Business

Adidas to set up its first Asia GCC outside China in Tamil Nadu

Adidas, the renowned athletic footwear and apparel giant, is making strategic moves to enhance its global operations by establishing its first and only Global Capacity Centre (GCC) in Asia outside of China. This significant development underscores the growing trend of...

Vodafone Idea Director P Balaji Moves to Air India

In a significant development, P Balaji, Director (Regulatory and Corporate Affairs) at Vodafone Idea, has tendered his resignation, marking the end of his nearly decade-long association with the telecom giant. This move has garnered attention due to Balaji's pivotal role...

SBI Raises $1 Billion from Overseas for ESG Financing Market

State Bank of India (SBI) has successfully secured $1 billion (approximately Rs 8,300 crore) to address the growing demand in the domestic Environmental, Social, and Governance (ESG) financing market. This syndicated social loan issuance comprises $750 million, with an additional...

Reliance Industries Achieves India’s First ISCC-Plus Certification

  Reliance Industries Limited (RIL), the Mumbai-based conglomerate with a diverse portfolio in energy and petrochemical businesses, concluded the year 2023 on a remarkable note. The company achieved a significant milestone by becoming the first in India to produce ISCC-Plus...

Flipkart’s Binny Bansal launches OppDoor

In a significant development, Binny Bansal, co-founder of Flipkart, has ventured into the e-commerce space once again with his latest startup, OppDoor. The startup aims to facilitate the global expansion of e-commerce firms by offering comprehensive end-to-end solutions. The launch...

Ola Electric Becomes First Indian EV Company To Get PLI Nod

India's electric vehicle (EV) landscape is witnessing a groundbreaking development as Ola Electric, the IPO-bound electric scooter company, secures eligibility for the government's Production-Linked Incentive (PLI) scheme. This achievement positions Ola Electric as a key player in the push towards...

India Unveils ‘National Single Window System’ by TCS to Simplify Medical Device Imports

India's Central Drugs Standard Control Organisation (CDSCO) has launched the 'National Single Window System (NSWS),' a unified portal designed by Tata Consultancy Services (TCS) to streamline the import of medical devices. The initiative aims to create a centralized platform for...

ITC Collaborates with Microsoft and Skymet to Shield Tobacco Farmers from Climate Challenges

In a noteworthy alliance, ITC, a prominent Indian conglomerate, has joined forces with Microsoft and Skymet to address the escalating challenges faced by tobacco farmers in India due to climate change. The adverse impacts of climate change on agriculture are...

Rashmi Govil to be Next Director (HR) of IOC

Rashmi Govil, a seasoned HR executive with nearly three decades of experience at Indian Oil Corporation (IOC), is poised to step into the role of Director (Human Resources) at the state-owned firm. Her nomination for the position was recommended by...

Government To Market FCI Rice As Bharat Brand

  In a bid to address the soaring rice inflation, the Government of India is contemplating a strategic move—selling rice under the 'Bharat' brand, a proposal that is currently under consideration. While the discounted rate for this initiative is yet...