Industry body CMAI on Thursday said it has signed an agreement with AREAS to ensure exchange of knowledge on policy and regulatory related developments and innovation in carbon market and enhance setting up of renewable energy projects. AREAS (Association of Renewable Energy Agencies of States) is a society which has been set up for regular [...]
Walmart-owned digital payments app Phonepe on Thursday said it has raised USD 350 million at a valuation of USD 12 billion in a funding round led by private equity firm General Atlantic. "Marquee Global and Indian investors are also participating in the round," PhonePe said in a statement adding the investment marks the first tranche [...]
The commerce department is in talks with the Australian government for bringing in investments in clean air technology, mining, education, and research and development in the country, additional director general of foreign trade Tapan Mazumder said on Wednesday. The Department of Commerce is having talks with the Australian government for bringing in investments in clean [...]
Maruti Suzuki India on Thursday said it has commenced exports of mid-sized sports utility vehicle Grand Vitara, with the first shipment on its way to Latin America. The country's leading carmaker and exporter aims to export the model to more than 60 countries across Latin America, Africa, Middle East, ASEAN and neighboring regions. "Supporting Government's [...]
An Indian farmer recently used a ChatGPT interface to access an opaque government programme via the internet despite knowing only a local dialect, Microsoft chief Satya Nadella said on Wednesday to underline that the world is entering a golden age of artificial intelligence. Recent breakthroughs in the AI space and products like ChatGPT are capturing [...]
ICICI Prudential Life Insurance is "very confident of crossing doubling the VNB target" by March on the back of a record jump in its high-margin protection business share and the resultant highest-ever margin it has booked in the just-concluded December quarter. The company reported a 23.2 per cent growth in the value of the new [...]
Microsoft will lay off 10,000 workers, about five per cent of its total workforce, its CEO Satya Nadella announced on Wednesday, terming it a hard choice that the tech giant had to make to remain a "consequential company" amid global economic uncertainties. Microsoft is the latest company after Facebook and Amazon to cut jobs as [...]
JSW Energy on Thursday said that its arm JSW Renew Energy Five has bagged two battery energy storage system projects totalling 500 MW/ 1,000 MW from Solar Energy Corporation of India (SECI). The company will be entitled to receive a fixed capacity charge of Rs 10.8 lakh per MW per month for twelve years, a [...]
Realty firm Mahindra Lifespace Developers Ltd on Wednesday said it has entered into society redevelopment business and has bagged two projects in Mumbai with a revenue potential of Rs 500 crore. In a regulatory filing, the company informed that it has been "selected as the preferred partner to redevelop two adjacent residential societies in Santacruz [...]
The National Company Law Tribunal (NCLT) on Wednesday asked the lenders to delay the second auction for Reliance Capital, which was scheduled for Thursday, till January 23 as it could not complete hearing arguments from both sides. Torrent Investment, the winning bidder of the first round of auction of Anil Ambani-promoted Reliance Capital, had moved [...]
