Industry

State-run hydro power company, NHPC Ltd is under discussions with the Bhutan government to form a joint venture company to undertake hydro power projects in the country, a senior executive of the company told FE.  The move comes amid the company’s plan to expand its business overseas. “We are in discussion with the Bhutan government

To support worker’s productivity for manufacturing growth, the Centre will unveil the scheme framework later this week for affordable rental housing for industrial workers under a public-private partnership (PPP) model with likely viability gap funding (VGF) of around 40% of the project cost to the private concessionaires, sources told FE. Under the scheme, both the

Welspun One, the logistics and industrial property arm of Welspun group, plans to raise Rs 4,000 crore to fund its expansion.  The platform plans to double its portfolio size from 16 million square feet to around 32 million sq ft by 2028. It has already identified a pipeline of approximately 8 million sq ft across

Direct-to-consumer dairy and daily essentials brand Country Delight has become the latest entrant to the 10-15 minute delivery space. The Gurugram-based company has started quick delivery in some areas in the NCR and is likely to expand it to other cities soon, according to a source. The company already has a rapid delivery service which

DMart, a supermarket chain founded by Radhakishan Damani has emerged as the most valuable Indian company founded by a self-made entrepreneur post-2000, with a valuation of Rs 3.42 lakh crore, according to the latest Hurun India report released on Wednesday. The parent company, Avenue Supermarts, saw a rise by 44 per cent in its valuation

A subsidiary of Sembcorp Industries, Sembcorp Green Infra, has won a 150 MW solar project. The project includes a 300 MWh Battery Energy Storage System (BESS). It was awarded by the Solar Energy Corporation of India Ltd (SECI). The project is part of a larger bid for 2GW of inter-state transmission system (ISTS)-connected solar power

As demand for ultra-fast food delivery surges, Zomato-owned Blinkit has launched ‘Bistro’, a platform promising snacks and meals in just 10 minutes. The move intensifies competition with rivals like Swiggy Bolt, Zepto Café, and Swish, capitalizing on India’s fast-paced urban lifestyle, according to GlobalData. Kakarlapudi Karthik Varma, Consumer Analyst at GlobalData, said, “The growing demand

Oil India on Wednesday announced the appointment of Abhijit Majumder, Director (Finance) as the Chief Financial Officer of the company, with effect from December 18. He will replace Rupam Barua, ED (F&A). In a regulatory filing, it said, “We would like to inform that the Board of Directors of the Company at its meeting held