Adani Energy Solutions Bags A Project Worth ₹25,000 Cr
In a major win, the Adani-Groups AESL (Adani Energy Solutions) secured the ₹25,000 crore Bhadla (Rajasthan)-Fatehpur (Uttar Pradesh) HVDC (High Voltage Direct Current) project. It’s the largest project for the company to date. Bhadla Fatehpur-HVDC Project was formally handed over to AESL on January 20, 2025. Adani Energy Solutions shared that it won the project…
Shipra Prajapati
Vi Wins ₹1600 Cr Refund From The Supreme Court
On Monday, January 20, 2025, the Supreme Court validated the Bombay High Court’s November 2023 decision ordering the Revenue Department to refund ₹1,128 crore to Vodafone Idea (Vi). Along with interest, the Revenue Department is directed to pay a ₹1600 crore refund. This case concerns Vodafone Idea’s claim for a refund of its payment after…
Vipin
Reliance Launches JioCoin To Enter The Crypto World
Recently, JioSphere users started to notice the addition of JioCoin, a crypto token listed on the Polygon crypto platform and built on Ethereum Layer 2. The JioCoin token appears on Android and iOS devices; however, the company has not officially announced the cryptocurrency. The Ambani-led Reliance shares, “JioCoins are blockchain-based reward tokens that users can…
Himanshu
RBI Injects ₹40,000 Cr Into The Indian Banking System
The Indian banking system recently experienced a liquidity deficit of ₹2 lakh crore, with an average deficit of ₹1.5 lakh crore as of January, the RBI data shows. To address this deficit, the Reserve Bank of India injected around ₹40,000 crore into the banking system. The RBI used bids worth ₹30,760 from the overnight variable…
India’s New Crude Oil Strategy: Middle East on Focus
Recently, the Biden administration forced a few new sanctions on the Russian oil producers Gazprom Neft and Surgutneftegas, along with 180 tankers shipping Russian oil. The Biden administration did this to suppress Moscow’s revenue, which was used to finance the Ukraine war. These new sanctions also disrupted the Russian shadow fleet. After this move from…
India To Surpass Japan and Germany In Economic Growth
The annual meeting of Tamil Magazine ‘Thuglak’ took place in Chennai on January 14, 2025. It was the 51st anniversary of Thuglak, which Cho Ramaswamy founded on January 17, 1970. Many politicians, including Amit Shah, LK Advani, and PM Narendra Modi, attended this annual meeting. Piyush Goyal, the Union Minister of Commerce and Industry, addressed…
Indian Banks Introduce New FD Schemes to Boost Deposit
Amid liquidity shortage, top banks are changing fixed deposit rates using special tenures, senior citizen benefits, and bulk deposit schemes. Among all banks, IDBI Bank is the latest to launch higher rates for super senior citizens (aged 80 years or more). Bank of Baroda has initiated a liquidity fixed deposit scheme. IDBI Bank’s ‘IDBI Chiranjeevi-Super…
ABHYUDAYA MITTAL
PhysicsWallah (PW) Appoints Ajinkya Jain as Group General Counsel, Company Secretary & Compliance Officer
Delhi, January 13 2025: PhysicsWallah Limited (PW), an education platform, has appointed Ajinkya Jain as the Group General Counsel, Company Secretary & Compliance Officer. He is experienced in leading IPOs and holding various roles during merger and acquisition (M&A) activities, to facilitate the corporate governance and legal compliance at PW. Alakh Pandey, CEO and Founder…
Abdullah Ansari
Bad News For SBI: Sufferers ₹44935 Cr Lose in 5 Days
India’s largest government bank, SBI (State Bank of India), suffered a whopping ₹44935 crore loss in its market valuation. The Indian share market has remained in the red in the past few weeks, and SBI has faced pressure from weak trends, resulting in this huge loss. As per the market data, SBI’s market capitalisation has…
Bhumika
Swiggy Plans To Launch Instamart App As A Separate App
In a strategy to attract customers, the Indian food platform plans to launch its separate grocery delivery app Instamart – Swiggy’s quick commerce offering – as a separate app. Instamart will remain on the Swiggy app, but the separate app will serve customers searching for grocery deliveries. This strategy was adopted by Chinese internet giants…
