Reliance Industries Limited (RIL) has secured production-linked incentives (PLI) worth ₹3,620 crore for manufacturing advanced chemistry cell (ACC) batteries. This win comes as part of the Ministry of Heavy Industries’ (MHI) rebidding process, where RIL emerged as the top contender for 10 GWh of ACC production capacity. With this latest development, RIL now holds a …
Unicommerce Esolutions Ltd has announced a strategic partnership with Bright Lifecare Private Limited, the omnichannel retailer behind the brand HealthKart. HealthKart has adopted Unicommerce’s leading e-commerce enablement SaaS platform to enhance its supply chain management. This collaboration aims to streamline order processing and fulfilment for HealthKart’s nutritional products, which are sold under brand names such …
On September 4, 2024, Star Health and Allied Insurance Co. Ltd (Star Health Insurance), India’s largest retail health insurer, introduced the first insurance policy available in Braille. This initiative highlights Star Health Insurance’s dedication to inclusivity and accessibility, making it easier for visually impaired and blind individuals to access information and make informed decisions about …
India is one of the fastest-growing and most diverse alcoholic beverage markets globally. The sector demonstrates significant growth potential, driven by favourable demographics and increasing social acceptance. In recent years, the alcoholic beverages industry in India has experienced remarkable expansion. The market size for alcohol in India is projected to reach USD 55.84 billion by …
Havells, a leading company in the Fast-Moving Electrical Goods (FMEG) sector, has launched its newest products: the Studio Meditate AP400 and AP250 air purifiers. Building on the success of the previous Studio Meditate model, which was well-received for its SpaceTech technology, these new air purifiers offer even more advanced features and better performance to ensure …
On September 4, 2024, NATCO Pharma Limited announced that its wholly-owned Canadian subsidiary, NATCO Pharma (Canada) Inc., has invested US$ 8 million in eGenesis, Inc., a leading biotechnology firm specialising in xenotransplantation. eGenesis is at the forefront of developing human-compatible organs for transplantation. In March 2024, eGenesis achieved a significant milestone by performing the world’s …
On September 4, 2024, ITCONS E-Solutions Limited announced several significant contract wins, highlighting its growing presence in the IT services sector. The company secured a new work order from Wipro Limited, valued at ₹23,76,000. This contract involves providing onsite support services through 10 employees for network management, IT helpdesk, and desktop services at various ICICI …
The drone market in India is set to bring in $27 million in revenue in 2024, with an expected annual growth rate of 5.78% from 2024 to 2029. Drone manufacturers in India are experiencing impressive growth, driven by strong market trends and innovation. The industry is booming, with drones used in diverse fields such as …
Introduction: A New Milestone for RITES and NBCC RITES Ltd., a leading transport infrastructure consultancy, has announced a significant partnership with NBCC (India) Ltd., a central public sector enterprise under the Ministry of Housing Development. This collaboration aims to explore and execute a wide array of consultancy services, fee-based projects, and EPC (Engineering, Procurement, and …
Raymond Group is making headlines with its strategic demerger plans, which are set to reshape the company’s future. Shares of Raymond Lifestyle are poised to be listed soon, marking a significant milestone in the group’s demerger strategy. This move is part of Raymond’s larger vision to streamline its operations, focus on core competencies, and unlock …
