Power Finance Corporation (PFC), a government-owned financial institution, has entered into an agreement with the Japan Bank for International Cooperation (JBIC) to secure a ¥120 billion (approximately ₹6,600 crore) loan for renewable energy initiatives. The agreement, signed on Wednesday, marks the largest green financing deal JBIC has ever executed with an Indian company. Power Finance …
Shakti Pumps shares continued their gaining streak for the 4th consecutive trading session on January 3, 2025, by reaching an all-time high of ₹1,231.80 on BSE. In addition, Shakti Pumps’ share price has grown over 15% in the last 4 trading sessions. On January 3, 2024, the shares of Shakti Pumps opened at ₹1,190.00 and touched the …
The RBI (Reserve Bank of India) has approved HDFC Bank and its group companies to acquire up to a 9.5% stake in Kotak Mahindra Bank, AU Small Finance Bank, and Capital Small Finance Bank. This approval is valid for 1 year until January 2, 2026. Approval for Group Entities In a regulatory filing, HDFC Bank …
The IT sector in India has become a key driver of the country’s economic growth and innovation. Known for its strong service offerings such as software development, IT consulting, and business process outsourcing, India has solidified its position as a global leader in technology solutions. The IT industry is expected to reach US$ 350 billion …
In a significant development, Bandhan Bank announced that the Reserve Bank of India (RBI) has approved the reappointment of Dr. Anup Kumar Sinha as its Non-Executive Chairman. This extension of tenure, from January 7, 2025, to July 4, 2026, underscores the trust in Dr. Sinha’s leadership and the bank’s commitment to sustained growth under his …
Pricol share price dropped by 1.56% to ₹545.10 in early trading on January 3, following the company’s announcement of the divestment of its wiping business division. Divestment Details The company’s board approved selling its wiping business division to Auto Ignition through a slump sale agreement. The transaction is valued at ₹20 crore, subject to adjustments …
Nazara Technologies announced that its UK-based subsidiary, Fusebox Games, will collaborate with Banijay Rights to develop and launch the Bigg Boss Interactive Fiction Game. This partnership aims to bring the popular Indian reality TV show into the interactive gaming world, with the game slated for release in 2025. The game will allow players to create …
Zomato-owned quick-commerce platform Blinkit has ventured into healthcare services by launching a 10-minute ambulance service in Gurugram. This initiative was announced by Blinkit CEO Albinder Dhindsa on Thursday. He stated, “We are taking our first step towards solving the problem of providing quick and reliable ambulance service in our cities. The first five ambulances will …
Vodafone Idea (Vi) is preparing to launch its 5G services in March 2025, aiming to compete with leaders like Reliance Jio and Bharti Airtel. The company plans to cover 75 major cities across 17 key regions, focusing on urban and industrial areas with high data demand. Competitive Pricing Strategy Vi’s 5G plans are expected to …
The DMK-led Tamil Nadu government has scrapped a global tender for the installation of smart meters, even though Adani Energy Solutions Ltd (AESL) was the lowest bidder for the project. The decision, which has sparked considerable debate, was made by the Tamil Nadu Generation and Distribution Corporation (Tangedco). Tender Scrapped Over High Costs Tangedco cited the “high …
