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Indian diamond industry may lose shine due to Russia-Ukraine war

Kolkata, Mar 8 (PTI) Sanctions imposed by the United States and European nations on Russia in the wake of its aggression on Ukraine is likely to have a direct impact on the Indian diamond industry at a time when it is on the recovery mode after the pandemic and is aiming at USD 24 billion [...]

Ind-Ra revises auto sector outlook to ‘neutral’ for FY23

New Delhi, Mar 8 (PTI) India Ratings and Research (Ind-Ra) on Tuesday revised its outlook for the auto sector to 'neutral' from 'improving' for 2022-23, saying supply-side constraints and a muted rural demand will restrict growth. Domestic automobile sales volume is expected to grow 5-9 per cent year-on-year in 2022-23, after three consecutive years of [...]

Ashok Leyland Strengthens its Presence in Karnataka, Opens 4 Dealerships in the State

Dealerships in Bidadi, Tumkur, Kolar & Hoskote, and will help strengthen Ashok Leyland’s footprint in Karnataka Bangalore, Karnataka, India (NewsVoir) Ashok Leyland, flagship of the Hinduja Group and India’s leading commercial vehicle manufacturer, today, inaugurated four new dealerships, in Bidadi, Tumkur, Kolar & Hoskote in Karnataka. AML Motors is part of a 70 year Group [...]

Deakin University, Australia and Symbiosis International University, India collaborate to launch Women Entrepreneurship Research Alliance (WERA) on International Women’s Day

NEW DELHI, March 8, 2022 /PRNewswire/ -- Deakin University, Australia and Symbiosis International University have announced the launch of the Women Entrepreneurship Research Alliance (WERA). This research alliance will work towards creating the same participation and success rates in entrepreneurial activity for women as their male counterparts and harnessing their potential to rebuild nations and [...]

India may consider alternative pay system for exporters if Russia-Ukraine war continues for long

New Delhi, Mar 8 (PTI) India may consider alternative payment mechanisms for exporters if the Russia-Ukraine conflict continues for a long time and key trade sectors such as gems and jewellery face a problem in international cash transfer, government sources said on Tuesday. This consideration came against the backdrop of the Russia-Ukraine war and sanctions [...]

Singapore, German firms join hands to build water infra in India

Singapore, Mar 8 (PTI) Singapore-based Meinhardt Group has partnered with Germany’s SKion Water to build net zero water infrastructure and harness carbon from water in markets such as India where large-scale environmental management projects are being implemented, the two companies said here on Tuesday. Announcing the partnership, Meinhardt Group CEO Omar Shahzad said: "We are [...]

Oorjaa raises about Rs 9 cr in funding round led by Inflection Point Ventures

New Delhi, Mar 8 (PTI) Business-to-business logistics tech platform Oorjaa has raised nearly Rs 9 crore in a funding round led by Inflection Point Ventures.The round also involved a clutch of high-networth individuals who have invested in personal capacity and through Vinners angel investing platform.The funds raised will be used to sharpen focus on the [...]

RBI Guv Das launches UPI service for 40 cr feature phone users

Mumbai, Mar 8 (PTI) RBI Governor Shaktikanta Das on Tuesday launched a new service, which will enable over 40 crore feature phone users to undertake digital payments in a secure way. The service christened UPI (unified payments interface) '123PAY' is a three-step method to initiate and execute services for users which will work on simple [...]

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Das says 'excluded people' from lower rung of society, especially in rural areas, will now be able to access UPI services. PTI AA DRR DRR