Lloyds Metals and Energy Limited (LMEL) has achieved a significant milestone in the Gadchiroli District of Maharashtra, where they successfully installed and commenced operations at a Direct Reduced Iron (DRI) manufacturing facility with a rated capacity of 70,000 Tons Per Annum (TPA) using a 4MW Waste Heat Recovery Boiler (WHRB)-based power plant. Remarkably, the company …
Bank of Maharashtra (BoM) has entered into a significant Memorandum of Understanding (MoU) with the Indian Renewable Energy Development Agency (IREDA). This collaboration aims to promote and facilitate co-lending and loan syndication for a wide range of Renewable Energy projects throughout the country. The MoU encompasses various services, including providing co-lending and co-origination support for …
Tomas Cook (India) Limited offers a broad range of services including Foreign Exchange, and has made a significant announcement by the company today. As detailed in the official report, Thomas Cook India introduced Forex services through WhatsApp, becoming the pioneer in India to provide comprehensive Foreign Exchange Services through this widely used platform, ensuring customers …
On 2nd August 2021, Indian Prime Minister Narendra Modi announced the launch of the E-Rupi voucher as a way to revolutionize digital payment mechanisms and aid in the COVID-19 vaccination drive. This led to a rise in questions about the utilization and necessity of the United Payments Interface (UPI) system’s utilization and necessity in the …
TVS Motor Company has announced India’s first-ever electric two-wheeler racing championship, in collaboration with TVS Racing. This pioneering initiative is a significant step forward for motorsports in India and reaffirms TVS Motor Company’s commitment to sustainable mobility. It is the first Indian manufacturer to foray into the world of EV moto racing. The championship will …
In a dazzling maritime spectacle, the formidable Indian Naval Ships Ranvijay and Kavaratti, accompanied by the stealthy submarine INS Sindhukesari, have made a grand entrance into the vibrant city-state of Singapore. Their mission? To engage in the thrilling 30th edition of the Singapore-India Maritime Bilateral Exercise, affectionately known as SIMBEX. This annual naval extravaganza is …
Droneacharya Aerial Innovations Limited, a prominent drone-related solution provider company that provides a high-end ecosystem, has made a significant announcement regarding the franchise deal signed by the company. As detailed in the official report, Droneacharya recently entered into a franchise agreement with Wollstone Capital SA, a Switzerland-based private investment holding company. The primary objective of …
Infosys, the second-largest IT company in terms of market capitalization and a prominent player in next-gen digital services, has revealed an extended strategic partnership with NVIDIA. The shared objective is to assist enterprises across the globe in achieving increased productivity through the implementation of generative AI applications and solutions. The expanded partnership will introduce the …
On September 19, 2023, the Telecom Regulatory Authority of India (TRAI) issued recommendations for the “Rationalization of Entry Fee and Bank Guarantees” in the telecom sector. This initiative came in response to a reference made by the Department of Telecommunication (DoT) on March 3, 2022, seeking the rationalization of entry fees and bank guarantees associated …
An Overview The Central Bank stated that it has retained the Srei Infrastructure Finance Limited (SIFL) and Srei Equipment Finance Limited Advisory Committees (SEFL). The RBI created a three-member Advisory Committee on October 4 to help Rajneesh Sharma, Administrator of Srei Infrastructure Finance Limited (SIFL) and Srei Equipment Finance Limited (SEFL), in carrying out his …
