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E to E Transport announces launch of initial public offering

India, Dec. 19 -- E to E Transportation Infrastructure Ltd. has announced public offering of 4840000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 164.00 per share. The gross proceeds... Read More


RBI imposes Rs 50,000 penalty on Tamilnadu Circle Postal Co-operative Bank

India, Dec. 19 -- The Reserve Bank of India (RBI) has imposed a monetary penalty of Rs 50,000 on The Tamilnadu Circle Postal Co-operative Bank Limited, Tamil Nadu, for non-compliance with RBI directio... Read More


RBI imposes Rs 2.5 lakh penalty on The Arakonam Co-operative Urban Bank, Tamil Nadu

India, Dec. 19 -- The Reserve Bank of India (RBI) has imposed a monetary penalty of Rs 2.50 lakh on The Arakonam Co-operative Urban Bank Limited, Tamil Nadu, for contravention of provisions of the Ban... Read More


NBA releases Rs 14.88 cr ABS funds to Andhra Pradesh for Red Sanders conservation

India, Dec. 19 -- The National Biodiversity Authority (NBA) has released Rs 14.88 crore (about USD 1.65 million) as Access and Benefit Sharing (ABS) funds to the Andhra Pradesh Forest Department for c... Read More


Tata Power, LSE and IGC launch Energy Insights & Innovation Lab to support India's clean energy transition

India, Dec. 19 -- Tata Power on Friday announced the launch of the Energy Insights & Innovation Lab (EIIL) at its Mumbai headquarters, in collaboration with the London School of Economics and Politica... Read More


Ather Energy to enter auto insurance distribution; to set up wholly owned subsidiary

India, Dec. 19 -- Ather Energy on Friday announced plans to enter the auto insurance services space by incorporating a wholly owned subsidiary that will operate as a Corporate Agent, marking its foray... Read More


Railways operate Niryat Cargo Express from Gurugram to Mundra Port

India, Dec. 19 -- Indian Railways has operated the Niryat Cargo Express, an export-focused assured transit service, as a double-stack container train from the Ichhapuri Container Terminal in Gurugram ... Read More


Over Rs 94 cr XV Finance Commission grants released for PRIs in Uttarakhand

India, Dec. 19 -- The Union Government has released Rs 94.24 crore as XV Finance Commission (XV FC) grants for Rural Local Bodies and Panchayati Raj Institutions (PRIs) in Uttarakhand during the finan... Read More


PM e-Bus Sewa–PSM scheme to support over 38,000 electric buses; 13 States/UTs submit mandates

India, Dec. 19 -- The PM e-Bus Sewa–Payment Security Mechanism (PSM) Scheme, with a total outlay of Rs 3,435.33 crore, aims to support the deployment of more than 38,000 electric buses across th... Read More


PM E-DRIVE scheme earmarks Rs 2,000 cr for pan-India EV charging infrastructure

India, Dec. 19 -- The Government has allocated Rs 2,000 cr under the PM E-DRIVE scheme for the deployment of public electric vehicle (EV) charging infrastructure across the country, including tribal a... Read More