Business

AIIB Takes Lead in Rs 2.5k Crore Funding for Mahindra-OTPP’s Green InvIT

Asian Infrastructure Investment Bank (AIIB) is set to spearhead a fundraising round worth Rs 2,500 crore for the Sustainable Energy Infrastructure Investment Trust (InvIT) supported by the Mahindra Group. In this initiative, various domestic institutional investors (DIIs) will also be...

Tata Power Secures Rajasthan Transmission Project

Tata Power has emerged victorious in the bid for the Bikaner-III Neemrana-II Transmission project, a Special Purpose Vehicle (SPV) established by PFC Consulting, a subsidiary of Power Finance Corporation. The estimated cost of the project is ₹1,544 crore, with a...

LIC To Open New Branch Office In GIFT City

  In a strategic move, the Life Insurance Corporation (LIC), often referred to as an insurance behemoth, has taken the decision to open a branch office at GIFT City, the sole operational International Financial Services Centre (IFSC) in the country....

Israel Grants Intel $3.2 Billion for $25 Billion Chip Plant Amid Ongoing Conflict

Israel's government has approved a substantial $3.2 billion grant for Intel Corp.'s ambitious plan to construct a $25 billion chip plant in southern Israel. This marks the largest investment ever made by a company in Israel, showcasing significant support amid...

PLI Schemes Drew Rs 95,000 Cr Investments By September 2023: Centre

  The production-linked incentive (PLI) schemes introduced by the Indian government have emerged as a key driver for attracting investments and boosting manufacturing across various sectors. As of September this year, these initiatives have garnered an impressive Rs 95,000 crore...

Coca-Cola Scores a Victory Lap: Secures 8-Year Partnership with ICC as Global Cricket Partner

Cricket fans, raise a glass of your favorite Coca-Cola beverage! The iconic brand has cemented its long-standing relationship with the sport, signing an eight-year deal as the global partner of the International Cricket Council (ICC) until the end of 2031....

LIC Granted Extension till 2032 to Achieve 25% Public Shareholding

Shares of the leading state-run insurer LIC surged to a new 52-week high on December 22 following a significant development. The Ministry of Finance has granted a one-time exemption to Life Insurance Corporation of India (LIC) regarding the 25% Minimum...

Govt Reports a Decline In Agriculture’s GDP Share To 15% In FY23

  India's economic landscape has witnessed a significant transformation over the past few decades, marked by a notable decline in the share of agriculture in the Gross Domestic Product (GDP). According to recent government data, the share of agriculture in...

India’s Thermal Coal Imports from the US Reach Over Two-Year High in November

In November, India experienced a notable surge in long-haul thermal coal imports, with shipments from the United States peaking at 1.40 million tonnes (MT), marking the highest level in over a year. The information comes from energy intelligence firm Kpler,...

Razorpay, Cashfree Secure RBI Approval To Operate As Payment Aggregators

  Payment processing giants Razorpay and Cashfree have received the final authorization from the Reserve Bank of India (RBI) to operate as Payment Aggregators (PAs). This significant development comes after a year-long pause in onboarding new merchants, in compliance with...