Business
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Citroen Partners with BluSmart Mobility to Expand Electric Fleet in India
French automaker Citroen has partnered with Indian EV firm BluSmart Mobility to bolster the latter’s electric vehicle fleet in India. The collaboration entails the supply of 4,000 Citroen e-C3 compact SUVs over a year. Initially, 125 e-C3 units were launched from BluSmart’s Bengaluru EV charging hub. This move aims to enhance BluSmart’s existing fleet of 7,000 EVs. Citroen’s e-C3 boasts…
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Adani Energy Solutions Wins Prestigious CII Climate Action CAP 2.0 Award 2023
Ahmedabad, 16 March 2024: Adani Energy Solutions Limited (AESL), India’s largest private transmission and distribution company and part of the globally diversified Adani Portfolio, has been conferred with Indian Industry body CII’s coveted Climate Action Programme ‘CAP 2.0 Award’ for 2023 in the ‘Resilient category’. The ‘Resilient category’ recognizes the company’s significant strides in resilience and adaptability, marking a notable…
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Modi Govt Reduce Petrol and Diesel by Rs 2, just before LS election
The central government led by Prime Minister Narendra Modi has announced Rs 2 per liter reduction in the prices of petrol and diesel, bringing relief to consumers ahead of the upcoming Lok Sabha elections. Effective from 15th March at 6 am, the price of both petrol and diesel will be slashed by two rupees, as confirmed by the Ministry of…
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British Airways’ Initiative with the Butterflies NGO Spreads Joy Among the Underprivileged Indian Street Children
British Airways, a leading global airline, continues its commitment to corporate social responsibility by partnering with Butterflies NGO in India, aimed at empowering underprivileged kids. The donation drive was carried out by 83 Indian employees of British Airways, including cabin crew, sales personnel, airport and cargo staff who came together in cities such as Bangalore, Delhi, Chennai, Mumbai and Hyderabad…
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Mysore Paints Eyes Growth with Diversification Plans
Bengaluru, Karnataka – The Karnataka government-owned Mysore Paints and Varnish Limited (MPVL) is set for a significant expansion, aiming to double its annual revenue this year. This ambitious target was announced by Heavy Industries Minister MB Patil following a board meeting yesterday. Currently generating a turnover of Rs. 34-35 crores, MPVL projects reaching Rs. 77 crores in 2024. The primary…
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Gold Prices Climb in India on US Interest Rate Cut Speculation
Bengaluru, India – March 10, 2024: Gold prices in India have continued their upward trend for the past ten days, mirroring a global surge. This rise is attributed to anticipation of a potential interest rate cut by the US Federal Reserve. Investors are holding off on major decisions until the Fed’s stance becomes clearer. Currently, 10 grams of 22-carat gold…
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Cooking Gas Cylinder Prices Marked Down by ₹100
New Delhi: Prime Minister Narendra Modi declared a price reduction of ₹100 for cooking gas cylinders today, in honor of International Women’s Day. The announcement was conveyed by PM Modi on the social media platform X, formerly known as Twitter. A 14.2 kg cooking gas cylinder costs around 930 rupees in Hubballi. The government on Thursday announced the extension of ₹ 300…
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Dearness Allowance Soars as Government Greenlights 4% Surge for Employees
Dearness Allowance(DA) Hike: The Indian government, led by Prime Minister Narendra Modi, has approved a 4% increase in Dearness Allowance (DA) for central government employees, bringing it to 50% of Basic Pay. Effective from January 1, 2024, this adjustment aims to offset the impact of rising prices. The additional financial burden on the exchequer, including Dearness Relief for pensioners, is…
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Pradhan Mantri Ujjawala Yojana: Cooking Gas Subsidy Likely Extended by a Year
The government is considering extending the Pradhan Mantri Ujjwala Yojana (PMUY) subsidy on cooking gas cylinders by another year, until March 31, 2025, according to sources. This move aims to provide continued financial relief to low-income families. Current Subsidy Scheme: Presently, the government provides a subsidy of Rs 300 per 14.2 kg LPG cylinder to eligible beneficiaries under PMUY. This…
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Union Minister Pralhad Joshi to Launch Second Tranche of Auction of Critical and Strategic Mineral Blocks
Union Minister of Coal, Mines & Parliamentary Affairs, Pralhad Joshi will be launching Second Tranche of Auction of Critical and Strategic Mineral Blocks on 29th February 2024. During the launch event, letters of financial grants will be handed over to the start-ups in mining and mineral sector. Additionally, Annual Capacity Building Plan for GSI will be released during the program. Launch…
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