Tata Motors gets arbitral award of ₹766 crore plus interest to compensate for its investment in the now scrapped Singur plant. On October30, a three-member Arbitral Tribunal gave a unanimous award in favour of Tata Motors to be compensated for its investment in the now-scrapped in West Bengal. "In respect of the arbitration proceedings between Tata Motors Limited (TML) and West Bengal Industrial Development Corporation Limited (WBIDC)," read… read-more
Courtesy: The Times of India
The BCCI is all set to sign a deal with German sports apparel giant Adidas for the next shirt sponsorship of Indian Cricket. On February 21, the sources close to the deal said the signed deal will be officially in effect from June until March 2028. The decision to sign a deal with Adidas was taken with the aim of attracting major sports apparel to sponsor the Indian team.
As per deal signed between Russia-Ukraine, the first shipment of Ukrainian grain left the port of Odessa on August 1. The deal was signed, relieving a global food crisis following Russia's invasion of its neighbour, the Turkish defence ministry. "The ship Razoni has left the port of Odessa bound for Tripoli in Lebanon. It is expected… read-more
Arsenal signed Manchester City forward player Gabriel Jesus, in $ 54 million, on July 4. The Brazil international welcomed Jesus, who scored 95 goals in 236 games over nearly six seasons at City and won the Premier League four times, League Cup three times and the FA Cup. "We spoke a couple of times about the club, the players, the project and the future," said Jesus.
Bhuban Badyakar, a West Bengal peanut seller who went viral for his song 'Kacha Badam' received Rs 3 lakh from Godhulibela Music, the label that first remixed his original song. "We signed a deal with Bhuban for Rs 3 lakhs today and he was paid Rs 1.5 in the cheque. He will be paid the remaining next week,'' stated Godhulibela Music. Earlier, the singer was felicitated by West Bengal Police.
Courtesy: India Today
The ministry of defence has signed up a design and growth contract with a Bengaluru-based firm to develop a High Altitude Pseudo-Satellite (HAPS). The HAPS will conduct surveillance operations and support communications by staying airborne for months at a stretch. ''Huge step towards cutting edge aerospace development by startups," stated Defence Secretary. Notably, The estimated budget for the project is ₹700 crores and it will be a part of … read-more
Courtesy: Economic Times
As per reports, about 30 generic drugmakers in Asia, Africa, and the Middle East will make affordable Covid-19 pills. Merck, the pharmaceutical giant, will manufacture the anti-viral pill 'Molnupiravir' for economically backward nations. The agreement backed by the UN states, Merck will not receive royalties for the sale of the cheap version of the pill while the pandemic continues. The pills would be distributed to 105 less developed nations… read-more
Courtesy: The Economic Times
ISRO has inked a deal with France's 'CNES' to cooperate on India's first human space mission 'Gaganyaan' on April 15. The deal was announced at ISRO headquarters. The deal eyes to assist Indian astronauts in using French equipment for scientific experiments. While facilitating the landmark mission, the Indian flight physicians would also be trained under prestigious institutions in Toulouse and Germany. Notably, the mission commemorates the… read-more
Courtesy: The Print
India has inked a ¥232.86 billion loan agreement deal with Japan for important infrastructure projects while separately taking ¥119.9 billion for developing Delhi Metro. Reportedly, around ¥4.02 billion will be spent to procure 15MWh batteries and power system stabilisers to ensuring 100% renewable energy in South Andaman. Besides facilitating crop diversification project in Himachal Pradesh, the 1.15% per annum interest loan with 30+10 year… read-more
Courtesy: Hindustan Times