nanika Editor - The Purbottar

25 May

Schneider Electric Projects Surge in India Data Center Business, Driven by AI Demand

nanika EditorBusiness

Schneider Electric expects its India data center business to outpace its core operations over the next four to five years. Driven by a surging demand for AI-ready infrastructure, the segment currently accounts for 15 to 20 percent of the company’s India revenue. Speaking to Reuters, Sumati Sahgal, Vice-President for Secure Power and Data Centres, Greater India Zone, highlighted that data centers and grid modernization will remain the company’s strongest growth themes. According to industry data from Astute Analytica, India's data center market is projected to skyrocket to over 31 billion dollars by 2035, maintaining a compounded annual growth rate of…

22 May

World Bank-Funded TRESP Emerges as a Flagship Growth Engine for Tripura’s ADC Areas

nanika EditorTripura

The Tripura government is aggressively pushing to transform the rural economy and empower tribal communities through the Tripura Rural Economic Growth and Service Delivery Project (TRESP). Speaking at a state-level workshop and kit distribution programme at Pragna Bhavan on Thursday, Animal Resource Development, Fisheries, and SC Welfare Minister Sudhangshu Das unveiled the department’s new logo and re-emphasized the government's commitment to making rural women self-reliant. Launched two years ago with funding assistance from the World Bank under an 80:20 pattern, TRESP has fast become a flagship development initiative, particularly within the Autonomous District Council (ADC) areas. The project strategically targets…

21 May

SBI Fuels India’s EV Ecosystem With ₹8,000 Crore Funding Line to JSW Motors

nanika EditorBusiness

Billionaire Sajjan Jindal’s automotive venture, JSW Motors, has secured a massive ₹8,000 crore ($826 million) funding line from the State Bank of India (SBI). This major financial backing ensures the company’s ambitious plans for its new energy vehicle business remain firmly on track. According to sources familiar with the matter, the credit facility from India’s largest lender carries a tenor of more than 10 years. A spokesperson for JSW Motors confirmed that the capital will partially fund a greenfield manufacturing facility in Maharashtra. To manage its exposure, SBI may later sell down parts of the loan to other lenders in…

20 May

Major Drug Bust in Mizoram: Meth Tablets Worth ₹19.21 Crore Seized, 2 Arrested

nanika EditorMizoram

A major drug trafficking attempt has been successfully foiled by law enforcement in Mizoram’s Saitual district. In a massive operation, police intercepted a vehicle on the outskirts of the Keifang junction, leading to the seizure of methamphetamine tablets valued at over 19 crore rupees. Acting on suspicion, police stopped a white car traveling from Manipur toward Aizawl. A detailed search of the vehicle exposed a sophisticated smuggling setup. Officers discovered twenty bundles containing over two lakh methamphetamine tablets hidden in cleverly concealed compartments at the rear of the vehicle, specifically beneath the spare tire section and behind the mudguards. The…

19 May

PepsiCo India Eyes Long-Term Growth with ₹5,700 Crore Investment across Three States

nanika EditorBusiness

Food and beverages giant PepsiCo India has announced a major investment plan of up to ₹5,700 crore by 2030. The massive capital injection will primarily focus on ramping up the manufacturing capacity of its foods business across the country. Speaking on the initiative, PepsiCo’s India and South Asia CEO, Jagrut Kotecha, emphasized that India remains one of the company's top 13 global markets, offering immense potential driven by rising consumer incomes and a stable economic environment. The planned investment will be directed toward three key manufacturing facilities. These include a strategic concentrates plant in Madhya Pradesh and advanced snacks plants…

18 May

TVS Venu Group Strengthens Banking Footprint with Strategic Jana Bank Stake

nanika EditorBusiness

In a strategic move to expand its footprint in India’s financial services sector, the TVS Venu Group has agreed to acquire a minority stake of up to 9.9% in Jana Small Finance Bank Limited on a fully diluted basis. The acquisition will be executed through a combination of a primary issuance of warrants and a secondary purchase, subject to all necessary regulatory approvals. As part of the agreement, TVS Motor Company will directly own 4.9% of the equity. The TVS Venu Group, which includes prominent entities like TVS Motor, TVS Credit, and TVS Emerald, clocked a revenue of $6.5 billion…

14 May

Net Receivables Hit ₹12,540 Crore as DLF Accelerates Development Pipeline

nanika EditorBusiness

India’s premier real estate developer, DLF Ltd, has announced a significant capital commitment of ₹21,300 crore to complete its ongoing residential projects. According to the company’s latest investor presentation, this investment will primarily target developments in the Delhi-NCR region, Mumbai, and the Chandigarh tri-city area, reinforcing DLF's position as a dominant force in the Indian property market. The financial breakdown reveals a robust liquidity position for the firm. While the pending cost to finish all launched projects is pegged at ₹21,300 crore, the company is set to receive ₹33,840 crore from customers against property sales. This leaves DLF with a…

13 May

Zoho Deepens Commitment to MSMEs with ₹70 Crore ONDC Investment

nanika EditorBusiness

In a significant move to bolster India’s digital infrastructure, global technology leader Zoho Corporation has announced a strategic investment of ₹70 crore in the Open Network for Digital Commerce (ONDC). This investment is specifically designed to foster the development of sovereign technology, ensuring that the country’s digital commerce landscape remains inclusive and accessible to all. The Chennai-headquartered firm emphasized that this funding aims to help Micro, Small, and Medium Enterprises (MSMEs) overcome the structural barriers often imposed by traditional, centralized e-commerce platforms. By supporting ONDC, Zoho is championing a shift toward a more democratic digital market where small businesses can…

12 May

Stalled Bridge Projects Hinder Nepal-China Trade Route

nanika EditorInternational

The Bheri Corridor, a strategic artery intended to link India, Nepal, and China, is facing a significant bottleneck. While over 50 kilometers of the Jajarkot–Dolpa section approach final blacktopping, a critical failure in infrastructure remains: five major bridges have been left incomplete for over six years. Despite the road being opened by the Nepali Army in 2019, these missing "lifelines" are preventing the corridor from becoming the year-round transport hub the Karnali Province desperately needs. The 118-kilometer stretch from Jajarkot to Dunai in Dolpa has seen mixed fortunes. While 56 kilometers of track are nearing completion, the transition from earthen…

11 May

Emergency Evacuation at Kathmandu Airport as Istanbul Flight Catches Fire on Touchdown

nanika EditorNepal

Operations at Tribhuvan International Airport (TIA) in Kathmandu are back to normal following a tense morning. Flight services were suspended for approximately 90 minutes today after a Turkish Airlines aircraft caught fire shortly after landing. While the incident caused significant disruption, authorities have confirmed that all passengers and crew members are safe. The emergency unfolded at approximately 6:45 am on Monday when Turkish Airlines flight TK726, arriving from Istanbul, touched down on the runway. Witnesses reported seeing flames and thick smoke emanating from the aircraft’s right-side landing gear. The Airbus A330, carrying 273 passengers and 11 crew members, was brought…