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India extends transmission fee waiver for renewable hydrogen facilities source-thumnail

India extends transmission fee waiver for renewable hydrogen facilities source

India has extended a waiver of transmission fees for renewable hydrogen power manufacturing facilities commissioned before January 2031, as it seeks to become the world’s cheapest producer of the fuel,

Business

Apr 11, 2023

Jakson Green secures 1 GW renewable energy orders in India, Africa, Middle East-thumnail

Jakson Green secures 1 GW renewable energy orders in India, Africa, Middle East

The EPC orders in India include one of the world’s foremost renewable energy asset managers to construct the country’s largest C&I solar park in Bikaner. Jakson Green Energy Solutions is

News

Apr 11, 2023

Uber Sells $400 Million Stake in Careem to Boost Super App Business-thumnail

Uber Sells $400 Million Stake in Careem to Boost Super App Business

Ride-hailing giant Uber has announced that it has sold its $400 million stake in Careem, the Middle East-based ride-hailing company it acquired in 2019, in a move to enhance its

Business

Apr 11, 2023

SEBI Directs AIFs to Offer Direct Plans and Trail Model for Fee Payments-thumnail

SEBI Directs AIFs to Offer Direct Plans and Trail Model for Fee Payments

The Securities and Exchange Board of India or SEBI has issued new directives to alternative investment funds (AIFs) in a bid to increase transparency and reduce mis-selling practices in the

Finance

Apr 11, 2023

Cost Inflation Index (CII) for FY 2023-24 announced by CBDT-thumnail

Cost Inflation Index (CII) for FY 2023-24 announced by CBDT

The Central Board of Direct Taxes (CBDT) has announced the Cost Inflation Index (CII) for the fiscal year 2023-24. The CII is a crucial tool for taxpayers in India to

Finance

Apr 11, 2023

A new Apple retail store will open on April 18 in Mumbai, followed by a store opening on April 20 in Delhi-thumnail

A new Apple retail store will open on April 18 in Mumbai, followed by a store opening on April 20 in Delhi

The iPhone manufacturer also inked a lease deal that forbids roughly two dozen technology, electronics, and e-commerce companies from setting up shop anywhere close to its soon-to-be-opened store at Mumbai’s

Manufacturing

Apr 11, 2023

India’s e-commerce logistics sector is projected to exceed 10 billion parcels by FY28, says Redseer report-thumnail

India’s e-commerce logistics sector is projected to exceed 10 billion parcels by FY28, says Redseer report

A recent report by Redseer Strategy Consultants suggests that India’s e-commerce logistics space will exceed 10 billion parcels by FY28, thanks to new categories and growth in Tier 2+ cities,

Business

Apr 11, 2023

The State Bank of India is considering raising $2 billion through offshore bonds-thumnail

The State Bank of India is considering raising $2 billion through offshore bonds

The board of directors will meet on April 18 to discuss cash raising.The country’s largest lender, State Bank of India, said on Monday that it is considering raising $2 billion

News

Apr 11, 2023

This coworking SaaS startup receives $2 million and is valued at $20 million-thumnail

This coworking SaaS startup receives $2 million and is valued at $20 million

The rapid rise of the coworking and managed workspaces sector has been spurred in large part by India’s emergence as a corporate and startup hotspot. Stylework, a coworking marketplace, has

News

Apr 11, 2023

MPL’s Mayhem Studios raises $20 million from Sequoia, Steadview, Truecaller, and others-thumnail

MPL’s Mayhem Studios raises $20 million from Sequoia, Steadview, Truecaller, and others

The Mobile Premier League (MPL), an esports and online gaming unicorn based in Bengaluru, launched Mayhem Studios last year. Mayhem Studios has raised $20 million in a Series A round

Investment & Funding

Apr 11, 2023

Ex-CEO Parag Agrawal and two others are suing Elon Musk’s Twitter. Here’s why?-thumnail

Ex-CEO Parag Agrawal and two others are suing Elon Musk’s Twitter. Here’s why?

In the action, ex-CEO Parag Agrawal and the company’s former senior legal and finance officers argue that they are owed more than $1 million and that Twitter is legally obligated

News

Apr 11, 2023

‘Look at what’s going on in India,’ Nirmala Sitharaman advises foreign investors-thumnail

‘Look at what’s going on in India,’ Nirmala Sitharaman advises foreign investors

Finance Minister Nirmala Sitharaman was addressing the Peterson Institute for International Economics (PIIE) during a fireside conversation about the Indian economy’s growth.  Finance Minister Nirmala Sitharaman has advised investors to

Finance

Apr 11, 2023


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