NEWS
Isro to launch GSAT-20 satellite aboard SpaceX’s Falcon 9 rocket.
05 Jan 2024
NewSpace India Ltd (NSIL), the commercial arm of the Indian Space Research Organisation (Isro), has signed a contract with SpaceX, the space exploration venture of billionaire Elon Musk, for the launch of Isro’s communication satellite GSAT-20.
Microchip Technology set to receive $162 million award from U.S. to boost production
05 Jan 2024
The U.S. Commerce Department announced plans on Thursday, 4 January 2024, to grant $162 million to Microchip Technology in government funding, aiming to enhance the production of semiconductors and microcontroller units (MCUs) critical for the consumer and defense industries.
REC, Bank of Baroda join hands to finance power, infrastructure and logistics projects
05 Jan 2024
REC Limited has signed a memorandum of understanding (MoU) with Bank of Baroda to facilitate joint lending to finance power, infrastructure and logistics projects in the country over the next three years.
IIT Bombay develops equipment for recycling waste plastics
05 Jan 2024
IIT Bombay has developed an indigenous equipment for mechanical recycling of waste thermoplastic polymers to composites.
Govt revises incentives scheme for auto sector, extends it by 5 years
04 Jan 2024
The government has extended the tenure of the Production Linked Incentive (PLI) scheme for automobile and auto components by five years beginning the current financial year, ie, 2023-24.
India's fintech sector faced a 63% funding decline in 2023
04 Jan 2024
Amid the funding winter, India’s fintech sector experienced a significant setback, with a 63% decline in fund inflows throughout 2023, according to a report by Tracxn.
Reliance and Disney initiate antitrust diligence for merger in India
04 Jan 2024
Indian business tycoon Mukesh Ambani’s Reliance Industries and global entertainment giant Walt Disney have taken decisive steps towards their proposed merger with the Indian media and entertainment sector.
IndiGo announces removal of fuel charges amid ATF price drop
04 Jan 2024
IndiGo, one of India’s leading airlines, announced on Thursday, 4 January 2024, that it would eliminate fuel charges on all domestic and international flights.
Disney secures support from activist investor ValueAct Capital
04 Jan 2024
In a significant development, The Walt Disney Company has garnered support from ValueAct Capital, a notable activist hedge fund. This backing comes amid board challenges posed by billionaire financier Nelson Peltz.
SpaceX faces allegations of wrongful employee firings
04 Jan 2024
SpaceX, the renowned rocket and satellite manufacturer, has come under scrutiny as a U.S. labor agency accuses the company of unlawfully terminating eight employees.
Chennai tax officials issue a Rs. 663 crore GST demand notice to LIC
04 Jan 2024
The Life Insurance Corporation of India (LIC) stated on Wednesday, 3 January 2024, that tax authorities have issued a demand notice amounting to approximately Rs 663.45 crore, citing short payment of Goods and Services Tax (GST).
Intel's new AI software firm, Articul8, secures backing from DigitalBridge
04 Jan 2024
In a significant development on Wednesday, 3 January 2024, Intel announced the creation of a new independent company dedicated to its artificial intelligence software endeavors.

