Business

Kotak Mahindra Bank Partners with IITK to Launch Kotak School of Sustainability

In a significant step towards addressing the pressing issues of global warming and promoting sustainability education, research and outreach, the Indian Institute of Technology Kanpur (IIT) and Kotak Mahindra Bank Limited (KMBL) have joined forces to establish the Kotak School...

Fuel Price Cut Anticipation Grows as Global Crude Oil Slips Below $80/bbl

The call for a reduction in retail prices for petrol and diesel has intensified as international crude oil prices recently dropped below $80 per barrel, stabilizing in the $76-77 range. This demand is backed by the robust performance of oil...

NPS Assets Surge to ₹10.7 Lakh Crore with Impressive 16.94% Equity Returns

In a remarkable display of financial prowess, India's National Pension System (NPS) has witnessed a substantial growth in assets, reaching a new milestone of ₹10.7 lakh crore as of December 9, 25.95% higher than the previous year. Bolstered by a...

BEL Receives Orders Worth Rs.4878 Crores from Indian Army

Bharat Electronics Limited (BEL), a Navratna Defence Public Sector Undertaking, has recently clinched a significant order worth Rs.4,522 crore from the Indian Army. The order, pertaining to the supply of fuses for various calibres, is a testament to BEL’s continued...

SBI Ventures into Paper Packaging with ₹49.99 Crore Investment in Canpac Trends

State Bank of India (SBI) has recently made a strategic move into the paper packaging industry by investing ₹49.99 crore in Canpac Trends Private Limited, an Ahmedabad-based company specializing in paper-based packaging solutions. Transaction Details In an exchange filing, SBI...

ADB Allocates $200M To Improve Sanitation In 100 Indian Cities And Boost Waste Management

  The Asian Development Bank (ADB) has taken a significant stride in fostering sustainable urban development by approving a USD 200 million loan to bolster the Swachh Bharat (Clean India) Mission-Urban 2.0. This initiative, committed to making all cities garbage-free...

Directorate General of Civil Aviation grants licence for Ayodhya Airport

In a significant development, the Directorate General of Civil Aviation (DGCA) has granted an aerodrome license for the Ayodhya Airport, paving the way for its inaugural flight on December 30. Developed by the Airports Authority of India (AAI) at a...

India’s E-Retail Market Estimated to Cross USD 160 Billion by 2028: Report

The e-retail market in India is poised for substantial growth, with a report by Bain & Company in collaboration with Flipkart projecting a surge past the USD 160 billion mark by 2028. The report highlights key factors contributing to this...

HCCB Signs MoU with Gujarat government for ₹3,000-cr Juice & Aerated Beverages facility in Rajkot

Hindustan Coca-Cola Beverages (HCCB) has inked a significant Memorandum of Understanding (MoU) with the Government of Gujarat, indicating a massive investment of Rs.3000 crore. This strategic move showcases HCCB’s dedication to establishing a cutting-edge manufacturing facility for juices and aerated...

Tata Steel to Invest ₹100 Cr. in Centre for Innovation in London

Tata Steel, a global steel leader, as embarked on a groundbreaking collaboration with Imperial College London to establish the Centre for Innovation in Sustainable Design and Manufacturing in London. This Memorandum of Understanding signifies a strategic partnership aimed at accelerating...