Business

Ahmedabad : Adani Power Ltd., a part of Adani portfolio companies, today said that it has achieved an exceptional score of 67 (out of 100) in the Corporate Sustainability Assessment (CSA) by global rating agency S&P Global for FY 2023-24. This compares to the sectoral average of 42 and APL’s own FY23 score of 48. With this score, Adani Power is in the top 80 percentile of all global electric utilities. In several elements of CSA score like Human Rights,…

Move in line with increasing India’s global share in the $300 billion global gaming market MoU to focus on bridging talent gap in the sector by training professionals in coding, animation, game design Interactive entertainment sector poised to grow over $60 billion by 2034 and create over 2 million jobs as per USISPF Report In a major thrust  to redefine India’s enviable position in the global gaming industry, the Department for Promotion of Industry and Internal Trade (DPIIT) signed a Memorandum…

Two Coal Blocks Auctioned on Day 2 of 10th Round of Commercial Coal Mine Auction Ministry of Coal has executed the agreements for 3 coal blocks with successful bidders on November 22, 2024. The event marked the successful auctions of 104 coal blocks till date since the launch of commercial coal mining in the country by Prime Minister Shri Narendra Modi. All these three coal blocks are fully explored coal blocks. Secretary, Ministry of Coal, Shri Vikram Dev Dutt, along…

MUMBAI : Digital payments fintech Phi Commerce has received National Payment Corporation of India (NPCI) certification to offer UPI Switch for its enterprise customers, primarily to sustain high transaction volumes. Considered as the next revolutionary innovation in the digital payments space, the UPI Switch enables fintechs like Phi Commerce to onboard enterprise customers instantly, reducing substantial turnaround time associated with the existing bank-driven process to induct new customers. This, in turn, benefits enterprise customers to offer a broad range of…

New Delhi: India’s public broadcaster, Prasar Bharati, unveiled its new OTT platform, ‘Waves,’ on Wednesday. The app promises to provide users with access to an extensive archive of content from Doordarshan and Akashvani. In addition to archival material, ‘Waves’ offers around 40 live channels, including popular entertainment and news broadcasters. These channels include B4U, ABZY, SAB Group, and 9X Media, alongside prominent news networks such as India Today, News Nation, Republic, ABP News, News24, and NDTV India. Speaking at the…

REC Power Development and Consultancy Limited (RECPDCL), a wholly owned subsidiary of REC Limited, the Maharatna CPSU under the aegis of Ministry of Power, has handed over the project specific SPV (Special Purpose Vehicle) of HVDC Transmission Project under TBCB route viz, Khavda V-A Power Transmission Limited to Power Grid Corporation of India Limited on 19th November 2024 at Gurugram.  Power Grid Corporation of India Limited (PGCIL) emerged as the Transmission Service Provider (TSP) through Tariff-Based Competitive Bidding (TBCB) process conducted by…

Coal India Limited (CIL) under the aegis of the Ministry of Coal, has been conferred with the esteemed Green World Environment Award in the Corporate Social Responsibility (CSR) category along with the distinguished tile of Green World Ambassador. Ministry of Coal has overall responsibility of determining policies and strategies in respect of mining of coal and other minerals in large interest of the country. This prestigious international award has been given to CIL for exemplary work in the field of…

New Delhi : The GST Council, chaired by Union Finance Minister Nirmala Sitharaman, is set to convene its next meeting in Jaisalmer, Rajasthan, on December 21. A key agenda is expected to be the exemption or reduction of GST on health and life insurance premiums. The Council may also deliberate on rationalizing tax rates for essential goods such as bottled drinking water and student notebooks, aiming to shift them to the 5% tax slab from the current 12%. The Group…

Union Minister of State for Rural Development and Communication Dr. Chandra Sekhar Pemmasani inaugurated Saras Aajeevika Mela 2024 during 43rd India International Trade Fair (IITF), Hall No. 9 & 10 at Bharat Mandapam, New Delhi today.  After inauguration MoS visited all the stalls in the Saras Aajeevika Mela and interacted with all the SHG’s Didis. The Senior officials from the ministry accompanied the minister during the visit. The Minister was highly impressed by the wide variety of products displayed at…

Singapore – REC Limited, a Maharatna CPSE under the Ministry of Power and a leading NBFC, has been honored with the Adam Smith Awards ASIA 2024 in the “Best Funding Solution” category. The award was presented at a ceremony held in Singapore by Ms. Sophie Jackson, Joint Publisher at Treasury Today Group.  Sh. Hemant Kumar, Chief Compliance Officer, and Sh. Koshal Puri, Sr. General Manager (Finance) received the award on behalf of REC.   The Adam Smith Awards ASIA is…