Business

Vizhinjam International Seaport is set to make history as it welcomes the MSC IRINA, the world’s largest container ship by TEU (Twenty-foot Equivalent Unit) capacity, on Monday, June 9. This marks the vessel’s maiden visit to any port in South Asia, underscoring Vizhinjam’s advanced infrastructure and capacity to handle Ultra-Large Container Vessels (ULCVs). With a massive capacity of 24,346 TEUs, the MSC IRINA is a milestone in global maritime engineering and logistics. The ship measures 399.9 metres in length and…

Nine of the top 10 most valued firms together added Rs 1,00,850.96 crore in market valuation last week, with Reliance Industries and HDFC Bank leading with maximum gain, in line with an optimistic trend in equities. Last week, the BSE benchmark Sensex surged 737.98 points, or 0.90%. From the top – 10 firm, Tata Consultancy Services (TCS) emerged as the only laggard, while, Reliance Industries, HDFC Bank, Bharti Airtel, ICICI Bank, State Bank of India, Infosys, Life Insurance Corporation of…

The President has appointed Shri T. Rabi Sankar, Deputy Governor, Reserve Bank of India (RBI), as a part-time Member of the 16th Finance Commission (XVIFC). He shall hold office from the date of assuming charge until the submission of the Commission’s Report or 31st October, 2025, whichever is earlier. The appointment of Shri T. Rabi Sankar is consequent to the resignation of one of the full-time Members of the XVIFC, Shri Ajay Narayan Jha, on personal grounds. The XVIFC was constituted on…

Over 200 Experts from Government, Academia and Industry Deliberate on Strategies for Responsible AI Adoption in India The UNESCO Regional Office for South Asia, in collaboration with the IndiaAI Mission, and Ikigai Law as the implementing partner, organized a multi-stakeholder consultation on AI Readiness Assessment Methodology (RAM) in India, at the Shangri-La Eros Hotel, New Delhi on 3rd June 2025. This was the final in a series of five stakeholder consultations under the AI RAM initiative by UNESCO and IndiaAI Mission,…

Steel Authority of India Limited (SAIL) organized the SAIL – Defence Conclave 2025 at its Alloy Steels Plant (ASP) in Durgapur on 4th June, 2025, reinforcing the company’s strategic commitment to strengthening India’s defence infrastructure. As a key supplier of specialized defence-grade steel for indigenization projects, SAIL convened the conclave to foster deeper collaboration with Defence Public Sector Undertakings (DPSUs) and engage in discussions on evolving defence sector requirements. The event centered on themes of self-reliance, indigenisation and import substitution,…

“India’s maritime prowess soars, global collaborations give thrust to Make in India”: Union Minister Sarbananda Sonowal GRSE, Kolkata signs MoI with Carsten Rehder (CR), Germany for Construction of 7,500 DWT Multi Purpose Vessels GRSE inks strategic MoUs with UAE’s Aries Marine and a Global Engine Manufacturer India’s L&T and Norway’s DNV signs MoU on collaboration in multiple sectors The Union Minister of Ports, Shipping & Waterways (MoPSW), Shri Sarbananda Sonowal, attended the MoU signing ceremonies in Oslo, as Indian maritime companies inked…

REC Limited, a Maharatna Central Public Sector Enterprise and a leading NBFC under the Ministry of Power, has received approval from the Central Board of Direct Taxes (CBDT), Department of Revenue, Ministry of Finance, Government of India, vide Notification No. 52/2025 dated 30th May, 2025, for the issuance of Five Lakh Zero Coupon Bonds (ZCBs) with a tenure of ten years and six months, aggregating to a total amount of ₹5,000 crore. These Zero Coupon Bonds, issued at a deep…

THDC India Limited (THDCIL), announced the successful commencement of COD process of the 1st Unit (250 MW) of the 1000 MW Variable Speed Pumped Storage Plant (PSP) at Tehri, Uttarakhand. This landmark achievement marks a historic milestone in India’s renewable energy journey, establishing the Tehri PSP as the largest Pumped Storage Plant by any Central Public Sector Enterprise (CPSE) and the first Variable Speed PSP in the country. The commencement was virtually  graced by Shri Manohar Lal, Union Minister of…

An investment under the Prime Minister’s Development Initiative for Northeast (PM-DevINE), the Shillong campus will operate as a regional hub for specialized training, research, and policy advisory across key domains In a landmark step toward inclusive national growth and regional capacity building, the Indian Institute of Corporate Affairs (IICA), under the Ministry of Corporate Affairs, formally acquired a five-acre land parcel in New Shillong Township, Meghalaya, for its first-ever regional campus. This initiative marks a significant expansion of IICA’s footprint…

The fight against tobacco is not just a health issue—it is a social and educational mission that touches the lives of millions of young people across India. To mark World No Tobacco Day 2025, the Ministry of Education, in collaboration with MyGov, has launched the World No Tobacco Day Awareness Quiz 2025 to empower students, teachers, and citizens with knowledge about the harmful effects of tobacco and the importance of making informed choices. What makes this quiz truly special is…