The Government’s New Plan To Curb Unregulated Lending
The central government proposed a new bill to curb lending by unregulated entities, including digital platforms. Under the new bill, violators will face up to 7 years in prison. Lenders harassing and using unlawful methods to recover loans will face 10 years in prison, while those who promote such lending activities will get up to…
Suryansh
SEBI Tightens SME Listing Regulations, Widens UPSI
SEBI (Securities and Exchange Board of India) tightened the SME (Small Business Enterprise) listing regulations on Wednesday, Dec 18, 2024. It also approved an overhaul of investment banking regulations and expanded the definition of UPSI (unpublished price-sensitive information). In addition to that, it gave the green signal to reforms, making it easier for Debenture Trustees,…
ABHYUDAYA MITTAL
India’s Remarkable Growth In Renewable Energy
The CII International Energy Conference and Exhibition (IECE) 2024 took place on 17 December in New Delhi. Shri Pralhad Joshi, Union Minister for New and Renewable Energy, addressed this conference and shared that India is experiencing remarkable growth in renewable energy. He added that India is one of the world’s most promising nations in clean…
abhinav singh
Wipro’s Bold Acquisition Of Applied Value Technologies
Azim Premji-owned Wipro announced on Monday, 16 December, that it will acquire 100% shareholdings of the IT consulting firm Applied Value Technologies (AVT). This will be a $40 million deal, underscoring another major acquisition this year. The IT major Wipro has been on an acquisition spree in 2024. Wipro acquired a 27% stake in SDVerse,…
Vikas
Aditya Birla Cement Leads India’s Maritime Mission
UltraTech Cement Limited, the flagship company of the Aditya Birla Group and India’s largest cement and ready-mix concrete producer, has set a milestone as the first cement company to transport a bulk consignment of mineral gypsum via National Waterway 1 (NW-1). This waterway, spanning 1,620 km along the Ganga-Bhagirathi-Hooghly river system, connects Prayagraj in Uttar…
Data Centres To Attract $100 Billion Investment By 2027
The real estate advisory firm CBRE reported that investments in Indian data centres might surpass the $100 billion mark by the end of 2027. Between 2019 and 2024, the country attracted investment commitments of a whooping $60.3 billion from international and domestic investors. In the same report, CBRE shared that India’s data centre capacity is…
Shipra Prajapati
ChatGPT Faced Global Outage: What Is The Reason?
OpenAI’s chatbot ChatGPT faced a global outage on Thursday night. Thousands of platform users reported issues starting around 4:30 a.m. IST (6 p.m. Eastern Time) and peaking around 5:30 a.m. IST (7 p.m. ET). According to the platform Down Detector, which records such outages via user reports, the ChatGPT received around 373 complaints. Many other…
Yash Sharma
Gautam Adani Pulled Out Of $553 Million US Loan Deal
Billionaire Gautam Adani withdrew from a major US loan deal worth $553 million. This loan was meant to fund a port terminal being developed by Adani Ports and Special Economic Zone Limited in Sri Lanka’s capital, Colombo. The withdrawal from the loan deal underscores the end of an agreement between India and the US to…
Sanjay Malhotra Is The New Face Of RBI Leadership
The centre cabinet committee notified on Monday that Sanjay Malhotra had been appointed as the new governor of the RBI (Reserve Bank of India). Before this, he worked as a revenue secretary for the Ministry of Finance; Mr Malhotra will become the 26th governor of the RBI. Sanjay Malhotra, a 1990-batch Rajasthan cadre IAS Officer,…
Lenskart’s World’s Largest Eyewear Factory In Telangana
The Indian multinational eyewear company Lenskart is expected to set up the world’s largest eyewear manufacturing factory in Telangana. According to sources, Amith Chaudhary and Piyush Bansal founded company Lenskart is investing Rs 1500 crore in this ambitious project, which will produce eyewear, lenses, sunglasses, etc., for India, Southeast Asia, and the Middle East. Amit…