Business

New Delhi, Oct 2025: Shri T S C Bosh has assumed charge as Director (Projects), REC Limited on 3rd October 2025. Today, Ministry of Power issued an order in this regard following approval of the Appointments Committee of the Cabinet (ACC) on 1st October 2025. With over 35 years of extensive experience in Power Sector, Shri Bosh has held several key leadership positions, including serving as the Chief Executive Officer of REC Power Development & Consultancy Limited. He has also demonstrated…

New Delhi, Oct 2025 : The Telecom Regulatory Authority of India (TRAI) on Friday released its recommendations for a digital radio broadcast policy for private broadcasters, setting the stage for a transition from analogue to digital radio services in the country. The proposed framework covers four “A+” cities — Delhi, Mumbai, Kolkata, and Chennai — and nine “A” category cities — Hyderabad, Bengaluru, Ahmedabad, Surat, Pune, Jaipur, Lucknow, Kanpur, and Nagpur. Under the policy, digital radio services will be launched…

Mumbai, Oct 2025 : Leading private banks HDFC Bank and ICICI Bank have announced that they will implement same-day cheque clearance starting October 4, in line with the Reserve Bank of India’s (RBI) updated settlement framework aimed at ensuring quicker and more secure payments. Under the new system, cheques deposited on or after October 4 will be cleared within a few hours on the same day, significantly reducing the earlier processing time of up to two working days. Both banks…

Ashwini Vaishnaw Urges States to use the opportunity & develop the electronic manufacturing industry in their states asserting, it gives jobs to youths in big numbers Oct 2025 : The Electronics Components Manufacturing Scheme has received an overwhelming response from both domestic and international industry leaders. This reflects India’s growing stature on the global stage and the increasing confidence of the domestic industry, including MSMEs, which have shown strong interest in making the country self-reliant in electronics manufacturing. The scheme…

Oct 2025 : Power Finance Corporation Ltd. (PFC), a Maharatna CPSE and the largest NBFC in India, has partnered with Export Finance Australia (EFA), the Australian Government’s export credit agency, to secure an ECA-backed financing facility from Citi, who acted as the Sole ECA Coordinator and Lead Arranger for the facility. This transaction marks EFA’s first-ever financing initiative in India, signalling EFA’s entry into one of the world’s fastest-growing renewable energy markets and underscoring its commitment to supporting sustainable infrastructure globally. The…

Oct 2025 :REC Power Development and Consultancy Limited (RECPDCL), a wholly owned subsidiary of REC Limited, the Maharatna CPSU under the aegis of Ministry of Power and a leading NBFC, handed over a project specific SPV (Special Purpose Vehicle) of ISTS Transmission Project under TBCB route viz, Rajgarh Neemuch Power Transmission Limited to M/s G R Infraprojects Limited on 29th September 2025. M/s G R Infraprojects Limited emerged as the Transmission Service Provider (TSP) through Tariff-Based Competitive Bidding (TBCB) process conducted by RECPDCL,…

India reaffirms its commitment to Strengthen international aviation safety, security, and sustainability India has been re-elected to the Part II of the Council of International Civil Aviation Organization (ICAO), a specialized UN agency. Part II comprises of States making the largest contribution to the provision of facilities for international civil air navigation. The election took place on 27 September 2025, during the 42nd ICAO Assembly Session, being held in Montreal. India secured more votes as compared to the 2022 elections, reflecting…

TEPA offers binding commitment of $100 bn investment and 1 million direct jobs in the next 15 years TEPA to stimulate services exports in sectors such as IT, business services, education, audio-visual etc TEPA provides Mutual Recognition Agreements in Professional Services like nursing, chartered accountants, architects etc India-European Free Trade Association(EFTA) Trade and Economic Partnership Agreement (TEPA) will come into effect on 01 October 2025. The agreement was signed on 10th March 2024 at New Delhi.TEPA is a modern and ambitious agreement that incorporates,…

Bharat Sanchar Nigam Limited (BSNL) is working to provide high-speed internet access to all 191 Gram Panchayats across Goa under the Bharat Net Project, said Shri. L. B. Lal, General Manager (GM), Goa Circle. He was speaking at a media interaction convened as part of the celebrations of 25 years of BSNL, at Goa Sanchar Bhavan, Patto, Panaji, today, September 30. Elaborating on the project, Shri Lal said that the initiative would involve the laying of 1,500 kilometers of optical…

The monthly accounts of the Government of India upto the month of August, 2025 has been consolidated and reports published. The highlights are given below: – The Government of India has received ₹12,82,709 crore (36.7% of corresponding BE 2025-26 of Total Receipts) upto August, 2025 comprising ₹8,10,407 crore Tax Revenue (Net to Centre), ₹4,40,332 crore of Non-Tax Revenue and ₹31,970 crore of Non-Debt Capital Receipts. ₹5,30,148 crore has been transferred to State Governments as Devolution of Share of Taxes by…