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By Shilpa Reddy , 20 April 2025
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India's Sugar Production Declines by 18% in 2024-25 Season Amid Decreased Output from Key States

India's sugar production for the ongoing 2024-25 season has witnessed a significant drop, with a total of 25.49 million tonnes produced so far, marking an 18% decline from the previous year. The downturn is primarily attributed to lower output from the country’s top three sugar-producing states—Maharashtra, Uttar Pradesh, and Karnataka. The Indian Sugar Mills Association (ISMA) reports a notable reduction in production across these states, significantly impacting overall output.

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  • Business
By main , 20 April 2025
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Seven Innovators Shortlisted in CII's Anti-Piracy Challenge: A Step Toward Securing Digital Content

The Confederation of Indian Industry (CII) has shortlisted seven teams for their innovative solutions in the digital content security space as part of the Anti-Piracy Challenge. These teams, including Aezowie Infotech Services, Atomstate, and Nuronics, were selected for their advancements in digital content protection, specifically in the areas of fingerprinting and watermarking technologies. The finalists will showcase their solutions at the World Audio Visual Entertainment Summit (WAVES) 2025, taking place in Mumbai from May 1-4.

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  • Technology Sector
By Vinod Pathak , 20 April 2025
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Tata Steel Tubes Division Achieves Milestone of One Million Tonnes in FY25, Reflecting Strong Growth

Tata Steel’s Tubes Division has achieved a significant milestone by crossing one million tonnes in production and sales for FY25. This achievement highlights the company’s leadership in the tubes and pipe manufacturing sector in India, underpinned by its expanding portfolio and focus on value-added solutions. The milestone reinforces Tata Steel’s commitment to meeting the evolving demands of industries across sectors.

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  • Business
By Gurminder Mangat , 20 April 2025
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Gujarat’s Heritage Tourism Boom: A Catalyst for Economic Growth and Employment

In the past year, over 36.95 lakh tourists, both domestic and international, visited 18 heritage sites across Gujarat, contributing significantly to the state's economy. This surge in tourism highlights the growing appeal of Gujarat’s rich cultural and historical legacy. Notably, Gujarat’s four UNESCO World Heritage Sites attracted over 12.88 lakh visitors, further solidifying the state's position as a prime destination for heritage tourism.

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  • Tourism
By Manbir Sandhu , 20 April 2025
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RBI Imposes Penalties on Kotak Mahindra Bank, IDFC First Bank & PNB for Compliance Lapses

The Reserve Bank of India (RBI) has recently imposed penalties on three major banks—Kotak Mahindra Bank, IDFC First Bank, and Punjab National Bank—for non-compliance with various regulatory directives. The penalties, which total over Rs. 1 crore, were imposed following lapses in areas such as loan systems, Know Your Customer (KYC) norms, and customer service guidelines. These actions serve as a reminder of the importance of strict adherence to regulatory frameworks in India’s banking sector.

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  • RBI
  • Banking
By Kirti Srinivasan , 20 April 2025
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Adani Ports' Strategic Acquisition of Abbot Point: A Bold Move Towards Global Expansion

Adani Ports and SEZ Ltd. (APSEZ), India's largest private port operator, has recently made a strategic move to strengthen its presence in the Asia-Pacific region. The company has announced a non-cash acquisition of the Abbot Point Port Holdings Pte Ltd (APPH), a coal export terminal in Australia, valued at approximately USD 2.4 billion. This acquisition, which marks APSEZ's fourth overseas expansion in the past two years, is seen as a crucial step in achieving its long-term growth objectives.

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  • Business
By Vinod Pathak , 20 April 2025
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Tata Power's Strategic Solar Expansion: A Glimpse into Its Market Outlook

Tata Power has recently announced the solarization of over 230 public institutions across Maharashtra, contributing a total of 107 MW of clean energy capacity. This initiative includes installations at 100 hospitals (3.6 MW), 64 schools (2 MW), and 72 government and institutional buildings (100 MW). These efforts are expected to offset approximately 130,000 tonnes of CO₂ emissions, equivalent to planting 2 million trees.

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  • Power
By Kirti Srinivasan , 20 April 2025
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LIC Housing Finance Appoints New CFO Amid Strategic Realignment

LIC Housing Finance Ltd. has announced the appointment of Lokesh Mundhra as its new Chief Financial Officer (CFO), effective April 17, 2025. This leadership transition comes as the former CFO, Sudipto Sil, takes on a new role as Head of Marketing for the Western Region in Mumbai. With over three decades of experience at LIC of India, Mundhra brings a wealth of financial acumen, having served across multiple verticals including finance, legal, and investments.

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  • Real Estate
  • Finance
By Vinod Pathak , 19 April 2025
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NIIT Deepens EdTech Capabilities with Majority Stake Acquisition in iamneo for Rs 61.3 Crore

In a move aimed at bolstering its technological training portfolio, NIIT Ltd. has acquired a 70% equity stake in iamneo, a cutting-edge skilling and digital learning solutions provider. The acquisition, valued at approximately Rs 61.3 crore, aligns with NIIT’s strategic expansion into AI-powered, scalable training solutions tailored for next-generation tech talent. The transaction includes a Rs 10 crore primary investment and sets the stage for full ownership, contingent on future performance milestones.

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  • Technology Sector
By Gurminder Mangat , 19 April 2025
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NTPC Strengthens Board with Diplomatic Expertise Through Appointment of Anil Kumar Trigunayat

In a strategic move that underscores its focus on global engagement and policy insight, NTPC Limited has announced the appointment of Anil Kumar Trigunayat as an Additional (Independent) Director on its board. Trigunayat, a veteran of the Indian Foreign Service, brings decades of diplomatic experience from key global postings. His appointment, effective April 17, 2025, follows approval by NTPC’s board and is valid for one year or until further orders from the Ministry of Power.

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  • Power
  • Business

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