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New Delhi, July 1 (SocialNews.XYZ) In a move towards achieving end-to-end digitalisation of the coal exploration value chain, the government on Tuesday said it is set to launch the Exploration Module on the Single Window Clearance System web portal. To be launched through Central Mine Planning and Design Institute Limited (CMPDIL) by Union Coal Minister G Kishan Reddy on July 4, this module will allow allottees to submit their exploration proposals online, which will then be processed and appro ...Read More >
Thiruvananthapuram: Ravada A Chandrasekhar took charge as the new State Police Chief on Tuesday. He succeeds Shaik Darvesh Saheb, who retired on June 30. His tenure will run until July 1, 2027. A 1991-batch IPS officer currently serving as Special Director with the Intelligence Bureau, Chandrasekhar is on central deputation. He was selected over Nitin Agarwal, who topped the official list of probables. The appointment order, issued by Kerala Chief Secretary Dr A Jayathilak on behalf of the Gove ...Read More >
Mumbai: Geopolitical uncertainties and rising protectionism are posing challenges for businesses globally, and companies will have to respond with speed and agility to protect their growth as they navigate these disruptions, said Nitin Paranjpe, non-executive chairman at Hindustan Unilever (HUL). "The impact that technology will have on us, the impact that climate change will have on us is understood...we have to gear up to deal with it, but the direction is known..." "The new thing which is hap ...Read More >
Bengaluru: Infra.Market secured $150 million as debt from Mars Growth Capital, a joint venture between MUFG Bank and AI-based private credit firm Liquidity.The deal includes a five-year extension of its existing $100 million facility and an additional $50 million credit line. This is the company's second fundraising this year, following a $125 million equity round. Founded in 2016, Infra.Market operates a tech-enabled building materials platform that caters to institutional and retail buyers. Th ...Read More >
New Delhi: Finance minister Nirmala Sitharaman on Monday called for a fundamental rethink of global sovereign credit rating systems, arguing that they often fail to reflect the economic resilience and structural strengths of emerging markets. Speaking at the International Business Forum, the 4th International Conference on Financing for Development in Spain, Sitharaman pointed to India's strong macroeconomic fundamentals, including sustained high growth and prudent fiscal management, as evidenc ...Read More >
Jumbotail, a business-to-business (B2B) marketplace for food and grocery products, on Monday said it has raised $120 million in a funding round led by Standard Chartered's investment arm SC Ventures. The latest fundraise, which also saw participation from existing investors including Artal Asia, brought Jumbotail's total capital raised to $263 million. Earlier this year, Jumbotail acquired Solv, an online B2B platform facilitating MSMEs to sell their products to retailers and other businesses, ...Read More >
Mumbai: MARS Growth Capital has infused an additional $50 million in Infra.Market and extended the term of its existing financing of $100 million by five years as the building materials platform prepares for an initial public offering later this year. MARS, a joint venture between private credit firm Liquidity and MUFG Bank, has invested about $150 million in the IPO-bound company with this transaction, Infra.Market said in a statement on Monday. The first tranche of $100 million, which had ...Read More >
New Delhi, June 28 (SocialNews.XYZ) The Ministry of Power has announced the launch of a task force to conceive the India Energy Stack, a pioneering initiative aimed at creating a unified, secure, and interoperable digital infrastructure for the country's energy sector. The India Energy Stack will play a vital role in integrating renewable energy, enhancing DISCOM efficiency, and delivering transparent, reliable, and future-ready power services, the official statement said. As India charts its ...Read More >
New Delhi, July 26 (SocialNews.XYZ) National Stock Exchange (NSE) Chief Business Development Officer Shriram Krishnan said on Thursday that electricity futures contracts can play a vital role in helping businesses manage and control their power costs effectively. In an exclusive conversation with IANS, Krishnan explained that electricity futures allow buyers to lock in power prices for future dates. "This helps fix electricity costs in advance. If, in the future, spot electricity prices rise b ...Read More >
New Delhi, June 7 (SocialNews.XYZ) India can position itself as a global leader in livestock exports, especially in value-added segments, and the industry must be more aspirational and aim for a 20 per cent increase in exports this fiscal (FY26), senior government officials have said. In last fiscal (FY25), the overall exports of animal products stood at $5114.19 million, registering a growth of 12.56 per cent. This was conveyed at the Agricultural and Processed Food Products Export Developmen ...Read More >
New Delhi [India], June 4 (ANI): According to a joint report by Moody's Ratings & ICRA, highlights that India will require a huge investment in order to meet ambitious 2070 net-zero emissions norms particularly in the power sector. The report projects that over the next decade, these investments are projected to constitute 2 per cent of country's real GDP for the electricity value chain, encompassing power generation, storage, transmission and distribution.The report also suggests that the coun ...Read More >
VMPL Ernakulam (Kerala) [India], February 4: Kings Infra Ventures Limited, a pioneer in the seafood and aquaculture industry. Operates across the entire seafood value chain, from farming to international trade, with extensive infrastructure including farms, and processing facilities, has announced that the recent government budget has introduced significant customs duty changes aimed at strengthening India's aquaculture sector. Key modifications include: * Reduction in Basic Customs Duty (BCD ...Read More >
New Delhi, Jan 8 (PTI) Indian exporters have huge opportunities to increase their share in the global agriculture trade from the current 2.4 per cent, a government official said on Wednesday. The global agriculture trade is about USD 2 trillion. Agricultural and Processed Food Products Export Development Authority (APEDA) Chairman Abhishek Dev said that given these numbers, "huge opportunities" are there to increase exports from the country. Despite being the seventh largest agri exporter in ...Read More >
New Delhi, Dec 12 (PTI) The government on Thursday came out with the definition of green steel and asked the industry to take measures to bring down carbon emissions below the level of 2.2 tonnes on per tonne of finished products. Union Steel Minister H D Kumaraswamy also released a 'taxonomy on green steel' with parameters for giving star ratings on products based on the amount of carbon dioxide (CO2) emitted during the production process. The steel industry has been the backbone of India's in ...Read More >
Gurugram, 11 December 2024: Around USD 40 billion of investments are envisaged over the next 5-6 years for the development of Electric Vehicles (EV) & ancillary industries in India. However, the deployment of these funds will rely upon successful implementation of government policies, charging infrastructure ramp-up and domestic manufacturing capacity scale-up. As per Colliers' latest report "EVs in India: Renewed Vigour in Electric Mobility", about two-thirds of the planned investments, can pot ...Read More >
New Delhi [India], December 6 (ANI): The Production Linked Incentive Scheme for Food Processing Industry (PLISFPI) has generated employment of over 2.89 lakh as of October, and an investment of Rs 8,910 crore has been made across 213 locations, according to the Ministry of Food Processing Industries . In a press release, the Ministry stated that the scheme has significantly contributed to the country's overall growth and development by scaling up domestic manufacturing, enhancing value addition ...Read More >
New Delhi, Dec 5 (PTI) Star Agriwarehousing and Collateral Management Ltd, a tech-driven agricultural services firm, has filed preliminary papers with capital markets regulator Sebi to raise funds through an initial public offering (IPO). The proposed IPO comprises a fresh issue of equity shares aggregating up to Rs 450 crore and an Offer-For-Sale (OFS) component of 2.69 crore equity shares by promoters and an investor, according to the draft red herring prospectus (DRHP) filed on Wednesday. A ...Read More >
Given the strong subscription response, Ganesh Infraworld's latest GMP stands at Rs 73, indicating an upside potential of 88% above the upper price band.The SME initial public offering (IPO) of Ganesh Infraworld received a strong response from investors with an overall subscription of 103.2 times by 12:19 pm on the final day of the bidding process. The IPO will close on December 3. The company aims to raise Rs 98.6 crore through the SME IPO, which is a fresh equity sale of 1.18 crore shares, an ...Read More >
Ahmedabad (Gujarat) [India], December 2 (ANI): Ambuja Cements has taken a step toward achieving its Net Zero goals. The company has partnered with Finland-based technology leader Coolbrook to implement its proprietary RotoDynamic Heater (RDH) technology. According to the exchange filing, this cutting-edge, zero-carbon heating solution, powered by renewable electricity, will drastically reduce the company's dependence on fossil fuels and lower its carbon emissions, aligning with its sustainabili ...Read More >
At its analyst meet, LTIMindtree (LTIM) highlighted the proliferation of AI across the value chain and the company's readiness to capitalize on this new opportunity. AI is fundamentally transforming the way clients and system integrators are functioning, and LTIM aims to be at the forefront of this change. The company's pivot to AI - AI in everything, everything for AI, and AI for everyone - has started reaping benefits, with AI now being a key part of the recent deal wins. The management outlin ...Read More >
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