Green financing: India auctioned ₹20,000 crore worth sovereign green bonds in FY24

[ad_1] The government auctioned sovereign green bonds worth ₹20,000 crore in FY24, compared to ₹16,000 crore in FY23 to mobilise resources for green infrastructure projects, particularly for expanding renewable energy capacity.Also read:Indian bond yields stop swaying to the US tuneBesides,...

Bhavish Aggarwal’s Krutrim launches android application, opens up cloud infra for businesses

[ad_1] Ola founder Bhavish Aggarwal’s Krutrim, India’s first AI unicorn platform, has launched its standalone android app and has opened up its cloud platform, Krutrim Cloud to enterprises, researchers, and developers. With this, Ola Krutrim will compete with Microsoft Azure,...

DMart Q4 net profit up 22.5%

[ad_1] Avenue Supermarts, which runs the DMart hypermarket chain, reported a 22.5 per cent rise in consolidated net profit in Q4 of FY24, on revenue that rose a fifth driven by mostly food, while, general merchandise and apparel saw a...

India objects to EU’s ban on scrap exports, trade restrictions to non-OECD member countries

[ad_1] India has raised objections to a European Union (EU) proposal to levy duty on export of (ferrous) scrap from member nations or ban export of scrap to non-OECD countries. Also read:Editorial. EFTA-India trade deal tentative in scope  At a recent...

WhatsApp bans 79.54 lakh accounts in March

[ad_1] Social media platform WhatsApp has said that it banned 79.54 lakh accounts in March 1-31. And 14.30 lakh of these accounts were proactively banned before any reports from users.Also read:Apple pulls WhatsApp, Threads from China app store after Beijing...

Drop in production affects tea arrivals at Kochi auctions

[ad_1] The Kochi tea auction market witnessed a significant drop in offerings this week in the absence of declining production across plantations due to the prevailing hot weather. Offerings in the future also indicate a noticeable decline.Also read:Rain deficiency hits...

Freshworks acquires Device42 for $230 million to boost capabilities in advanced IT asset management

[ad_1] Freshworks, the Chennai/US-based SaaS company has acquired the US-based startup Device42 for $230 million. This is the first acquisition Freshworks has made post the company’s IPO in September, 2021 that will boost its capabilities in advanced IT asset management.Also...

Renewable sources make up 71% of new power capacity addition in FY24

[ad_1] Renewable energy (RE) sources contributed to 71 per cent of the overall new power capacity addition in 2023-24, a report from CEEW Centre for Energy Finance (CEEW-CEF) revealed.Also read:10 years of NDA: Renewable energy industry’s performance has been pretty...

Rice procurement tops 47 million tonnes, down 6% from a year ago

[ad_1] On the back of a significant increase in rice procurement from the rabi crop in Telangana, the total procurement in the 2023-24 season (October-September) was 47.03 million tonnes (mt) until April 30 against 49.88 mt a year ago, down...

Need to do away with red tape for sector to grow: Vandana Hari

[ad_1] Vandana Hari, CEO & Founder Vanda Insights shares her thoughts on India’s fossil fuel story and New Delhi coming of age in dealing with geopolitical challenges. Excerpts:Rate the performance of this NDA government on a scale of one to...
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