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RBI mops up Rs 6 lakh crore in 2 auctions with mixed response

India, Sept. 8 -- The Reserve Bank of India on Monday mopped up over Rs 6 lakh crore of excess funds from the banking system in two auctions, which saw an underwhelming response from banks despite sur... Read More


State seeks extra Sh650m to fill hole in Uhuru-era fund

Nairobi, Sept. 8 -- The government is seeking an extra Sh650 million from the Treasury in the next budget for the former President Uhuru Kenyatta-era Uwezo Fund, citing increased demand for its loans ... Read More


Tanesco arrests 11 small-scale miners over power theft in Kahama

Tanzania, Sept. 8 -- Kahama. The Tanzania Electric Supply Company (Tanesco) in Shinyanga Region has conducted a special operation at the Mwime Mine in Zongomela Ward, Kahama Municipality, uncovering s... Read More


Hooch tragedy toll in MP rises to 12

India, Sept. 8 -- The death toll in the Sagar hooch tragedy in Madhya Pradesh rose to 12 on Monday after one more person succumbed, while nearly 30 others remained under medical observation, including... Read More


Central Technical Team To Survey Sites For Bhadradri Kothagudem Airport

Mumbai, Sept. 8 -- A central technical team will visit possible sites identified for the Bhadradri Kothagudem airport in Telangana to assess their suitability for airport development. The team will co... Read More


Business Nextgen Finance Raises Rs 2,150 Million in Equity

Mumbai, Sept. 8 -- Business Nextgen Finance has raised Rs 2,150 million (mn) in equity from a group of institutional and strategic investors to accelerate secured lending to micro, small and medium en... Read More


Odisha Launches State e-Pavilion On MSME Global Mart

Mumbai, Sept. 8 -- The Odisha chief secretary, Anu Garg, launched the Odisha State e-Pavilion on the MSME Global Mart portal as a dedicated digital platform to give the state's Micro, Small and Medium... Read More


Ceigall India Secures LoI For Rs 53 Billion Transmission Project

Mumbai, Sept. 8 -- Ceigall India has received a letter of intent from REC Power Development and Consultancy to develop a common transmission system to evacuate power from Lakadia Phase II, Jam Khambha... Read More


SECI Issues 700 MW Solar Tender for C&I Consumers in SEZ Areas

Mumbai, Sept. 8 -- Solar Energy Corporation of India has issued a 700 Megawatt (MW) solar tender for commercial and industrial consumers in Special Economic Zone (SEZ) areas and locations designated a... Read More


Japan Credit Rating Agency Upgrades India Sovereign Rating To A-

Mumbai, Sept. 8 -- Japan Credit Rating Agency (JCR) has upgraded India's sovereign rating to A-, marking the highest rating accorded to the country by any agency. The decision reflects sustained impro... Read More