Govt. Proposes Bill to Amend Insolvency & Bankruptcy Law
Minister of Finance & Corporate Affairs of India, Nirmala Sitharaman, presented a bill to amend the Insolvency and Bankruptcy Code in the Lok Sabha on Tuesday. Following a request from the minister, the Insolvency and Bankruptcy Amendment Bill was referred to a select committee of the House after its introduction. It is implemented by the…
Vipin
L&T Grabs 6,400 MW Thermal Power Deal from Adani PowerÂ
Larsen & Toubro Ltd. (L&T) has been awarded a contract of 6,400 MW of new generation capacity for eight thermal Power units from Adani Power Ltd., announced on Monday. The Contract has been categorised under the ultra mega category through L&T, indicating that the order value is more than Rs. 15,000 crores. Adani has placed…
Shipra Prajapati
Reliance Infra to Recover $3.25B in Overdue Power Payments in Delhi
On Friday, Reliance Infrastructure of India stated that its power distribution divisions in New Delhi will recoup 284.83 billion rupees in unpaid dues after the Supreme Court upheld their claims earlier this week. These dues originate from prior tariff shortfalls, wherein regulator-set electricity prices did not fully cover the costs of supply. According to a…
ABHYUDAYA MITTAL
AU Bank Bags RBI Clearance to Become Universal Bank
AU Small Finance Bank has received the RBI’s in-principle approval to convert into a Universal Bank, a landmark move in its strategic growth trajectory. AU Financiers started its small finance bank operations in April 2017 after receiving the licence in 2015. By June 2025, the bank had built a network of over 2,500 branches and…
Goldman Sachs Lowers India GDP Growth Outlook Amid Trade War
Donald Trump’s imposition of a 25% tariff on Indian goods has led Goldman Sachs to predict a lower growth forecast for India, renewing concerns over trade tensions with the US. The projected real GDP growth is now estimated at 6.5% for 2025, a decrease of 0.1% from previous forecasts, and 6.4% for 2026, which is…
Abdullah Ansari
SAP Launches Mega India Campus for 15,000 Employees
SAP Labs India has officially inaugurated its new €194 million Innovation Park in Bengaluru on August 5, marking a major milestone in the company’s global expansion strategy. Designed to accommodate up to 15,000 professionals, the state-of-the-art campus is set to become one of SAP’s largest development hubs worldwide, reinforcing India’s pivotal role in the company’s…
LTI Mindtree Bags Rs 792 Cr PAN 2.0 Bid From Govt
The Income Tax Department’s PAN 2.0 project has been awarded Rs. 792 crore to LTI MindTree Ltd. The project is expected to be completed within the next 18 months, according to a report by PTI citing an official. PAN 2.0 aims to be a unified digital platform for managing all matters related to the Permanent…
Indian Chip Market to Reach $110Billion by 2030
The Indian semiconductor market has evolved over the years from a consumer market to a key manufacturer in the global semiconductor value chain, reaching approximately 38 billion dollars in 2023. India’s semiconductor market is projected to reach $45–50 billion in 2024–25, grow to $63 billion by 2026, and rise further to $100–110 billion by 2030….
ED Summons Anil Ambani to Probe Money Laundering Case
ED summoned Anil Ambani to question him about the ongoing probe of the alleged 17,000 crore bank fraud on August 5 at its Delhi headquarters. On July 24, ED conducted multiple searches linked to industrialist Anil Ambani, involving Reliance Anil Dhirubhai Ambani companies in Mumbai at 35 locations, and concluded their probe on July 27….
Sumit
Reliance Jio Rolls Out JioPC to Convert TVs into Cloud PCs
Reliance Jio unveiled JioPC, a cloud-driven desktop that transforms any TV into a complete PC. The service runs via the Jio Set-Top Box, removing the necessity for an independent CPU, and is compatible with current JioFiber plans or available as a separate purchase. JioPC enables users to connect a keyboard and mouse to their TV…
