BII bullish on Indian EV ecosystem, expects to invest $300 million in 3 years: MD Abhinav Sinha

British International Investment, UK’s development finance institution, is betting big on the Indian electric vehicles ecosystem and expects to invest another $300 million in the next three years, according to its MD and Head of Technology & Telecoms, Abhinav Sinha. The company, which has backed Mahindra group’s electric vehicles (EV) arm besides other startups like … Read more

Vivo T3 Lite 5G launch date announced; check details

Vivo T3 Lite 5G Launch Date: The smartphone company Vivo has recently announced the launch date for its upcoming Vivo T3 Lite 5G. The company has described the new smartphone as a ‘powerhouse of performance.’ The smartphone is set to have advanced capabilities at an affordable price, Vivo has claimed.  The brand new Vivo T3 … Read more

IGL announces Rs 1 per kg hike in CNG prices

In a development affecting daily commuters and the transportation sector, Indraprastha Gas Limited (IGL) has announced an increase in Compressed Natural Gas (CNG) prices by Rs 1 per kilogram. The new pricing structure came into effect at 6:00 a.m. on June 22, resulting in an immediate impact on various regions across the country, including New … Read more

Essar awaits final approvals to start work on $4.5 billion steel plant in Saudi Arabia

Essar Group is awaiting final approvals to start investing about $4.5 billion in building a low-carbon steel plant in Saudi Arabia, its top official Prashant Ruia said. The approvals are expected anytime now, after which the conglomerate will start working on the 4 million tonne per year steel plant along with port facilities at Ras … Read more

Lupin, Eugia recall products from US market: USFDA

Drugmaker Lupin and a unit of Aurobindo Pharma are recalling products from the American market due to manufacturing issues, according to the US health regulator. As per the latest Enforcement Report issued by the US Food and Drug Administration (USFDA), a US-based unit of Lupin is recalling a medication used to treat bacterial infections. Baltimore-based … Read more

SBI plans to open 400 branches in FY25: Chairman Khara

As part of the network expansion plan, State Bank of India (SBI) is planning to open 400 branches across the country in the current financial year. The country’s biggest lender opened 137 branches last fiscal. Of the total, 59 new rural branches were launched. “Somebody asked me if 89 per cent of digital and 98 … Read more

IAF to acquire 6 Tapas drones, lead military acquisition for Made-in-India UAVs

In a major boost to enhancing indigenous unmanned surveillance capabilities of defence forces, the Indian Air Force has made a proposal to the central government to buy 10 Tapas drones, officials said on Sunday. Out of the 10, six Made-in-India drones would be for the Indian Air Force, while the remaining four would be for … Read more

Delhi weather update: Rain brings respite from scorching heat, maximum temperature recorded at 39.8 degrees Celsius

Light showers and an overcast sky provided some respite to inhabitants of the national capital on Sunday, with the maximum temperature recorded at 39.8 degrees Celsius, according to the India Meteorological Department (IMD). “A thunderstorm with rain is expected on June 24 and 25,” said IMD. On Friday, the weather agency anticipated a typically gloomy … Read more

India’s disaster management moving forward with ‘zero casualty’ approach: Amit Shah

While making an appeal to all the states and the union territories to timely implement the advisories issued by the National Disaster Management Authority (NDMA) for flood management, Union Home Minister Amit Shah said on Sunday that India’s disaster management is moving forward with a ‘zero casualty’ approach under the leadership of Prime Minister Narendra … Read more