Reliance Industries Limited (RIL) has announced a substantial investment commitment of over Rs 50,000 crore in Assam over the next five years. Chairman and Managing Director Mukesh Ambani made the announcement at the Advantage Assam 2.0 Investment & Infrastructure Summit 2025 in Guwahati on Tuesday. Addressing the gathering at the summit, Ambani emphasized Reliance’s long-term…
Adani Green Energy Ltd announced on Tuesday, February 25th, that its wholly-owned subsidiary, Adani Saur Urja (LA) Ltd, has been awarded a contract by the Uttar Pradesh Power Corporation Ltd (UPPCL) to procure 1,250 MW of energy storage capacity from Pumped Hydro Storage Projects. This development marks a significant step forward for the renewable energy…
In a significant leap toward futuristic transportation, India has successfully developed its first hyperloop test track at IIT Madras, marking a major milestone in high-speed travel. The 422-meter-long test facility, built with the support of the Ministry of Railways, aims to achieve ultra-fast travel, potentially reducing the Delhi-Jaipur journey—a distance of approximately 300 km—to less…
India is in the process of finalizing a substantial $1 billion capital subsidy plan aimed at bolstering its solar manufacturing industry. This initiative is part of a broader strategy to reduce dependency on China and capitalize on the global energy transition, according to sources familiar with the matter. The Ministry of New and Renewable Energy…
The Indian tech industry is projected to achieve $300 billion in revenue by FY26, according to a Nasscom report released on Monday. The report also estimates that the industry will add at least 126,000 net new employees in the current fiscal year (FY25), bringing the total workforce to 5.8 million. *Strategic Resilience Amid Shifting Dynamics*…
India’s largest integrated energy company, NTPC Limited, has signed multiple Memorandums of Understanding (MoUs) with the Government of Madhya Pradesh during the Global Investors Summit 2025 in Bhopal. These agreements aim to drive India’s clean energy transition and support Net Zero targets. *Significant Investments in Clean Energy* Under the MoUs, NTPC will invest ₹80,000 crore…
Adani Power Limited, a part of the Adani Group, has announced that it has received approval from the Committee of Lenders (CoC) for its resolution plan to acquire Vidarbha Industries Power Limited (VIPL), a subsidiary of Anil Ambani’s Reliance Power. This significant business development has created a buzz in the stock market. *Rise in Adani…
In a shocking case of cyber fraud, a retired teacher from Indore has been duped of Rs 96 lakh by scammers posing as officials from SBI Life Insurance. The elaborate scam, which unfolded over two years, saw the victim manipulated into paying money under the guise of policy-related processes and future benefits. According to a…
The Reserve Bank of India (RBI) has permitted depositors of the crisis-hit New India Co-operative Bank to withdraw up to Rs 25,000, effective from February 27. This decision comes after the central bank imposed All Inclusive Directions (AID) on the Mumbai-based cooperative bank on February 13, restricting any withdrawals from savings, current, or other accounts….
Adani Electricity Mumbai Ltd., a subsidiary of Adani Energy Solutions Ltd., has achieved the top spot across three national rankings conducted by the Ministry of Power. This accomplishment underscores the company’s excellence in performance, customer service, and sustainability. *Top Rankings for Adani Electricity* Adani Electricity was ranked first in the newly introduced Distribution Utilities Ranking…
