London-headquartered Vedanta Resources (VRL) has sought investors’ approval to extend the maturity date of its $3.15-billion dollar bonds, even as it secured a $1.25-billion new funding to repay part of the debt. The company has also offered to pay $779 million in February for notes due in 2024 and 2025. Following the move, rating agency […]
Mitsubishi Electric India announced the launch of its state-of-the-art smart manufacturing facility for advanced Factory Automation Systems in Talegaon Industrial area, Maharashtra, India. The overall manufacturing facility, it said, measures 40,000 sq.m, initially built up to 15,400 sq.m, backed by a Greenfield Investment of Rs 2.2 billion. “This investment reinforces Mitsubishi Electric‘s commitment to strengthen […]
B2B e-commerce startup Udaan has raised $340 million in a Series E funding round led by UK-based M&G and with participation from existing investors such as Lightspeed Venture Partners and DST Global. The round included a combination of fresh equity investment and conversion of existing debt (convertible notes) into equity. The company plans to use […]
The Central Board of Secondary Education is most expected to release the official datesheet for the class 10 and class 12 board examinations very soon on the official website, cbse.gov.in. As for now, the board has announced that the exam commencing date, that is, February 15. This year, the number of students applying for the […]
Honeywell recently hosted 237 students at the US Space & Rocket Center (USSRC) in Huntsville, Alabama, for the annual Honeywell Leadership Challenge Academy (HLCA). Among them, This diverse gathering included students from 45 countries and 29 US states and territories, encompassing children of Honeywell employees and students from Charlotte Mecklenburg County Schools involved in the […]
About 6.271 projects worth Rs 1.16 lakh crore have been implemented under the Smart Cities Mission across the 100 selected cities for the mega-project of the Central government, according to the Minister of State for Housing and Urban Affairs, Kaushal Kishore in a written response to the Rajya Sabha during the ongoing winter session of […]
IPG Mediabrands-owned Initiative India has been a tech industry favourite, having worked with brands such as Cred, Unacademy and Urban Company. Ranked the third-largest media agency in India by RECMA in 2022, it is tapping new opportunities in myriad sectors. Vaishali Verma, CEO of Initiative India, tells Christina Moniz how clients’ expectations from their agencies […]
Switzerland’s Ambassador to India, Ralf Heckner, has expressed optimism that the crucial European Free Trade Association (EFTA) deal with the country would be wrapped up before the 2024 general elections.Heckner stressed on the importance of the proposed trade deal for unlocking innovation and investment opportunities.”Both sides have been negotiating very closely and seriously over the […]
Elon Musk’s Starlink satellite internet project, a venture aimed at providing broadband access to underserved rural areas in the United States, has been denied an $85.5 million subsidy from the Federal Communications Commission (FCC). The funding, part of the FCC’s Rural Digital Opportunity Fund (RDOF), was intended to enhance internet accessibility in remote regions. The […]
India will strive for consensus-based “declaration document” on the approach to AI opportunities and risk mitigation during the Global Partnership on Artificial Intelligence (GPAI) Summit, which will be inaugurated by the PM on Tuesday and entail multi-stakeholder deliberations around this new frontier of technology. India, which has always championed democratisation of technology for the masses, […]