Nita Mukesh Ambani Cultural Centre to open doors to audience on March 31
The launch will feature a specially curated art and craft exposition called ‘Swadesh’ along with three blockbuster shows – a musical theatrical called ‘The Great Indian Musical: Civilization to Nation’; a costume art exhibition called ‘India in Fashion’ and a visual art show called ‘Sangam/Confluence’.
Axis Bank, Shriram Housing Finance announce partnership for co-lending
Through this partnership, both the lenders will offer secured MSME (Micro, Small and Medium Enterprises) loans and home loans to the middle and low-income segment borrowers based in rural and semi-urban regions, a joint statement said.
Jain Irrigation completes merger of international business with Temasek's Rivulis
The merged entity will create a global Irrigation and Climate entity generating revenue worth USD 750 million. The deal will also considerably reduce the company's debt.
Investment is needed for UPI to grow 10X and reach three billion transactions a day: NPCI’s Dilip Asbe
Asbe said at News18’s Rising India Summit that there are dialogues within the ecosystem with the government and the stakeholders on how to grow UPI to 10X and how to ensure that onboarding of a large number of customers and merchants is smooth with the right investment.
NPCI recommends additional charges for merchant transactions via UPI
According to the NPCI circular, using PPIs on UPI will attract interchange at 1.1 percent of the transaction value for transactions worth over Rs 2,000.
Microsoft-owned GitHub lays off over 140 employees in India
The company has offered employees two months of salary and separate severance pay based on their experience and length of service with GitHub.
Tense atmosphere, tough questions rule Freshworks' All-Hands as 114 heads are set to roll
Founder and CEO Girish Mathrubootham explained to employees that out of the 114 employees who were affected around 90 are performance layoffs and around 24 are role eliminations.
Finance Bill 2023: Domestic royalty tax doubled to 20%
As per amendments to the Finance Bill, the rate of tax on royalties and fees from technical services earned by non-resident foreign firms has doubled from 10 percent to 20 percent
Can make hydrogen out of wastewater, biomass, says Gadkari
Addressing the inaugural Moneycontrol Policy Next- The Rs 10 Trillion Infra Push summit, the minister said hydrogen made through electrolyser is costly but by using biomass, hydrogen can even be produced without using electricity
ONDC expands into mobility space, takes on Ola, Uber with Namma Yatri onboard
ONDC went live in some pin codes of Bengaluru on September 30, and has since expanded to several cities — two of which including Bengaluru are in the beta stage, and 181 in the alpha stage.
NTPC REL to help Indian Army generate clean electricity through green hydrogen
Under the ambit of the MoU, a joint identification of potential sites would be undertaken for setting up of green hydrogen projects for supplying electricity in a phased manner. NTPC REL will also design, develop, and install renewable energy projects for the Indian Army
Ather Energy to set up charging points at MRTS, Suburban railway stations in Chennai
The partnership with Southern Railways will provide Ather Energy with a dedicated space of 100 sq. ft. at each MRTS/Suburban station to set up a charging zone enabling the company to place three chargers in one single location
Most likely to overshoot 1.5°C global warming limit: Major UN report on climate change
India welcomed the report, but it also highlighted that it talks about the need for increased climate funding and reminded the $100 billion promise made by the developed countries to the developing nations.
NTPC green venture teams up with Indian Oil for renewable energy projects
Through the JV, NTPC plans to help IOCL set up RE projects to the tune of 2.8-3 GW, a senior NTPC official told Moneycontrol. The renewable energy produced through these projects will be used to power IOCL's refineries.
Cabinet clears listing of IREDA through part-sale of government holding
The decision was taken due to change in IREDA's capital structure following infusion of capital to the tune of Rs 1,500 crore by the Government in March, 2022. The IPO will also create additional employment opportunities, the government said
PM Narendra Modi to inaugurate Whitefield-KR Puram Metro section on March 25: All you need to know
Metro users can cover the distance in 22 minutes for Rs 35.
SVB impact: Venture debt firms and investors set up emergency lines of credit for startups
Debt firms and VCs are offering specific credit lines, term loans, EMI and revenue-based financing model fusion for helping startups complete their working capital and payroll commitments.
Vistara to operate flights from Bengaluru airport’s Terminal 2 from March 26
Vistara will be the third airline to shift to T2 after Star Air (commenced operations on January 15, 2023) and AirAsia (since February 15, 2023).
ZEEL calls report on repayment of $10 million to IndusInd Bank 'speculative', stock falls
Issuing a clarification to the stock exchanges, ZEEL said that it is exploring several strategies, including settlement, in relation to the ongoing dispute mentioned in the news report.
Zoho to hire around 1,300 employees for its new office in Madurai
In November 2019, Zoho founder Sridhar Vembu moved from Silicon Valley to a village in the Tenkasi district in Tamil Nadu, a move aimed at empowering rural communities.
Namma Yatri to use open source maps, optimise cloud cost to help increase driver earnings
Namma Yatri app's software, data, and roadmap are open for public review and collaboration and the platform is calling for citizen participation and volunteering to help develop the product.
Sebi action against promoters group will not affect business, says Patanjali
Earlier, the stock exchanges put a freeze on 292.58 million shares of promoter group entities of Patanjali Foods Ltd for not meeting the minimum public shareholding norm within the stipulated deadline.
NTPC to import 5.4 million tons of coal to meet growing summer demand
The Union power minister also informed the Upper House that Railways has taken steps to purchase one lakh wagons for coal transportation
Zoho's Sridhar Vembu calls estranged wife's allegations 'complete fiction'
Vembu claims that he never transferred shares and said that he will continue to support his wife and son as long as he is alive. He also blamed his uncle for the messy battle.
