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Reliance Retail has initiated a major internal restructuring by transferring its fast-moving consumer goods (FMCG) brands business to a newly formed entity New Reliance Consumer Products Ltd (New RCPL). The move, cleared for creditor approval by the National Company Law Tribunal (NCLT) in Mumbai, is intended to grant the consumer brands division more focused management, dedicated resources, and investment potential. New RCPL will mirror the same shareholding structure as Reliance Retail Ventures Ltd (RRVL), with the consumer business being transferred as a going concern through a slump sale.Read more
A new study by the United Nations Development Programme, conducted in collaboration with the University of Denver's Pardee Institute and Octopus Energy, finds that linking renewable energy targets with inclusive development policies could lift 193 million people out of extreme poverty by 2060. The most ambitious scenario modeled in the report shows potential for massive social gains like universal electricity access and reduction in malnutrition alongside USD 20.4 trillion in economic savings. The findings come as fossil fuels continue to dominate energy consumption, despite record investments in clean energy.Read more
India's rising presence in the global economy received a major boost, with a recent SBI Research report revealing that the country contributed 6.7% to the world's incremental GDP in FY25. Notably, the State Bank of India (SBI) alone accounted for 1.1% of the global GDP rise, thanks to its massive asset base and domestic economic influence. The bank added USD 44 billion to the global economy, with its own Gross Value Added (GVA) growing 5% year-on-year. The report underscores SBI's pivotal role in India's financial sector and its expanding impact on global economic dynamics.Read more
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NTPC's 3,300 MW Barh Super Thermal Power Project in Bihar is set to be fully operational, with Unit-3 of Stage-I (660 MW) starting commercial operations early next week. This final unit completes both Stage-I and Stage-II of the five-unit project, each with 660 MW capacity. With this addition, NTPC's total operational capacity will reach 60,978 MW standalone and 82,080 MW consolidated. The Barh project has been a key part of NTPC's expansion in eastern India, supporting rising regional power demand. Its completion marks a major milestone in strengthening India's energy infrastructure and enhancing NTPC's role in national power generation.Read more
AstraZeneca has strengthened its presence in India by expanding its global hub in Bengaluru with an investment of INR 166 crore. This move has generated 400 new jobs, taking the headcount at the facility to nearly 1,300. The development is focused on accelerating AI-led innovation in R&D, IT, and digital health services. This marks the company's second significant investment in India within a year, following the recent expansion of its Global Innovation and Technology Centre (GITC) in Chennai. AstraZeneca's total India workforce is now nearing 4,000.Read more
Ericsson has launched a dedicated ASIC (Application-Specific Integrated Circuit) development unit in Bengaluru, expanding its R&D presence in India. The move is part of a strategy to strengthen semiconductor design capabilities and tap into India's deep tech talent. Over 150 professionals will be hired for the new unit. The facility will support Ericsson's proprietary Silicon platform, which powers its energy-efficient, high-performance hardware for 5G networks. Already running R&D centres in Bengaluru, Chennai, and Gurugram, Ericsson's latest step reinforces its role in shaping India's telecom ecosystem. The initiative also aligns with the country's broader goals of growing its semiconductor and 5G infrastructure.Read more
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