The recent Union Budget announcement by Finance Minister Nirmala Sitharaman has set the stage for a significant transformation in India’s water management and irrigation sectors. With the Department of Water Resources, River Development, and Ganga Rejuvenation witnessing a substantial budget increase of 55% to Rs 30,233.83 crore, there is a renewed focus on enhancing flood …
On July 30, 2024, Thomas Cook (India) Limited, a leading provider of foreign exchange services, teamed up with the National Payments Corporation of India (NPCI) to introduce its first RuPay prepaid forex card for Indian travellers heading to the UAE. The card, powered by NPCI’s technology partner CARD91, is part of RuPay, India’s domestic card …
On July 30, 2024, One 97 Communications Limited (OCL), the company behind Paytm, introduced India’s first ‘Paytm NFC Card Soundbox.’ This new payment device uses NFC technology and mobile QR codes, providing a cost-effective way for offline merchants to accept card payments. Paytm’s new NFC Card Soundbox represents a major step forward in mobile payments. …
On July 30, 2024, Tata Consultancy Services Limited (TCS) announced a three-year contract to enhance IT infrastructure and cybersecurity services for Follett Higher Education, a leading college store operator in North America. This partnership aims to upgrade Follett’s IT systems to better support its innovative academic and retail services across US and Canadian colleges and …
On July 30, 2024, RattanIndia Enterprises Limited announced that its electric mobility arm, Revolt Motors, has received official approval from the Ministry of Heavy Industries to qualify for the Government of India’s Electric Vehicle (EV) subsidy schemes. This development marks a significant milestone for Revolt Motors as it resolves all previous issues related to the …
The stock price of Janus Corporation Ltd skyrocketed today, climbing 20% to reach its upper circuit limit at Rs 10.27 per share. This marks a significant increase from the previous closing price of Rs 8.56. The surge in share price was accompanied by a dramatic five-fold increase in trading volume on the BSE. The stock …
On July 30, 2024, L&T Technology Services announced that it has partnered with PS Technology, a Union Pacific Railroad subsidiary, to advance rail simulation technology. They have signed a Memorandum of Understanding (MoU) to develop and supply AI-based simulation tools. This partnership aims to boost the efficiency and safety of rail systems in India and …
State-run Power Grid Corporation of India is planning a substantial undersea interconnection project worth up to ₹40,000 crore with countries in the Middle East. This ambitious venture comes as the company grapples with a subdued June quarter, where revenues remained almost stagnant. Chairman and Managing Director R K Tyagi anticipates a modest topline growth of …
The Aditya Birla Group has unveiled its latest venture, Indriya, marking its entry into the highly competitive Indian jewellery market. This strategic move positions the conglomerate to compete with established giants like Tata Group’s Tanishq and Reliance’s Reliance Jewels. With a substantial investment of 5,000 crore, the Aditya Birla Group aims to rapidly expand Indriya’s …
Tata Steel Limited has announced a substantial investment of USD 875 million (approximately ₹7,324.41 crore) in its wholly-owned subsidiary, T Steel Holdings Pte. Ltd (TSHP). This investment, made through the acquisition of 557,32,48,408 equity shares, solidifies Tata Steel’s complete ownership of TSHP. This strategic move aligns with the company’s broader financial strategy and is aimed …
