Business

REC Limited, a Maharatna CPSE under the Ministry of Power and a leading NBFC, has signed a Memorandum of Agreement (MoA) with the District Health Society (DHS) Raipur under its Corporate Social Responsibility (CSR) initiative. REC has committed financial assistance of ₹2.01 crore for the procurement of health equipment for three Community Health Centres (CHC) and the District Hospital of Raipur District, Chhattisgarh. The project will be implemented by the DHS, Raipur. The agreement was signed on 9th January 2025…

5 lakh individuals including students, educators, developers, government officials, and women entrepreneurs to be trained by 2026 through this collaboration “AI Catalysts”, Center of Excellence, to be established for  promoting rural AI innovation in Tier 2 and Tier 3 cities and equip 100,000 AI innovators and developers Collaboration to support responsible AI development and establishment of AI Safety Institute in India IndiaAI, an Independent Business Division (IBD) under the Digital India Corporation, has signed a Memorandum of Understanding (MoU) with Microsoft to drive the…

A Global Showcase of India’s Food Economy Introduction Since its inception in 2017, Indusfood has become a significant platform showcasing India’s dynamic food economy while connecting global businesses with the nation’s expanding food and beverage sector. The 8th edition of Indusfood, Asia’s premier Food and Beverage (F&B) Trade Show, was inaugurated by Shri Chirag Paswan, Union Minister of Food Processing Industries, on 8th January 2025 at the India Exposition Mart Ltd in Greater Noida, Gautam Budh Nagar. The event is scheduled…

Indian Renewable Energy Development Agency Limited (IREDA) has achieved ‘Excellent’ rating for the performance MoU signed with the Ministry of New & Renewable Energy (MNRE) for the financial year 2023-24, with a score of 98.24 (rounded off 98). This marks the fourth consecutive year that IREDA has received ‘Excellent’ rating, showcasing its unwavering commitment to operational excellence and highest standards of corporate governance. In the previous three years, IREDA consistently delivered exceptional results, achieving an ‘Excellent’ rating with scores of…

The Union Minister of Ports, Shipping & Waterways, Shri Sarbananda Sonowal announced major initiatives to boost the capacity at Kandla Port worth an investment of more than ₹57,000 crores here today. The two major announcements include construction of a new Mega Shipbuilding Project with an investment of ₹30,000 crores. The other major announcement is development of a new cargo terminal outside of Kandla creek at an investment of ₹27,000 crores which will add an additional 135 MTPA capacity to the…

Steel Ministry organizes event on Artificial Intelligence and Machine Learning, paves the way for a smarter Steel Industry The Ministry of Steel, organized a program on “Artificial Intelligence and Machine Learning in the Steel Industry” on 7th January, 2025 in New Delhi. This program aimed to delve deeply into the transformative potential of Artificial Intelligence in steelmaking and for its integration into the domestic steel industry to enhance efficiency across the value chain. It sets a benchmark for the industry…

The Reserve Bank had launched the third edition of its global hackathon – “HaRBInger – Innovation for Transformation” with the themes ‘Zero Financial Frauds’ and ‘Being Divyang Friendly’ covering four problem statements (Press Release dated June 07, 2024). 2. The hackathon received an enthusiastic response with 534 proposals, of which 39 were received from teams outside India, including the United States, the United Kingdom, Hong Kong, Singapore, Brazil, Morocco, among others. The Hackathon ran in three phases with shortlisting of 70…

Gurgaon : REC Limited, a Maharatna CPSE under the Ministry of Power and a leading NBFC, has disbursed loans worth ₹54,692 crore, up 17.98% year-on-year for the Quarter ended December 31, 2024. The quantum of renewable energy loan disbursements grew 58.09% year-on-year to ₹6,314 crore in the corresponding period. For 9-months (Q1-Q3) FY24-25, REC disbursed total loans amounting to ₹1, 45,647 crore, which is higher by 19.30% compared to ₹1,22,089 crore disbursed in corresponding period of FY23-24. Of this, renewable energy…

Shri Bhuvnesh Kumar assumed charge as the Chief Executive Officer (CEO) of Unique Identification Authority of India (UIDAI) on Wednesday. He is an officer of the 1995 batch IAS from the Uttar Pradesh cadre. A graduate and gold medalist from the National Institute of Technology, Kurukshetra, he held several important positions both at the Centre and in his cadre state. Along with CEO UIDAI, he continues to be an Additional Secretary in the Ministry of Electronics and Information Technology (MeitY), Government of India. Earlier,…