Chinese Carmaker To Bring Electric SUV To Indian Market Soon
World’s largest electric vehicle company by volume ━ BYD ━ to step into the Indian mainstream electric vehicle market with an electric SUV. The electric car is expected to run on Indian roads in the upcoming festive season. According to the reports, Warren Buffet-backed, a Chinese electric vehicle manufacturer, which took over Tesla last year,…
Goodfellows ━ A Startup By Ratan Tata For Senior Citizens
Industrialist Ratan Tata announced on Tuesday to invest in the companionship startup ‘Goodfellows’ for senior citizens. It would be the first Indian startup that aims to encourage intergenerational friendship. At the launch of Goodfellows, Ratan Tata said, “You do not know what it is like to be lonely until you spend time alone wishing for…
Unity Small Finance Bank Names Inderjit Camotra As New MD and CEO
Unity Small Finance Bank Limited announced the appointment of a new managing director and chief executive officer on Friday. The bank names Inderjit Camotra for this significant role. Inderjit Camotra is a senior banker with over 25 years of experience across India’s banking sector. He held various leadership positions at Standard Chartered Bank, ANZ, and…
Adani, TotalEnergies Joins Hands To Invest In Green Hydrogen
Adani New Industry Ltd (ANIL) teamed up with TotalEnergies to invest $50 billion in green hydrogen, the deal was announced on Tuesday. French giant TotalEngeries will buy a quarter of the equity in ANIL, part of Adani’s eponymous group. The company will invest a set amount for a period of over ten years. With this…
Govt. To Sell Entire Remaining Stake In Hindustan Zinc
The cabinet committee on Economic Affairs (CCEA) on Wednesday, 25 May, approved the sale of the entire remaining stake in the Hindustan Zinc Ltd (HZL). The government holds a 29.5% stake in HZL which would fetch the Centre Rs. 38,062 crores according to the closing price of the company’s share. Share of Hindustan Zinc surged…
Rajapaksa Quits From Prime Minister Position Amid Crisis
As per the Sri Lankan government’s spokesperson, Prime Minister Mahinda Rajapaksa resigned on Monday amid the island nation’s biggest economic crisis since independence, which has led to widespread protests in the country. “The prime minister has sent his letter of resignation to the president,” the government officials said to the news agency Reuters. Moreover, PTI…
India Plans Standalone Renewable Battery Power Bank
India is all set to invest in the first-of-its-kind standalone renewable battery power bank. With an investment of Rs. 2000 Crore, India wants to make green energy available on tap for discoms and grid operation during peak demand. But the spike in the price of lithium, key ingredients to make batteries, and the supply chain…
10 Best Chief People Officers in India 2024: Making Businesses Better
Picking up gems from a hoard needs a lot of consideration. When it comes to filtering the 10 best chief people officers in India 2024, we must consider some essential traits. CPO is a position that requires a specific set of skills and competencies. Apart from exceptional written and verbal communication, this profile takes much…
Adani With 54 Others Interested To Acquire Reliance Capital
Fifty-four companies, including Adani Finserve, ICICI Lombard, Tata AIG, Nippon Life Insurance, and HDFC Ergo, have shown their interest in acquiring debt-ridden Reliance Company Group, according to the sources. Other bidders are Yes Bank, Bandhan Financial Holdings, Cholamandam Investment, Blackstone Brookfield, KKR, TPG, Oak Tree Capital, Piramal Finance, and Poonawala Finance. The last date of…
‘No Chance Of Data Leak’ Stated Paytm Payments Bank
Recent reports have increased the trouble of digital payment giant, ‘Paytm’, stating that they are leaking data of their customers to Chinese firms. RBI has restricted the Paytm Payments Bank to include new customers, due to the reports that suggest data leaks from Paytm to Chinese firms. The Reserve Bank Of India has also called…