MEIL Secures Bid for India's First Private Strategic Petroleum Reserve
Megha Engineering & Infrastructures Ltd (MEIL) secured the contract from Indian Strategic Petroleum Reserves Ltd (ISPRL) to build India's first private-sector strategic petroleum reserve (SPR).
MEIL won the mandate to build and operate a 2.5 million metric tonnes (MMT) SPR at Padur in Karnataka.
The Rs. 5,700-crore project carries an estimated crude-oil filling cost of Rs. 11,020 crore at current prices.
L. Satya Srinivas Appointed as India's Executive Director at the Asian Development Bank
The government appointed L. Satya Srinivas, special secretary in the commerce ministry, as the executive director (ED) for India at the Asian Development Bank (ADB).
Srinivas, who was set to retire from government service in February 2026, would continue to serve as India's ED at the ADB on a contract basis after that.
He was appointed for a total of three years from the date of his assumption of charge or until further orders, whichever was earlier.
The decision was made by the Appointments Committee of the Cabinet.
Srinivas, a 1991-batch Indian Revenue Service officer, succeeded senior bureaucrat Vikas Sheel at the ADB. As India's ED, he would also represent Bangladesh, Bhutan, Laos, Tajikistan, and Turkmenistan on the ADB's board of directors.
Myntra Partners Sourav Ganguly to Launch Souragya Ethnic Wear Brand
Former Indian cricket captain Sourav Ganguly partnered with Myntra and launched "Souragya," a premium ethnic wear brand.
The collection, which debuted before Durga Puja, celebrated Indian craftsmanship with a contemporary twist and paid homage to Bengal's artistic and cultural heritage.
Souragya offered nearly 100 styles, including Kantha embroidery and Jamdani weaves, and aimed for national appeal.
The Department of Financial Services (DFS), Ministry of Finance, organised PSB Manthan 2025, a two-day programme that concluded in Gurugram.
The event, chaired by the Secretary of DFS, brought together the senior leadership of Public Sector Banks, along with regulators, industry experts, academicians, technologists, and banking practitioners.
In the opening remarks, the Secretary, Financial Services, underlined that Public Sector Banks have moved beyond the phase of survival and stability and are now positioned to play a larger role as champions of growth, innovation, and leadership in the journey towards Viksit Bharat 2047.
Sep 14, 2025
India Launches SAJEX 2025 in Jeddah to Strengthen Jewellery Trade with Saudi Arabia
The Gem & Jewellery Export Promotion Council of India (GJEPC), in association with the Consulate General of India in Jeddah, the Embassy of India in Riyadh, and India's Ministry of Commerce & Industry, launched the Saudi Arabia Jewellery Exposition (SAJEX) 2025.
The landmark event aimed at deepening India- Saudi trade ties while opening new channels across the GCC and global markets.
SAJEX 2025 was held in Jeddah Superdome from September 11-13, and hosted over 200 exhibitors across 250 booths and attract more than 2,000 business visitors and international buyers.
Exhibits ranged from diamond and colored gemstone jewellery to bridal collections, lab-grown diamonds, gold pieces in 18k, 21k, and 22k purities, as well as cutting-edge jewellery technology.
ICICI Bank, Amazon Pay Renew Partnership for Co-branded Credit Cards
Private sector lender ICICI Bank renewed its partnership with e-commerce giant Amazon's payment vertical, Amazon Pay, for their co-branded credit card offering "Amazon Pay ICICI Credit" for a further seven years.
The co-branded credit card by ICICI Bank and Amazon is the largest such offering in the country, with a customer base of over 5 million.
The e-commerce firm first partnered with ICICI Bank in 2018 for the card.
NIFT Patna and ABFRL signed an MoU to Empower Rural Women
The National Institute of Fashion Technology (NIFT) Patna under the Ministry of Textiles signed a Memorandum of Understanding (MoU) with Aditya Birla Fashion and Retail Limited (ABFRL) in the presence of Union Minister of Textiles Shri Giriraj Singh.
This initiative seeks to transform the lives of rural women by equipping them with industry-relevant skills and providing direct access to employment opportunities in Bihar's growing textile sector.
Sep 13, 2025
Srinivas Injeti Appointed Chairperson of NSE Governing Board with SEBI Approval
In 2025, a significant development for India's financial regulatory landscape, retired IAS officer Srinivas Injeti appointed as the Chairperson of the Governing Board of the National Stock Exchange (NSE).
The appointment, cleared by the Securities and Exchange Board of India (SEBI), underscored a strategic move to further strengthen governance and oversight in one of Asia's largest stock exchanges.
Srinivas Injeti, a 1983-batch Indian Administrative Service (IAS) officer, brought with him over four decades of experience across financial services, corporate governance, regulatory reform, and international diplomacy.
He is widely recognised for his tenure as Secretary, Ministry of Corporate Affairs, during which he led landmark reforms in company law, insolvency mechanisms, and corporate governance frameworks.
One of his most influential contributions was spearheading the implementation of the Insolvency and Bankruptcy Code (IBC), which transformed the way distressed companies were handled in India.
Sep 12, 2025
PhonePe Partners with SIDBI, MSME Ministry to Increase Small Business Formalisation and Provide C...
In September 2025, PhonePe tied up with the Ministry of Micro, Small and Medium Enterprises (MSMEs), and the Small Industries Development Bank of India, to register more small merchants with the Udyam facility, and thereby open up more avenues for credit and availing government schemes.
Udyan is a platform by the government to formalise more MSMEs, and SIDBI has already worked on an "assist platform" to make it easier for merchants to register for an Udyam number.
Tata Power, Tata Passenger Electric Mobility Unveil TATA.ev MegaCharger Hub
Tata Power Company Ltd. (Tata Power) in association with Tata Passenger Electric Mobility Ltd., India's largest 4-wheeler EV manufacturer inaugurated Mumbai's first premium, large-scale EV charging hub under the TATA.ev MegaCharger initiative.
Strategically located near Terminal 2 of the Chhatrapati Shivaji Maharaj International Airport in the premises of The Leela Mumbai Hotel, the TATA.ev MegaCharger hub designed to serve the city's diverse mix of EV users — from private car owners to taxis, ride-hailing fleets, and logistics operators.
Meta, TikTok Win Challenge Against EU Tech Fees
Meta Platforms and TikTok won their legal fight against a European Union supervisory fee imposed on them under landmark tech rules, after Europe's second-highest court faulted EU regulators on the way they calculated the levy.
Meta and ByteDance's TikTok sued the European Commission after they were hit with a supervisory fee of 0.05% of their annual worldwide net income to cover the EU executive's cost of monitoring their compliance with the Digital Services Act.
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