The Government Plans To Infuse Rs 500 Crore In IFCIÂ
In the second half of Fiscal Year 2024, IFCI reported a Rs 22 crore loss, with the first half losses grossing Rs 170 crore. This significantly impacted the company’s growth and financial health. The Indian Government now plans to invest Rs 500 crore into the company to improve its financial health. This move might grow…
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…
Abdullah Ansari
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
India’s Largest Airline Ranked Among the World’s Worst
IndiGo, India’s biggest Airline, has been ranked among the world’s worst Airlines in the 2024 AirHelp Score report. The company secured 103rd place out of 109 Airlines with a score of 4.80; this report ranked Air India at 61st and Air Asia at 94th. According to sources, the low rating results from disappointing customer service…
Yash Sharma
SBI’s Mission: Bringing Inactive Accounts Back To Life
SBI, the State Bank of India, is the country’s biggest money lender. It launched a nationwide campaign to promote the activation of inoperative accounts. Before launching this campaign, SBI organised a one-day workshop in Gurugram for its national business correspondents and sensitised participants about inoperative account activation. Whether savings or current, an account is considered…
Info Edge Files Fir Against 4B Networks’ Rahul Yadav
The parent company of job portal Naukri.com, Info Edge, filed an FIR (first information report) against 4B Network founder Rahul Yadav and others, claiming fraudulent misuse of funds. In addition to Rahul Yadav, Pratik Choudhary, Devansh Singh, Sanjay Saini, and some other unnamed people are alleged in this FIR. 4B Network is a portfolio company…
TRAI’s Traceability Guidelines Coming Soon To Effect
The TRAI (Telecom Regulatory Authority of India) traceability guidelines will be effective on December 1, 2024. With the number of mobile users in India rapidly growing, more people are becoming prone to cyber criminals. These guidelines are a huge move for the organisation to reduce online fraud and build a robust and safe ecosystem. Earlier,…
Foxconn To Set Up A Massive Battery Plant In Tamil Nadu
India’s largest contract manufacturer company, Foxconn, is planning to establish the world’s second-largest Battery Energy Storage System (BESS) in Tamil Nadu. The Tamil Nadu government has offered 200 acres of land to the company for this massive project. The discussion for this project is in the final stage. Also, an official revealed that Tamil Nadu…
Reliance And Nvidia’s Strategic Partnership In India
Chip behemoth Nvidia and Reliance Industries announced a partnership to bring an AI revolution to India. This move could significantly accelerate the country’s artificial intelligence capabilities. The announcement came during a fireside chat between Mukesh Ambani, the Reliance Chairman, and Jensen Huang, the CEO of Nvidia, at the Nvidia AI Summit 2024 held in Mumbai. …
Bhumika
IMF FY25 Forecast: India Grows At 7% & US At The Helm
The International Monetary Fund (IMF) released its latest World Economic Outlook (WEO) on Tuesday, sharing a positive outlook on India’s growth trajectory. The multinational lender IMF forecasted that India will grow at 7% in the current fiscal year, which will end on March 31, 2025. IMF expects India to grow at 6.5% in FY25-26. IMF…
Himanshu