Business

Sanghi Industries and Penna Cement to be merged with parent company Ahmedabad, 17 December 2024: Ambuja Cements, the cement and building material company of the diversified Adani Portfolio, today announced separate Schemes of Arrangement of its subsidiaries Sanghi Industries Limited (SIL) and Penna Cement Industries Limited (PCIL). The proposed Schemes inter alia provide for the Amalgamation of SIL and PCIL with Ambuja Cements. Mr. Ajay Kapur, CEO – Cement Business, Adani Group, said, “This merger aims to make our company…

In a bid to virtually empower startups in the manufacturing sector, the Department for Promotion of Industry and Internal Trade (DPIIT) has signed a Memorandum of Understanding (MoU) with Tally Solutions Pvt Ltd, a renowned leader in business management software. Pertinently, this strategic partnership is aimed at introducing a comprehensive, module-based workshop series, tailored to address critical challenges faced by startups in areas such as financial management, compliance, marketing, digitization, and investment preparedness. Dwelling on the wider horizon of this…

Department for Promotion of Industry and Internal Trade (DPIIT) has inked a partnership with HDFC Bank, India’s largest private sector bank by assets, by signing an MoU to empower startups with world-class banking and financial services. The collaboration aims to strengthen the overall startup ecosystem by offering knowledge sharing, mentorship, and capacity-building programs to foster innovation and growth. Startups will benefit from customized banking and financial products designed to cater their specific requirements, such as working capital, credit access, and…

Hindustan Petroleum Corporation Limited (HPCL) has signed an agreement with NICDC Logistics Data Services Ltd. (NLDS) to integrate its APIs with Unified Logistics Interface Platform (ULIP). This partnership is a significant step towards enhancing transparency, operational efficiency, and innovation in India’s logistics sector. The agreement was signed in the presence of Shri Rajat Kumar Saini, CEO & MD, NICDC and Chairman, NLDS, and Avinash Jain, Chief General Manager, North Zone, HPCL. The signing took place between Shri Girish Kumar Supur,…

New Delhi : REC Limited, a Maharatna CPSE under the Ministry of Power and a leading NBFC, has signed a Memorandum of Agreement (MOA) with THDC India Limited (THDCIL) under its Corporate Social Responsibility (CSR) initiative. REC has committed financial assistance of Rs. 3.97 crore for the development of an Olympic-size swimming pool at the THDCIL Water Sports High Performance Academy of Canoeing & Kayaking in Koteshwar, Tehri (Uttarakhand). The agreement was signed on friday between Shri Pradeep Fellows, Executive Director,…

Vice President Shri Jagdeep Dhankar underscores India’s Maritime Heritage as ‘Global Connector’ IMHC to Draw Up Blueprint to Make India a Global Hub and As a Leading Maritime Nation: PM Shri Narendra Modi The inaugural day of the much-awaited India Maritime Heritage Conclave 2024 (IMHC 2024), organised by the Ministry of Ports, Shipping and Waterways (MoPSW) at Yashobhoomi, Dwarka, New Delhi, commenced today with a special session addressed by Hon’ble Vice President Shri Jagdeep Dhankhar, who emphasised the importance of…

Dr. Jitendra Singh Hails StartUps and Innovations as Catalysts for India’s Viksit Bharat 2047 Vision “Amazon SMBhav” Venture Fund Grows to $350 Million, the Minister Hails Its Role in Driving AI Innovation and Local Manufacturing Union Minister of State (Independent Charge) for Science and Technology; Earth Sciences and Minister of State for PMO, Department of Atomic Energy, Department of Space, Personnel, Public Grievances and Pensions, Dr. Jitendra Singh, speaking at the “Amazon SMBhav 2024” summit here, emphasized India’s extraordinary strides…

Income generating activities are being conducted in the Van Dhan Vikas Kendra established by the Forest Department in the state of Chhattisgarh. By joining this institution, there is a positive change in the lives of the people of the forest region. These products have got a new identity in the market due to modern branding and training of experts. In the financial year 2023-24, the women of Van Dhan Vikas Kendra Keshodar sold herbal products worth about Rs 82 lakh…

The Ministry of Ports, Shipping, and Waterways has granted Adani Krishnapatnam Port Ltd. permission to import petroleum by sea, as announced in a notification on Friday. The decision, made in the public interest, enables the Andhra Pradesh-based port to support the country’s growing energy demands through maritime imports. Adani Ports & Special Economic Zone Ltd. acquired Krishnapatnam Port, located in Andhra Pradesh’s Nellore district, in December of last year. This world-class, all-weather deep-water port operates round the clock and is…

At the Rising Rajasthan Global Summit 2024, held at the Jaipur Exhibition and Convention Centre (JECC) in Sitapura, Karan Adani, Managing Director of Adani Ports and SEZ Ltd, announced a groundbreaking Rs 7.5 lakh crore investment plan for Rajasthan. Speaking at the summit on Monday, Adani shared the group’s ambitious vision to drive the state’s economic and industrial transformation. Karan Adani emphasized that over half of this massive investment will be implemented within the next five years, primarily focusing on…