Public Sector Unit News

Prashant Lokhande Takes Charge as CBSE Chairperson; Varun Bhardwaj Appointed Secretary

  • June 3, 2026
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The Central Board of Secondary Education (CBSE) has been reorganised with the appointments of Varun Bhardwaj as Secretary and senior officer Prashant Lokhande, IAS (AGMUT:2001), as Chairperson. The government has authorised a high-level investigation of the acquisition and deployment of the digital assessment platform, and the appointments follow mounting criticism of CBSE’s On-Screen Marking (OSM) […]

Corporate News

Propsoch Raises USD 2 Million in Seed Funding Led by Athera Venture Partners, Sparrow Capital and Vakil Group

  • June 3, 2026
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Propsoch, a Bengaluru-based homebuyer advisory platform, has raised USD 2 million in a seed funding round led by Athera Venture Partners, Sparrow Capital and Vakil Group. The fresh capital will be used to strengthen the company’s research and advisory capabilities, expand its team across functions, and support market expansion. Founded by Ashish Acharya and Ravi […]

Public Sector Unit News

Resonia Takes Over Hampapura Transmission SPV from RECPDCL After Winning TBCB Bid

  • June 3, 2026
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The Ministry of Power’s REC Power Development and Consultancy Limited (RECPDCL), a 100% subsidiary of REC Limited, transferred the InSTS Transmission Project SPV in Karnataka to M/s Resonia Limited on May 30, 2026. Following Resonia’s successful offer in a Tariff-Based Competitive Bidding (TBCB) procedure overseen by RECPDCL in its role as offer procedure Coordinator, the […]

Public Sector Unit News

NHPC Share Sale Attracts Robust Response, OFS Subscribed 3.47 Times

  • June 3, 2026
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A regulatory filing from Tuesday stated that the government’s Offer for Sale (OFS) in National Hydroelectric Power Corporation (NHPC) Ltd, which is under the Ministry of Power, was 3.47 times oversubscribed on the initial day of bidding for non-retail investors. Additionally, the authorities fully utilised the 3% greenshoe option, increasing the total offer stake to […]

National News Public Sector Unit News

India-UK Trade Relations Gain Momentum as Piyush Goyal Meets Peter Kyle

  • June 3, 2026
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The minister of commerce and industry, Piyush Goyal, stated on Tuesday that he and the secretary of state for business and trade of the United Kingdom, Peter Kyle, had “great conversations” regarding the future of economic engagement between India and the UK and the advancement of common commercial goals. “Delighted to welcome my friend, UK […]

National News

Indian Nationals to Benefit as Germany Eases Airport Transit Rules

  • June 3, 2026
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India expressed its delight on Tuesday at Germany’s decision to enable visa-free airport transit for Indian nationals, viewing it as a major milestone in the development of closer bilateral relations and improved connection between individuals. With the new arrangement taking effect on June 3, Indian citizens will no longer need an airport transit visa to […]

Public Sector Unit News

MCL Performance Under Review as Coal Minister Visits Odisha

  • June 2, 2026
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G. Kishan Reddy, the Union Minister of Coal and Mines, conducted a performance evaluation of Odisha-based coal and mining companies on Monday. The review aimed to improve coal production, fortify evacuation infrastructure, speed up project development, and encourage sustainable mining practices. Inaugural session attendees included Bibhuti Bhusan Jena, Odisha’s Minister of Commerce, Transport, Steel, and […]