Business

Ahmedabad, Aug 2025: Adani Defence Systems and Technologies Limited (ADSTL), through its venture Horizon Aero Solutions Limited, in partnership with Prime Aero Services LLP, has signed a definitive agreement to acquire a 100% stake in Indamer Technics Private Limited (ITPL), India’s pioneering private-sector MRO provider. Horizon is a 50-50 partnership between ADSTL and Prime Aero, a company owned by Prajay Patel, the director of Indamer Technics. Strategically located at Nagpur in the MIHAN special economic zone (SEZ), ITPL has set…

New Delhi, Aug 2025 : The Income Tax Department has released the ITR-5 Excel Utility for Assessment Year (AY) 2024–25, enabling eligible entities such as partnership firms, Limited Liability Partnerships (LLPs), cooperative societies, and certain trusts to file their annual returns. The ITR-5 form applies to a wide range of entities, including Associations of Persons (AOPs), Bodies of Individuals (BOIs), artificial juridical persons, cooperative societies, societies registered under the Societies Registration Act, local authorities, business trusts, and investment funds. It…

Jan Bhagidari is helping Government in the fight against misuse of telecom resources Sanchar Saathi Mobile App is available in English, Hindi and 21 Regional languages The Mobile App allows users to Report Suspect Fraud Communications within seconds directly from the Call/ SMS logs The Sanchar Saathi initiative by the Department of Telecommunications (DoT) has made a significant impact in enhancing telecom security and empowering citizens. Since its launch, the mobile app has crossed 50 lakh downloads within six months.…

Shri Hardeep Singh Puri, Minister of Petroleum and Natural Gas, today said that “India’s ethanol journey is unstoppable,” while participating in a Fireside Chat Session on the sidelines of the Pioneer Biofuels 360 Summit. Responding to a question on the success of the Ethanol Blended Petrol (EBP) programme, the Minister highlighted that ethanol blending gained serious momentum only after 2014, when Prime Minister Narendra Modi assumed office. In 2014, ethanol blending was merely 1.53%. By 2022, India achieved 10% blending,…

The Reserve Bank of India has decided to grant ‘in-principle’ approval to AU Small Finance Bank Limited (AUSFB), for transitioning from a Small Finance Bank (SFB) to a Universal Bank. It is most worthy stating, that the Guidelines for licensing of Small Finance Banks (SFB’s) in the Private Sector dated November 27, 2014 had provided a transition path for SFBs to convert into Universal Banks subject to the SFB’s fulfilling minimum paid-up capital / net worth requirement as applicable to Universal…

In a view to democratize access to innovation by breaking language barriers, Atal Innovation Mission (AIM), NITI Aayog, and Bhashini, the Digital India Bhashini Division (DIBD) under the Ministry of Electronics and Information Technology (MeitY), signed a Statement of Intent (SoI) today in New Delhi. This strategic partnership aims to foster vernacular innovation and promote language inclusivity across India’s rapidly evolving innovation and entrepreneurship ecosystem. The SoI was formalized during a meeting between the leadership from both sides, including Deepak…

Ahmedabad, Aug 2025: Adani Power Ltd., India’s largest private sector thermal power generator, today said it has received a Letter of Intent (LoI) from Bihar State Power Generation Company Ltd. (BSPGCL) to supply 2,274 MW power to North Bihar Power Distribution Company Ltd. (NBPDCL) and South Bihar Power Distribution Company Ltd. (SBPDCL) from a 2,400 MW thermal power project to be developed at Pirpainti in Bhagalpur District of Bihar. Adani Power was the lowest bidder in a tightly contested tender…

Apple CEO Tim Cook has announced on Wednesday, 06th. August, that his company is investing another $100 billion to expand its operations in the United States, as President Donald Trump said he would levy a large import tax on chips coming into the country. The tech giant’s decision comes after it had already committed an earlier decision of investing $500 billion in growing its domestic footprint as tariffs levied by Trump on US trading partners have cost Apple billions. The…

Comprehensive Guidelines Drive Govt Messaging Across Print, Digital and AV Media Government Partners with Global Tech Giants to Develop Skilled Workforce for AVGC-XR; Indian Institute of Creative Technologies (IICT) Launched with Rs. 392.85 Cr Investment to Train Next-Gen Talent in AVGC-XR Creative freedom and OTT regulation: Freedom of expression including creative freedom is protected under Article 19 of the Constitution. To address the negative effects of harmful content on OTT platforms, Government has notified the Information Technology (Intermediary Guidelines and…

First round of National Young Chef Competition held in Chandigarh for North Zone 11 hospitality institutes participate in live cook-off; two teams advance to Grand Finale The vocabulary of culinary institutions in the country needs to change to reflect the rich culture and history of Indian cuisine. This was stated by Chef Manjit Gill at the launch of India’s first national-level competition for young chefs which was held in Chandigarh today for the six states of northern region. Conceptualised by…