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MakeMyTrip Foundation Commits Five Crore Towards Relief Efforts In The States Of Himachal Pradesh And Uttarakhand
OutlookIndia
·
2y ago
Medial
MakeMyTrip Foundation, the philanthropic arm of online travel company MakeMyTrip, has pledged five crore rupees towards relief efforts in the states of Himachal Pradesh and Uttarakhand. The funds will be utilized to provide immediate aid and support to the affected communities, including food, shelter, medical assistance, and rehabilitation. The initiative aims to help those affected by natural disasters in the region and contribute to their recovery.
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J&K Emerging As New Agritech Startups’ Hub: MoS Jitendra Singh
Inc42
·
1y ago
Medial
Jammu and Kashmir is emerging as a hub for agritech startups in India, with the town of Bhaderwah in the Doda district being the foundation for these initiatives. The region is nationally recognized as the birthplace of the "Purple Revolution" and has inspired other Himalayan states like Uttarakhand, Himachal Pradesh, and Nagaland. Lavender farmers from Bhaderwah have created over 3,000 successful startups, contributing to India's economic growth and PM Modi's vision of a developed India by 2047. The agritech sector in India is projected to have a market opportunity worth $24 billion by 2025, attracting significant investments.
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TechEagle launches drone hubs in collaboration with healthcare institutions in eight states
Economic Times
·
9m ago
Medial
TechEagle has launched eight dedicated hubs in collaboration with healthcare institutions in India to facilitate the rapid delivery of medical supplies to underserved communities using drones. Inaugurated virtually by Prime Minister Narendra Modi, these hubs will play a crucial role in deploying essential medicines, vaccines, and diagnostic samples to remote areas. The hubs are located in various states, including Assam, Uttarakhand, and Himachal Pradesh, with plans to expand to over 200 locations in the coming year. With reduced delivery times compared to traditional ground transport, TechEagle aims to establish a nationwide drone delivery airline that can support deliveries across different sectors.
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Greenko acquires GI Hydro's Sikkim project for enterprise value of ₹1,000 cr
Livemint
·
1y ago
Medial
Greenko, a renewable energy company backed by GIC Holdings, Abu Dhabi Investment Authority, and ORIX Corp, has completed the acquisition of the 110 MW Chuzachen hydro-electric project in Sikkim. The deal, valued at ₹1,000 crore, adds to Greenko's existing hydro projects in Himachal Pradesh, Uttarakhand, Karnataka, and Sikkim. Sikkim offers significant potential for hydroelectric projects due to its long rainy season, although severe winter conditions can impact power generation. The acquired project was previously owned by GI Hydro, which has faced financial difficulties and defaulted on loan repayments in 2016.
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Adani Power moves Supreme Court for ₹280 crore refund from Himachal Pradesh government | Mint
Livemint
·
11m ago
Medial
Adani Power has approached the Supreme Court seeking a refund of INR 280 crore from the Himachal Pradesh government related to the Jangi Thopan Power Project. This comes after the Himachal Pradesh High Court overturned a previous decision to refund the premium for the hydropower project. The dispute began in 2005 when Himachal Pradesh invited bids for two hydropower projects and Adani Power sought to recover the premium deposited with another bidder. The High Court ruled that Adani Power's financial arrangement lacked the necessary approval and that no lawful relationship existed between Adani and the state.
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Bajaj Group unveils ‘Bajaj Beyond’ initiative; commits ₹5,000 crore for social impact programmes
Thehindubusinessline
·
1y ago
Medial
The Bajaj Group has committed ₹5,000 crore to social impact initiatives over the next five years through their new identity, Bajaj Beyond. The focus will be on skill development to benefit over two crore youth in India. Over the past decade, the Bajaj Group has contributed nearly ₹4,000 crore towards CSR initiatives, primarily in the areas of education, health, livelihood, water conservation, and more. The group aims to empower India's youth and equip them with the tools needed for success. The initiative will expand skilling efforts across the group and bridge the gap between theoretical education and practical skills.
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House of Abhinandan Lodha to invest over Rs 1,250 crore in new land acquisitions across India in FY25
Money Control
·
1y ago
Medial
Mumbai-based real estate firm The House of Abhinandan Lodha (HOABL) plans to invest over Rs 1,250 crore in acquiring more land across India by FY25. The majority of the investment will be in states where HOABL is already operational, such as Maharashtra, Goa, Uttar Pradesh, Punjab, and Himachal Pradesh. The company also plans to acquire new lands in Madhya Pradesh, Rajasthan, and Gujarat. HOABL aims to deliver 6 million square feet of development by December 2024, and have about 700 acres of development and an additional land bank of 1,000 acres by March 2025. The company also plans to develop projects in six more cities, including Amritsar, Khopoli near Mumbai, Nagpur, Varanasi, Shimla, and Vrindavan.
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LIC agents earn ₹14,931 a month in Maharashtra, ₹20,446 in Andaman & Nicobar
Livemint
·
11m ago
Medial
According to data from the Life Insurance Corporation (LIC), LIC agents in Himachal Pradesh earn an average monthly income of ₹10,328, the lowest among all states and Union Territories. On the other hand, LIC agents in Andaman & Nicobar Islands earn the highest average monthly income at ₹20,446. Uttar Pradesh has the highest number of LIC agents, with over 1.84 lakh agents earning an average monthly income of ₹11,887. Maharashtra, West Bengal, Tamil Nadu, Karnataka, and Rajasthan also have a significant number of LIC agents with varying income levels.
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Crypto kingpin behind Rs 200-crore fraud in Himachal Pradesh still at large
Economic Times
·
1y ago
Medial
Police are still searching for the mastermind behind a cryptocurrency fraud that has swindled people in Himachal Pradesh, India, out of over Rs 200 crore ($27 million) since 2018. The gang used deceptive tactics to lure investors by promising high returns in a short period of time. They created a network of investors and operated a Ponzi-style scheme, with initial investors bringing in more people. The fraudsters launched multiple coins, manipulated their prices, and built fake websites. Five people have been arrested so far, and investigations are ongoing.
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National Startup Day: India home to 118k recognised start-ups; Gujarat, Karnataka, Kerala, Tamil Nadu top list
Business Today
·
1y ago
Medial
On National Startup Day, the Department for Promotion of Industry and Internal Trade (DPIIT) announced rankings for states and union territories based on their startup initiatives. Gujarat, Karnataka, Kerala, and Tamil Nadu secured the top spots in the best performer category for states with a population of over 10 million. Himachal Pradesh claimed the top spot in the best performer category for states with a population less than 10 million. India is home to 118,370 recognized startups, and the country saw the emergence of 950+ new tech startups in 2023, solidifying its position as the world's third-largest startup ecosystem.
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Union Minister Nitin Gadkari lays foundation for NH projects worth Rs 2,042 crore in Karnataka
Economic Times
·
25d ago
Medial
Union Minister Nitin Gadkari inaugurated nine national highway projects in Karnataka with an investment of Rs 2,042 crore. These projects, covering 88 km, include road safety improvements and new constructions. Gadkari mentioned current and future projects worth Rs five lakh crore in the state, emphasizing enhanced connectivity and reduced travel times. Significant developments include a Ring Road in Bengaluru, and improved links between states like Karnataka, Andhra Pradesh, and Tamil Nadu. This expansion illustrates India's broader infrastructure ambitions.
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