Reliance New Energy to buy Lithium Werks for Rs 468.2 cr

Govt may extend MSME NPA classification period to 180 days

The Union government is considering a proposal to extend the non-performing asset (NPA) classification period for loans to micro, small and medium enterprises (MSMEs) from the existing 90 days to 180 days, according to a senior government official who requested anonymity.“The proposal to extend the loan default period for MSMEs from 90 days to 180 days is likely to be taken up by the Cabinet soon,” the official said.The move is expected to provide relief to cash-strapped MSMEs, especially against the backdrop of steep US tariffs, giving them more time to regularise their loan repayments.Ne..

FedEx, IIT Madras Launch SMART Centre for Sustainable, AI-led Logistics

FedEx has partnered with the Indian Institute of Technology (IIT) Madras to inaugurate the SMART Centre (Supply Chain Modelling, Algorithms, Research and Technology Centre) on the institute’s campus. The facility will drive innovation in sustainable and AI-driven logistics solutions. Backed by a five-year $5 million grant from FedEx, the SMART Centre aims to combine advanced research, digital technologies, and industry expertise to transform supply chains with a focus on agility, resilience, and environmental responsibility.The centre will also spearhead interdisciplinary projects in ar..

PM Modi to Inaugurate Aunta–Simaria Six-Lane Ganga Bridge on Aug 22

Prime Minister Narendra Modi will inaugurate the newly built Aunta–Simaria six-lane Ganga bridge on August 22, marking a significant milestone in Bihar’s infrastructure growth.The 8.15-km-long bridge, constructed at a cost of Rs 18.71 billion, connects Aunta Ghat in Mokama (Patna district) with Simaria in Begusarai and runs parallel to the decades-old Rajendra Setu. With Rajendra Setu undergoing repairs and heavy vehicles barred from plying, the new bridge is expected to ease congestion and provide seamless connectivity between north and south Bihar.Officials said the bridge will reduce tr..