NHPC signed a Memorandum of Understanding (MoU) with the Global Green Growth Institute (GGGI) at its Corporate Office, Faridabad on November 28th, 2024.
This collaboration aims to promote innovative clean energy solutions, focusing on agrivoltaics, green hydrogen, and sustainable financing strategies.
These initiatives are part of NHPC’s robust R&D efforts to address climate challenges while advancing India’s transition to a low-carbon economy.
Under the partnership, NHPC and GGGI will work together to explore cutting-edge technologies, integrate renewable energy solutions with agricultural practices, and drive investments in green projects.
The Centre for Development of Advanced Computing (C-DAC), Chennai, under the Ministry of Electronics and Information Technology (MeitY), signed a Transfer of Technology (ToT) agreement for its cutting-edge technologies, NLOS VICINITY and ILLUMINATE, with Nav Wireless Technologies Pvt. Ltd on 28.11.2024.
The agreement facilitates the transfer of cutting-edge technologies, NLOS VICINITY and ILLUMINATE, to Nav Wireless Technologies Pvt. Ltd. for deployment and commercialization. This partnership highlights the immense potential of public-private collaboration in fostering technological innovation and contributing to economic growth.
Steel Authority of India Limited (SAIL), a Maharatna and India’s largest public sector steel producer, signed a Memorandum of Understanding (MoU) with John Cockerill India Limited (JCIL), the Indian arm of the global John Cockerill Group in Mumbai.
This MoU aims to leverage the combined strengths of the two companies, including cutting-edge technologies, extensive industry expertise and a shared vision for innovation and sustainability. Mr Anil Kumar Tulsiani, Director (Finance), SAIL and Mr Michael Kotas, Managing Director-Metals Division, John Cockerill India Limited signed the MoU.
The focus areas of this collaboration will be Cold Rolling and Processing for Carbon Steel, Green Steel and Silicon Steel — specifically CRGO (Cold Rolled Grain Oriented) and CRNO (Cold Rolled Non-Oriented) steels. Additionally, the partnership seeks to integrate green technologies into iron and steelmaking processes and incorporate advanced steelmaking technologies.
The Indian Railways launched ‘Sanraksha’, a mobile application specially designed for safety training and capacity building for its frontline employees. The innovative app introduced by the South East Central Railway (SECR) to provide critical operational training to thousands of employees,giving instant evaluation of the learning and ensuring on-demand access to resources.
The app has been developed under the guidance of the senior divisional commercial manager of Nagpur SECR, the app provides several advanced features. According to Namita Tripathi, Divisional Railway Manager (DRM) of Nagpur, the application is equipped with information technology and data analytics and vast knowledge of the Railways’ domain along with advanced technologies.
The app will help railway employees in meeting their training demands and will also ensure an intelligent scalable system with the help of artificial intelligence.
The app also comprises smart learning techniques blended with real-time feedback and monitoring systems.
India has reportedly conducted a successful test of its nuclear-capable K-4 submarine-launched ballistic missile (SLBM) from the recently commissioned nuclear-powered submarine INS Arighaat. The test, which took place morning off the coast of Visakhapatnam, was conducted in the Bay of Bengal.
The K-4 missile, which is solid-fuelled and has a strike range of 3,500 km, was launched from the 6,000-tonne submarine.
The missile was tested for the first time from INS Arighaat, which was commissioned into service on August 29.
The K-4 missile test from INS Arighaat is also indicative of India’s ongoing expansion of its nuclear submarine fleet. The country is preparing to induct its third SSBN, INS Aridhaman, which is set to join the fleet in early 2025. The 7,000-tonne INS Aridhaman will further strengthen India’s sea-based nuclear deterrence.
Mindgate Solutions, a global leader in payment technology and transaction processing, has announced a strategic partnership with Egypt-based Bank NXT, a premier provider of integrated retail, corporate, and Islamic banking solutions. Together, they developed a cutting-edge digital platform to transform corporate banking experiences.
This collaboration combines Mindgate’s innovative digital technologies with Bank NXT’s deep industry expertise to deliver a user-friendly, secure, and scalable platform. The new solution aims to streamline financial operations, enhance decision-making, and support corporate clients’ growth across Egypt’s industries.
AU Small Finance Bank (AU SFB), India’s largest small finance bank, has entered a strategic bancassurance partnership with Bharti AXA Life Insurance, a leading private life insurer and a subsidiary of Bharti Life Ventures Private Limited. The collaboration aims to provide AU SFB’s customers with a comprehensive suite of life insurance and financial security solutions.
The agreement was signed in Mumbai by Uttam Tibrewal, Executive Director and Deputy CEO of AU SFB, and Parag Raja, MD & CEO of Bharti AXA Life Insurance.
AU SFB customers will have access to Bharti AXA Life’s extensive range of products, including life insurance, term insurance, ULIPs, savings plans, child education plans, and retirement plans.
The Reserve Bank of India (RBI) imposed a monetary penalty of Rs. 2,00,000/- (Rupees Two Lakh only) on The Periyakulam Co-operative Urban Bank Ltd., Tamil Nadu (the bank) for non-compliance with specific directions issued by RBI under ‘Supervisory Action Framework (SAF)’ and certain directions issued by RBI on ‘Issue and regulation of share capital and,
‘Prudential Norms on Capital Adequacy – UCBs’. This penalty has been imposed in exercise of powers conferred on RBI, under the provisions of Section 47A(1)(c) read with Sections 46(4)(i) and 56 of the Banking Regulation Act, 1949.
The Reserve Bank of India (RBI) imposed a monetary penalty of Rs. 4.50 lakh (Rupees Four Lakh Fifty Thousand only) on Maxvalue Credits and Investments Limited, Thrissur, Kerala (the company) for non-compliance with certain directions issued by RBI on ‘Non-Banking Financial Company - Systemically Important Non-Deposit taking Company and,
Deposit taking Company (Reserve Bank) Directions, 2016’ read with ‘Non-Banking Financial Companies Acceptance of Public Deposits (Reserve Bank) Directions, 2016’. This penalty has been imposed in exercise of powers conferred on RBI, under the provisions of Section 58G(1)(b) read with Section 58B(5)(aa) of the Reserve Bank of India Act, 1934.
The Reserve Bank of India (RBI) has, by an order dated November 25, 2024, imposed a monetary penalty of ₹1,00,000/- (Rupees One Lakh only) on The Kanara District Central Co-operative Bank Ltd., Karnataka (the bank) for contravention of provisions of Section 20 read with Section 56 of the Banking Regulation Act, 1949 (BR Act).
The Reserve Bank of India (RBI) has, by an order dated November 25, 2024, imposed a monetary penalty of Rs. 50,000/- (Rupees Fifty Thousand only) on The Raichur District Central Co-operative Bank Ltd., Karnataka (the bank) for contravention of provisions of Section 20 read with Section 56 of the Banking Regulation Act, 1949 (BR Act).
