New Delhi: The Foundation for Economic Development (FED) in its new case study on Shahi exports underscores the critical role of India’s apparel exports in creating the jobs that India needs. The case study also highlights the consequent need for a policy environment that supports large-scale manufacturing, employment generation, and export competitiveness. Shahi Exports serves…
Bhubaneswar: Jain Resource Recycling Limited, India’s largest and fastest-growing non-ferrous metal recycling business, in terms of revenue for Fiscal 2024, Fiscal 2023 and Fiscal 2022 (Source: CRISIL) has filed Draft Red Herring Prospectus (DRHP) with SEBI for an Initial Public Offering (IPO). The Public Offer aggregating up to ₹ 2,000 crore comprises of a fresh…
Bhubaneswar: Spice Money (a subsidiary of DiGiSPICE Technologies), India’s pioneering rural fintech transforming the way Bharat banks, continues to bridge the financial literacy gap through its flagship learning platform, Spice Money Academy. Accessible via web and mobile app, the Academy empowers Adhikaris to operate as Non-Bank Business Correspondents (BCs) and has digitally trained 5,28,000 Adhikaris/Merchants,…
Berhampur, April: TP Southern Odisha Distribution Limited (TPSODL) has successfully commissioned a new 33KV link line between Hatiota Primary Substation (PSS) and Belagaon PSS in Polasara Block, Ganjam district. Spanning 7.565 km, this strategic development marks a significant step in enhancing power stability and reliability for over 34,000 consumers in the region. Prior to this…
Bhubaneswar: TPCODL is taking extensive measures to ensure uninterrupted power supply to consumers. As part of these efforts, a new 33 kV feeder, spanning 5.4 km from Cuttack Brajabiharipur OPTCL Grid to Nuapatna, has been constructed using modern technology. With this feeder becoming operational, over 30,000 consumers in areas under the Sarpeswar, Khuntuni, Athgarh and…
Bhubaneswar: Trusting the ability of India’s entrepreneurs and unlocking value from India’s vast resources below the ground are the keys to Viksit Bharat. “This is our moment to unleash a new generation of entrepreneurs—bold visionaries who will responsibly explore and extract resources, honouring Mother Earth while fueling India’s growth. If we don’t act now, we…
Bhubaneswar: Bharti AXA Life Insurance is reinforcing its commitment to driving life insurance awareness and penetration in Odisha, aligning with IRDAI’s broader mission of ‘Insurance for All by 2047.’ As the IRDAI-mandated lead insurer for Odisha, the company has been at the forefront in promoting financial literacy, increasing insurance adoption, and driving long-term socio-economic impact…
New Delhi: Indian Renewable Energy Development Agency Limited (IREDA) today reported significant growth in its financial performance for the fiscal year ending March 31, 2025, as per provisional data. Loan sanctions for FY 2024-25 stood at ₹47,453 crore, marking a 27% increase from ₹37,354 crore in the previous year. Loan disbursements rose by 20% to…
Bhubaneswar: PROZEAL Green Energy Limited, the fourth largest solar EPC company in India in terms of revenue from operations for Fiscal 2024 (source: Crisil Report), has filed its Draft Red Herring Prospectus (“DRHP”) with market regulator Securities and Exchange Board of India (“SEBI”). Initial public offering of face value of ₹ 2 each (“equity shares”)…
Bhubaneswar: Ardee Engineering Limited, an integrated design, engineering and manufacturing company having three primary business lines – pre-engineered buildings (PEB), material handling systems (MHS) and engineering services has filed the draft red herring prospectus (DRHP) with capital markets regulator SEBI to raise Rs. 580 crore through an initial public offering (IPO). According to the DRHP,…
