Industry

GreenSat: Using satellite data to help farmers

This startup has partnered with a host of observatories to procure accurate data for precision farming

Deepak Yadav, Founder, GreenSat Innovation Labs

Cyware: Staying safe in a digital world

Cyware’s enterprise solutions are designed to promote secure collaboration, inculcate cyber resilience, enhance threat visibility and more

Akshat Jain, CTO and Co-founder, Cyware

‘Zoombombing’ backfires: Zoom reaches $85 million settlement of lawsuit over user privacy

Zoombombing is where outsiders hijack Zoom meetings and display pornography, use racist language or post other disturbing content.

'Zoombombing' backfires: Zoom reaches $85 million settlement of lawsuit over user privacy

4x jump in patent, trademark registrations in 5 years; ‘special care’ to MSME, startup applications: CGPDT

Ease of Doing Business for MSMEs: The officials briefed the minister over how the IP process has been simplified and streamlined along with new timelines for disposal of applications and shift to digi

RBI’s new rules on interchange fee, 24/7 bulk clearing facility functional

An interchange fee is a fee charged by banks to the merchant who processes a credit card or debit card payment.

PSU banks mobilise record fund of Rs 58,700 crore from markets in FY21

As per the RBI data, gross Loans and Advances of SCBs increased from Rs 109.19 lakh crore as of March 31, 2020 to Rs 113.99 lakh crore as of March 31, 2021.

1.74 lakh flats completely stalled in 7 cities; NCR’s share at 66 pc, MMR 24 pc: Report

Homebuyers in Delhi-NCR have been worst affected with several builders including Jaypee Infratech, Unitech, Amrapali, and The 3C Company, defaulting in their promises to deliver their projects.

India’s crude steel output up 21.4 pc at 9.4 MT in June: Worldsteel

India's crude steel production rose by 21.4 per cent year-on-year to 9.4 million tonnes (MT) in June, according to the World Steel Association.

crude steel production, crude steel output, World Steel Association, global leader in the production of steel, Japan's steel output, Brussels-based worldsteel represents

“Shared logistics can help put MSMEs on recovery path with infra, operational support from large firms”

Logistics for MSMEs: For smaller logistics MSMEs, continuous cash flow is integral to ensure operations are not hampered. However, they characteristically have lesser capital as opposed to their well-

supply chain, production

Govt doesn’t have data on lockdown-hit women-led units reporting decrease in sales revenue: Narayan Rane

Ease of Doing Business for MSMEs: According to a recent study by KVIC assessing the impact of the pandemic on micro units including women-led units under PMEGP, 88 per cent beneficiaries had reported

Idea Exchange | Disproportionate energy on tech firms vs govt narrative. The conversation must happen but not framed as a daily debate: Ajit Mohan, MD, Facebook India

"The interesting part for me is that the frantic midnight calls that I get are not from the Government of India, they are invariably from a first-time entrepreneur who has not been able to use Faceboo

Ajit Mohan, Managing Director, Facebook India

Q1 performance: NTPC profit rises 27% to Rs 3,146 crore

NTPC revenue increased 11.6% to Rs 26,802.3 crore in Q1 as the power company sold 66.6 billion units of electricity in the period, 19.3% higher than the corresponding period last fiscal.

NTPC's captive mines produced 2.5 MT of the fuel.

Digital Deals: This classroom is a buzzing business

Edtech sector attracts top dollar funding as traction grows

Companies operating in the space garnered $2.27 billion in the whole of 2020.

Tata Sons arm Panatone Finvest acquires 16.8% stake in Tejas Networks

Panatone acquired shares through stock exchange which includes sale of shares from key management people - Tejas Networks CEO and Managing Director Sanjay Nayak, chief technology officer Kumar N Sivar

Tata Sons arm Panatone Finvest acquires 16.8% stake in Tejas Networks

Centre encouraging patents, design trademarks ecosystem: Commerce and Industry Minister Piyush Goyal

"The pendency in the IPR department has come down drastically. It has also been decided that any pending application should be completed within days and not months," Goyal said while speaking about th

Centre encouraging patents, design trademarks ecosystem: Commerce and Industry Minister Piyush Goyal

IDFC First Bank logs Rs 630 cr loss in Q1 on Covid provisioning

Bank deposits were up by 36 per cent to Rs 84,893 crore. The retail loan book of the lender increased to Rs 72,766 crore as on June 30, 2021 from Rs 56,043 crore.

SBI waives processing fee on home loans till August-end

SBI said it is the bank's limited period 'Monsoon Dhamaka Offer', through which a home loan customer can gain substantially. The state-owned lender said the offer will help revive the consumer sentime

NTPC profit rises 17 pc to Rs 3,443 cr in Apr-Jun quarter

Total income in the quarter under review rose to Rs 30,390.60 crore from Rs 26,794.68 crore in the same period of the last year.

Average power tariff of the company was Rs 3.73 per unit in April-June 2021 compared to Rs 3.98 per unit in the same period a year ago.

Copenhagen Infrastructure New Markets Fund inks investment pact with Amp energy

The agreement enables joint equity investments in excess of USD 200 million in renewable energy projects in India, with the potential for future expansion.

Amp Energy India Private Ltd

Insolvency and bankruptcy code: The new route to M&A

While the IBC has greatly improved the prospects of mergers and acquisition of distressed assets, many challenges still remain in their smooth takeover.

For instance, Essar Steel India Limited was acquired by Arcelor Mittal India Pvt. Ltd. for Rs. 41,018 crores as against the outstanding dues of Rs. 49,473 crores.

PLI for specialty steel: Govt expects robust response from large firms

“As the scheme would be fund limited, in case the company fails to meet the committed threshold in any given year, it will not receive any benefits for that year.

Bandhan Bank Q1 net falls 32% on higher provisioning

Ghosh said during Q1FY22, around Rs 4,661 crore of loans were restructured, while gross slippages stood at Rs 1,661 crore.

Complaints against e-commerce players being looked into: Govt

The complaints were received from traders, retailers and industry associations, minister of state for commerce and industry Som Parkash said in a written reply in the Rajya Sabha.

On Friday, the minister said, to further strengthen the regulatory framework for prevention of unfair trade practices in e-commerce, the government has sought suggestions on the proposed amendments to the Consumer Protection (e-Commerce) Rules, 2020.

Discoms must apply for central grants by December 31: Power minister RK Singh

As per the design of the scheme, loss-making discoms will have access to the Centre's funds only after preparing a convincing programme for loss reduction, which has to be approved by the respective s

Under the scheme to be implemented in the five years to FY26, the Centre will fork out Rs 97,631 crore. “Most states assured us that they will submit their proposals before October 31,” the minister said.

First Solar plans $684-million solar manufacturing unit in Tamil Nadu

Hyderabad-based Premier Energies recently said it intends to invest around Rs 1,200 crore in the next two years to expand its solar module and cell manufacturing capacity and the planned unit will be

To ramp up domestic manufacturing, the Union Cabinet has already approved the introduction of production-linked incentive (PLI) scheme in 10 key sectors, under which Rs 4,500 crore has been earmarked for Indian solar module manufacturers for a five-year period.

Petronas JV will not cannibalise IOCL’s existing fuel retail business: IOCL chairman SM Vaidya

The company’s board has approved the diversification of IndianOil Petronas (IPPL), a joint venture of IOCL and Malaysia-based Petronas, into auto-fuel retailing business in India.

That is a new initiative. In the second phase, we will be monetising the other five high-capacity hydrogen units spread across the other refineries.

IOCL profit surges 211% to Rs 5,941 crore in Q1 on inventory gains

The oil refining and marketing company attributed the increase in profit to inventory gains, stemming from fluctuations in global oil prices and rising margins of petrochemical products.

The company’s board has also approved the diversification of IndianOil Petronas (IPPL), a joint venture of IOCL and Malaysia-based Petronas, into auto-fuel retailing business in India. IPPL currently focuses mainly on operating LPG import terminals at Haldia and Ennore.
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