Business

Aug 2025 : Government e Marketplace (GeM) has crossed a historic milestone of ₹15 Lakh Crore in cumulative Gross Merchandise Value (GMV) since its inception in 2016. This achievement underlines the trust and confidence of buyers and sellers across India in GeM’s vision of creating a transparent, efficient and inclusive public procurement ecosystem. Over the past nine years, GeM has evolved into a robust digital platform, bringing together government buyers and a diverse community of sellers, including Micro and Small…

Aug 2025 : Indian Renewable Energy Development Agency Limited (IREDA) today signed a performance-based Memorandum of Understanding (MoU) with Ministry of New and Renewable Energy (MNRE), Government of India, outlining strategic targets for the fiscal year 2025-26. The MoU was signed by Shri Santosh Kumar Sarangi, Secretary, MNRE and Shri Pradip Kumar Das, Chairman & Managing Director, IREDA at Atal Akshay Urja Bhawan, New Delhi, in the presence of senior officials from MNRE and IREDA. Under the MoU, the Government…

Mumbai, Aug 2025 — The financial troubles of Reliance Communications (RCom) and its promoter Anil Ambani deepened further after the Bank of India (BOI) classified the company’s loan accounts, along with those of Ambani and Reliance Telecom, as ‘fraudulent’. The development comes just days after the State Bank of India (SBI) issued a similar declaration against the company. In a filing to the stock exchanges on Sunday, RCom said it received a BOI letter dated August 8, which was delivered…

REC Limited, a leading NBFC and a Maharatna Central Public Sector Enterprise under the Ministry of Power, has been conferred with the ‘Best Design Thinking Award’ at the 5th DNA Awards organized by Banking Frontiers. This prestigious recognition has been awarded to REC for its innovative digital initiatives in Retail Bonds, reflecting the company’s commitment to leveraging technology & design thinking for enhancing customer experience and service delivery. Shri Jitendra Srivastava, CMD, REC Limited extended his heartfelt congratulations to the…

Aug 2025 : Power Finance Corporation Ltd. (PFC), a Maharatna CPSE and India’s leading NBFC in the power sector, has signed a loan agreement of EUR 150 million, with KfW on 21st August 2025. KfW is Germany’s largest promotional bank and is committed to improving economic, social and environmental conditions across the globe on behalf of the Federal Republic of Germany. The loan proceeds will be utilized to finance projects under the Government of India’s Revamped Distribution Sector Scheme (RDSS),…

“Space is Not About Conquering the Stars, It is About Improving Life on Earth”: Shri P.K. MishraIndia’s Space Reforms Unlock Startup Boom: From 2 in 2014 to 350+ Today ISRO brings together Government, Industry, Academia, and Citizens at Bharat Mandapam; Bold roadmap for the next decade unveiled Aug 2025 : As part of the 2nd National Space Day celebrations, commemorating the successful soft landing of the Vikram rover on the lunar surface, the Indian Space Research Organisation (ISRO) today hosted…

Aug 2025 : In terms of Para 13 of the Consolidated Procedural Guidelines on the Sovereign Gold Bond (SGB) Scheme issued by the Reserve Bank of India vide circular IDMD.CDD.1100/14.04.050/2021-22 dated October 22, 2021, premature redemption of the gold bonds is permitted after five years from the date of issue of such bonds. Accordingly, the details of tranches falling due for premature redemption during the period October 01, 2025 – March 31, 2026, along with the window available for submission of request for premature redemption by the investors are as under: Sl.No. Tranche…

Hyderabad Aug 2025 : – At its annual Made by Google event on Wednesday, Google unveiled its latest wearable innovations, introducing the Pixel Watch 4, Pixel Buds Pro 2, and Pixel Buds 2a. Each product comes with significant design refinements and upgraded features, reflecting Google’s push to create a seamless ecosystem across devices. Pixel Watch 4: Smarter, Brighter, and More Durable The Pixel Watch 4 is the highlight of this year’s lineup, debuting the new Google Actua 360 display, which…

E-commerce Tops Refund Grievances with ₹1.34 Crore Redressal NCH Sees Tenfold Surge in Calls; WhatsApp Complaints Jump to 20% The National Consumer Helpline (NCH) successfully facilitated refunds amounting to ₹2.72 crore in July 2025, addressing 7,256 consumer grievances across 27 sectors. The e-commerce sector recorded the highest volume of refund-related grievances with 3,594 cases, resulting in refunds worth ₹1.34 crore. This was followed by the Travel & Tourism sector, which accounted for refunds of ₹31 lakh. The helpline’s technological transformation has significantly enhanced its reach…

The Government has introduced an amendment in the National Highways Fee (Determination of Rates and Collection) Rules, 2008, vide the Gazette amendment Notification No. G.S.R. 388(E) published on 17th June, 2025. The amendment introduced a FASTag Annual Pass for non- commercial cars, jeeps, and vans, which has been effective from 15th August, 2025. Annual Pass scheme will be activated on payment of Rs. 3000/- and offers travel for non-commercial car/jeep/vans on all National Highway/National Expressway fee plaza for one year or upto…