHB-Promoted Company

In a recent regulatory filing, Life Insurance Corporation of India (LIC) announced its board's approval to acquire up to 10% stake in a new company promoted by the National Housing Bank (NHB). The investment is targeted towards residential mortgage-backed securities...

PFC Secures RBI Approval for IFSC Finance Company in GIFT City

In a positive development, Power Finance Corporation (PFC) witnessed a nearly one percent surge in early trade on January 10, following the green light from the Reserve Bank of India (RBI) to establish a finance company within Gujarat's GIFT City,...

Microsoft’s ‘AI Odyssey’ to Upskill 100,000 Indian Developers: Boosting AI Talent in India

Microsoft India has unveiled the 'AI Odyssey' initiative, aiming to train 100,000 Indian developers in the latest AI technologies. Emphasizing AI as the future of innovation, Microsoft underscores India's leadership in tech talent. The program seeks to equip developers with...

Government to Invest 60,000 Cr in River Cruise Tourism and Green Vessels

Union Minister Sarbananda Sonowal announced a significant government investment of Rs 60,000 crore by 2047 in the development of river cruise tourism and eco-friendly vessels. This initiative aims to boost tourism, enhance water transport, and create employment opportunities. Investment Breakdown...

Vietnam Invests $2 Billion In Tamil Nadu EV Facility

  Vietnamese electric vehicle giant VinFast Auto Ltd made a significant announcement on Sunday, revealing plans to establish an integrated electric vehicle facility in the Indian state of Tamil Nadu. With an eye on breaking into the world’s third-largest automobile...