Ambuja Cements will launch a 6,000 crore rupee green power plan to invest in renewable energy. The leading cement brand made this declaration on 18th December. This information was provided in an exchange filing. Ambuja wants to become a top provider in the world for sustainable cement production. Ambuja Cements deals in cement and building materials. It is owned by Adani Group. Investment Plan of Ambuja Cements Ambuja has stated that it is going to provide the funds for investing in renewable energy internally. This is the only announcement regarding the procedure of the investment that has been made public…
Author: Editorial Team
The State Bank of India (SBI) raised its Marginal Cost of Funds-Based Lending Rate (MCLR) and base rate. They announced this change on their website, with the new rates being applicable from today. The MCLR, which is the lowest interest rate a bank can charge for loans, has gone up by 10 basis points (bps), while the base rate has gone up by 15 basis points (bps). SBI Raises Base Rate and MCLR SBI has bumped up its base rate from 10.10% to 10.25%. For December 2023, the interest rates based on MCLR range from 8% to 8.85%. The overnight…
On Friday, the Defence Ministry sealed a deal worth over Rs 5,300 crore with Bharat Electronics Ltd (BEL) for electronic fuzes. BEL will supply these crucial components to the Indian Army for the next 10 years. These electronic fuzes are vital for medium to heavy calibre artillery guns, ensuring sustained firepower during military operations. The objective is to boost ammunition stocks, reduce reliance on imports, and attain self-sufficiency in ammunition manufacturing. Bharat Electronics Ltd Secures the Deal for Electronic Fuzes The Ministry of Defence signed the contract with state-run Bharat Electronics Ltd (BEL) for procuring electronic fuzes for the Indian…
Kia, the South Korean automaker, will introduce 9 Kia EVs for sale in India in 2024. The company is also trying to make vehicles that utilise alternate fuels like hydrogen and CNG. Kia India Managing Director and CEO Tae-Jin Park has revealed the ambitious plan of his company to work on these vehicles. They have big plans to launch new models of Kia EVs in India next year. The company may also begin manufacturing the vehicles locally in 2025. CEO Reveals the Plan to Make More EVs The CEO Tae-Jin Park said that they would start local production of electric…
Terminal Investment Limited (TiL) buys 49% of shares in Adani Ennore Container Terminal Pvt Ltd (AECTPL) from Adani Ports. The transaction will be official after getting regulatory approvals. TiL is a partner or associate of Mediterranean Shipping Company or MSC. It has bought the stake for an amount of 247 crore rupees from Adani Ports and Special Economic Zone Ltd or APSEZ. This is the second time that the two companies are collaborating on a joint venture. It is a strategic partnership to run the container terminal – the AECTPL. The Ambitious Deal of Adani Ports Terminal Investment Limited will…
Tesla, owned by Elon Musk, received a setback as the Government of India declined a subsidy on the import duty of electric vehicles. The government levies taxes on electric vehicles or EVs that are imported from other countries. Tesla is the world leader in manufacturing EVs. The company had earlier sought a tax break from the government so that it could start manufacturing in India. Tesla offered the proposal to the govt to fulfil its aim to make EVs in India and start selling here. The govt declaration may hamper the plans to sell Tesla in India. Govt Refuses to…
The announcements of nominations for the Critics Choice Awards 2024 have been made on 13th December. The nominations are out for The 29th Annual Critics Choice Awards. There will be a live telecast on The CW from 7-10 pm ET. The ceremony will be organized on 14th January 2024. It is being held in Los Angeles. Chelsea Handler will be the host. This is the second time that Chelsea is hosting the ceremony continuously. Greta Gerwig’s Barbie and Emily Blunt’s Oppenheimer seem the most favorite. Barbie won nominations in different categories including Best Picture, Actress, Supporting Actor, Supporting Actress, Director,…
Netflix has just released the data on how long users have watched a specific show on its platform. According to Netflix viewer data for the first six months of 2023, the political thriller show ‘The Night Agent’ was the most watched with 812.1 Million watch hours. Top Shows According to the Netflix Viewer Data Ginny & Georgia is also among the top shows that audiences watch. Season 2 of the show was very popular among viewers. The show Ferris Bueller’s Day Off was watched by the audience on Netflix for a total of 100,000 hours. The data released by Netflix…
There will be several new television shows that will be released on online streaming platforms in 2024. The shows can be viewed on platforms like Amazon Prime, Netflix, Hulu, and Disney Plus. Here’s the list of top TV shows to watch. Top Upcoming TV Shows in 2024 The Brothers Sun (4th Jan) The television show will be launched on the streaming platform Netflix. It will have a total of eight episodes that will be released simultaneously at the same time. Brad Falchuk and Byron Wu have made the TV show. It showcases the story of how a killer would endeavor to…
In a major disappointment for Google, it lost the legal battle against Epic Games in the antitrust case. Whether this will mark the end of Google Android monopoly is yet to be seen. Google is a big technology giant and it rules over the payments on mobile apps. However, this can change now with it losing the legal fight. It may face a financial loss amounting to billions of dollars. Apart from Google, Epic had also filed a case against Apple. It accused both of maintaining an illegal dominance on the app store. Legal Battle Of Google Android Monopoly Epic…