Business

Gurugram, Aug 2025: REC Limited, a leading NBFC and Maharatna Central Public Sector Enterprise under the Ministry of Power, celebrated National Sports Day with great fervour at its Corporate Office. CMD Shri Jitendra Srivastava warmly welcomed the guests on the occasion. The event was graced by Ms. Sujata Chaturvedi (IAS) as the Chief Guest, along with the presence of Khel Ratna awardee and Olympian Manu Bhaker, renowned motivational speaker Captain Shri Dharamveer, and Nachhatar Singh Johal, CEO – TOPS, Sports Authority…

We need to secure our supply chains and build for export markets: Shri Goyal Focus energies on preventive Healthcare and patient welfare: Shri Goyal Aug 2025 : Union Minister of Commerce and Industry, Shri Piyush Goyal today addressed the 17th CII Global MedTech Summit, where he urged the industry to have bold goals for growth and use the government’s Research Development and Innovation Scheme to meet the aspirations of a vibrant India. The Minister commended the Indian MedTech industry for…

Government Committed to Shielding Industry from Unilateral Actions: Shri Piyush Goyal This year our exports will be higher than last year: Shri Goyal Shri Goyal Highlights Prime Minister’s Call for ‘Zero Defect, Zero Effect’ and ‘Daam Kam, Dum Zyaada’ Manufacturing Recent FTAs with developed nations and fast tracking of talks with several countries and groups is due to their desire to trade with a rising India: Shri Goyal The capability of India is not being correctly understood by some experts…

Green Energy Project in Assam New Delhi, Aug 2025 : Power Finance Corporation (PFC), a Maharatna PSU and a leading NBFC in the Indian power sector, has signed a landmark loan agreement of JPY 60 billion with the Japan Bank for International Cooperation (JBIC). This deal strengthens economic ties between India and Japan but also marks a crucial step in the field of sustainable development. The financing, falling under JBIC’s “Global action for Reconciling Economic growth and ENvironmental preservation (GREEN)” initiative,…

Aug 2025 : India’s economy is on a fast track to global dominance, with the latest EY Economy Watch report projecting a rise to $20.7 trillion by 2030 and potentially $34.2 trillion by 2038. The surge is fueled by strong fundamentals, demographic advantage, and sustained structural reforms. Currently, India is the world’s fourth-largest economy with an estimated nominal GDP of $4.19 trillion. With a youthful population (median age 28.8 years), high savings and investment rates, and a steadily declining debt-to-GDP…

By 2032 World to Face 1 Million Semiconductor Talent Shortfall; India Poised to Bridge the Gap and Lead in Semiconductor Talent: Shri Ashwini Vaishnaw Gujarat to Play Pivotal Role in Making Bharat a Global Semiconductor Hub: Shri Ashwini Vaishnaw Government Empowers Universities with State-of-the-Art Tools, Yields 20 Student-Designed Chips at SCL Mohali : Union Minister Vaishnaw Union Minister of Electronics and Information Technology, Shri Ashwini Vaishnaw along with Chief Minister of Gujarat Shri Bhupendra Patel today inaugurated one of India’s…

More than 56 crore Jan Dhan accounts opened in the last 11 years; total deposit balance Rs. 2.68 lakh crore: Union Finance Minister Smt. Nirmala Sitharaman 67% accounts opened in rural or semi-urban areas, women own 56% accounts; underprivileged individuals living in far-flung areas brought into the formal financial sector: Smt. Nirmala Sitharaman Jan Dhan Yojana is about dignity, empowerment and opportunity; PMJDY one of the most successful financial inclusion initiatives not only in the country but the whole world:…

Thiruvananthapuram (Kerala), Aug 2025 : In under nine months since commencing commercial operations, Adani Group’s Vizhinjam International Seaport has achieved a significant milestone of handling over 1 million twenty-foot equivalent units (TEUs). The achievement by the port operated by Adani Ports and Special Economic Zone (APSEZ) not only surpasses initial projections but has also redefined India’s maritime map. At a ceremony held at the port to commemorate the milestone, Kerala’s Minister for Ports V N Vasavan said the Vizhinjam Port…

Gurugram, Aug 2025: The 56th Annual General Meeting (AGM) of the REC Limited was held yesterday at 11:00 A.M. through Video Conferencing. Shri Jitendra Srivastava, Chairman & Managing Director chaired the meeting and was attended by all the Directors on the Board of the Company. He said, “During the year under review, REC achieved record operational and financial milestones, solidifying its position as a performance-driven public financial institution. Loan sanctions reached ₹3,37,179 crore, with disbursements of ₹1,91,185 crore, reflecting effective capital…

Power Finance Corporation (PFC), India’s largest NBFC and CPSE based on asset size. PFC is at the forefront of the country’s energy transition and net zero mission and has the largest renewable sector loan book. New Delhi Aug 2025 : Power Finance Corporation Limited (PFC) exchanged Memorandum of Understanding (MoU) for FY 2025-26 with the Ministry of Power (MoP). The MoU was e-signed by Shri Pankaj Agarwal, Secretary, Power, and Smt. Parminder Chopra, CMD, PFC as per the Department of…