Alibaba exits Paytm : Alibaba Exits India’s Paytm, Selling Shares for $167 Million Alibaba, the Chinese multinational conglomerate, has sold its shares in India’s leading digital payments company, Paytm, for $167 million. This marks Alibaba’s complete exit from Paytm after having invested over $2 billion in the company since 2015. Why This News Is Important…
India’s first hydrogen-powered truck : Reliance Unveiled India’s 1st Hydrogen-Powered Tech for Heavy-Duty Trucks Reliance Industries Limited (RIL) recently unveiled India’s first-ever hydrogen fuel cell-powered vehicle for heavy-duty trucks. The initiative is expected to drive sustainable energy production, reduce greenhouse gas emissions, and promote a cleaner environment in India. The vehicle is a part of…
India-EU Trade and Investment Agreement : India, EU to Create 3 Working Groups under Trade & Technology Council to Boost Ties India and the European Union have decided to establish three working groups in areas of trade, investment and services, and standards, regulations and trade-related issues, under the Trade and Technology Council (TTC) to boost…
Coal India Ltd. to Launch M Sand Projects in Broader Schemes Coal India Limited (CIL), the world’s largest coal mining company, is planning to launch M-Sand (Manufactured Sand) projects as part of its broader schemes. The move is aimed at reducing the dependence on river sand, which is currently used for construction purposes. The launch…
Microsoft OpenAI Investment | Invests $10 Billion in ChatGPT Maker OpenAI Microsoft has announced a massive $10 billion investment in OpenAI, the artificial intelligence research firm. This investment will make Microsoft the exclusive provider of cloud computing services to OpenAI. OpenAI was founded in 2015 by a group of investors including Elon Musk, Sam Altman,…
Adani Enterprises to deploy hydrogen-powered trucks for mining Adani Enterprises, an Indian multinational conglomerate company, has announced plans to deploy hydrogen-powered trucks for mining operations. The company has signed an agreement with German industrial giant Linde GmbH for the supply of high-purity hydrogen and fueling infrastructure. As per the agreement, Linde will set up a…
Alibaba Sells Stake in Paytm Worth $125 Million Alibaba Sells Stake in Paytm | Alibaba, the Chinese multinational conglomerate, has sold its stake in Indian digital payment company, Paytm, worth $125 million through a block deal. This sale comes as a surprise, given that Alibaba has been a long-term investor in Paytm, having first invested…
