NEWS
India’s real GDP seen growing at 7.3% in the current fiscal
06 Jan 2024
India’s economy is expected to grow at a robust 7.3 per cent in the current financial year (April-March 2023-24) against the 7.2 per cent growth in the previous financial year (April-March 2022-23)
Grasim to issue rights shares at Rs1,812 each to raise Rs4,000 cr
05 Jan 2024
Grasim Industries Limited, the flagship company of the Aditya Birla Group, has come out with a rights issue to raise about Rs4,000 crore.
American Tower sells its India business to Canada’s Brookfield in a $2.5 bn deal
05 Jan 2024
American Tower Corp (ATC) has agreed to sell its India operations to Canadian buyout firm Brookfield in a deal worth around Rs21,000 crore ($2.5 billion) in total.
Isro to launch ESA’s solar probe mission Proba-3
05 Jan 2024
European Space Agency (ESA) has selected Indian Space Research Organisation’s Polar Satellite Launch Vehicle (PSLV) to deploy its experimental Project for On-Board Autonomy-3 (PROBA-3) mission.
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.
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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.
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