TATAPOWER ANNOUNCED Rs 13000 Cr INVESTMENT IN MAHARASTRA

Tata Power, one of India’s largest power companies, announced on August 8, 2023 that it would invest Rs 13,000 crore in Maharashtra to set up two pumped hydro storage projects (PSPs). The two projects will have a combined capacity of 2,800 MW and will be located at Shirawta in Pune (1,800 MW) and Bhivpuri in … Read more

NESTLE INDIA INVEST Rs 4200 Cr IN INDIA

Nestle India, the Indian subsidiary of Swiss food giant Nestle, has announced an investment of Rs 4200 crore in India over the next five years. The investment will be used to expand Nestle’s manufacturing capacity, develop new products, and strengthen its distribution network. The investment is a sign of Nestle’s commitment to India, which is … Read more

₹1,18,280 crore tax devolution for State Govts by the Centre

The Union Government has released the third instalment of tax devolution to State Governments amounting to ₹1,18,280 crore on 12th June, 2023. The distribution of the funds is as follows: SL No. State Amount (in crores) 1 Uttar Pradesh 21,218 2 Bihar 11,897 3 Madhya Pradesh 9,285 4 West Bengal 8,898 5 Maharashtra 7,472 6 … Read more