Business

STPI Launches LEAP AHEAD Initiative For Startups to get Access to Investment, Mentorship & Global Connect

Introduction The Ministry of Electronics & Information Technology (Meity) Secretary, Shri S Krishnan, recently launched the LEAP AHEAD initiative, a collaborative effort between the Software Technology Parks of India (STPI) and The Indus Entrepreneurs (TiE) Delhi-NCR. This initiative aims to...

Cotton Production Expected to Decline by 6% This Year

The cotton industry in India faces challenges in the upcoming season due to factors like pink bollworm infestation and insufficient monsoon rains. The Committee on Cotton Production and Consumption recently estimated a 6% decrease in cotton production for the 2023-2024...

Sephora ties up with Reliance Retail Ventures to transform India’s beauty retail segment

Sephora, a well-known global beauty retailer, has teamed up with Reliance Beauty & Personal Care Limited, a subsidiary of Reliance Retail Ventures Limited (RRVL), to grow and redefine the future of luxury beauty retail in India. This partnership grants RRVL...

Mundra Becomes India’s First Port To Handle 16.1 Million Tonnes Of Cargo

Introduction Mudra Port, the flagship of Adani Ports and Special Economic Zone (APSEZ), continues to break records in India’s maritime industry. With its strategic location, superior infrastructure and consistent growth, the port has achieved remarkable milestones, including handling over 16.1...

IndiaFirst Life Becomes the First Life Insurance Company to Obtain GIFT City IFSC Registration

IndiaFirst Life, a Mumbai-based life insurance company, has achieved a significant milestone by becoming the first life insurance company to secure registration within the GIFT City International Financial Services Centre (IFSC). This registration, which was granted following approvals from the...

IOC Acquires Mercator Petroleum For Rs 148 Crore

  The State-owned Indian Oil Corporation (IOC) has acquired Mercator Petroleum Limited (MPL) through an insolvency proceeding. The acquisition, valued at approximately Rs 148 crore, was approved by the National Company Law Tribunal (NCLT) under the relevant provisions of the...

Zurich Insurance Group to Take 51% Stake in Kotak General Insurance

Introduction Zurich Insurance Company is set to make a substantial investment in Kotak General Insurance, marking a significant move in the insurance industry. The Swiss-based Zurich Insurance will acquire a 51% stake in Kotak General Insurance, with plans to increase...

SBI Card Partners With Reliance Retail To Introduce ‘Reliance SBI Card’

  SBI Card, one of India's leading credit card issuers, has joined hands with Reliance Retail to introduce the co-branded Reliance SBI Card, a lifestyle-focused credit card aimed at revolutionizing the shopping experience for customers. This partnership allows cardholders to...

Swan Energy pays ₹231 cr to acquire Reliance Naval and Engineering

Swan Energy, a Mumbai-based conglomerate, recently acquired Reliance Naval and Engineering through its special purpose vehicle, Hazel Infra, solidifying its position in the commercial and naval defence vessel manufacturing and ship repairing segments. The move aligns with the government's Atmanirbhar...

Tata to Become India’s First iPhone Manufacturer as Wistron Approves Factory Sale

The Tata Group has taken a significant step towards manufacturing and assembling Apple iPhones in India for both domestic and international markets. This move follows the acquisition of Wistron's operations in India, marking a groundbreaking development in the Indian electronics...