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Union Minister Hardeep Singh Puri Launches Swachhta Pakhwada-2024 in Delhi The Union Ministry of Petroleum and Natural Gas kicked off the Swachhta Pakhwada-2024 at Shastri Bhawan in Delhi. Union Minister for Housing and Urban Affairs, Hardeep Singh Puri, led the event and administered an oath for cleanliness to all senior officers and staff of the…
Indians Spend More on Weddings Than 18 Years of Education, Says Jefferies Report A recent report from Jefferies has revealed that Indians spend much more on weddings than on 18 years of child education. The average spending on weddings in India is about Rs 1.2 million (USD 14.5 thousand). This amount is five times higher…
SBI Launches MSME Sahaj for Quick Digital Business Loans State Bank of India (SBI) has introduced a new web-based solution called ‘MSME Sahaj – End to End Digital Invoice Financing’ to help MSMEs get business loans quickly. This service allows customers to apply for loans, complete documentation, and receive disbursements within 15 minutes, all without…
Air India to Open Pilot Training School in Amravati, Maharashtra Air India announced the opening of a Flying Training Organisation (FTO) at Amravati’s Belora airport in Maharashtra by the first quarter of financial year 2026. The FTO, licensed by the DGCA, will train 180 commercial pilots annually with 31 single-engine and 3 twin-engine aircraft. This…
India Joins Project Nexus with ASEAN Countries for Faster Cross-Border Payments India has joined Project Nexus, a global initiative aimed at enabling instant cross-border retail payments by linking the payment systems of various countries. This project was conceptualized by the Innovation Hub of the Bank for International Settlements (BIS). Founding Members The founding members of…
CBRE Survey: Indian Companies Increasing Flexible Office Spaces and ESG Focus New Delhi, India – CBRE South Asia Pvt. Ltd. has released its ‘2024 India Office Occupier Survey’ findings. The survey reveals that the number of companies with over 10% of their office space in flexible workspaces will rise from 42% in Q1 2024 to…
Uttar Pradesh Teams Up with EaseMyTrip to Boost Eco-Tourism The Uttar Pradesh Eco Tourism Development Board (UPETDB) has signed a Memorandum of Understanding (MoU) with EaseMyTrip, an online travel platform, to promote and develop tourism in Uttar Pradesh. This partnership will leverage EaseMyTrip’s extensive reach and technology to showcase the state’s rich eco-tourism offerings. Promoting…
Reliance Industries Could Reach $100 Billion in Value, Says Morgan Stanley New Delhi [India], July 1: In its fourth monetization cycle this century, Reliance Industries (RIL) is projected to achieve up to USD 100 billion in value creation, according to a research report by Morgan Stanley. The report suggests that with this level of value…
Bajaj Auto’s Two-Wheeler Sales Grow in June 2024, But Exports Decline Bajaj Auto, a major vehicle manufacturer in India, saw a 7% increase in domestic two-wheeler sales in June 2024 compared to June 2023. The company sold 1,77,207 units in June 2024, up from 1,66,292 units in June 2023. However, total sales, including exports, experienced…
Godrej Properties Announces New Project in Hinjewadi, Pune Godrej Properties Ltd. (GPL) has announced a new project in Hinjewadi, Pune, securing an approximately 11-acre land parcel with an estimated revenue potential of Rs 1,800 crore. The project will include group housing and high street retail, with a developable potential of around 2.2 million square feet….