IDFC First Bank Introduces UPI Services for NRI Customers across 12 Countries
IDFC First Bank announced that Non-Resident Indian (NRI) customers of the bank can now make UPI payments using their international mobile numbers. NRIs can now make real-time UPI payments from their NRE or NRO accounts with IDFC First Bank through the Bank's mobile application, without incurring any charges. Additionally, they have the flexibility to link their IDFC First Bank accounts to other UPI-enabled applications. This facility is available to all IDFC First Bank NRI customers from 12 countries Australia, Canada, France, Hong Kong, Malaysia, Oman, Qatar, Saudi Arabia, Singapore, the UAE, the UK, and the USA - for INR-denominated transactions within India.
India Launches First Maritime NBFC �" Sagarmala Finance Corporation Limited (SMFCL)
Union Minister of Ports, Shipping and Waterways, Sarbananda Sonowal inaugurated the country's first dedicated Non-Banking Financial Company (NBFC) for the maritime sector — Sagarmala Finance Corporation Limited (SMFCL). The event was also attended by Union Minister of State for MoPSW, Shantanu Thakur, and Secretary of MoPSW, T. K. Ramachandran.
SMFCL, formerly known as Sagarmala Development Company Limited was officially registered as a NBFC with the Reserve Bank of India (RBI) in June 2025. It has also earned the status of a Mini Ratna, Category-I, Central Public Sector Enterprise.
Jun 26, 2025
IFFCO Sets Up First Overseas Nano Fertiliser Plant in Brazil
Four years after the launch of nano urea in the country, Indian Farmers Fertiliser Cooperative IFFCO is setting up its first plant abroad for manufacturing nano-soil nutrients in Brazil.
The plant being set up under a 7:3 joint venture between IFFCO subsidiary IFFCO Nanoventions, and Brazilian company NANOFERT. It will be producing 4.5 million litres of nano-fertilisers annually.
The trial production in the Brazil plant would commence by the end of 2025.
Tata Group First Indian Brand over the $30 Billion Value Mark
The Tata Group, with a brand value increase of 10 per cent to $31.6 billion once again secured the position of India's most valuable brand, by becoming the first Indian brand to have crossed the $30 billion threshold, according to the latest India 100 report by Brand Finance, a brand valuation consultancy firm.
India's top 10 most valuable brands ranked showed a remarkable double-digit growth in value.
As the second most valuable Indian brand, Infosys' brand value went up by 15 per cent to $16.3 billion, continuing to lead the IT Services sector, while the HDFC Group - third in the ranking – saw its brand value rise 37 per cent to $14.2 billion.
At the fourth place, LIC's brand value went up 35 per cent to $13.6 billion followed by HCLTech with a brand value of $8.9 billion, up 17 per cent.
Jun 25, 2025
L&T Finance Ltd. Launches AI-Powered Microsite for 'Aapke Business Ka Game Changer' Business Loan...
L&T Finance Ltd. (LTF), one of the leading retail financiers in the country, supporting the growth of small and medium enterprises (SMEs), announced the launch of a dynamic and innovative AI-powered microsite for its 'Aapke Business Ka Game Changer' Business Loan campaign.
The microsite www.LTFGameChanger.in allows business owners to create personalised business posters and their own tagline featuring the brand ambassador, Jasprit Bumrah.
Through this initiative, LTF is celebrating business owners by giving their businesses the star treatment they deserve.
Jun 24, 2025
Hindustan Construction MD Jaspreet Bhullar Resigns
Hindustan Construction Company Limited announced that its Managing Director and Chief Executive Jaspreet Bhullar quit with immediate effect.
Bhullar was appointed as the Chief Executive of the company in 2023 and given a five year term. He had joined the company from the Brookfield-run Multiplex Constructions India.
India Enters Top 100 in Sustainable Development Goals Rankings for First Time
India for the first time secured a place among the top 100 out of 193 countries ranked for their progress in achieving the Sustainable Development Goals (SDGs).
According to the UN Sustainable Development Solutions Network's 10th and latest Sustainable Development Report (SDR), India ranks 99th on the 2025 SDG Index with a score of 67, while China ranks 49th with 74.4 and the US 44th with 75.2 points.
Among India's neighbours, Bhutan takes 74th place with 70.5 points, Nepal ranks 85th with 68.6, Bangladesh 114th with 63.9 and Pakistan 140th with 57 points.
European countries, especially the Nordic nations, continue to top the SDG Index, with Finland ranking first, Sweden second and Denmark third.
India's North-east to Pioneer Vegan Leather Manufacturing with CSIR & NECTAR Pact
In a step towards promoting sustainable technologies and circular economy in India's North-east, the CSIR-National Institute for Interdisciplinary Science and Technology (CSIR-NIIST), Thiruvananthapuram, signed a Memorandum of Understanding (MoU) with the North East Centre for Technology Application and Reach (NECTAR), an autonomous body under the Department of Science & Technology, Government of India.
The MoU facilitates the transfer of CSIR-NIIST's plant-based vegan leather technology to NECTAR for establishing common facility centres and manufacturing units in Meghalaya and other north-eastern states. These centres will support farmers, MSMEs, and women- led self-help groups in converting agro-waste into high-value sustainable products.
The MoU was exchanged between Dr. C. Anandharamakrishnan, Director, CSIR-NIIST, and Dr. Arun Kumar Sarma, Director, NECTAR, in the presence of Dr. N. Kalaiselvi, Director General, CSIR, during a formal ceremony held at CSIR Headquarters, New Delhi.
Jeffrey Mark Overly New Chairman of Auto Parts Maker Sona Comstar
The board of directors of Sona Comstar appointed Jeffrey Mark Overly as the Chairman of the company. Overly has served as an independent Director of the company since February 2021.
The appointment follows the death of Sunjay Kapur, Chairman and Non-Executive Director of the auto parts maker. The Gurugram-based component maker supplies gears, rotator shafts, starter motors and steering components to India's passenger and commercial vehicle industry.
Jun 23, 2025
Adani Commissions India's First Off-Grid Green Hydrogen Pilot Plant in Kutch
Adani Group commissioned India's first off-grid 5 megawatt green hydrogen pilot plant in Kutch, Gujarat.
An off-grid green hydrogen plant is a facility that produces hydrogen using electrolysis powered by renewable energy sources, such as solar or wind, and is not connected to the main electrical grid. This means the plant relies entirely on its own renewable energy generation for the hydrogen production process.
The 5 MW plant has been built by Adani New Industries Limited (ANIL) - the clean energy unit under the group's flagship firm Adani Enterprises Ltd.
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