Adani Green Energy (AGEL) on Tuesday said it has received the letter of award (LOA) from Uttar Pradesh Power Corporation (UPPCL) for 1,250 MW energy storage capacity from pumped hydro storage projects (PSP). The project, Panaura PSP, has a minimum commitment for 40 years. It will be located in the Sonbhadra district, Uttar Pradesh and
Flipkart-backed fintech platform super.money on Tuesday acquired Bengaluru-based checkout financing platform BharatX in an all-cash deal. The financial details of the transaction have not been made public. With the acquisition of BharatX, super.money aims to address the growing demand for innovative credit on UPI solutions, the Flipkart-run company said in a statement. ALSO READUK FTA
With quick commerce gaining traction among consumers, companies are racing to offer faster delivery of their products. Electronics retail chain Croma on Tuesday introduced same-day delivery for air conditioners and coolers across 30+ cities, further intensifying competition in the consumer durables segment. ALSO READGodrej energy EPC arm eyes Rs 2,000 crore revenues in 3 years
Godrej Enterprises’ energy solutions arm is targeting revenues of Rs 2,000 crore in the next three years. “We are aiming for 20% CAGR growth over the next three to five years,” said Raghavendra Mirji, executive vice president and business head, Energy Solutions, Godrej Enterprises Group. The engineering, procurement, and construction (EPC) company expects to generate
Godrej Enterprises’ energy solutions arm is targeting revenues of ₹2,000 crore in the next three years. “We are aiming for 20% CAGR growth over the next three to five years,” said Raghavendra Mirji, executive vice president and business head, Energy Solutions, Godrej Enterprises Group. The engineering, procurement, and construction (EPC) company expects to generate ₹1,500
The government should seek removal of the non-tariff barriers that Indian whiskey faces in the UK market while negotiating on duties on scotch in the free trade agreement, the liquor industry representatives. As talks on the FTA resumed after an eight month gap, the industry has also asked the duties on scotch should be brought
The cement industry is set for a revival with industry profitability expected to improve further in Q4FY25 on the back of higher exit prices and better operating leverage led by peak seasonal demand. During the previous quarter, JM Financial said, its coverage companies’ aggregate EBITDA declined by 26 per cent YoY and rose 27 per
JSW Group Chairman Sajjan Jindal on Tuesday said the company would invest in cement manufacturing, renewable, and thermal power sectors in Assam. Speaking at the Advantage Assam 2.0 Investment and Infrastructure Summit, Jindal said Assam has been developing rapidly and the JSW group is committed to being part of the growth journey. Recalling childhood visits
Central Goods and Services Tax (CGST) officials in the recent months have investigated over two dozen textile manufacturing companies across the country for mis-classifying textile processing activities and subsequently paying lesser tax. According to official sources, the CGST department has observed that several textile manufactures are recording activities which involve ‘changing the nature of cloth’
Artificial intelligence (AI) is being used for “collusion” by sections of Indian industry, Ravneet Kaur, chairperson of Competition Commission of India (CCI) said on Sunday, adding that the regulator would equip itself to deal with it. “Companies are using AI to coordinate prices without explicit agreements, and are engaging in algorithmic discrimination under the garb
Owning a home is one of the most significant steps toward financial security, both for individuals and families. While men have traditionally taken the lead in property purchases in India, the trend is gradually changing, with more women actively investing in real estate. Recognizing this shift, both state governments and financial institutions have introduced various
The National Capital Region Transport Corporation (NCRTC) is set to launch a co-working space, named MetroDesk, at the Ghaziabad Namo Bharat Station soon. This innovative initiative aims to turn urban transit areas into dynamic business hubs, introducing a pioneering coworking model within the Namo Bharat network. MetroDesk is tailored for professionals, entrepreneurs, and small businesses
8th Pay Commission News: The long-standing demand for the restoration of commuted pensions is again in discussion. Currently, this pension is restored after 15 years, but employee organisations want the government to cut this commutation period to 12 years. Now, after the announcement of the 8th Pay Commission, employees are hopeful that the government may
