Author: Shradhanjali Mukherjee

State-owned Oil India Limited (OIL) has ambitious plans to invest Rs. 25,000 crore (US$ 3.01 billion) in clean energy projects, with the goal of achieving net-zero carbon emissions by 2040, as revealed by Chairman Mr. Ranjit Rath. OIL’s strategy to reach net-zero emissions involves several key initiatives, including reducing gas flaring, tapping into stranded gas resources, establishing renewable energy production capacity, setting up green hydrogen plants, and developing biogas and ethanol facilities. One significant aspect of OIL’s plan is the construction of an 80-kilometer pipeline to transport natural gas from fields in Arunachal Pradesh to Assam. This pipeline aims to…

At the 34th annual NRI Pravasi Divas, Sanjib Sahoo, Chief Digital Officer (CDO) of Ingram Micro, received the Bharat Samman Award. The award ceremony took place at the House of Lords in London during the World Leaders Summit, where it was presented by Alastair John Campbell, 4th Baron Colgrain, alongside other esteemed leaders, including Manu Jagmohan Singh, CEO of the NRI Institute. The Bharat Samman Award, an annual recognition by the NRI Institute, honors a select group of People of Indian Origin (PIOs), whether residing in India or abroad, for their outstanding achievements in their respective fields and their contributions…

Vicky Kaushal recently discussed the topic of having children within his family and with his wife, Katrina Kaif, in an interview with Radio City. He revealed that both his and Katrina’s families are very understanding and do not pressure them regarding this matter. Vicky and Katrina tied the knot in 2021. When asked if any family members had urged them to share ‘good news,’ Vicky responded, “No one. They are cool people.” He also mentioned his participation in a group called the ‘rocking family,’ which often receives emotional messages about the sacrifices made by parents. During the interview, Vicky emphasized…

Airbus Defence and Space delivered the first of 56 C295 aircraft to the Indian Air Force in a fly-away condition. This handover took place at Airbus’ production site in Seville, Spain, in the presence of IAF Air Chief Marshal Vivek Ram Chaudhari. The C295, configured for transport and equipped with an indigenous electronic warfare suite, will soon depart for Delhi, piloted by a joint IAF-Airbus crew, bolstering one of the world’s largest and most formidable air forces. This initial aircraft is part of a total order of 16 medium-lift tactical transport planes that will be assembled in Seville and delivered…

According to inside sources, Apple is planning to release the India-made iPhone 15 on the first day of global sales in India and other areas, marking a significant shift in their manufacturing and sales strategy. While most of the iPhone 15s are still made in China, this is the first time a gadget from the latest generation will be produced in India and sold on the first day of sales. The move highlights India’s growing industrial power and demonstrates Apple’s commitment to narrowing the gap between its India operations and its main manufacturing bases in China. Apple started producing the…

The 12th Ministerial India-UK Economic and Financial Dialogue (EFD) convened in New Delhi on September 11, reaffirming the robust financial partnership between the two nations. Under the leadership of Nirmala Sitharaman, Union Minister for Finance and Corporate Affairs of India, and Jeremy Hunt, MP, Chancellor of the Exchequer of the United Kingdom, the dialogue centered on bolstering financial services, infrastructure development, and sustainable finance. Both India and the UK expressed their unwavering commitment to strengthening their collaboration in financial services. They acknowledged each other’s unique strengths and shared objectives of financial inclusion and sustainable development. The discussions also highlighted India’s…

Chicago-based Cloud5 Communications appointed Anai Patel as its Chief Financial Officer (CFO) on September 12. This announcement followed Patel’s recent assumption of the CFO role within the company, highlighting the swiftness of the appointment. Cloud5 Communications specializes in providing communication and technology solutions to over 5,000 establishments, including hotels, multi-dwelling units, and commercial facilities throughout the Americas. Mark Holzberg, President and CEO of Cloud5 Communications, underscored the significance of Patel’s addition to the team, emphasizing the company’s commitment to having a skilled and knowledgeable workforce. Holzberg expressed eagerness in leveraging Patel’s expertise and experience to drive further growth in the…

In August 2023, the country experienced a surge in passenger vehicle sales, reaching its highest level ever. This increase was primarily driven by a strong demand for sports utility vehicles (SUVs). According to the Society of Indian Automobile Manufacturers (SIAM), a total of 359,228 passenger vehicles were sold during this period, representing a 9.4% growth compared to the previous financial year’s sales of 328,376 units. The demand for SUVs remained particularly high, with newer models introduced by Maruti Suzuki, MG Motor, and Hyundai in the utility vehicle segments gaining significant popularity. This trend reflects the shift in consumer preferences towards…

The World Bank’s findings, revealed by Prime Minister Narendra Modi on September 8, 2023, indicate that India has achieved its financial inclusion goals in an astonishingly brief six years, a feat that would have typically taken 47 years. This remarkable accomplishment was highlighted in the World Bank’s G20 document. Taking to X (formerly known as Twitter), Prime Minister Narendra Modi emphasized India’s remarkable advancement in financial inclusion, attributing it to the Digital Public Infrastructure. Additionally, the Prime Minister commended the nation’s robust digital payment framework and the resilience of its people. He underscored that this achievement serves as a testament…

Harvard Business School (HBS) has appointed Rupal Gadhia, of Indian descent, as the upcoming managing director of MBA admissions and financial aid. In this capacity, Gadhia will collaborate with a diverse array of stakeholders, both internal and external, such as current HBS students, alumni, faculty, and administrators. Her primary responsibility will be to oversee an admissions process geared toward assembling a high-caliber MBA class with a broad spectrum of talents and experiences, as outlined in HBS’s official statement. Matt Weinzierl, senior associate dean and chair of the MBA program, commended Gadhia for her impressive professional achievements, highlighting her genuine belief…