Business

Jaipur : The Singapore investor roadshow and outreach with the global firms by a high-level delegation of the Rajasthan government, led by Industries and Commerce Minister Col. Rajyavardhan Rathore has built up the tempo for ‘Rising Rajasthan’ Global Investment Summit 2024. The delegation met with several Singapore-based companies, many of which expressed keen interest in collaborating with the state government and exploring business opportunities in Rajasthan. This includes some of the leading Singaporean companies like Sembcorp, PSA Horizons, Surbana Jurong,…

Jaipur : The high-level delegation led by Chief Minister Shri Bhajan Lal Sharma started off its European leg of investor outreach today with holding one-on-one interaction with Excellency Dr. Florian Herrmann, Head of the Bavarian State Chancellery and Minister of State for Federal Affairs in Munich. During the meeting, Chief Minister Shri Sharma invited Germany to become a ‘Partner Country’ of the upcoming ‘Rising Rajasthan’ Global Investment Summit 2024 and offered to set-up a dedicated investment zone for the German…

Union Minister for Road Transport and Highways Shri Nitin Gadkari, today reaffirmed the government’s commitment to advancing ethanol blending and biofuel initiatives at the 12th CII Bioenergy Summit 2024, themed “Fuelling the Future – Securing India’s Green Growth Goals”. The event took place in New Delhi. Highlighting the success of ethanol blending in India, Shri Gadkari noted that ethanol blending in petrol has surged from 1.53% in 2014 to 15% in 2024, with a target to reach 20% by 2025. Research…

India GCC Trade Council today announced that Bency George, Director of the Indian Economic Trade Organization for corporate international relations has been appointed to the India GCC Trade Council board of directors. Mr. George will serve on India GCC Council’s Nominating & Governance Committee and Free Trade Agreement & Human Resources Committee. “We are pleased to welcome a leader of such calibre to our board,” said Saad Al Dabbagh, Chairman of the board. “With Bency’s leadership history of driving growth…

Competition Commission of India has approved the acquisition of Home and Personal Care (HPC) division of Patanjali Ayurved Limited (PAL) by Patanjali Foods Limited (PFL). The proposed Combination involves the acquisition of PAL’s HPC business division (non-food business) by PFL. PFL is engaged in processing of oilseeds, refining of crude oil for edible use, production of oil meal, food products from soya and value-added products from downstream and upstream processing. It is also engaged in the business of fast-moving consumer goods,…

The Steel Authority of India Limited (SAIL), the largest government owned steel producer in India, and leading global resources company, BHP, are collaborating to support steelmaking decarbonisation, following the signing of a Memorandum of Understanding (MoU) between the parties. This collaboration is an important step for SAIL and BHP in promoting lower carbon steelmaking technology pathways for the blast furnace route in India. Under this MoU, the parties are already exploring a number of workstreams supporting the potential decarbonisation at…

Gurgaon, 5 Oct 2024: REC Limited, a Maharatna CPSE under the Ministry of Power and a leading NBFC, has disbursed loans worth ₹90,955 crore, up 20.10% year-on-year for the half year ended September 30, 2024. The quantum of renewable energy loans grew 92.68% year-on-year to ₹11,297 crore. In Q2 FY24-25, REC disbursed loans amounting to Rs 47,303 crore, which is higher by 13.71% compared to Rs 41,598 crore disbursed in Q2 FY23-24. Of this, renewable energy loans aggregated to Rs 5,946…

PFC, a Maharatna company and leading NBFC in Indian power and infrastructure sector, is proud to announce the successful closing of issuance of largest-ever foreign currency term loan from an Indian PSU amounting to USD 1.265 billion. This landmark transaction was executed through a facility agreement with multiple banks based in IFSC GIFT City, Gandhinagar. The loan will primarily be deployed towards financing assets other than thermal generation projects, furthering PFC’s strong commitment to decarbonization and the transition to green…

Ahmedabad : The Adani Group and Google announced a collaboration today that will advance the companies’ collective sustainability goals and add more clean energy to India’s grid. Through this partnership Adani will supply clean energy from a new solar-wind hybrid project located in the world’s largest renewable energy plant at Khavda, Gujarat. This new project is expected to start commercial operations in the third quarter of 2025. With proven capabilities in delivering large scale wind, solar, hybrid and energy storage…

Competition Commission of India has approved the acquisition of Bharat Serums and Vaccines Limited by Mankind Pharma Ltd. The proposed transaction involves the acquisition of 100% shareholding of Bharat Serums and Vaccines Limited (BSV) by Mankind Pharma Ltd. (Mankind) (Proposed Combination). Mankind is a public listed company and is engaged in developing, manufacturing, and marketing a diverse range of pharmaceutical finished dosage formulations (FDFs) across various acute and chronic therapeutic areas, as well as several consumer healthcare products such as…