Tata Power has unveiled a new solar module and cell manufacturing facility in Tamil Nadu, India, with an investment of ₹43 billion ($508 million). The 317-acre plant aims to cater primarily to the growing domestic market, according to Praveer Sinha, CEO of Tata Power. The facility is expected Continue Reading
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The Reserve Bank of India (RBI) is set to announce its policy decision on Friday, with contrasting opinions among economists on whether interest rates should be cut. While 62 of 67 economists in a Reuters poll anticipate no change due to surging inflation and a weakening rupee, Nomura maintains a contrarian stance, expecting a 25-basis-point […]Continue Reading
Seoul experienced a night of unprecedented political drama on December 3, 2024, as President Yoon Suk Yeol declared martial law, citing the need to combat “anti-state forces” and protect constitutional order. The declaration, which marked the first use of martial law since the country’s democratization in 1987, prompted military deployment around the Continue Reading
The Enforcement Directorate (ED) conducted coordinated raids across multiple locations in West Bengal on Tuesday, targeting suspected irregularities in Non-Resident Indian (NRI) quota admissions in medical colleges. The searches were carried out in Salt Lake, Kolkata, and districts including Birbhum, Durgapur, Jhargram, and Burdwan. Residences of officials from private Continue Reading
Alternative Investment Funds (AIFs) have channeled ₹75,468 crore into the real estate sector over the last decade, marking a 17% share of the total ₹4,49,384 crore investments across sectors like IT/ITeS, financial services, pharma, and renewable energy, according to SEBI data analyzed by ANAROCK Research. This makes real estate the highest recipient of AIF investments, Continue Reading
According to a Reuters report, the Indian government plans to broaden its electric vehicle (EV) policy, initially designed to attract new automakers like Tesla, to include existing internal combustion engine manufacturers and hybrid cars. This move aims to boost domestic EV production and encourage established players like Toyota and Hyundai to deepen their investment in Continue Reading
The Indian government has identified eight automobile manufacturers, including Hyundai, Kia, Mahindra, and Honda, for violating fleet emission norms in the financial year 2022-23. According to a report by The Indian Express, these companies could face penalties totaling approximately Rs 7,300 crore. Hyundai leads the violators with a penalty exceeding Rs 2,800 crore, Continue Reading
The Enforcement Directorate (ED) conducted searches at multiple locations in Delhi and neighboring areas on Wednesday in connection with an alleged bank loan fraud and money laundering case involving former promoters of the liquidated dairy major Kwality Ltd. Around a dozen premises linked to the company’s ex-directors, promoters, and key associates were raided under Continue Reading
Streambox Media, a two-and-a-half-year-old startup backed by Micromax Informatics and other prominent investors, has launched “Dor,” a subscription-based smart TV service designed to offer a seamless, all-in-one home entertainment solution. Set to debut on Flipkart on December 1, Dor combines a high-quality 4K QLED television with access to over 24 streaming Continue Reading
Quick-commerce giant Zepto has raised $350 million in a landmark funding round, maintaining its $5 billion valuation. The funding, led by Motilal Oswal’s Private Wealth division, included contributions from Indian high-net-worth individuals (HNIs), family offices, and major financial institutions, marking the largest 100% domestically funded round in India’s startup Continue Reading